A Successful Career Starts with the Right Education.
An education loan is a financial product designed to assist students in funding their post-secondary or higher education expenses, including tuition fees, books, living expenses, and other related costs. Kare Financial Services offers support in obtaining suitable education loans in Bangalore, enabling students to pursue their educational aspirations effectively.
Education Loan in Bangalore
Education is paramount in today's society, serving as a gateway to achieving personal and professional goals. Whether pursuing post-secondary or college education, the burden of high tuition fees should not hinder progress. An education loan provides a straightforward solution to fund your educational endeavors. Additionally, borrowers may be eligible for loan subsidies and tax benefits under Section 80E of the Income Tax Act, thanks to the government's emphasis on education.
Process of Obtaining an Education Loan
- Application Form: Complete the application form with accurate information regarding contact details, academic history, and other required details.
- Personal Discussion: Engage in a brief personal discussion with loan experts to better understand your needs and clarify terms and conditions.
- Document Verification: Submit necessary documents for thorough verification by the bank or financial institution.
- Credit Assessment: Undergo a comprehensive credit assessment process, including evaluation of guarantor's creditworthiness if required.
- Signing the Contract: Sign a promissory note with the bank upon loan approval, with students as the primary borrowers and parents/guardians as guarantors.
- Loan Disbursement: Upon completion of formalities, including additional paperwork and signed checks, the bank disburses the loan, often directly to the educational institution.
Education Loan from Kare Financial Services
Kare Financial Services offers various education loan options in Bangalore to support students in achieving their educational goals. Loans typically have a repayment duration of 10-15 years, with no need for collateral for loans up to Rs. 4 lakhs.
Eligibility for an Education Loan includes :
- Indian citizenship
- Minimum 50% marks in HSC and graduation
- Admission to career-oriented courses at graduate or post-graduate level
- Admission secured through entrance exam/merit-based selection process
- Co-applicant (parents/sibling/guarantor) with documented income
Benefits of Education Loan
- Customized loan options for a wide range of courses and countries
- 100% financing options available with no margin money required
- Quick loan sanctions to avoid delays in the admission process
- Coverage for total cost of education, including tuition fees and living expenses
Documents Required for Education Loan
- KYC documents
- Proof of address
- Demand letter from college/university
- Exam progress report, mark sheet, and certificates
- Form A2 (for overseas institutes)
Kare Financial Services strives to empower students to become future leaders by providing access to education and expertise. With a commitment to excellence and affiliation with 45+ banks across Bangalore, we ensure students receive the support and benefits they deserve.