Home Credit India is a leading non-banking financial company that offers a range of financial products and services in India, including education loans. The education loan offered by Home Credit is designed to provide financial assistance to students who wish to pursue higher education in India or abroad.
Home Credit's education loan covers various expenses related to education, such as tuition fees, living expenses, travel expenses, purchase of books and equipment, and other related expenses. The loan can be availed by Indian nationals who have secured admission to a recognized institution for pursuing undergraduate, postgraduate, or professional courses.
1.Who is eligible for Home Credit's education loan?
Indian nationals who have secured admission to a recognized university/institution in India or abroad are eligible for Home Credit's education loan. The applicant should be between 18 and 40 years of age and have a co-applicant/guarantor who can provide collateral security.
2.What is the maximum loan amount offered by Home Credit?
Home Credit offers education loans starting from Rs. 1 lakh up to Rs. 10 lakhs, depending on the course, institution, and other factors.
3.What expenses are covered by Home Credit's education loan?
Home Credit's education loan covers tuition fees, hostel/mess charges, books, equipment, and other related expenses.
4.What is the repayment tenure for Home Credit's education loan?
Home Credit offers a repayment tenure of up to 5 years, with flexible repayment options through EMIs.
5.What is the interest rate offered by Home Credit for education loans?
Home Credit offers education loans at competitive interest rates, with the option to choose between fixed or floating rates.
6.Do I need to provide collateral security for Home Credit's education loan?
Yes, Home Credit requires collateral security in the form of property or other assets, along with a co-applicant/guarantor.
7.What is the application process for Home Credit's education loan?
The application process for Home Credit's education loan involves submitting the necessary documents and filling out the application form online or at a Home Credit branch. After verification, the loan is disbursed directly to the institution or student's account.