Personal Loan for Education

Overview

Welcome to IndusInd Bank, where we offer personal loans that can be extremely useful for financing education. Our personal loan is a great option, especially for those who don't qualify for a traditional education loan or need additional funding beyond what's available through a student loan. Apply now and take the first step towards achieving your dreams.

Why choose IndusInd Bank for taking Personal loan for Education?

IndusInd Bank personal loan can be extremely useful in financing your education, be it your living expenses, stationery expenses, or any other costs beyond what's covered under a student loan. Here’s what all you can do with IndusInd Bank Personal Loan

  • Cover tuition fee:

    Our personal loan can be used to pay tuition fee for students attending school/colleges that don't qualify for education loan or for those who have maxed out their loan options.

  • Pay for living expenses:

    You can also use our personal loan to cover living expenses like rent, utilities, and food, which can be especially helpful for students who need to relocate for education.

  • Cover the cost of textbooks and supplies:

    You can even use the funds from personal loan to pay for textbooks, supplies, and other materials needed for classes. This can be particularly helpful for students who need additional funds to cover the cost of these items.

  • Consolidate existing debt:

    One of the most interesting use of our personal loan is that it can be used to consolidate existing debt, such as credit card debt or high-interest loans. This can help reduce monthly payments and make it easier to manage your finances better while studying.

  • Visa and flight expenses:

    Another interesting use case of our personal loan is that it can be used to manage expenses related to flight tickets and visa cost. This comes extremely handy for students who are planning to study abroad.

  • Emergency fund:

    Our personal loan can be your saviour if you find yourself in need of emergency funds during your studies, be it for medical, academic, or personal use.

Features of IndusInd Bank Personal Loan for Education

Our personal loan for education comes with a range of benefits that make it a preferred choice for student personal loans.

  • Easy application process:

    Our personal loan application process is quick and hassle-free, allowing you to get the funds you need in no time.

  • Instant approval:

    Our application process is completely digital with no physical documentation, thereby enabling us to provide instant approvals and quick disbursal.

  • Best-in-class interest rate:

    We offer competitive interest rates on student personal loans starting from just 10.49%, making them an affordable option for education financing.

  • No collateral or guarantor required:

    Our personal loans are unsecured, which means you don't have to put up collateral to get access to funds.

  • High loan amounts:

    We offer high loan amounts ranging from ₹30,000 to ₹5 lakh, which means you can get the funding you need to achieve your educational goals.

  • Flexible repayment options:

    We offer flexible tenure options ranging from 12 to 72 months that are tailored to your financial situation, allowing you to repay your loan comfortably.

So, if you're looking for a reliable and affordable way to finance your education, look no further than IndusInd Bank personal loans. Apply now and take the first step towards realizing your ambitions.

Calculate EMI on your Personal Loan

Our Personal Loan EMI calculator is a powerful tool that can help you determine your monthly EMI (Equated Monthly Installment) for your personal loan for education. With just a few simple inputs, you can get an estimate of your monthly payments and plan your budget accordingly.

I wish to avail a Personal loan amounting at interest rate for approximately months.

CALCULATE NOW

These Calculations may vary from actual figures. For more details, visit here.

Eligibility Criteria

Whether you are a salaried individual or a business owner or a self-employed professional, you can avail IndusInd Bank Personal Loan. You can check your eligibility as per the criteria mentioned here.

Personal Loan for Education FAQs

  • What is a Personal Loan and how it differs from Education Loan?

    A personal loan is a type of an unsecured loan that requires no guarantee or collateral. On the other hand, an education loan is a type of secured loan that requires collateral/security. You can use the funds from personal loan for education for living expenses, additional stationary expenses, and other requirements. In contrast, most education loans only cover tuition fee expenses.

  • For what all educational purposes can I use IndusInd Bank Personal Loan?

    You can use IndusInd Bank Personal Loan for the following educational purposes.

    • Cover tuition fee
    • Pay for living expenses
    • Cover the cost of textbooks and supplies
    • Pay for visa and flight expenses
    • Use as emergency fund
  • What is the maximum amount of Loan I can get when applying for a Personal Loan for Education?

    The maximum loan amount offered under IndusInd Bank Digital Personal Loan is ₹5 lakh.

  • What are the tenure options available for Personal Loan for Education?

    IndusInd Bank Personal Loan tenure ranges from 12 months to 72 months.

  • What are the steps to apply for an Instant Personal Loan for Education?

    Applying for IndusInd Bank Instant Personal Loan is a simple 4-step process that just takes a few minutes. Here are the steps involved.

    • Click on the ‘Apply Now’ button above
    • Provide your personal details and loan requirement
    • Get the best loan offer as per your need
    • Complete Video KYC verification and digitally sign to validate & get instant disbursal
  • What is the interest rate charged on an Instant Personal Loan for Education?

    IndusInd Bank Personal Loan interest rate starts from as low as 10.49% per annum.

Other Loans

Gold Loan
Gold Loan

We know your gold is worth a thousand sentiments and opportunities. Presenting IndusInd Bank Gold Loans - Smart way to fund your dreams.

Key Feature and Benefits
  • Minimum Documentation
  • Instant Disbursal
  • Tenure: 3-24 months
  • Upto 10 Lakh Loan
Home Loan
Home Loan

Our home loan is designed customisable for our customers to make their dream of buying home comes true.

Key Feature and Benefits
  • Wide range of home loan products
  • Doorstep service with fast & easy processing of your loan application
  • Transparent and no hidden charges
  • Simplified documentation
Loan against Property
Loan against Property

Apply for IndusInd Bank Loan against Property to meet your business or personal needs which helps you unlock the hidden value of your property.

Key Feature and Benefits
  • Loan Against Residential or Commercial Property
  • Loan for Purchase of Commercial Property
  • Additional Finance
  • Balance Transfer
  • Lease Rental Discounting