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Top Education Loan Lenders in Ameerpet | 2018

Education Loan in Ameerpet at lowest rate of interest

Education Loan Interest Rates in Ameerpet

Read below comparison sheet for Education Loan Interest Rates.
99Loans has consolidated all the information regarding the latest rate of interests at one place. This loan comparison will surely help you to apply for a education loan.

Comparison chart for the rate of interests and loan amount.

Banks/Finance company Min. Salary Per month in Rs Rate of Interest Between Loan Amount Provides Between
HDFC BANK 15000 10.99% - 18% 1 Lac – 40 Lac
ICICI BANK 17500 10.99% – 18% 1 Lac – 40 Lac
Yes BANK 25000 10.75% -  16% 2 Lac – 40 Lac
Capital First 20000 12% - 24% 1 Lac – 10 Lac
Fullerton India 12000 18% – 40% 25 k – 15 Lac
HDB Financial 20000 14% – 21% 1 Lac – 15 Lac
Tata Capital 20000 12% - 18% 1 Lac – 15 Lac
RBL Bank Ltd 20000 13% - 18% 1 Lac – 15 Lac
Please keep visiting this section to remain updated for attractive education loan offers in Ameerpet.

Education Loan Real time Approval

      99Loans offers instant soft approval for Education Loan which further gets disbursed in 48 hours from our in-house NBFC, multiple banks & other NBFCs. Enjoy the fastest process, door step services, transparent processing, simple & easy documentation and competitive lowest interest rate.

      We also provide loans to those who are bachelors living on the shared basis or rented. A education loan is purely unsecured, short term cash loan, which means that the individual customer is not required to provide the bank with any security (ex. education, jewels) or any kind of guaranty against the education loan.

      Formally, for any urgent cash requirement, we prefer education loan. It can be taken for any general purposes like education, reconstruction of education/home renovation, a wedding expense, vacation etc. Most of the finance companies or other banks offer Education Loan up to Rs. 40 lacs for salaried customers. Normally, it can be repaid over a period of 12 months to 60 months. Some of the banks are funding more than that.

      The education loan amount you are eligible for and the education loan interest rate for you will depend on factors such as monthly income, customers employment history, residence history and past financial credit history along with the pattern. Banks typically have capped the monthly payment (EMI) on your loan to about approximately 60% – 70% of your monthly take home income. However, a customer cannot take a education loan for any kind of bad investment or expense which is not approved by the banks or by the law.

Education Loan offers / schemes, lowest interest rates from different financial companies in Ameerpet.

      We are here to help all our customers to get special offers from all the Banks/ NBFCs for quote on interest rates in many different ways (ex. monthly reducing rate, flat rate). Looking at the interest rate value alone might not give you a true picture of which education loan quote is the best for you. You must check the EMI. The processing fee should also be considered when comparing loan quotes.

      If you are in urgent need of Education loan, just compare the average time taken by the banks to disburse a education loan. Get Instant Education Loan in Ameerpet.

      Compare the customer satisfaction ratings of each bank and choose the best, as the application process is different at each bank.

You can take help for comparing the best deal from 99Loans team at free of cost.

Apply Now for Best Offers

Education Loan Eligibility in Ameerpet

Education loan eligibility criteria for salaried employee is as follows.
  • Minimum age of Applicant : 21 years
  • Maximum age of Applicant at loan maturity : 60 years
  • Minimum Net Monthly Income : Rs. 15,000 per month (minimum Rs. 15,000 – Rs. 20,000 in some banks according to their loan eligibility criteria)

Documents Required for Education Loan in Ameerpet

For Salaried Customers
  • One valid Identity proof.
  • Latest six months Bank statements.
  • Latest Residence proof.
  • Latest three month Salary slip.
  • If required guarantors & their same set of documents.