Education Loans
You’ve done almost all the hard work to turn your dream into reality. We can help you cross the finish line. With an Insure Funder education loan in India, you can focus on your course in the institute of your dreams and we’ll take care of all the finances. From college tuition to living expenses, we’ll help you deal with all the costs!
We’ve made the education loan application process super smooth. Start your educational loan application with a few easy clicks and we’ll have a loan consultant call you to guide you through the education loan process. Should you require a face-to-face meeting, we’ll have an executive come over with all the paperwork you need. Remember, we’re more than just education loan providers – we’re your education financing partner for the future!
Better Financial Planning
With education loans, your family’s finances remain intact. So, they do not have to worry about managing medical emergencies or saving for retirement after paying for your education.
Earn the Self-Made Badge
With an education loan in India, you manage the expenses independently. You can pride yourself on being 100% self-made!
Better Credit Score
An education loan allows you to build a credit score right from the time you turn 18. With a good credit score, you can secure the best deals on future loans.
Proof of Funds
Your education loan allows you to show your college the proof of funds. It also helps you pay for living and travel expenses without breaking the bank.
Easy Repayment
You get more than enough time to secure employment before you need to start repaying your education loan!
Factors to Consider Before Applying for an Education Loan
Many students may have a question – how to get an education loan? You have to consider a few things before applying for an education loan in India. Let’s take a look at what they are:
Find the Right Course and Institute
When the time comes to pick a career, you need to be sure of what you’re doing. Education loans are long-term commitments, so you must ensure that you’re headed in the right direction. Once you know what you want to do, check if you can get an educational loan to help finance your future. Most financiers provide a loan for education for certified courses at reputed institutes. You need to check whether your course and institute meet the minimum requirements.
Understand Your Eligibility
Your education loan eligibility also depends on your co-borrower’s financial background to some extent. Your current financial standing and your family’s annual income will be considered during your loan application evaluation. When you opt for an education loan without collateral, your eligibility will help the lender understand the best loan amount for you and your needs. It’s a good idea to consult an education loan expert and understand your eligibility and possible education loan rate of interest before you apply for an education loan.
Maintain a Good Academic Record
If you think you’d like to apply for an education loan for your higher education, you need to maintain a good academic record. If you’ve consistently performed well in school, we can offer you better rates and loan amounts for your educational loan. With a good record, you can improve your chances of getting the education loan sanctioned.
Get Your Documents in Order
Before you can apply for an education loan, you should know what documents you need to submit along with the application. When you get your papers in order, you can benefit from instant education loan approvals. If you do not have some education loan documents, your educational loan application can get delayed.
Consider the Processing Time
At Insure Funder, we can do our best to complete the education loan procedure as quickly as possible. But you must allow us enough time to complete all our loan approval processes. We require a few days to check all your paperwork and disburse the amount to you. If you require the funds urgently, you can apply for fast-track education loans, but even that could take a couple of days. So, you must apply for education loans in advance to avoid delays.