SMFG India Credit offers personal loan for higher education at affordable rates of interest. You are not required to put up collateral since this is a personal loan that you avail to help your child complete his or her higher education. Professionals who wish to take the next step in education to further their career prospects can also avail of this type of loan.This is different from education loans which are generally provided to students wishing to pursue higher studies in India or abroad.
It is relatively simple to apply for a personal loan for higher education in India. You can either do it online or visit the nearest SMFG India Credit branch to complete the process offline.
Let us now see the features and benefits of a personal loan for higher studies.
The next to ensuring that you get your personal loan for higher education approved is to get the documentation right. When you apply, have your personal details, contact information and KYC details handy.
You can take our personal loan for a variety of reasons.
A personal loan for higher education is a personal loan sanctioned by lender to pursue further studies in India or abroad. This type of loan can also be availed by professionals seeking to pursue additional qualifications through certification courses.
At SMFG India Credit, higher education loan can be availed by the parent of a student who wishes to pursue higher education, or by a salaried professional who wishes to upgrade his skills through a part time course or certification. You can be eligible for the loan if you satisfy the following criteria:
For more details, please refer to personal loan eligibility criteria or contact us today.
Students and parents can avail of an education loan for higher studies under the Student Loan Scheme. This has been made possible due to the joint efforts of the Government of India and the Ministry of Education. Please note that this is different from SMFG India Credit’s personal loans for higher education which can only be availed by salaried or self employed individuals.
At SMFG India Credit, you can avail a top -up loan after a certain period of time (depending on the terms of your existing loan) if you require additional funds. Please contact our customer care centre to know more.
To avail a personal loan for higher education at SMFG India Credit, if you don’t fit the criteria, your parent, spouse or other close family relative can apply on your behalf. In such cases, they become the guarantor for the loan, and will be responsible for making the repayments as per the agreed upon terms in the loan agreement.
* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.
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