We are fortunate to live in the digital era where short-term loans exist. Earlier, there were no multiple types of loans available to meet varied financial needs. Over the years, technology evolved and brought practical changes in the way
personal loans were offered. That’s when short-term loans came into being to meet short-term financial objectives in a limited loan amount up to a couple of lakhs.
Funding education in India is very critical for securing the future of young minds today. But people belonging to different income groups find it difficult to acquire higher education due to a shortage of funds. Hence, NBFCs and financial institutions in India tapped the need for educational loans and introduced short-term loans via
instant cash loan apps for funding education. Many financial organizations offer collateral-free loans for overseas studies.
Education is one necessity, a milestone to achieve when the time is right. Hence, do not delay in getting school/college admissions for your children just due to lack of funding. Instant personal loan apps in India help with easy education loans with quick approval. Being a short-term education loan, repayment is hassle-free, broken down into affordable EMIs.
Eligibility and Required Documents to Avail Short Term Education Loan
Students and parents should get clarity on the eligibility criteria and required documents before applying for an education loan:
- Nationality should be Indian
- Students applying for education loans should have scored 50% at least in HSC and graduation level
- Obtained admission in India or abroad on a merit basis
- Income proofs reflecting a regular income of the student’s parents/guarantor/guardian
- Aadhar card and PAN card details for E-KYC verification
- Last 6 months of bank statement
- Copy of admission letter from the college/institute with fees structure
- Academic certificates – mark sheets and passing certificate
HeroFinCorp Instant Personal Loan for Education in India
Download the HeroFinCorp loan app from Google Play Store and get started with a quick loan application process for timely academic admissions for the year 2022 - 23. Hero FinCorp, one of the leading names in financial lending in India brings easy short-term loans to fulfil educational objectives just in time. The maximum loan amount ranges between 50,000 to 1.50 lakhs, which can be paid off easily in EMIs.
The in-built EMI calculator within the HeroFinCorp loan app helps to flexibly set affordable EMIs for the borrowers seeking education loans on a short-term basis. The variables within the EMI calculator can be flexibly changed till the EMI amount doesn’t appear to be within the budget.
How to Apply for Short Term Education Loan
HeroFinCorp brings instant loan facilities to fulfil educational goals and encourage education in India at all income levels. Follow the below steps to quickly start the loan application process:
- Download HeroFinCorp Instant Loan App via Google Play Store
- Register with your email id and mobile number
- Use the EMI calculator to set an affordable EMI
- Add KYC details plus other mentioned documents and get a real-time credit assessment
- Get a loan approved and disbursed instantly during business hours
