Education loans have been popular options when it comes to arranging funds for higher education. But the drawback of the education loan is the lack of self-funding.
It is where the personal instant loan for students has emerged as one of the popular options these days. This way, one can get a large loan amount with no usage restrictions and without pledging any collateral.
If you wish to avail of an instant loan for students, you can do that online on a lender’s website and save your time.
Let’s check how to apply personal loans for students in this short post!
Here’s how you can apply for an online student loan in India
- Browse and land on a lender’s website you wish to apply for the instant loan for students with. Click on the ‘Apply Now’ button. An online loan application form will open.
- On the online form, you will need to enter your personal, professional and financial details. You will also need to enter your desired loan amount and the tenor of the
- Now, the agent of the lender will get in touch with you to collect the required documents at your doorsteps.
- Once approved, you will get the loan amount into your bank account within 24 hours*.
It is the standard procedure of applying for an instant loan for students in India. Hence, it may also differ from creditors to creditors.
If your CIBIL score is higher and marks 750 or more, then you may enjoy the instant loan for students approval on the go. You can also manage your outlays by spreading the loan amount over the flexible tenor of up to 60 months. You can quickly check your loan eligibility by using the online eligibility calculator available on your lender’s website.
Bajaj Finserv offers pre-approved offers on personal loans, home loans, and more. It is to simplify loan processing and make it less time-consuming.
You can check out your pre-approved loan offers today after sharing your basic details such as your name and mobile number.