Fullerton India Education Loan

• Hassle-free loan application process
• Competitive interest rates
• No prepayment charges
• Loan disbursement directly to the educational institution
• Flexible repayment tenure of up to 15 years
• No collateral required for loans up to Rs. 7.5 lakhs

• Loan amount ranges from Rs. 1 lakh to Rs. 50 lakhs
• Competitive interest rates
• Flexible repayment tenure of up to 15 years
• No collateral required for loans up to Rs. 7.5 lakhs
• No prepayment charges
• Loan disbursement directly to the educational institution

• Completed application form
• Identity proof
• Address proof
• Admission letter from the institution
• Academic records of the applicant
• Income proof of the co-applicant

1.What is an education loan? 

An education loan is a type of loan that provides financial assistance to students who wish to pursue higher education, including undergraduate and postgraduate courses in India or abroad. The loan covers tuition fees, accommodation expenses, and other related expenses.

2.What are the eligibility criteria for an education loan from Fullerton India? 

The eligibility criteria for an education loan from Fullerton India may vary depending on the type of loan, but generally, the applicant must be an Indian citizen, have secured admission to a recognized institution, and meet the lender's credit requirements.

3.What is the maximum loan amount that I can get from Fullerton India? 

The maximum loan amount that you can get from Fullerton India may vary depending on the type of loan, the course you are pursuing, and your repayment capacity. Generally, the lender offers education loans up to Rs. 20 lakhs for studies abroad and up to Rs. 10 lakhs for studies in India.

4.What is the interest rate charged on education loans by Fullerton India? 

The interest rate charged on education loans by Fullerton India may vary depending on various factors, including the type of loan, loan amount, repayment tenure, and credit profile of the borrower. Generally, the interest rate ranges from 11.99% to 16%.

5.Do I need to provide any collateral to get an education loan from Fullerton India?

The requirement of collateral may vary depending on the type of loan, loan amount, and credit profile of the borrower. Generally, for loans up to Rs. 7.5 lakhs, no collateral is required. For loans above Rs. 7.5 lakhs, collateral is required.

6.Can I prepay the education loan from Fullerton India before the end of the loan tenure? 

Yes, you can prepay the education loan from Fullerton India before the end of the loan tenure. However, prepayment charges may apply, depending on the terms and conditions of the loan agreement.

7.How can I apply for an education loan from Fullerton India? 

You can apply for an education loan from Fullerton India online or offline. To apply online, visit the lender's official website and fill in the application form. To apply offline, visit the nearest branch of Fullerton India and submit the application form along with the required documents.

8.What are the documents required to apply for an education loan from Fullerton India? 

The documents required to apply for an education loan from Fullerton India may vary depending on the type of loan, but generally, the following documents are required: proof of identity, proof of address, proof of income, academic documents, admission letter, and fee structure.