Best Education Loan in Chennai

Education Loans are only Getting Better and Encouraging Students

At Sulekha, you can find more than 250+ trusted and verified education loan providers in Chennai. You can find the most reliable businesses listed with Sulekha, having a proven track record of delivering quality services. We provide information on education loans from verified sources. Education loans are important for student wants to pursue higher education. Also called student loans, this is an advance made by a financial organization or bank simply to meet the expenses of higher education. Under education loans, meritorious students having excellent academic qualifications can receive financial aid to study in some of the renowned institutes and universities in the country. Find out more about education loans, eligibility, qualification, documentation, processing charges, etc.

Why only Sulekha?

Sulekha is the only business listing website in which you can find verified sources of education loans in Chennai. At Sulekha, we would help you to choose the best education loan for your requirement from a list of trusted and verified bank or financial organization. You can also get access to all the information about the organizations, such as contact details, types of education loans, tenure of the loan, processing fees, and various other important aspects. Just fill the form above and give some information about your requirements. Based on that, we shall list experts for you and help you to connect at your convenient time. You can discuss your requirements elaborately and ask about the charges, the time required to process the loan, etc.

Education Loan Eligibility

Education loans are offered to students that want to pursue higher education. However, the student must have merit and good scores to qualify for a loan. Academic excellence is a determinant factor for education loans. In other words, an applicant’s eligibility is assessed based on their overall academic performance, which reflects in their mark sheets. Here are the criteria:

• Candidates applying for the loan should be resident of the country
• Candidates must have confirmed admission in a recognized institution in the country or abroad
• Candidates must be within 18 to 35 years of age
• Candidates must be undergoing an undergraduate/postgraduate degree
• Candidates must have secured admission in a reputed college/university affiliated by UGC/AICTE/Government etc.

Documents Required for Education Loans

Any hardcore paperwork is important for education loans. Though the process is simple and online, however, the requirement might vary by lending organizations or banks. In addition, some banks can be very strict in maintaining their terms and conditions with respect to mandatory documents submission. If no documents are submitted, the application may be rejected. List of documents:

• Duly filled and signed education loan form with affixed photographs
• 2 passport sized photographs
• Copy of 10^th and 12^th standard mark sheets
• Statement of cost of study and course expenses
• Government ID and Pan Card of student and parents/guardian
• Proof of age – Aadhaar card, voter ID, passport, driving license
• Proof of identity – Voter ID, Aadhaar card, passport, driving license
• Proof of residence – Utility bill, rental agreement, last 6 months bank statement of the student or parent, gas book, ration card, telephone bill

To apply for education loans in Chennai, know your eligibility. Get in touch with any of the verified education loan providers in Chennai.