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15 Mar, 2023
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Having a good education is the key to a successful career. In this age of digitization, students have a lot of career options to choose from. Education is a basic necessity and an important milestone for everyone keen on a good career. Therefore, getting into a good school or college cannot be delayed. However, a good education is an expensive affair but may be difficult owing to a lack of funds. Students have to shell out huge fees to achieve their educational dreams.
There is, however, no need to despair as education loans are now offered by various lenders and NBFCs in India. Also, the demand for digital mediums has led to the increasing popularity of online loan platforms that offer instant personal loans that are short-term loans for meeting short-term financial obligations. These loans can also be utilized by the borrower towards funding education expenses.
Nowadays, instant loans apps are the best options for getting easy education loans of a smaller amount. Such apps provide instant loans between Rs. 50,000 – Rs. 1.5 lakhs with easy repayment options and paperless documentation, ensuring a seamless loan experience for the borrower.
The eligibility criteria would differ between lenders while applying for an education loan. Common criteria as seen below:
Hero FInCorp Instant Personal Loan , is one of the innovative user-friendly instant personal loan platforms, from which you can avail of easy and quick loans. Using Personal Loan as an education loan will nor require many documents. You just have to download the loan app from Google Play Store. Any individual earning a minimum monthly salary of Rs.15,000 can easily avail of a personal loan at HeroFinCorp, at a low rate of interest with hassle-free paperless documentation and online KYC verification.
Also Read: How Can I Get Education LoanGetting an education personal loan is now very easy thanks to credible instant online personal loans platforms like HeroFinCorp.
What is an education loan?
An education loan is a type of loan provided by banks and financial institutions to help students cover their educational expenses such as tuition fees, books, and other related costs.
How can I get an education loan of Rs. 50,000?
You can apply for an education loan of Rs. 50,000 through various instant loan apps. These platforms offer quick loans with easy repayment options and paperless documentation.Can I use a personal loan for other educational expenses?
Yes, you can use a personal loan to cover various educational expenses, including books, study materials, accommodation, and other related costs.What can I use a personal loan of Rs. 1,50,000 for?
You can use a personal loan of Rs. 1,50,000 for various purposes such as medical emergencies, home renovation, wedding expenses, travel, education, debt consolidation, or any other personal financial needs.The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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