An education loan is a sum of money borrowed to finance post-secondary education or higher education-related expenses. Education loans are intended to cover the cost of tuition, books and supplies, and living expenses while the borrower is in the process of pursuing a degree. Payments are often deferred while students are in college and, depending on the lender, for an additional six-month period after earning a degree. This deferment period is also referred to as a "grace period."
Education Loan Eligibility Criteria
FinCap seamlessly offers online Education loans. From Education loan instant approvals to quick disbursement, we’ve simplified finance for you.
No restrictions on usage of the loan amount: Unlike other loans, you are free to use the instant Education loan amount for any of your urgent requirements.
No collateral requirement: If you are applying for an online Education loan through FinCap, you don't need to pay or pledge security to get the best Education loans online (unlike the conventional way of collateral or security deposit).
Flexible repayment: You are free to choose the duration of the online Education loan, but the main product is an enhancement to the salary and can be availed for a month. You can repay your loan at your convenience. To calculate Education loan interest rates, use our Education loan EMI calculator.
