Fund Your Education Dreams in Ballabgarh | Apply with Loanpao
Overview of Education Loan in Ballabgarh
Ballabgarh, a key city in Haryana’s Faridabad district, supports students with education loans for domestic and international studies. Education loans in Ballabgarh for 2025 cover tuition, accommodation, and other expenses, with interest rates starting at 8.55% p.a. Lenders like SBI, Bank of Baroda, and Axis Bank offer loans up to ₹1.5 crore with repayment tenures up to 15 years. Loanpao simplifies the process for Ballabgarh residents by providing eligibility checks, lender comparisons, and online applications.
Eligibility Criteria for Education Loan in Ballabgarh
Criteria
Details
Age
18 to 35 years
Academic Record
Minimum 60% in Class 10/12 or equivalent; admission to recognized institution
Co-applicant
Parent/guardian with stable income (minimum ₹15,000/month)
Credit Score
Co-applicant’s score above 650; student’s score not mandatory
Residence
Permanent resident of Ballabgarh or nearby areas
Documents Required for Education Loan in Ballabgarh
Identity Proof: Aadhaar, PAN Card, or Passport (student and co-applicant).
Address Proof: Utility bill, Aadhaar, or rental agreement (Ballabgarh address).
Academic Documents: Class 10/12 marksheets, admission letter, fee structure.
Income Proof: Co-applicant’s salary slips (last 3 months), bank statements (last 6 months), ITR (last 2 years).
Photograph: Recent passport-size photographs of student and co-applicant.
Benefits of Education Loan in Ballabgarh
Loan amounts up to ₹1.5 crore for domestic/international studies.
Competitive interest rates starting at 8.55% p.a. in 2025.
Long repayment tenures up to 15 years with moratorium period.
Covers tuition, accommodation, travel, and other study-related expenses.
Quick disbursal within 7–15 days post-approval.
Factors Affecting Education Loan in Ballabgarh
Interest Rate
Rates range from 8.55% to 13% p.a., based on course, institution, and co-applicant’s credit profile.
Loan Amount
Up to ₹1.5 crore, depending on course costs and repayment capacity.
Co-applicant’s Credit Score
A score above 650 ensures better terms; lower scores may require collateral.
Course and Institution
Recognized institutions and professional courses get better terms in Ballabgarh.
How to Apply for an Education Loan in Ballabgarh
Follow these steps to apply for an education loan in Ballabgarh through Loanpao:
Visit loanpao.in and select "Education Loan in Ballabgarh."
Fill out the online application form with details (student’s name, Ballabgarh address, course details).
Upload required documents (Aadhaar, academic records, co-applicant’s income proof).
Compare offers from top Ballabgarh lenders like SBI, Bank of Baroda, and Axis Bank.
Get approval and funds disbursed within 7–15 days in Ballabgarh.
Loan Eligibility for Education Loan in Ballabgarh
Check your eligibility for an education loan in Ballabgarh with Loanpao’s tool:
Enter student’s academic details (60%+ in Class 10/12, admission letter).
Provide co-applicant’s income (minimum ₹15,000/month).
Include co-applicant’s credit score (preferably above 650).
Specify your Ballabgarh residential address for localized offers.
Loanpao will assess your eligibility and suggest the best education loan offers in Ballabgarh.