Worried about Education costs? Understand how to apply for a Student Loan

The cost of education is rising. This shouldn’t stop you from pursuing your dreams. Get an education loan with Finnable to pursue the education degree of your choice.  

Understand how to apply for a student loan along with the features, benefits, application process and more.

Features of a Student Loan

  • 100% digital: Our process to apply for a student loan is simple. You can apply for a student loan online as well as manage and repay your loan entirely online. All this without the need for actual/physical paperwork.
  • Quick loan disbursal: Our instant loans for students are disbursed in as quickly as 6 hours after approval.
  • Affordable interest rates: Borrowers can avail an education loan with attractive and affordable education loan interest rates.
  • Repayment flexibility: We offer flexible loan tenures with EMI plans of up to 60 months.
  • Data security: The whole process of applying and receiving the funds offers 100% data security to customers.
  • Simple documentation: To avail an education loan online from Finnable, we require minimal documents. We only ask for address proof, identity proof and salary proof/payslips for 3 months.

Eligibility of a Student Loan

To be eligible for a student loan from Finnable, the individual should:
  • Be a resident of India
  • Be employed full time in a private or government sector
  • Have minimum work experience of 6 months in total and more than 3 months in their current organisation
  • Have a salary of more than Rs. 25,000/- per month if living in a tier 1 city and Rs.15,000/- per month if living in a tier 2 city
  • Salary should be credited to the applicant’s bank account
Student Loan Eligibility

How to Apply for a Student Loan

Applying for an education personal loan is a simple and hassle-free process. At Finnable, our aim is to provide instant loans for students who wish to pursue higher education as well as to parents who want their children to opt for a degree or course of their choice. 

To apply for a student loan online, you need to follow a few simple steps:

  • Create your profile with Finnable, either on the website or personal loan app, by filling in the required personal details.
  •  Upload the required documents.
  • Select the loan amount and the tenure you wish to repay the loan and apply.

Thats all you need to do. Upon successful document verification, the funds will be credited in your account within 6 hours of approval.

Conclusion:

Education is a stepping stone to success. With Finnable education loans, you have the freedom to select and study the course and university, without having to worry about finances. This education loan can be used to pay your tuition fees, take care of your accommodation and help with sundry expenses including the  purchase of books and reading material. What’s more? Our entire process is online, requiring minimal documentation. Student loans are disbursed within 6 hours of loan approval. All this with attractive interest rates, choice of tenure between 0 to 60 months and 100% data security

Upgrade your life!

Apply for a loan at Finnable and live limitlessly

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