An Education Loan from Laxminarayan Finance-:
- helps students fulfill their academic dreams without financial burdens. Whether for higher studies in India or abroad, we offer tailored financial solutions with flexible repayment options.
- Advantages of an Education Loan
- Financial Assistance for Higher Studies – Covers tuition fees, living expenses, and other educational costs.
- Flexible Repayment Tenure – Repayment starts after course completion, with tenures extending up to 15 years.
- Low-Interest Rates – Competitive interest rates make it an affordable option for students and parents.
- Tax Benefits – Interest paid on an education loan is eligible for tax deduction under Section 80E of the Income Tax Act.
- Moratorium Period – Repayment begins after course completion, allowing students to focus on their studies first.
- Covers Various Expenses – Includes tuition fees, hostel charges, books, laptops, travel expenses (for studying abroad), and other academic costs.
- Loan for Studying in India & Abroad – Available for courses at recognized institutions worldwide.
- Co-borrower Facility – Parents, guardians, or spouses can apply as co-applicants to enhance eligibility.
- Eligibility Criteria for an Education Loan
- To qualify for an education loan, the following criteria must be met:
- Nationality: Indian citizen.
- Age Limit: 18 to 35 years.
- Admission Confirmation: Admission letter from a recognized university or institution in India or abroad.
- Eligible Courses: Graduate, postgraduate, diploma, and professional courses in reputed institutions.
- Co-borrower Requirement: Parent/guardian must be a co-applicant for security purposes.
- Academic Performance: Good academic record preferred.
- Collateral (for higher amounts): Required for loans above a certain limit (varies by lender).
- Documents Required for an Education Loan
- The following documents are needed to process an education loan:
- Identity Proof (Any one):
- Aadhaar Card
- PAN Card
- Passport
- Voter ID
- Driving License
- Address Proof (Any one):
- Aadhaar Card
- Passport
- Utility Bill (Electricity, Water, Gas, etc.)
- Rent Agreement (if applicable)
- Academic Documents:
- Admission letter from a recognized university/institute
- Previous academic records (10th, 12th, and graduation mark sheets)
- Entrance exam scorecard (if applicable)
- Income Proof of Co-borrower:
- Salary slips (last 3 months)
- Bank statements (last 6-12 months)
- Income Tax Returns (last 2-3 years) (if applicable)
- Loan Application Form:
- Duly filled and signed application form.
- Collateral Documents (if applicable):
- Property documents (for secured loans)
- Fixed deposit or other security documents
- Recent Passport-Size Photographs (2-3 copies).
- How to Apply for an Education Loan?
- Online: Visit our website and fill out the loan application form.
- Branch Visit: Walk into our nearest branch with the required documents.
- Phone Assistance: Call our customer support team for guidance.
- For further assistance or to apply, contact us:
- Laxminarayan Finance Company📧 Email: info@laxminarayanfinance.com📞 Phone: 8445003418🏢 Address: [Insert Office Address]
- Secure your future with an education loan from Laxminarayan Finance and make your academic dreams come true!
- Rate of Interest: 2 to 6 % Tenure 1 to 20 years.