{"id":775263,"date":"2023-06-14T16:06:32","date_gmt":"2023-06-14T10:36:32","guid":{"rendered":"https:\/\/leverageedu.com\/discover\/?p=775263"},"modified":"2023-06-14T16:06:32","modified_gmt":"2023-06-14T10:36:32","slug":"which-is-the-fastest-education-loan-in-india","status":"publish","type":"post","link":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/","title":{"rendered":"Which is the Fastest Education Loan in India?"},"content":{"rendered":"\n<p>Education loan in India is a great way for students to finance their education.\u00a0 The best <a href=\"https:\/\/leverageedu.com\/blog\/category\/education-loan\/\"><strong>education loan in India<\/strong><\/a> covers a wide range of expenses such as tuition fees, living expenses, health insurance, travel expenses to a new country, and other academic expenses. However, taking an education loan can be a time-consuming process. As a result, if you are in urgent need it is best to choose banks that offer quick education loans. In such a scenario, the easiest education loan in India is provided by the Bank of Baroda. It only takes 15 days of processing time for loan applications. <br><\/p>\n\n\n\n<p>Keep reading to know more about the fastest education loan in India i.e. Bank of Baroda along with its education loan eligibility criteria, documents required, and the fastest education loan provided by the bank.\u00a0\u00a0<\/p>\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\">Bank of Baroda Education Loans&nbsp;<\/h2>\n\n\n\n<p><strong>Bank of Baroda<\/strong> provides several educational loan schemes for India and for abroad. Below is the list of the Bank of Baroda education loans.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background\"><tbody><tr><td><strong>Education Loan&nbsp;<\/strong><\/td><td><strong>Tenure&nbsp;<\/strong><\/td><td><strong>Loan Amount (in INR)<\/strong><\/td><\/tr><tr><td>Baroda Vidhya<\/td><td>Payable after 12 months<\/td><td>INR 4 lakh<\/td><\/tr><tr><td>Baroda Gyan&nbsp;<\/td><td>10 -15 years<\/td><td>INR 125 lakh<\/td><\/tr><tr><td>Baroda Scholar&nbsp;<\/td><td>10 -15 years<\/td><td>INR 150 lakh<\/td><\/tr><tr><td>Baroda education loan for students of premier Institutions&nbsp;<\/td><td>10 -15 years<\/td><td>INR 80 lakh<\/td><\/tr><tr><td>Skill Loan Scheme<\/td><td>7 years<\/td><td>INR 1.50 lakh<\/td><\/tr><tr><td>Baroda Education Loan for EDP being offered by premier Institutions in India<\/td><td>10 -15 years<\/td><td>INR 20 lakh<\/td><\/tr><tr><td>Baroda Education Loan for EDP being offered by premier Institutions for abroad<\/td><td>NA<\/td><td>INR 80 lakh<\/td><\/tr><tr><td>Higher education and skill development guarantee scheme for pursuing higher education in Delhi<\/td><td>15 years<\/td><td>INR 10 lakh<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Baroda Vidya Education Loan<\/h3>\n\n\n\n<p>Baroda Vidhya Education loan is a loan provided by the Bank of Baroda for school students.&nbsp; That is, from nursery to 12th standard. The maximum amount of loan that can be taken under this scheme is INR 4 lakh. The amount is repayable in 12 months in 12 instalments.&nbsp; The rate of interest for this loan is 12.20%. Parents of students from the class 1-12th standard can apply for this loan. The loan is provided for the student&#8217;s recognized schools including an evening institution.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Baroda Gyan&nbsp;<\/h3>\n\n\n\n<p>Baroda Gyan education loan is given to parents of an Indian student pursuing graduate, postgraduate, and other professional courses. Baroda Gyan education loan has no processing fee up to INR 7 lakh. There are no paperwork charges and no margin on loans up to INR 4 lakh. Baroda Gyan covers graduation courses such as BA, B.com, and B.SC, Masters, and PhD courses. Loans are also approved for professional degrees like<a href=\"https:\/\/leverageedu.com\/blog\/category\/medicine\/\"><strong> medical<\/strong><\/a><strong>, <\/strong><strong>engineering,<\/strong><strong> <\/strong><strong>agriculture<\/strong><strong>, <\/strong><a href=\"https:\/\/leverageedu.com\/blog\/category\/law\/\"><strong>law,<\/strong><\/a> and other courses. Students wanting to study management courses such as <strong>hotel management,<\/strong><strong> <\/strong><strong>mass communication<\/strong><strong>, <\/strong>and<strong> <\/strong><a href=\"https:\/\/www.empoweryouth.com\/skill-up\/detail\/basic-computer-courses-list-that-you-should-know-about-leverage-edu-951082\"><strong>computer certificate<\/strong><\/a> courses are also eligible for the Baroda Gyan scheme. The Baroda Gyan education loan interest rate is between 10.75% to 10.85%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Baroda Scholar&nbsp;<\/h3>\n\n\n\n<p>Baroda Scholar is the Bank of Baroda education loan for abroad. The loan is provided to students who are already accepted in a recognized university for courses such as MBA, MCA, MS, and other approved courses that make it easier to get a job. The Baroda Scholar requires no processing charges for loans up to INR 7.50 lakh.