Education Loan in Bhiwadi 2025

Overview of Education Loan in Bhiwadi

Bhiwadi, a growing industrial hub in Rajasthan’s Alwar district within the NCR, offers accessible education loans for students pursuing domestic or international studies. These loans cover tuition, accommodation, and other expenses, with amounts up to ₹1.5 crore and interest rates starting at 8.55% p.a. Lenders like SBI, Axis Bank, and HDFC Bank cater to Bhiwadi residents. Loanpao streamlines the process with online applications, eligibility checks, and disbursal within 5–15 days.

Eligibility Criteria for Education Loan in Bhiwadi

Criteria	Details
Age	18 to 35 years
Academic Record	Minimum 60% in Class 12 or equivalent; admission to recognized institution
Co-applicant Income	Minimum ₹15,000/month (salaried); ₹3 lakh p.a. (self-employed)
Credit Score	Co-applicant score of 700+ preferred
Residency	Permanent resident of Bhiwadi with valid address proof

Documents Required for Education Loan in Bhiwadi

• Identity Proof: Aadhaar, PAN Card, Passport, or Voter ID (student and co-applicant).
• Address Proof: Utility bill, Aadhaar, or rental agreement (Bhiwadi 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 for self-employed).
• Photograph: Recent passport-size photographs (student and co-applicant).

Benefits of Education Loan in Bhiwadi

• Loan amounts up to ₹1.5 crore for domestic/international studies.
• Competitive interest rates starting at 8.55% p.a. in 2025.
• Moratorium period (course duration + 6–12 months) with no EMI during study.
• Covers tuition, accommodation, books, and travel expenses.
• Disbursal within 5–15 days in Bhiwadi.

Factors Affecting Education Loan in Bhiwadi

Interest Rate

Rates range from 8.55% to 13.5% p.a., based on course, institution, and co-applicant’s credit profile.

Loan Amount

Up to ₹1.5 crore, depending on course cost and co-applicant’s income.

Co-applicant Credit Score

A score above 700 ensures better terms; lower scores may require collateral.

Course and Institution

Premier institutions (e.g., IITs, IIMs) often secure lower rates in Bhiwadi.

How to Apply for an Education Loan in Bhiwadi

Follow these steps to apply for an education loan in Bhiwadi through Loanpao:

1. Visit loanpao.in and select "Education Loan in Bhiwadi."
2. Complete the online application form with student and co-applicant details (name, Bhiwadi address, course).
3. Upload required documents (Aadhaar, admission letter, co-applicant income proof).
4. Compare offers from top Bhiwadi lenders like SBI, Axis Bank, and HDFC Bank.
5. Get approval and funds disbursed within 5–15 days in Bhiwadi.

Apply Now

Loan Eligibility for Education Loan in Bhiwadi

Check your eligibility for an education loan in Bhiwadi with Loanpao’s tool:

• Enter student details (age, academic record, course).
• Provide co-applicant’s income (minimum ₹15,000/month).
• Include co-applicant’s credit score (preferably above 700).
• Specify Bhiwadi address for localized offers.

Loanpao will evaluate your eligibility and recommend the best education loan offers in Bhiwadi.

Check Eligibility Now

Track Your Education Loan Application in Bhiwadi

Loanpao offers a seamless tracker for your education loan application:

• Submit your application ID on the Loanpao Tracker page.
• Monitor real-time status updates (e.g., under review, approved, disbursed).
• Receive notifications for disbursal updates in Bhiwadi.
• Contact Loanpao support for assistance with delays in Bhiwadi.

Track Application Now

Education Loan Comparison in Bhiwadi

Compare education loan offers from top lenders in Bhiwadi:

Lender	Interest Rate	Loan Amount	Tenure	Processing Fee
SBI	8.55% p.a.	Up to ₹1.5 crore	Up to 15 years	₹10,000 (max)
Axis Bank	9.00% p.a.	Up to ₹75 lakh	Up to 15 years	0.5–1% of loan amount
HDFC Bank	8.75% p.a.	Up to ₹1 crore	Up to 15 years	0.5–1% of loan amount

Frequently Asked Questions

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