VISA AND FLIGHTS
In addition to the expense of applying to college, the cost of a visa, insurance, and a flight ticket can add up to much money. Because there are no end-use limitations, you can use a loan against property to pay for similar costs.
ELECTIVE COURSES
Most likely, education loans will only cover the cost of tuition. But you should not worry about the extra money if your child wants to take an elective course for extra credits.
LIVING EXPENSES
Besides rent, you must pay for things like food, transportation, phone bills, and internet. These can cost you a huge amount of money. Most of the time, a student loan will not cover these large costs, so you will need to obtain additional finance options.
COURSE MATERIAL
During your course, you may need study materials, equipment, gadgets, special software, and other similar things. Most of the time, these costs are not planned for and can happen at any time. So, if you want to give your child the best education, you should opt for a loan against property that has no end-use restrictions.
Frequently asked questions
If you are a salaried individual, you can apply for a loan against property, if you meet our eligibility criteria. Your age, employment status and city of residence are some of the key criteria taken into consideration.
A salaried Indian citizen between the age group of 10 years to 95 years, years is eligible to apply. Other factors like your income profile, your CIBIL Score, etc. are also considered during the approval process.
*Terms and conditions apply.
Loan against property is a secured loan in which you mortgage your property to a lender in exchange for an amount to cover your expenses. Several factors influence the final loan amount, including the individual's profile and repayment capacity, the property's valuation, and the lender's loan-to-value ratio.
You can repay the borrowed sum over a convenient repayment tenure of up to 15 years.
The CIBIL Score is an important indicator of your creditworthiness. To get a loan against property, it is preferable to maintain a CIBIL Score of 700 or higher.
