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Education Loans
If you are aiming to get an education loan for higher education expenses, then apply for a personal loan from Airtel Flexi Credit. Get a loan with the lowest interest rates, on your terms and pay back with flexible EMIs. With instant credit approval and disbursal within 24 hours, fulfilling your dreams with a loan is easier than ever!
Benefits of Education Loan
Get a loan on your terms. Choose from flexible EMI and tenure options.
100% digital process
Submit details online
Instant Loan approval
Get approval in mins!
Flexible EMIs and tenure
Choose your tenure & EMI
How to apply for an Education Loan?
Follow the simple steps mentioned below
Open Airtel Thanks App
Find Shop > Airtel Finance
Select Flexi Credit
Fill in your basic details
Get best offer
Basis profile verification
Complete the KYC
Link your bank account
Education Loan EMI Calculator
Calculate your MSME Loan EMIs and interest rate easily using the MSME Loan EMI calculator.
Adjust the tenure and loan amount to know the average interest amount.
Short Term Loan amount
Enter the loan amount
₹
Tenure plan
Choose your tenure plan
Mo
Rate of interest
Adjust your interest rate
%
Principal
Interest
Features of MSME Loan
With Airtel Flexi credit you get below
Personal loan amount
₹10,000 to ₹9,00,000
Interest rates
Starting from 12% p.a.
Education Loan tenure
03 to 60 months
Credit disbursal
Within 24 hours
No paperwork
100% online
Low processing fee
2% to 5% + GST
Education Loan Eligibility Criteria
One must be between 21 to 60 years of age to be eligible for an education loan.
Flexible employment type
Education personal loans from Airtel Flexi Credit are available for salaried and self-employed individuals
Monthly income criteria
Anyone with a monthly income of ₹13,500 or more can apply
MSME loan limit
If you are looking for a loan between ₹10,000 to ₹9,00,000, then Airtel Flexi Credit is perfect for you!
FAQs on Education loan
What is an education loan, and how does it work?
An education loan is a type of credit used to fund future education expenses for a student. The education loan covers multiple aspects of higher education, such as books, course fees, living expenses, and more. Almost all banks and financial institutions offer education loans to students.
How do I apply for an education loan?
To apply for an education loan via Airtel Flexi Credit, simply use the Airtel Thanks App. Apply for a personal loan from the app by going to the Shop tab, selecting Airtel Finance, choosing Airtel Flexi Credit, and completing the application form.
What are the eligibility criteria for obtaining an education loan?
The eligibility criteria for an education loan can vary from one bank to another. At Airtel Flexi Credit, there are no fixed criteria, to get your personal loan from various banks. Just provide the correct information and your loan will be approved instantly.
What documents are required for the education loan application?
To get a loan for education from Airtel Flexi Credit, here are the documents that will be required: PAN card details, Aadhaar card details, KYC documents, bank statement, salary slips, and a selfie of the applicant as proof.
What are the courses covered in Education Loan?
All the courses will be covered when you apply for a loan from Airtel Flexi Credit.
Is the RBI moratorium on loans due to the COVID-19 pandemic applicable for education loans too?
The RBI moratorium on loans due to the COVID-19 pandemic for education loans is not applicable anymore.
What is the maximum loan amount I can apply for?
With Airtel Flexi Credit, you can apply for a maximum loan amount of ₹9 lakhs.
What is the interest rate for education loans?
The interest rate for an Airtel Flexi Credit personal loan starts at just 12% p.a.
How long does it take for the loan approval process?
The loan application process can be completed instantly with Airtel Flexi Credit. Once you have filled out the application form, your loan will be approved instantly.
Is it possible to get an education loan without offering collateral?
Yes, you can get an education loan without offering collateral by using Airtel Flexi Credit.
Can I track the status of my education loan application?
Yes, use the Airtel Thanks app to track the status of your loan application.
Are there any additional fees or charges associated with the loan?
There are no hidden fees or charges associated when you apply for a loan from Airtel Flexi Credit. You will be charged a tiny amount as a processing fee for the loan, which will amount to 2 to 5% of the loan plus GST.
What are the repayment options available for education loans?
You can pay back your loan from Airtel Flexi Credit with easy EMIs.
Can I prepay the education loan? Are there any prepayment penalties?
