You have studied hard and excelled in your exams and are planning the next move in your career. With quick approval rates, minimal documentation & competitive interest rates Bitola Capital helps in providing Education Loan to help students pay their tuition fees and living cost when they are looking to take the next steps in their education, both in India and abroad. Bitola Capital helps in Education Loan regardless of someone’s financial background. This is the reason why we have made the availability of Student Loans as accessible as possible. Whether you are a student or a parent seeking to provide your children with the very best, we are here to support you.
Eligibility Criteria for Education Loans in India
Documents Required to Apply for an Education Loan
|Proof of Identity and age||
|Proof of Address||
Lenders consider the following factors when approving a loan:
- The course and institute you choose
- The amount you need
- Your academic performance
- Repayment capacity of your family
- Family assets
- Annual income
Some of the courses eligible for education loan are mentioned below:
- School education
- Graduation courses
- Post-graduation courses
- Professional courses
- Diploma/degree courses conducted by recognised institutions
The repayment period begins after you complete the course. The tenure may vary from one lender to another.
Yes, you can move your education loan from one bank to another. However, your current bank might charge a refinance fees. Therefore, it is important to consider all factors of the existing bank and the new bank before moving the loan.
Yes, education loans cover 100% of the education expenses. However, full coverage may only be provided for expenses under a certain limit. Lenders have a margin if the expenses go above the limit.