Instant Education Loan for Students at Low Interest Rates

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Personal Loan for Education Expenses

Quality education is the key to a successful future! However, the specialized courses offered by leading universities can burn a hole in your pocket.

But, with freo you can get financial aid in the form of a personal loan to use as an education loan and focus on your studies and career. In addition to the regular education expenses, you will be able to take care of other regular costs while you're studying with your freo credit line.

Apply now

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Features and Benefits of Freo Personal Loan 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 Freo credit card.

Repay in flexible EMIs 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.

Someone like you is happy with Freo

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

Eligibility Criteria

Must be a full-time salaried employee with a minimum take-home salary of ₹30,000/month

or

Must be a self-employed professional with an income of at least ₹30,000/month.

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

Must be above 23 years and below 55 years of age

Must be a resident of one of the following cities:

Required Documents

Pan Card Number

Professional Selfie

To be taken on the Freo App

Address Proof

Valid Driving License / Valid Passport / Aadhar Card

ID Proof

Valid Driving License / Valid Passport / Voter’s ID / Aadhar Card / Pan Card

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
Need financial aid to 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 money in the savings account 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 you may have after your course is complete, and judge if you would be able to get 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.