Personal loans for students are a great way to deal with the financial requirements of higher education.
You can get a student loan in India in a hassle-free manner with minimal documentation. Read ahead to know more.
Eligibility Criteria to Apply for Student Loan in India
The eligibility criteria to get personal loans for students are simple and straightforward through Moneyview -
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If the student is salaried or self-employed, their minimum in-hand salary should be Rs.25,000 per month
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The student’s income must be credited directly to their bank accounts
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The student should have a minimum CIBIL score of 650
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The student’s age should be between 21 and 57
Can Students With No Income Avail Student Loans from Moneyview?
Unfortunately, if you don’t have a source of income, you can’t apply for a personal loan through Moneyview.
But your parent, guardian, sibling, or friend who fulfills the criteria can take the loan on your behalf. As the funds of a personal loan can be used for any requirement, you can use a personal loan from Moneyview to fund your education.
Documents Required to Avail Personal Loan for Students
To apply for personal loans from Moneyview, only the following documents are required -
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Your PAN number
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Your mobile number will have to be linked to your Aadhaar card for KYC verification
Other than this, the auto-debit facility from your bank account must be enabled. This is a quick process where you can use a debit card, net banking, or NACH form.
The auto-debit facility will help you pay your EMIs automatically every month without the need for manual intervention.
Interest Rates and Other Charges of Personal Loans for Students
Students can get instant personal loans through Moneyview at competitive rates. Take a look at the table below to know more -
Conclusion
If you are looking for a student loan in India, but are in need of some quick funds, you can apply for it through the Moneyview digital lending app. Our lending partners offer personal loans for students at affordable rates and with minimum documentation.
You can apply for a student loan through Moneyview in just 4 steps, and fund your education on your terms. For more information, visit the Moneyview website or download our app.