Education Loan in Ludhiana

Check Education Loan Interest Rates of all major banks of Ludhiana Instantly

Bank NameFloating Interest RateProcessing Fee
AXIS starting from 13.7%Nil
Incred Finance 11.75 % to 14 %1 %
Kotak Mahindra Bank 11.5 % to 24 %upto 2% of the loan amount+ GST and other applicable statutory levies
Bank of baroda 10.50% and 11.55%.Nil
TATA CAPITAL 11.25%upto 2.00%
RBL BANK from 14.15 %Zero
Syndicate Bank 13.25%nil*
Federal Bank 10.90% and 15.30%.0.50% of the loan amount
HDFC 12.13%Maximum upto 1% of the loan amount
Avanse Finance 11.50 %1 %
ICICI 11.5 %Nil
PNB Education Loan 8.45% and 11.05%Nil

About Ludhiana

Ludhiana is a city in the Ludhiana district of Punjab an Indian State. It lies on the Sutlej River's old bank. The city was among the list of smart cities that will be developed by the government of India. It has an average elevation of 244 meters.

Ludhiana city major tourists attraction points are Alamgir, Doraha, Katana Sahib, Khanna, Kila Raipur, Machhiwara, Nanaksar, Payal, Serai Lashkari Khan, Sidhwanbet, Sudhar, Rakh Bagh Garden, Hardy's World Amusement & water Park, Jagraon, Nehru Rose Garden, Tiger Safari Zoo, Amaltas, Gurdwara Dukh Niwaran Sahib, Maharaja Ranjit Singh War Museum, Ganj Chowk, Kipps Market, Jama Masjid Feald, Phillaur Fort and many others.

About Education Loan in Ludhiana

We aim to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for an Education Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Education Loan in Ludhiana also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Pick up your desired product and win amazing assured cash backs up to Rs. 5000 on the disbursal of your loan. Get ready to build a stronger tomorrow.

Eligibility Criteria for an Education Loan in Ludhiana -

No worries for strict eligibility conditions. We tie-up with all the best lenders in the Ludhiana and help you with flexible eligibility criteria.

The applicant should have secured admission in any of the courses listed by the lender. The courses include but not limited to engineering, medicine, management, architecture, hotel & hospitality, pure science, and diploma. He/She needs to submit market sheets/passing or provisional certificates of S.S.C, H.S.C and degree courses (wherever required).

If you are a salaried individual and like to pursue any course with an education loan, furnish last 6 months salary slips/Form 16. In case, if you are a self-employed, provide last 2 years IT assessment/returns income certificate.

Documents Required for an Education Loan in Ludhiana

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

Salaried Class

  • Identity Proof - Aadhaar Card /Voters ID/Passport/Driving License /PAN Card
  • Residential Proof – Electricity Bill/Water Bill/Telephone Bill (not more than 3 months old)
  • Admission Proof – Letter of admission on the institute/university’s letter head
  • Co-applicants documents – Co-applicant should be among father, mother, sister, brother, spouse, or if these members are not able to give their collateral, then the applicant’s father-in-law, mother-in-law, first cousin, maternal or paternal uncle/aunt/ grandparents can be co-applicant.
  • Income Proof – Salary slips for the last three months along with the bank statement showcasing the credited salary
  • Employment Certificate – for the past 1 year
  • Photographs - Two passport size

For Self-employed

  • KYC documents – Identity & address and proof of date of birth
  • Residence Proof - Leave and license agreement, utility bill (should not be more than three months old), and a copy of your passport if, you own one.
  • Income Proof – ITR for the last 1 year
  • Official Address Proof – Address proof along with your email ID and phone number
  • Business Continuity Proof – Testimonials to show your business is running from the last 1 year

Benefits & features of taking an Education Loan in Ludhiana

Education loan shapes the future of students. At Ludhiana, we have a wide range of options with exclusive benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

  1. Instant Approval – Yes. SBI, ICICI, HDFC and other players are offering instant paperless approval for an Education Loan. Apply at Afinoz, and we will help you avail the Education Loan at best rate.
  2. High Eligibility – Within just a few minutes, we will assess your education loan eligibility and suggest you the best available options in Ludhiana. Our process is driven by automated technologies, and we help you get low EMI Education Loan
  3. Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Education Loan balance to save on money. Some lenders charge fee for a balance transfer.

