School College Funding

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Overview

School and College Funding: Invest in Education

School and College Funding is designed to help students and their families finance education expenses, from tuition fees to living costs. At PJ MONEY POWER, we believe that quality education should be accessible to everyone, and our funding options are tailored to meet your specific needs.

Whether you are looking to fund a school education, college tuition, or vocational training, our flexible repayment options and competitive interest rates make it easier to achieve your educational goals. Our dedicated team will assist you at every step, ensuring that you can focus on learning while we handle the financing.

School and College Funding Details

  • Loan Type: Education Funding
  • Loan Amount: Up to 100% of tuition fees
  • Interest Rate: Starting from 10%*
  • Loan Tenure: 1 to 10 years
  • Collateral: Minimal or none (depends on the amount)
  • Loan Feature: Quick disbursal, flexible repayment options

  • Apply Now
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Documents Required for School and College Funding

To ensure a smooth application process, please prepare the following documents:

  • Proof of identity (Aadhaar, Passport, etc.)
  • Admission letter from the educational institution
  • Proof of income (salary slips, bank statements)
  • Course details and fee structure

Our Lending Partners

ICICI Bank Federal Bank SBI Canara Bank Yes Bank Kotak Mahindra Bank IDFC First Bank Karur Vysya Bank Indian Overseas Bank HDFC Bank

School and College Funding FAQs

Frequently Asked Questions

A: A School and College Funding Loan is designed to cover educational expenses, such as Tuition fees, Accommodation, Books, and other related costs for school or college students. Eligible applicants include Parents or Guardians of students, as well as students themselves if they are above 18 years old. Eligibility often depends on the student’s academic performance and the Applicant’s Income and Credit history

A: Commonly required documents include identity proof (Aadhaar, PAN, Passport), Address proof, Income proof of the applicant (Salary slips, Bank statements, Income Tax Returns), admission proof from the Educational Institution, Fee structure of the course, and recent photographs. Banks may also ask for academic records and a completed application form.

A: Loan amounts typically depend on the course’s fee structure, the reputation of the educational institution, and the borrower’s financial background. Most Banks finance up to 85%-100% of the Educational expenses for reputable institutions. Some Banks may set a maximum limit, especially for higher education abroad, which varies depending on the Bank.

A: Interest rates for Education loans usually range from 8% to 14% per annum. Some Banks offer concessional rates for female students or those enrolled in premier institutions. Additionally, some Banks provide Interest rate discounts if repayment is made during the course period. It’s advisable to check for any specific offers or reduced rates with the Bank.

A: Repayment typically starts after a moratorium period, which is usually the course duration plus 6-12 months. Loan tenures can range from 5 to 15 years, allowing flexibility in repayment. Borrowers can also opt to pay interest during the study period to reduce the financial burden post-graduation. Some Banks may permit partial or full prepayment without penalties.

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Contact

pjmoneypower@gmail.com

+91 99442 64799

About Us

PJ MONEY POWER is your trusted partner for all your financial needs. From personal to business loans, we offer a wide range of solutions to support your financial goals.

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