Education Loans in Ahmedabad
Education Loans in Ahmedabad
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.
You must be a salaried employee with a net monthly income of at least Rs. 20,000.
Your age must be between 23 and 55.
Your credit score must not be less than 600.
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:
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.
Provide your personal and professional details like your age, gender, date of birth and email ID.
Upload the bank statements and other relevant documents. We will verify your income and residence digitally.
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.
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.
- 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%)
- You must be a Salaried Employee
- Age: 23-55 years old
- Net Monthly Income must be more than Rs. 20,000.
- No defaults in the last 24 months.
- You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai or Hyderabad.
Documents Required after Digital Approval
- Aadhaar Card
- PAN Card
- 4 Cheques from your Salary Account
- Current Address Proof
- Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)
"I am really happy that I got a loan from Qbera. My application has been rejected by lenders in the past without giving any explanation for rejection. Qbera approved my loan with minimum documents. Thanks a lot once again."
I did not want to make many enquiries as many requests can lower the CIBIL score. I contacted Qbera on a Monday and by evening itself they had an offer for me. They kept me informed through every step of the process and were also flexible with regards to my commitments. In the end, the loan was disbursed within two days of documents submission. Thank you Qbera for simplifying the process and helping me find a loan. " Show more...
"It was a nice experience with Qbera. I have never seen such an easy process for getting a loan, especially when you need it the most. Thank you Qbera for your support."
"I had a hassle-free experience with Qbera. It was a very easy application procedure and in a short span of 3 days I got my loan credited to my account. Thank you so much for the support Team Qbera"
"It was very easy to get a loan from Qbera. I just applied on their website and got a confirmed offer immediately. The amount was transferred soon after. Will give it 5 out of 5"
"It's good and quick response from the Qbera team to get the loan. They are very good at the communicating the things properly and appropriately"