Features and Benefits of MoneyTap’s Line of Credit as a Personal Education Loan:

Instant approval in real-time on a credit line of up to ₹ 5 Lakh

Choose to withdraw as little as ₹ 3,000 or as high as your approved limit depending on your financial needs

Pay interest only on the amount you use and not on the amount approved

Withdraw 100% cash or rack up reward points by using your MoneyTap credit card

Repay in flexible EMI’s while choosing a convenient payment period anywhere in between 2 to 36 months

You are only required to submit your proof of address and proof of identity to get started

Eligibility
Criteria

  1. Must be a full-time salaried employee with a take-home salary of ₹ 20,000/month
    OR
    Must be a self-employed professional with an income of at least ₹ 20,000/month

    (Only certain professionals like doctors, lawyers, or business owners qualify)

  2. Must be above 23 years and below 55 years of age
  3. Must be a resident of one of the following cities:

    Ahmedabad, Anand, Bangalore, Chennai, Chandigarh, Delhi, Gandhinagar, Hyderabad, Indore, Jaipur, Mumbai, Mohali, NCR, Panchkula, Pune, Secunderabad, Vadodara, Vijayawada, Vizag, Surat, Coiambatore, Rajkot

Reasons Why You’re Here:

  • Come from a middle-class family and want to fund your child’s education
  • Pay your child’s fees without any last-minute hassles
  • Fund your child’s education abroad
  • Pay your child’s college fees and other additional expenses
  • Meet the expenses related to your child’s education, such as tuition fees, living expenses, books, uniforms
  • Upgrade your job skills with an advanced course
  • Want to pursue advanced degrees or higher education at colleges across the country
  • Want to pay off a student loan debt

Rather than compromising on the university and the educational program, all you need is an education loan to fund your child’s education and save your savings for later. This way you won’t be cash-strapped and your child will be able to complete his or her education without any monetary hindrances.

Tips to Use a Personal Education Loan Responsibly:

  • If borrowing for higher education, look at your career options wisely and the possibilities after your course is complete, and if you would be able to land a job to pay off the loan.
  • Calculate your budget and the loan amount you require at a given period of time.
  • For parents, who haven’t saved enough for their kids’ education, plan for the repayment of the loan with EMIs that do not disturb your monthly expenses.

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FREE!

With MoneyTap’s line of credit you will have money available instantly 24x7 to use anytime, anywhere. Click below to experience its power.

Different Ways to Use MoneyTap’s Personal Loan 2.0