Many parents are finding Education loans in Ahmedabad as a solution to fulfil their child’s dream to get into a reputed educational institution. In the present day, the perceived “quality education” offered by most of the colleges and universities of India is now very costly. It becomes unfortunate for students who get into those colleges on a merit basis but can’t afford the whopping tuition fees.
Qbera is a leading online marketplace that offers education loans in Ahmedabad to salaried individuals who don’t want the lack of money to be an obstacle in their kid’s bright future. A personal loan for education can be used to pay for various educational expenses which may include the college fees, accommodation, study material, and even travel charges for studies pursued abroad.
Qbera’s benefits of Education Loan in Ahmedabad
Qbera, with its strategic partnership with banks, is able to provide unsecured personal loans for education in Ahmedabad at a very low interest rate that starts from 11.99%. Here are some of our attractive features that you can enjoy when you apply for an education loan in Ahmedabad.
1. Education made affordable
We offer one of the best education loans in Ahmedabad that will help you make payments for all the expenses related to your child’s graduation. You can get a loan of up to Rs. 10 Lacs to make a significant difference in your child’s future. Our interest rates are competitive as per the current market rates and our EMIs star at Rs. 2700.
If there is an expensive but important certification course that can lighten up your son’s or daughter’s career, then go ahead and apply for a personal loan for education with Qbera.
2. Pay for every step towards education
Whether your son/daughter is going to pursue a degree in one of the finest institutions of India or abroad, the charges and fees related to every small thing can be financed with our education loan in Ahmedabad. You can pay for the college fees, PG rooms, meals, study materials as well as exam fees’.
3. Online access to education loan
Things can be so easy when you can apply for an education loan online, without submitting any papers, for all documents will be verified online. Qbera features the seamless application of personal loans online with digital approval and makes sure you get the loan amount in a time span of not more than 24-48 hours.
4. Know your EMI in seconds
When you apply for an education loan with Qbera, you can quickly go to Qbera.com and check our online tool that helps calculate your EMI in no time. The EMI will be calculated on the basis of your net monthly income and your current EMI amount if you are paying any. This EMI will help you make a proper decision on the loan amount and loan tenure. You can also adjust the 2 values of income and current EMIs to get variable options for EMIs.
5. Flexible repayment period
When you apply for an education loan in Ahmedabad, you know it will be followed by monthly repayments. They can be paid through easy EMIs; but guess what? You can pay those EMIs as per your own selected loan tenure. Qbera offers a flexible loan tenure that can range anywhere from 6 to 60 months.
Eligibility Criteria for Education loan in Ahmedabad
You are eligible for a personal loan for education in Ahmedabad if you can meet these basic criteria of Qbera.
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You must be a salaried employee with a net monthly income of at least Rs. 20,000.
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Your age must be between 23 and 55.
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Your credit score must not be less than 600.
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You must not have any defaults in your credit history in the last 24 months.
How to get an education loan in Ahmedabad through Qbera.com?
Our simple online application for a personal education loan can be completed in few steps shown below:
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Login to Qbera.com and click the “apply now” tab on the top right corner of the page. It will take you to our online application form.
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Provide your personal and professional details like your age, gender, date of birth and email ID.
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Upload the bank statements and other relevant documents. We will verify your income and residence digitally.
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Once you get a final digital approval, we will offer you a loan amount that suits your financial needs as well as your repayment capacity. You can either choose to accept or reject the loan offer.
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Once you accept the loan offer, it will be disbursed to your bank account within 24-48 hours.
1. What is the processing fee that Qbera charges on an education loan in Ahmedabad?
Qbera charges a minimal processing fee that ranges from 2-4%.
2. What should be my minimum salary to get an education loan?
Your net monthly salary must be at least Rs. 20,000 to be eligible for an education loan in Ahmedabad.
3. Can I submit my documents online?
Yes, the application process for an education loan with Qbera is completely digital. Once you upload them, we will verify them digitally to provide fast assessment of your profile.
4. What is the maximum amount that I can get through an education loan with Qbera?
With Qbera, depending on your income, age, credit history etc., you can be eligible for an education loan of up to Rs. 10 Lacs.
5. How will I pay my EMIs?
Qbera allows its customers to pay for their education loan through automatic EMIs via NACH mandate.
Interest Rate & Other Charges
Interest Rate
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10.99% to 35.99%
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Processing Fee
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1% to 5% of total loan amount
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Loan Amount
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₹1,00,000 to ₹15,00,000
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Loan Tenure
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12 to 60 months
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Step 1: Online Application Form
Get approved instantly
Fill out our online application form by answering a few questions about yourself, your employment, your education, expenses and needs. This process would take no longer than 10 minutes.
Step 2: Connect bank account
Submit your bank statements
Connect securely to your bank via netbanking and submit bank statements as part of the easy loan application form. Alternatively, you can upload bank generated pdf bank statements.
Step 3: Loan term
Choose your Loan Term
Using our proprietary Credit Scoring Algorithm we determine your loan eligibility in real-time. Our algorithm uses the information about you, to determine your future potential and help you get the best rate instantly.
Example: A
loan offer of
₹2 lac, for a
tenure of
3 years at an
interest Rate of
16.6% (on a reducing principal) and a
processing fee of
2.5%.
Translates to:
- Processing Fee deduction of ₹5000 (2.5% of 2 Lacs) from loan amount, thus, the amount credited to your account will be ₹1.95 Lacs
- EMI of ₹7091 per month
- Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
- Total Interest paid in 3 years = ₹55,276, hence, annual interest paid = ₹18,425 (which translates to an effective flat annual rate of interest of 9.21%)
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