Yes, you can also choose to prepay the education loan. There might be penalties for prepayment of the loan, so get in touch with your bank for more clarity.
What happens if I miss a loan repayment for my education loan?
If you miss out on a loan payment, then it will affect your credit score negatively and you will also have to pay a fine. So, make sure to repay your EMI amount on time.
Is there an option to defer repayment while I am still studying?
Yes, education loans usually offer you the chance to defer repayment while you are still studying.
Are there any grace periods after graduation before repayment begins?
Education loans usually have a grace period after graduation before repayment begins.
Can the education loan cover expenses beyond tuition fees, such as accommodation and books?
Yes, the education loans cover expenses beyond tuition fees, such as accommodation and books.
What is the minimum and maximum tenure for repaying the education loan?
If you apply for a loan from Airtel Flexi Credit, the minimum tenure for the loan is 3 months, and the maximum tenure is 60 months.
Are there any tax benefits associated with education loans?
Yes, education loans are eligible for tax benefits. If you have taken an education loan, then the loan repayment EMI can be deducted under Section 80E of the Income Tax Act, 1961.
Can I apply for an education loan if I want to study abroad?
Applicants can always apply for an education loan, no matter where they want to pursue their education.
Is there a mobile app for managing my education loan account and payments?
Use the Airtel Thanks app for managing your education loan account and payments.
How do I contact customer support if I have any issues or queries regarding my education loan?
For any issues or queries, go to the Help section of the Airtel Thanks app. You can also reach out to the bank or credit lender for help with your education loan.
Personal Loan Lending Partner -
Airtel Flexi Credit
What is an Education Loan?
Any loan that is applied for higher education purposes can be termed as an education. Banks and financial institutions provide these loans at lower interest rates as compared to other loans. In addition, an education loan can be used not just to fund the education or the course, but for other expenses such as the cost of accommodation, food and more.
What is the process to apply for Education Loans?
Here are the steps on how to apply for an education loan from the Airtel Thanks app:
- Download the Airtel Thanks app
- Log in to the app with the required credentials
- On the Shop tab, click on Airtel Finance
- Select Airtel Flexi Credit
- Now proceed to fill the application form
- Your loan application will be instantly approved
- Provide all the required documents
- Complete your KYC
- The loan amount will be credited to your bank account in 24 hours
What are the features and benefits of Education Loans?
Here are some of the best features and benefits of choosing Airtel Flexi Credit for your education loans:
- The personal loan application procedure is 100% digital
- Your loan will be approved in just a few minutes
- Credit disbursal within just 24 hours
- Loan up to ₹9 lakhs
- Payable with easy EMIs
What is the interest rate of education loans?
At Airtel Flexi Credit, the rate of interest for personal loans starts from just 12%. These personal loans can be used however you want, and are provided without any collateral. As a result, the education loan interest rate also starts at 12%. Do remember that multiple other factors affect the rate of interest on a loan.
How to use the Educational Loan EMI Calculator?
Use the loan EMI calculator to have a better understanding of the loan offer that you are being provided. The calculator helps you understand how the principal, EMIs, and interest affect your monthly expenses. For better financial management and future planning, always use a loan EMI calculator.
List of Expenses Covered in Education Loan
Here are the expenses that will be covered by an education loan:
- Tuition fees
- Health insurance
- Additional study expenses
- Laboratory fees
- Travel expenses
- Visa
- Lodging
- Miscellaneous expenses
Eligibility Criteria to apply for Education Loans
There are no fixed eligibility criteria for applicants to apply for a loan from Airtel Flexi Credit. Just ensure that you provide the right information and the correct sets of documents so that the lender can assess your creditworthiness. After that, you will be provided with the best loan offer applicable to you.
Key Documents Required to Apply for Education Loans
Here are some of the documents that applicants need to provide to get a loan from Airtel Flexi Credit:
- PAN card details
- Aadhaar card details
- KYC documents
- Salary slip of the last 3 months
- Bank statement of the last 3 months
- A selfie of the applicant as proof
Fees and Charges for Education Loans
There are no extra fees or charges when you apply for a loan from Airtel Flexi Credit. However, you just have to pay the processing fee of the loan amount, which will cost between 2% to 5% of the entire loan amount + GST charges.
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