Education Loan Kanpur

Education Loan Kanpur

Since the cost of inflation in education is much higher than the overall consumer price inflation, higher education is becoming costlier with each passing year. In such a scenario it is very difficult for parents to fund the education of their kids. So, many of them have to resort to education loan kanpur.

There are a lot of advantages and benefits associated with Education Loan Kanpur :

• Students become financially independent as the bank pays for all their fees during their educational course.
• Students immediately get money and this reduces the burden of arranging money in short notice.
• Easy Documentation and Speedy processing.
• Lower and competitive rate of Interest.
• Flexible repayment options and repayments start after 6 months of completion of course.
• Avail tax benefits under section 80(E) of Income Tax Act 1961.
• Quick approval with 24*7 customer care assistance.

Major Education Loan Providers in Kanpur

Education Loan Criteria	SBI Education Loan	HDFC Education Loan	Axis Education Loan
Interest Rate	7.45% – 9.55%	9.50% – 13.3%	8.55% – 10.5%
Loan Amount	upto 1.5 Crores	upto 20 Lakhs	upto 40 Lakhs
Tenure	15 years	15 Years	15 Years
Processing Fee	upto 2.0%	upto 1.0%	upto 15,000
Abroad Studies	Yes	Yes	Yes
Approval	Yes	Yes	Yes
Apply Online	SBI Education	HDFC Education Loan	Axis Education Loan

Top Institutes for Education Loan Kanpur

A desired degree from a reputed institute may be the dream of many students. But, securing such a degree may not be within the reach of many. Good education can be expensive, but it should not stop a deserving student from pursuing their education. Educational loans can be highly beneficial in such cases. Mentioned below is some relevant information that a student must consider before applying to a College.

Types of Colleges in Kanpur:

• Architecture college
• Law college
• Physical education college
• B.ED college
• Engineering college
• Science, Commerce, and Arts college
• Biotechnology college
• Medical college
• Pharmacy college
• Management college

Top 10 Colleges in Kanpur:

• Indian Institute of Technology Kanpur
• Rama University
• Kanpur Institute of Technology
• Axis Colleges
• University Institute of Engineering and Technology
• Pranveer Singh Institute of Technology
• Maharana Pratap Engineering College
• AllenHouse Institute of Technology
• Uttar Pradesh Textile Technology Institute
• Industrial and Management Engineering

Top 5 Universities in Kanpur:

• Indian Institute of Technology Kanpur (IIT)
• Harcourt Butler Technical University
• Chandra Shekhar Azad University of Agriculture and Technology
• Rama University
• CSJM Kanpur University

Courses Offered

Courses Offered
UG	PG
B.A	M.A
B.Sc	M.Sc
B.Com	M.Com
B.E, B.Tech	M.E, M.Tech
BDS, MBBS	MD, MS, MDS
B.Pharm.	M.Pharm.
BBA	MBA
LLB	LLM
BHM	PG Diploma in Hotel Management
B.Arch	M.Arch

Types of Expenses covered by Education Loan Kanpur

Expenses Covered	Courses Covered
	Studying in India	Studying Abroad
Tuition, exam library, and lab fees covered under the loan. Accommodation and hostel expenses also covered. Cost of uniform, books, equipment, and any study tours. Traveling expenses and any other refundable fees paid to the institutes. Additional discount of 0.5% for female students. Subsidies on principal amount and rate of interest. A moratorium period of 6 months to a year is given after the completion of the course.	Professional courses from the reputed institutes in the country. Graduation or Post Graduation from recognized Universities. All courses offered by IIT, IIM, IISc, NIFT, XLRI, e.t.c. Engineering, Aeronautical, Medical, Veterinary, Dental, Law, Computer, Management, teacher training, nursing courses etc. Courses such as CA, CFA, ICWA	GMAT, GRE, TOEFL, SAT exams affiliated colleges. Graduation or Post Graduation from a Government recognized College/University. Professional courses offered by legal Universities.

Documents Required for Education Loan Kanpur

Education Loan Kanpur provides a hassle free and simple documentation process and helps the customer to avail Loan in a shorter period of time.

1. Personal Documents:
   1. Age Proof
   2. Identity Proof
   3. Address Proof
   4. Photo and signature.
   5. Aadhar card, Pan Card, and Passport.
   6. Education loan form filled and signed by the applicant.
2. Academic Documents:
   1. Previous academic records.
   2. Proof of selection of the candidate in the college or university.
   3. Cost statement of study and course expenses.
3. Income Documents:
   1. Guarantor Form by someone in the family or who is in close relation with the applicant.
   2. Salary slips of the guardian with the date of joining.
   3. Bank Statements supporting the amount that individuals have applied.

If the applicant is a Self-Employed Individual

• Balance sheet and profit and loss account, computation of income for last 2 years.
• Income Tax Returns – last 2 years for Applicants, 26 AS, Traces
  • Business proof: Gumasta License, Registration Certificate, Service Tax Registration, among
• IT Assessment / Clearance Certificate, Income Tax Challans / TDS Certificate (Form 16A) / Form 26AS for income declared in ITR.

APPLY FOR EDUCATION LOAN AT 9.50%

How to Apply for Education Loan Kanpur

To apply for a Education Loan Kanpur, applicants don’t need to visit the bank’s branch as applicants can apply for it online at DialaBank.com. The process is very easy & handy. This involves only a few steps:

• Click here and fill the form.
• Compare personal loan offers from several banks and NBFCs on the DialaBank website.
• Check the eligibility and View the best offers available.
• After selecting the bank, fill out a form to process the loan application.
• Upload all the documents or schedule document pickup from home or office.
• After your documents are verified, the bank’s executive will give the applicant a verification call.
• The amount will get disbursed to the applicant’s account within 3-5 working days if the loan gets approved.