Education Loan FAQs

When can I avail an Education Loan?

You can avail a personal loan for education when you have decided which course you want to pursue.

Is there a specific course-based eligibility criterion?

No. There is no course-based eligibility criterion. You can avail an education loan for any kind of educational need which requires you to arrange for funds.

Do I have to mention my reason for availing the education loan?

No. We do not ask you for your reason to avail an education loan.

Is it necessary to have a Co-applicant?

No. You do not need a co-applicant to avail an education loan from Indiabulls Dhani.

What are the different types of documents required for an Education Loan in India?

To avail an Education loan from Indiabulls Dhani, you only need to enter the details of the below mentioned documents:

1. PAN Number

2. Address proof details

Does the information I enter remain secure?

Indiabulls Dhani makes sure that your personal information is safe from online threats.

Where can I download the Education Loan mobile application?

To avail an Education loan, you can download the “Instant Personal Loan App – Indiabulls Dhani” from Google Play Store or Apple App Store.

What is an Education loan EMI Calculator?

When you decide to take an education loan, you need to take into consideration all the expenses such as the course fees, tuition fees, hostel charges, etc. An Education Loan Calculator helps you get an approximate amount of your EMIs on the loan amount.

When does the loan amount gets disbursed into the account?

At Indiabulls Dhani, you get instant education loan approval. Once you receive the approval, the amount is deposited into your account in minutes.

What are the different tenure options for Education Loan?

The tenure option ranges from 3 months to 36 months.

If I Pre-pay my Education Loan, are there any charges for it?

If you wish to prepay your loan, Indiabulls Dhani does not charge you any prepayment fee till Rs 20,000.

How can I be eligible to avail an Education Loan in India?

Indiabulls Dhani’s Education loan eligibility is as follows:

• Indian resident aged 21 years and above

• Salaried professional or self-employed entrepreneur

Is there a minimum and maximum loan amount for Education Loan?

Indiabulls Dhani offers education loans online ranging from Rs 1,000 to Rs 15 Lakhs.