&nbsp; Students will also receive a free debit card. No margin is there for loans up to INR 4 lakh. The interest rate for premier institutions is 10.10% and for non-premier institutions, it is 10.85%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Baroda Education Loan for Students of Premier Institutions<\/h3>\n\n\n\n<p>This loan is given to students who want to pursue executive development programs abroad. Before applying the student should have secured a loan for the same.&nbsp; The program can be part-time, online, or distance learning.&nbsp; Another condition for the loan is that the student should be employed during the period of study. The interest rate of the INR 7.5 lakh loan is 10.85% and for above INR 7.5, lakh is 11.2%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Skill Loan Scheme&nbsp;<\/h3>\n\n\n\n<p>This loan is provided to students who want to study technical courses at training institutions, polytechnics, and other institutions. The repayment period is dependent upon the loan amount.\u00a0 No minimum age is set for the skill loan scheme.\u00a0 The interest rate is BRLLR + 1.50%.\u00a0 For women, there is a 0.50% reduction in interest rate.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Baroda Education Loan for EDP being offered by premier Institutions in India<\/h3>\n\n\n\n<p>The Baroda education loan is given to Indian students who have secured admission to a premier institution in India. Students who apply for the loan have to be from a premier institution and should have been employed during the period of study. The interest rate for&nbsp; AA and A institutes is 8.85%. The interest rate for B and C institutes is 9.70%- 9.90%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Baroda Education Loan for EDP being offered by premier Institutions abroad<\/h3>\n\n\n\n<p>This loan can be availed by students to <a href=\"https:\/\/leverageedu.com\/universities\/top\/universities\/\">study abroad<\/a> for executive development programs. For the loans, the students require admission to the university of their choice and have to be employed. The interest rate charges for loans up to INR&nbsp; 7.5 lakh&nbsp; 10.85%&nbsp; and above INR 7.5 lakh 11.20%.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi<\/h3>\n\n\n\n<p>The higher education and <a href=\"https:\/\/leverageedu.com\/blog\/skill-development-courses\/\"><strong>skill development<\/strong> <\/a>guarantee scheme is a Bank of Baroda education loan without collateral. The loan can be attained by students of all backgrounds who have completed their 10th and 12th education from Delhi. Collateral is not required for the same. It is an education loan by the government. The loan is available for all diploma, technical and skill development, and degree courses from government institutions such as the University of Delhi.<\/p>\n\n\n\n<p>Students studying in a NAAC-accredited private institution can also apply for a loan. The interest rate for the loan up to INR 7.5 lakh is BRLLR+2.00% and for above 7.5 lakh, it is BRLLR +1.75% p.a.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Interest Rates<\/h2>\n\n\n\n<p>The Bank of Baroda education loan interest rate based on the education schemes is as follows.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background\"><tbody><tr><td>Education Loan&nbsp;<\/td><td>Interest Rates<\/td><\/tr><tr><td>Baroda Vidhya<\/td><td>12.20%<\/td><\/tr><tr><td>Baroda Gyan&nbsp;<\/td><td>10.75% to 10.85%<\/td><\/tr><tr><td>Baroda Scholar&nbsp;<\/td><td>10.10% (premier institutions) 10.85&nbsp; (for non-premier institutions)&nbsp;<\/td><\/tr><tr><td>Baroda education loan for students of premier Institutions&nbsp;<\/td><td>Loans up to INR 7.5 lakh &#8211; 10.85%,&nbsp;Loans more than INR 7.5 lakh-11.2%.<\/td><\/tr><tr><td>Skill Loan Scheme<\/td><td>Baroda Education Loan for EDP being offered by premier Institutions abroad<\/td><\/tr><tr><td>Baroda Education Loan for EDP being offered by premier Institutions in India<\/td><td>For top universities-8.85%For B and C grade universities- 9.70%- 9.90%.<\/td><\/tr><tr><td>Baroda Education Loan for EDP being offered by premier Institutions for abroad<\/td><td>For loans up to INR&nbsp; 7.5 lakh -10.85%&nbsp;For loans above 7.5 lakh -11.20%.&nbsp;<\/td><\/tr><tr><td>Higher education and skill development guarantee scheme for pursuing higher education in Delhi<\/td><td>For loans up to INR&nbsp; 7.5 lakh -BRLLR+2.00%For loans above 7.5 lakh- BRLLR +1.75% p.a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Documents Required<\/h2>\n\n\n\n<p>Below is the <a href=\"https:\/\/leverageedu.com\/blog\/web-stories\/bank-of-baroda-education-loan\/\"><strong>Bank of Baroda<\/strong><\/a> education <strong>loan documents<\/strong> required. These documents are mandatory to be presented at the bank for the loan application process.