- [email protected]
- +91 9100969611, +91 9100123251
At VL FINPIN, we believe that no dream should be limited by finances. Our education loans are tailored to help students pursue their goals with ease. Whether it’s for tuition fees, study materials, or living expenses, we provide quick approvals, low interest rates, and flexible repayment options. Let us help you invest in your future and achieve academic success without financial worries.
Education loans are meant to cover the cost of tuition, books and supplies and living expenses which the borrower is pursuing a degree. An education loan is a type of financial aid that must be repaid. It is a sum of money borrowed to finance post-secondary education or higher education related expenses The lender will determine which courses are qualified for an education loan. An education loan may be obtained for courses beginning in
Nursery. You can acquire a loan for full-time or part-time courses, as well as loans for working professionals, for higher education.
Eligibility criteria vary by country and lender, but typically include factors like admission to an eligible program, citizenship or residency status, academic performance.
Course/Program Eligibility: Education loans are often tied to specific educational programs or courses. Lenders may have a list of eligible institutions and programs that qualify for loans
Admission Offer: Many lenders require proof of admission to an eligible educational institution before approving a loan application.
Age: Most lenders have a minimum and maximum age requirement for loan applicants. Typically, you need to be of legal age (18 or older) to apply for a loan
Co-borrower or Guarantor: If you have limited credit history or income, some lenders might require a co-borrower or guarantor (usually a parent or guardian) who will share the responsibility of repaying the
loan if you are unable to do so.
Credit History: Student’s as well as their co-borrower/guarantor’s credit history and credit score can play a significant role in determining your eligibility for an education loan. A good credit history can
improve your chances of approval and may lead to more favourable loan terms.
Income/Financial Ability: Some lenders may consider your ability to repay the loan based on your income or your co-borrower’s income.
Loan Amount: The loan amount you’re requesting in relation to the cost of the program might affect your eligibility. Lenders may have specific limits on the loan amount they are willing to offer.
Collateral or Security: In some cases, lenders might require collateral or security against the loan, especially for larger loan amounts. This could be in the form of property, investments, or other valuable assets
The interest you pay on your student loan can be deducted under Section 80E of the Income Tax Act of 1961. This advantage is only available to individual borrowers and is only offered for the purpose of higher education. The deduction is available to all fields of study, both domestically and internationally. It includes both vocational and academic courses.
It’s important to remember that the tax deduction only applies to the interest portion of the EMI, not the principle. There is, however, no limit to how many times you can claim this benefit. You’ll need a certificate from your bank or financial institution that separates the principal and interest components of your EMIS to qualify for this benefit. This benefit is accessible for 8 years from the day you started repaying your loan or until the interest component is paid off, whichever comes first.
Perform with Trust.
Our streamlined process ensures quick loan approvals, so you get the funds when you need them the most.
We offer repayment plans tailored to fit your needs and budget.
No hidden fees, no surprises—just clear terms and fair conditions
VLFINPIN Pvt. Ltd.
Empowering you with quick, flexible, and transparent financial solutions. We make accessing loans simple, fast, and stress-free, helping you navigate life’s challenges with confidence.