Apply Personal Loan for Higher Education Online
Last updated: May 02, 2022, 05:47 AM ISTOver the years, an increase in career opportunities has encouraged individuals to apply for higher education and build a better future. However, it means shelling out more money along with managing other mandatory expenses. Whatever be your purpose for higher studies, it’s understood that higher education often tends to be an expensive affair. But for a better future and salary package, you should go ahead with the idea of higher studies!
However, the loan amount you can get for higher education varies from lender to lender. Therefore, NBFCs like Hero FinCorp, one of the leading financial services companies in India launched ‘SimplyCash’, a versatile personal loan app that primarily provides substantial personal loans online for higher education with flexible tenures and affordable interest rates.
How SimplyCash instant personal loan is a better option for higher education online?
SimplyCash is a complete digitized instant cash loan app that supports fixing all your urgent financial requirements in just a few simple clicks. We offer a personal loan for education starting from Rs.50,000 to Rs.1,50,000 on competitive interest rates. SimplyCash personal loan app has unified features and benefits to conveniently apply for a personal loan for higher education.
Features and Benefits of an online personal loan for higher education:
Real-time approvalYou get instant approval on the same day on meeting minimal eligibility criteria set by the lender.
Quick loan disbursalOnce your loan application gets sanctioned, the loan amount gets disbursed directly into your said bank account in a few working hours.
Repayment in 24 monthsFlexible repayment tenure starting from 6 months to 24 months allows you to pick a term as per your convenience that suits your budget.
Digital documentationNo physical documents are required when applying for a personal loan for education online. The process is completely digital and accepts paperless documents.
No collateralAs a personal loan is an unsecured type, it does not ask for any security or guarantor against the loan amount.
Customize your loan amount and EMI with the help of a loan EMI calculator. Arrange your EMIs as per your monthly expenses and the ability to repay the loan amount every month, without any delay.
Loan EMI calculator
Required Eligibility Criteria
To meet the SimplyCash loan requirement, you need to fulfil the essential eligibility criteria for both salaried and self-employed individuals as mentioned below:
- The minimum age of an individual should be 21, and the maximum should be 58 years
- The minimum income should be Rs.15,000 monthly, whether applying for the first time or having taken the loan before
- Six months bank statement of your salary account or with most transactions is mandatory
So, suppose you meet the above-stated eligibility criteria. In that case, you come under the category to apply for a personal loan for higher education online.
Aadhar and PAN cards are the two mandatory documents for getting a personal loan for higher education. It enables E-KYC verification and speeds up the loan process.
How to apply for a personal loan for higher Education via SimplyCash
Applying for an online personal loan is no more a challenge. SimplyCash loan app is a dedicated user-friendly loan app with a simple interface available on the Google Play Store, on your smartphone. With just three simple steps, you can easily avail of the loan application process with the below-stated methods:
- Download the loan app from the Google play store on your android phone
- Register your mobile number or email id for the OTP verification process
- Digitally fill in the application form online by uploading the required documents and personal details
- Approval status appears in seconds, followed by the disbursal in a working day
Finally, with such simple and basic eligibility criteria personal loan for higher education is just a click away! So, without a second thought, apply for a personal loan via the SimplyCash loan app and upgrade your professional skills for a better career.