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>KYC of the loan applicant and the co-applicant&nbsp;<\/li>\n\n\n\n<li>Academic transcripts and the proof of admission<\/li>\n\n\n\n<li>Results of the entrance examination, if applicable&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/leverageedu.com\/cost-of-living-calculator\/\"><strong>Cost of study<\/strong><\/a> statement\/ schedule of all the study expenses incurred<\/li>\n\n\n\n<li>Income proof of the co-applicant, if applicable<\/li>\n\n\n\n<li>Last 6 months&#8217; bank statements<\/li>\n\n\n\n<li>Property documents if applicable<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">FAQs<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1686738844369\"><strong class=\"schema-faq-question\"><strong>Q1. What are the eligibility criteria for an education loan in the Bank of Baroda?<\/strong><\/strong> <p class=\"schema-faq-answer\">Ans. Students can apply for an education loan with a co-applicant. The co-applicant can be a parent or spouse. A guarantee is required in terms of a loan amount greater than INR 4 lakh. Collateral is also required for a high amount like INR 7.5 lakh.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1686738868783\"><strong class=\"schema-faq-question\"><strong>Q2. Which Bank gives education loans fast?<\/strong><\/strong> <p class=\"schema-faq-answer\">Ans. Bank of Baroda and HDFC bank gives education loan within 15 days. Hence, these are the fastest education loans you can get in India.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1686738885013\"><strong class=\"schema-faq-question\"><strong>Q3. Is Education Loan Interest-Free?<\/strong><\/strong> <p class=\"schema-faq-answer\">Ans. No education loans are not interest-free.<\/p> <\/div> <\/div>\n\n\n\n<p>The fastest education loan in India is provided by the Bank of Baroda. The loan is processed in the Bank of Baroda within 15 days. Need help with <a href=\"https:\/\/leverageedu.com\/\"><strong>study abroad<\/strong><\/a> admissions? Call us at 1800 572 000 and book our free 30-minute counselling session today.<\/p>\n","protected":false},"excerpt":{"rendered":"Education loan in India is a great way for students to finance their education.\u00a0 The best education loan&hellip;\n","protected":false},"author":73,"featured_media":775264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"categories":[366],"tags":[],"class_list":{"0":"post-775263","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-indian-education-loans"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Which is the Fastest Education Loan in India? - Leverage Edu Discover<\/title>\n<meta name=\"description\" content=\"Here are all details regarding the fastest education loan in India including its eligibility criteria, interest rates, documents and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which is the Fastest Education Loan in India?\" \/>\n<meta property=\"og:description\" content=\"Here are all details regarding the fastest education loan in India including its eligibility criteria, interest rates, documents and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Leverage Edu Discover\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-14T10:36:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/06\/13111818\/admin-ajax-2.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Blessy George\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Blessy George\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which is the Fastest Education Loan in India? - Leverage Edu Discover","description":"Here are all details regarding the fastest education loan in India including its eligibility criteria, interest rates, documents and more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/","og_locale":"en_US","og_type":"article","og_title":"Which is the Fastest Education Loan in India?","og_description":"Here are all details regarding the fastest education loan in India including its eligibility criteria, interest rates, documents and more.","og_url":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/","og_site_name":"Leverage Edu Discover","article_published_time":"2023-06-14T10:36:32+00:00","og_image":[{"width":400,"height":250,"url":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/06\/13111818\/admin-ajax-2.jpeg","type":"image\/jpeg"}],"author":"Blessy George","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Blessy George","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#article","isPartOf":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/"},"author":{"name":"Blessy George","@id":"https:\/\/leverageedu.com\/discover\/#\/schema\/person\/f85f5ec97fae2dc077ebceee1fc4b85b"},"headline":"Which is the Fastest Education Loan in India?","datePublished":"2023-06-14T10:36:32+00:00","mainEntityOfPage":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/"},"wordCount":1330,"commentCount":0,"image":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#primaryimage"},"thumbnailUrl":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/06\/13111818\/admin-ajax-2.jpeg","articleSection":["Education Loans to Study in India"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#respond"]}]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/","url":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/","name":"Which is the Fastest Education Loan in India? - Leverage Edu