7 reasons why you should opt for a personal loan in Kolkata to fund your online educational courses to upskill yourselves


With the cost of education rising every year, it has become difficult for students in the city of Joy, Kolkata to take care of their education expenses. Additionally, getting a degree from a reputed college in Kolkata exposes one to acquire high paying jobs and also helps in building confidence and getting international exposure.

While getting a degree from a top college does offer one good benefits, it also requires one to spend lakhs of rupees to get admission in the same. For students who cannot afford to spend a hefty amount at one go can opt for a personal loan to fund their education expenses. However, today with digital advancement one can also register himself for an online course instead of relocating or having to attend college every day. Read this article to understand the reasons why you should opt for a personal loan in Kolkata to fund your online educational courses.Personal Loan


What is a personal loan?


A personal loan is a form of unsecured credit that can be availed by any salaried or self-employed professional in Kolkata. This type of loan is offered based on your credit eligibility i.e. your credit score, age, income, employment status, location and others. This means a personal loan for education up to Rs. 2 lakhs without having to pledge any of your assets as collateral to the lender. Lenders in India have now started offering loans online that further makes it simple for you to get the loan in just a few clicks. 


Reasons to get a personal loan in Kolkata to fund your education expenses


The rising cost of education:  Studying in a well-known institute or registering for an online course in India, not a cheap affair. Parents or students in India have to spend their life long savings to get a degree from a top college. Additionally, the fee structure varies from college to college and course to course and also changes every year. At such times, students with high ambition have no other option but to opt for a loan to take care of their education expenses.


No worry of providing any collateral: Personal loan for education in Kolkata is collateral-free i.e. you don’t have to pledge any of your assets like car, house, stocks or even jewellery to get the loan amount. You can instead get the loan solely on the basis of your eligibility which is one of the primary benefits of this loan type.


Minimum documentation: In comparison to an education loan, getting a personal loan does not require you to go through any lengthy documentation process. Simply submitting basic KYC and income documents can help you avail the loan amount instantly that can further enable you to plan your education expenses accordingly. The documents required include one identity proof, one address proof, bank statement and salary slip. These documents can be uploaded online without having to submit them physically or go through any paperwork.


Use the loan amount for different education expenses: You can use the personal loan amount for funding all your education-related expenses such as buying books, paying tuition fees, paying admission fees or even buying a laptop or computer to study the online course. The loan amount can also be utilized for catering to living expenses like paying rent or taking care of food costs.


Gives peace of mind: Instead of worrying about paying the college admission fee or even the online course fee, a personal loan in Kolkata comes to rescue to help you take care of any education-related expenses on time. With a loan amount up to Rs. 2 lakhs, you can stay relaxed without having to take any financial stress.


Affordable rate of interest: If you believe that this type of loan would attract a high interest-rate due to its instant availability, then you are highly mistaken. It is important to know that interest rate for this type of loan is decided on the basis of your credit score and eligibility. Having a low credit score attracts a high-interest rate and, in some cases, can even lead to loan rejection.


Flexible tenure: You can get a loan up to Rs. 40 lakhs for a tenure of up to 5 years which allows you to pay minimal monthly EMI from your monthly budget plan. The loan amount and the tenure offered may vary from lender to lender. A long tenure generally attracts less EMI, whereas a short tenure attracts a high EMI. On the other hand, long tenure attracts a high rate of interest, whereas short tenure attracts a low-interest rate.



You can apply for personal loan in Kolkata now in a convenient way from Online lenders using their personal loan app. Thus, with a personal loan for education, you can easily cater to your education expenses without having to worry about the availability of funds.