ICICI BANK LIMITED

About

ICICI Bank is an Indian multinational bank and financial services company. Headquartered in Mumbai, India, the bank currently has a network of ,87 branches and , 7 ATMs across India. The bank became the first Indian bank to list on the New York Stock Exchange in 000. It is India’s largest private sector bank with total consolidated assets of Rs. ,.8 billion (US$ 7. billion) as on March 08.

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Branch

LUDHIANA
KHANNA
G.T ROAD - LUDHIANA
SIDHWAN BET
MALOUD BRANCH
HAMBRAN
JAGRAON NEW GRAIN MARKET
DHANDARI KALAN LUDHIANA
BAHADUR KE ROAD LUDHIANA
FIELD GANJ LUDHIANA
SHINGAR ROAD LUDHIANA
LUDHIANA-HAMBRAN ROAD
PAKHOWAL
INDUSTRIAL AREA A
RAHON ROAD LUDHIANA
ICICI BANK LAKHA
DEHRKA
BHAROWAL KALAN
JANDI
BALLOWAL
DHAIPAI
KULAR
HEERAN
LUDHIANA-CHAURA BAZAR
FOUNTAIN CHOWK
FOCAL POINT
RAIKOT
MACHHIWARA , PUNJAB
LUDHIANA- SARABHA NAGAR, PUNJAB
SAMRALA, PUNJAB
SAHNEWAL PUNJAB
MULLANPUR
DUGRI-LUDHIANA, PUNJAB
LUDHIANA - JALANDHAR BYE PASS
LUDHIANA - KITCHLU NAGAR
JAGRAON
DORAHA
LUDHIANA - BRS NAGAR
MODEL TOWN
KHANNA
LUDHIANA - SUNDERNAGARá
LUDHIANA - FEROZE GANDHI MARKET CIBDá

RBL Bank Limited

About

RBL Bank (Ratnakar Bank Limited) is one of the fastest growing private sector banks in India, headquartered in Mumbai, Maharashtra. Established in August 9, currently the bank operates through a network of branches, 99 banking outlets and 9 ATMs spread across 0 Indian states and union territories. In August 99, the bank obtained Scheduled Commercial Bank status. It is listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

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Branch

LUDHIANA

KOTAK MAHINDRA BANK LIMITED

About

Kotak Mahindra Bank Limited is a private sector Indian Bank headquartered in Mumbai, Maharashtra. The bank was founded in 98 and in February 00, Kotak Mahindra Finance Ltd. received the license from the Reserve Bank of India to carry on banking business. It had a network of ,88 full-fledged branches and ,99 ATMs in the country as of March 08.

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DepositFixed DepositRecurring DepositTax Saving Fixed DepositSenior Citizen Fixed DepositSweep-In Facility

Branch

SAMRALA
PAKHOWAL
MALEWAL
LUDHIANA BRANCH
MODEL TOWN EXTENSION BRANCH
GILL ROAD - LUDHIANA
LUDHIANA
MILLER GUNJ BRANCH
MULLANPUR - DAKHA
LUDHIANA

BANK OF BARODA

About

Bank of Baroda (BOB) is an Indian multinational banking and financial services institution headquartered in Vadodara in Gujrat, India. The bank was established on 0 July 908 and nationalized on 9 July 99 along with other major commercial banks of India. It has been termed as a profit-making public sector undertaking (PSU). The bank has 7 global branches including 7 India branches and 0 overseas branches. It offers a wide range of banking products and services including loans, credit and debit cards etc.

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Life InsuranceHealth InsuranceGeneral Insurance

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Account Savings Current Baroda E-Trade in accountDeposit FD RDLoans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI

Branch

SUNDERNAGAR, LUDHIANA
SSI LUDHIANA BRANCH
SAMRALA ROAD BRANCH
PAU BRANCH
MILLERGANJ, LUDHIANA
MADHPUR, PUNJAB
MACHHIWARA BR., DIST.LUDHIANA
CLOCK TOWER BRANCH
KHANNA , PUNJAB
JAGRAON , PUNJAB
IND.AREA-LUD BRANCH
FEROZPUR ROAD LUDHIANA
DUGRI ROAD, LUDHIANA
DHURI, PUNJAB
BAHADURKE ROAD LUDHIANA