Discover","isPartOf":{"@id":"https:\/\/leverageedu.com\/discover\/#website"},"primaryImageOfPage":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#primaryimage"},"image":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#primaryimage"},"thumbnailUrl":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/06\/13111818\/admin-ajax-2.jpeg","datePublished":"2023-06-14T10:36:32+00:00","author":{"@id":"https:\/\/leverageedu.com\/discover\/#\/schema\/person\/f85f5ec97fae2dc077ebceee1fc4b85b"},"description":"Here are all details regarding the fastest education loan in India including its eligibility criteria, interest rates, documents and more.","breadcrumb":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#faq-question-1686738844369"},{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#faq-question-1686738868783"},{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#faq-question-1686738885013"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#primaryimage","url":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/06\/13111818\/admin-ajax-2.jpeg","contentUrl":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/06\/13111818\/admin-ajax-2.jpeg","width":400,"height":250,"caption":"Fastest Education Loans in India"},{"@type":"BreadcrumbList","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leverageedu.com\/discover\/"},{"@type":"ListItem","position":2,"name":"Which is the Fastest Education Loan in India?"}]},{"@type":"WebSite","@id":"https:\/\/leverageedu.com\/discover\/#website","url":"https:\/\/leverageedu.com\/discover\/","name":"Leverage Edu Discover","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leverageedu.com\/discover\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/leverageedu.com\/discover\/#\/schema\/person\/f85f5ec97fae2dc077ebceee1fc4b85b","name":"Blessy George","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/58125eac422849e27bb1a73030a1c9346ee4b8a5c99b928ace3c5736451c43b4?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/58125eac422849e27bb1a73030a1c9346ee4b8a5c99b928ace3c5736451c43b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/58125eac422849e27bb1a73030a1c9346ee4b8a5c99b928ace3c5736451c43b4?s=96&d=mm&r=g","caption":"Blessy George"},"description":"Blessy George is a Content Marketing Associate at Leverage Edu, boasting over a year of experience in the industry. Her expertise lies in crafting compelling content tailored to online courses, making her a go-to source for those navigating the vast landscape of digital learning. In addition to online classes, she writes content related to study abroad, English test preparation and visas. She has completed her MA degree in Political Science and has gained valuable experience as an intern .She is known for her extensive writing on various aspects of international education, garnering recognition for her insights and contributions. Apart from her professional pursuits, Blessy is passionate about creative writing, particularly poetry and songwriting.","sameAs":["https:\/\/www.linkedin.com\/in\/blessy-george-41bb7123b"],"url":"https:\/\/leverageedu.com\/discover\/author\/blessy\/"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#faq-question-1686738844369","position":1,"url":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#faq-question-1686738844369","name":"Q1. What are the eligibility criteria for an education loan in the Bank of Baroda?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Ans. Students can apply for an education loan with a co-applicant. The co-applicant can be a parent or spouse. A guarantee is required in terms of a loan amount greater than INR 4 lakh. Collateral is also required for a high amount like INR 7.5 lakh.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#faq-question-1686738868783","position":2,"url":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#faq-question-1686738868783","name":"Q2. Which Bank gives education loans fast?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Ans. Bank of Baroda and HDFC bank gives education loan within 15 days. Hence, these are the fastest education loans you can get in India.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#faq-question-1686738885013","position":3,"url":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/which-is-the-fastest-education-loan-in-india\/#faq-question-1686738885013","name":"Q3. Is Education Loan Interest-Free?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Ans. No education loans are not interest-free.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"acf":[],"_links":{"self":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/posts\/775263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/users\/73"}],"replies":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/comments?post=775263"}],"version-history":[{"count":0,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/posts\/775263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/media\/775264"}],"wp:attachment":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/media?parent=775263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/categories?post=775263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/tags?post=775263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}