Aditya Birla Finance Education Loan

Aditya Birla Finance offers education loans at 10.99% interest. Apply online in minutes and get fast, reliable support when you need it most.

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This is one of the first steps of getting your education loan process started is to submit the documents and initiate your process, and there are a few specific documents you will need to submit to Aditya Birla Finance. Basic Identity/ Address proof documents:- Pan card Aadhar card Passport Driving license Education loan if the co-applicant is a Salaried Individual:- 6 months bank statement Salary Slip for the latest 3 months Latest 2 years ITR Form 16 of past 2 years Bank KYC documents Education loan if co-applicant is Self Employed Individual:- Business registration certificate GST number Latest 2 years ITR Balance sheet with Profit and loss account TDS certificate (form 16A) Tax challans for Income declared in ITR Clearance certificate or IT assessment Moreover, these are the basic documents for all profiles, but at the bank, you might need to submit some extra documents according to your profile. We make education abroad financing simple. Request a callback for a tailored document checklist. Request a Callback

Aditya Birla Finance provides you with a tenure period of 7 years to repay the loan amount. And you can pay it early too in case you want to save on the interest amount, but you might be charged a pre-closure fee of around 1-3% depending on your loan profile. For example:- A Student has taken an unsecured (non-collateral) education loan of 30 lacs at an interest rate of 12% and planned on repaying it in 10 years, then this is the repayment schedule for them. Repayment cycle EMIl Interest portion Principal portion Loan Outstanding Start of loan EMI 42897 24507 18390 3441407 End of year 1 42897 23022 19874 3230318 End of Year 2 42897 21265 21631 2980555 End of Year 3 42897 19353 23543 2708715 End of Year 4 42897 17273 25624 2412847 End of Year 5 42897 15008 27889 2090828 End of Year 6 42897 12542 30354 1740344 End of Year 7 42897 9859 33037 1358881 End of Year 8 42897 6939 35957 943700 End of Year 9 42897 3761 39136 491821 End of Year 10 42897 302 42595 0 In case you choose to repay it earlier, you can opt for any of the following Strategies:- Considering transferring your education loan Opting for shorter repayment periods (as done in the above exam

If you are looking to apply for an education loan from Aditya Birla Education Loan interested in starting your application process, then here are two ways you can approach the application process. You can apply for the education loan in offline and online methods. Go through the steps of both mentioned below and choose the one best for you. By going through the pros and cons of each of the processes.