Our annual fee financing solution provides loan to parents and students on annual basis with easy monthly installments designed in a way to make it easier for the borrowers to repay.
Easy Documentation
- The documentation process is fairly simple and basic documents are needed for sanction of loan
Quick Disbursement
- With our state of the art system we strive to complete the disbursement of loan in less than 10 days
Online Application
- The Candidates can apply for loan online using the tools provided by our technology partners.
Live Update
- The college gets a live tracking on status of the loan application for all candidates.
Benefits For Parents
Minimal Paper Work
0% Interest Loans
Approval In Minutes
No Prepayment Charges
EMI
Repay In Easy Monthly Installments
Why Choose Education Loan
We ensure 100% transparency throughout the education loan process. Our education loan counsellors will stay by your side every step of the way.
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Transparency
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Tax benefits
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Technology
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Flexible Collateral
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Support
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Secure
Our Lending Partners
Agile Finserv
Avanse Financial Services
InCred
Exclusive Leasing & Finance
EZ Capital
PHF Leasing
We Pay India
Frequently Asked Questions
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1. What all documents are required for the approval of loan via EmpowerYouth?
The following documents will be required to submit for loan approval.
- AADHAR CARD
- PAN CARD (mandatory in certain Banks/NBFC's)
- PHOTO
- PASSPORT
- 10TH to Last Qualification
- COLLEGE ADMISSION LETTER
- ENTRANCE EXAM SCORE CARD (if any)
- IELTS SCORE CARD
- OFFER LETTER (mandatory in certain Banks/NBFC's)
- MOBILE NUMBER
- EMAIL ID
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2. Is the loan available for abroad studies too?
Yes. The loan is available for both India and abroad.
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3. When do we have to start to repay the loan?
Direct EMI starts next month from the date of sanctioning of loan
or Moratorium period (simple interest is charged on the amount disbursed) -
4. What all expenses will be covered in the loan?
The following expenses will be covered depending upon the terms of Banks/NBFC:-
Fee payable at college/ school/ hostel
Examination/ library/ laboratory fee
Travel expenses/ passage money for studies overseas
Insurance premium for student borrower
Caution deposit, building fund/ refundable deposit supported by institution bills/ receipts
Purchase of books/ equipment/ uniforms/ instruments
Purchase of computer at reasonable cost if required for completion of the course
Any other expense required to complete the course like study tour, project work, thesis. -
5. Is there any collateral required to secure the loan?
The collateral for security will depend from case to case. We will study your case and inform accordingly.
Get In Touch With Our Loan Expert
All loans are from bank and non-bank partners licensed by RBI
