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School Fee Finance
With increasing inflation, gone are the days when school fees was affordable without financial planning. To make your child study in top schools has become a task. Schools' fees are high and most schools need to be paid in annual modes. Today, school fees can have a major impact on a family’s financial plans and require a financial solution as well. To make it easier and less worrisome for the parents, EmpowerYouth has introduced school fee financing which is beneficial for both parents and schools. We believe everyone has a right to a great education and we can help turn aspirations into reality.
Benefits For Parents
School Fee loans upto Rs. 3 lakhs
Minimal Paper Work
0% Interest Loans
Approval In Minutes
No Prepayment Charges
Repay In Easy Monthly Installments
Our Lending Partners
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
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
