Here are the Education Loan FAQs - loanbaba.com to inform you about the important information on college and school fee loan in India.
Loanbaba.com has an unconventional approach to meet anyone’s need for education loan. We offer student loan to willing parents, who have a small requirement (INR 10,000 to INR 50,000) for school fees, college fees, charges for admission/tests/exams/projects or education related monetary deficit for their children.
We offer the lowest interest rate on education loans, and repayment up to 120 days, based on your income, and credit score.
The loan amount will be credited to your bank account, provided when applying for the student loan. No loose cash will be handed.
You can use the education loan amount to pay for school fee, college related activities for your child, vocational studies, and other education linked plans for your own children.
Loanbaba.com offers college fee loan only to salaried individuals, who are parents of the child for whom the loan is being taken. Income generated per month must be at least INR 20,000 and above.
If you need funds for education higher than INR 50,000 then you can contact us. We have several loan products that can serve your requirements for money, up to INR 50 Lakhs and more.
You may be able to prepay the full amount or partly pay the school fee loan before the repayment tenure ends. However, in some instances, you may be charged a prepayment penalty fee.