Apply For Education Loan Through Whizstorm
& Avail A Discount Upto INR 20,000!
Want to get an easy loan for your education either overseas or in India? Look no further because we at Whizstorm are guaranteed to provide you with an amazing service to procure your educational loan. We are happy to announce our strategic tie-up with numerous leading banks and other financial institutions to provide an easy educational loan to students who wish to pursue their studies either abroad or in India.
We are associated with numerous leading banks such as HDFC, ICICI, AXIS, Bank of Baroda, Union Bank and many other banks. We are also associated with numerous non-banking financial institutions as well. These non-banking financial institutions are Credila, Avanse, Incred, Auxilo and many more.
We at Whizstorm assess the student’s academic profile and family background to provide them with a perfect financial solution for their educational aspirations. We can help with educational loans ranging from 8 Lakhs to 80 Lakhs, depending upon the student’s requirement and profile i.e., customized specifically to your needs.
Some of the Important Features of the Education Loans are:
- Students can avail the education loan with or without mortgage/security.
- The Interest rate can range anywhere between 8% to 12%.
- Student Loans are readily available for Full-Time, Part-time programs offered by premier institutions in India & abroad.
- The processing charges can vary from 0.6% to 1% of the total loan amount. Whizstorm would ensure that these charges are applicable only after the Study Loan is sanctioned.
- The repayment moratorium period or holiday can range from 3 months to 12 months before you start repaying the loan.
- The Education Loan covers all significant expenses, including; Tuition Fees, Living Expenses, Books, Computers, Air tickets, Insurance & more.
Whizstorm appoints a dedicated Student Loan Advisor who would help the students choose the right financial institution and help complete the documentation to ensure timely sanction of the study loan.
Advantage of Applying for the Education Loan through Whizstorm:
- Priority processing by a dedicated Whizstorm Study Loan Advisor.
- Receive the loan approval in maximum 1 week, after submission of documents.
- Opportunity to get the Study Loan without mortgage / security!
- Get a pre-approval of educational loan even before you secure the Admission.
- Depending upon the overall profile, the student may be able to avail a discount that would range from INR 5,000 to INR 20,000.
- Whizstorm would do its best to get the right offer with the lowest interest rate, from multiple financial institutions.
Study Loan Documentation:
Following is the tentative list of documents required by the financial institutions, but not limited to the below. Additional documents may be required.
Student Loan Documents:
- SSC, HSC, All Degree Mark sheets
- Copy of Passport
- SAT, GRE, GMAT, TOEFL, IELTS Score cards
- Admission Letters / I-20 / CAS
- PAN, AADHAR Card
- Joining Letter & Salary Slips (For working candidates)
- Address Proof(s)
- Details of Savings: PF, PPF, Bonds, Shares, Mutual Funds, LIC, Post Office, Gold etc. (if applicable)
Guarantor / Co-Applicant's Documents:
- All KYC Documents: PAN, AADHAR, Passport etc.
- Address Proof(s)
Details of Employment:
- Last 3 months Salary slips
- Last 3 Years Income Tax Returns
- Salary Account Statement of 6 months
- Existing Loan Details (if applicable)
- Details of Savings: PF, PPF, Bonds, Shares, Mutual Funds, LIC, Post Office, Gold etc. (as applicable)
- All Immovable Property Documents (if the loan is to be done with mortgage scheme)