Avail of Instant Loans to Fund Higher Education Starting at 14% p.a. Interest Rates
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.
The eligibility criteria to get personal loans for students are simple and straightforward through Moneyview -
If the student is salaried or self-employed, their minimum in-hand salary should be Rs.25,000 per month
The student’s income must be credited directly to their bank accounts
The student should have a minimum CIBIL score of 650
The student’s age should be between 21 and 57
Flexible Loan Sum
Borrow from ₹5,000 to ₹10 Lakh maximum
Unsecured Loans
Applying for a personal loan through Moneyview doesn't require a guarantor or collateral
Quick Processing
After approval, the loan amount is transferred to your bank account within a day
Competitive Interest Rates
Take advantage of interest rates starting from just 14% p.a.
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.
To apply for personal loans from Moneyview, only the following documents are required -
Your PAN number
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.
Students can get instant personal loans through Moneyview at competitive rates. Take a look at the table below to know more -
| Fees and Charges | Amount Chargeable |
|---|---|
|
Interest Rate |
Starting from 14% per annum |
|
Loan Processing Charges |
Starting from 2% of the approved loan amount |
|
Penal Charges on Overdue EMI |
24% per annum plus applicable taxes, if any |
|
NACH Bounce |
Rs.500/- each time |
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.
No, an education loan is not the same as a personal loan for students.
An education loan can only be taken for the sole purpose of funding a degree or a course. Whereas a personal loan can be taken by anyone for a variety of reasons, including a student to fund their education.
After searching for ‘how to get a student loan’, the first thing that everyone worries about is how much time will the processing take.
Through Moneyview, you can get instant student personal loans. Once your documents are verified and the loan agreement has been signed, the money gets credited to your bank account within 24 hours in most cases.
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