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- The Answer to All Your Education Expenses
"You have to dream before your dreams can come true. - A. P. J. Abdul Kalam
You've done almost all the hard work to turn your dream into reality. We can help you cross the finish line. With an Rozgar 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!
Why do you need Loans?
Looking for financing options for your higher education can seem like an overwhelming decision.
If you're not sure why you should opt for an education loan, here are a few good reasons to convince you:
Why Choose Us?
Are you wondering how to apply for an education loan?
Apply for a 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 education loans 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 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. If you want to know how to get an education loan easily, let us tell you that 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 Rozgar, 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.
Who Is Eligible for Loans?
Individuals who want financial help with their higher studies can apply for education loans if they:
- Are Indian citizens who are 18 or older
- Have a confirmed admission before the final disbursal
- Have a co-borrower who earns in India
Co-borrowers also need to meet the following education loan criteria:
- Must be an Indian citizen and should be a parent, legal guardian, sibling or other blood relative
- Must have a bank account in India that allows them to sign cheques
- Must be the primary debtor
Frequently Asked Questions
It's okay to have questions, because we've got answers!
1What criteria must I meet to apply for an Rozgar Education Loan?
To benefit from an Rozgar Education Loan, you must be an Indian citizen over the age of 18, have a confirmed seat at your preferred institute and should have cleared your 10th standard exams.
It will greatly benefit your application if you have a good academic record and your co-borrower has a steady source of income. To enhance your higher education, you should find institutions that have a good rating.
2 When is the ideal time to apply for an Rozgar Education Loan?
There's no such thing as a bad time when it comes to applying for an education loan. Ideally, you should start the process roughly 8 months before your course is scheduled to start. Having said that, you must understand that we can only release the funds once the institution confirms your admission. If you require emergency funds, you can apply for a Pre-Admission Loan (PAL).
3What is the Rozgar pre-approved education loan? Will it work for me?
A pre-approved education loan lets your institution know that you have the funds required to complete the course abroad. It works as a proof of funds certificate, something that many higher education institutes abroad require.
4 I want to ensure my course fee is paid on time. So, how early should I apply for the loan?
At Rozgar, we believe that the early bird gets the education loan. You should start applying for a loan as soon as you have an idea of which institute you want to attend and what the fees will likely be for the year. We may take between 6 to 8 weeks to disburse the fees to the institute, so you can plan accordingly.
5 Many banks also offer education loans. What makes Rozgar different?
At Rozgar, we specialise in education loans and nothing else. We will walk you through the entire loan process and ensure that you have no stress at all while preparing for your higher studies. We also provide:
- Bridge loans
- Score-based benefits
- Pre-admission loans
- Fast-track loans
- Funds availability certificate
You also benefit from:
- 100% financing
- Flexible repayment options
- Quick sanctions
- Customisable loans
- Door-step service
6 What documents do I need to apply for an Rozgar education loan?
To complete your application, you will have to provide the following documents:
- Student KYC and educational documents
- Details regarding the course and fees
- Co-borrower KYC and income details
- Collateral documents
7 Are there any processing charges for my loan?
At Rozgar, we charge a one-time processing fee that amounts to around 1-2% of your total loan amount.