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Simple Methods to Secure an Educational Loan for the Shivratri 2025

Submitted by admin on February 24th, 2025

Shivratri is a time for new beginnings, making it the perfect opportunity to invest in your education or that of a loved one. If you’re planning to study in India or abroad but need financial support, an educational loan can help cover tuition fees, living expenses, and other academic costs. With digital banking and instant loan approvals, securing an education loan in 2025 is easier than ever.

In this blog, we’ll explore the simplest ways to get an education loan this Shivratri and make your academic dreams come true.

Apply for an Education Loan Online

Traditional bank visits and lengthy paperwork are no longer necessary. Several banks and NBFCs (Non-Banking Financial Companies) have online instant education loans available. Here’s how to apply:

• Visit the lender’s website or mobile app.
• Complete your information, such as course and loan amount.
• Upload required documents (admission letter, KYC, and income) documents.
• Easy approval and loan disbursement into your institution.

Tip: Banks are known to provide pre-approved education loans to students with good academic records.

Choose a Loan with Minimal Documentation

In the event that you need money immediately, choose a lender that accepts little paperwork. Some lenders provide instant student loans with just:

• Admission letter from a recognized institution.
• KYC documents (Aadhaar, PAN, etc.).
• Income proof of the student or co-applicant (parents/guardian).

This makes the loan process faster and hassle-free.

Check Your CIBIL Score for Better Loan Terms

A high CIBIL score (700+) helps to get education loan at low rate of interest and get relaxed lenders option. Before applying, check your or your co-applicant’s credit score using free online tools.

Tip: If your score is poor, pay off any existing debts in order to qualify. Call: 9073737333 for trained & certified experts.

Consider Government-Sponsored Education Loans

For students belonging to the poorer economically strata, subsidized education loan scheme provided under the following schemes are being provided by the Indian government:.

• Vidya Lakshmi Portal: A one-stop platform for multiple education loan options. Interest-free loans during the moratorium period for eligible students.
• Ambedkar Interest Subsidy Scheme: For students from minority communities.

Using these schemes can facilitate obtaining affordable, loanable funds and positive terms of repayment.

Go for Collateral-Free Education Loans

Several banks have provided collateral-free education loans upto ₹7.5 lakh following the Indian Banks Association (IBA) guidelines. For larger loan amounts, you may have to furnish guarantees, for example, real estate, bonds, or insurance policies.

Popular banks and NBFCs offering collateral-free education loans:

• SBI Student Loan Scheme
• HDFC Credila
• Axis Bank Education Loan
• ICICI Bank Education Loan

Tip: It is important to compare interest rates and the terms of repayment prior to selecting a lender. Call: 9073737333 for trained & certified experts.

Apply Through a Co-Applicant for Higher Loan Approval

When you are financially unstable and cannot apply alone, it can be helpful to apply with a co-applicant (parent, guardian or spouse) to increase the probability of loan approval. Lenders use co-applicants’ income and credit history to increase the amount loanable.

Conclusion

This Shivratri 2025, take one step closer to fulfilling your academic aspirations with fast, easy education loans. Thanks to online applications, pre-approved loans, government grants, and more, financing your studies is easier today than ever.

Want expert advice on selecting the right ed loan? Contact DAILY FINSERV today for the best loan options!

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