Published on Jul 21, 2020Updated on Oct 15, 2026
An education loan is the choice of many when it comes to meeting expenses linked to higher education, as it offers multiple benefits to users.
But, education loans have some limitations and cannot be taken for every kind of course. For instance, it is not usually possible to get an educational loan for online courses in India, which are a popular alternative to expensive full-time degree courses. This includes certification courses, as well as courses from certain private universities.
You may have to depend on your savings and other financial means to get enrolled in the course. But it makes one feel apprehensive to do so, especially during uncertain times when the pressure of building a healthy savings balance is paramount. This is also especially difficult for young professionals who are trying to pursue part-time courses to further their career paths but may have other commitments, which makes the choice of depleting one’s savings for certification (or some other) course that much more difficult.
In such a case, you can apply for a personal loan for higher education. It acts as a savior in the time of need and provides necessary funding to upskill and stay relevant in the job market.
Personal loans are a quite versatile loan and are easier to obtain compared to any other loan category. It is a great alternative to the education loan and helps to meet your budgetary requirement without risking your assets.
Must Read: How Much Personal Loan Can I Get?
Let's check out why you should take a personal loan for online courses in India.
Following are the steps to get a personal loan for higher education in India:
Must Read: Education Loan in India: 7 Things you need to know
No doubt personal loans are considered a popular financing option. Whether it is about meeting the emergency financial requirements or funding higher studies, it is the savior for many in times of need. It offers both accessibility and flexibility to users.
In a way, personal loan helps you to do better in life and helps to reach your true potential. It also helps young professionals become independent by taking charge of their own finances without having to depend on family/friends.
Therefore, never let lack of funds restrict your growth. Opt for a personal loan to fund your higher studies today, and get yourself enrolled in the course you need to boost your career.
Important Note: This article is for general informational purposes only and may be subject to change from time to time. As product features, eligibility criteria, interest rates, charges, fees, tenures and other terms may be revised as per SMFG India Credit's policies, readers are advised to refer to the latest details from the respective product pages (please select from the top menu). For the latest loan charges, please visit Charges & Fees Link and for the latest Interest rates, please visit Interest Rate Rationale. Please note that final loan terms, disbursement process and eligibility criteria will depend on SMFG India Credit's policies at the time of loan application.
The content of this article is for information purposes only and does not constitute as, an offer or advise to avail any products or services from, or, a commitment to grant any loan by the company. It is not intended to create any rights or obligations against us. All content is provided "as is" without any warranty of any kind, either express or implied & we disclaim any warranty or representation, whatsoever, in regards to the content. Please refer to the Privacy Policy of the company to understand the use, processing and storage of your personal data.
Was this helpful?
Insurance disclaimer SMICC is registered with the Insurance Regulatory and Development Authority of India (IRDAI) as a Corporate Agent. IRDAI Registration No.: [CA0098] CIN No. U65191TN1994PLC079235. The insurance policy is a contract between the customer and the insurance company, and policy is underwritten by insurance companies. SMICC acts only as the distributor and is not responsible for any risk, policy issuance, claim settlement/repudiation etc. Insurance is the subject matter of solicitation. Purchase of insurance is voluntary and subject to insurer underwriting and policy terms and conditions. Customers are advised to read the policy terms and conditions, benefits, exclusions, claim settlement carefully before purchase. Kindly note that “Insurance Products” are not mandatory for the purpose of the application and disbursement of loan. It shall be the sole discretion of the customer, by providing explicit consent, to avail such insurance along with the Loan.
Beware of Spurious calls/ Fraud phone calls IRDAI is not involved in activities like selling Insurance policies, announcing bonus or investment of premium. Public receiving such phone calls are requested to lodge a police complaint.
