Wondering whether you’re eligible for an DiFin Education loan? You’ve come to the right place for new and fastest way for getting finance for your education in a few simple steps. Each of our loan products has its own eligibility requirements, so choose a loan type to see what we look for. Please note that while certain criteria determine only your eligibility, other factors are considered strong predictors of approval based on our Artificial intelligence and Data Analytics Credit Assessment model.

Career Training Loans

 

Eligibility Criteria

Personal

  • Your Minimum age must be 18 years
  • You should be citizen of India and residing in India only.
  • You must be working professional or Self Employed
  • You should have completed graduation or any diploma holder (Diploma should be completed post XIIth Standard).
  • You are applying loan for any part-time or e-learning course leading to charter, degree, diploma and certification

 

Financial

  • You should have good credit score.
  • You must be either employed or selfl employed professional and possess consistent income(in INR)
  • You don’t have a bankruptcy on your credit report or accounts recently in collection.

 

Documentation

  • Complete Online application form on DiFin.in
  • Letter of admission from Institution and FEE Structure, if received
  • Your PAN and Aadhar Card details
  • One ID Proof (Driving Licenses, Passport, Voter ID) of yours.
  • Graduation Degree Certificate may be applicable.
  • Your 3 Month Salary Slips and Last 6 Month Bank Statement of Salary Account.
  • Present and Permanent Address Proof.
  • Form 16 or ITR may be applicable.

 

If you have more questions, you can contact us or email at care@difin.in

 

Factors for Faster Approval

  • You should have excellent or good academic record in past.

  • You spend less than you earn and have increasing bank account balances.

  • You don’t carry large amount of debt(Personal loans, Credit Card, House Loans)

  • You have history of making payments on time

  • You are not regularly charged late, overdraft, or insufficient fund fees

  • The course you are going to pursue have good scope of jobs availability, meet salary range in market and holds good demand in the respective industry.

  • The institution you are going to take admission have past history of good placement records, decent rankings and reviews.

  • You are having a good social behavior and right intent.

 

For more information and FAQ’s, Please visit Career Training Loan.

Career Training Loans

Vocational Training Loans

 

Eligibility Criteria

Personal

  • Your Minimum age must be 15 years.
  • You should be citizen of India and residing in India only.
  • You and co-applicant should be Indian citizen.
  • You should have completed at least Xth standard
  • You are applying loan for any part-time or e-learning course leading to charter, degree, diploma and certification.
  • The Institution must be preferably eligible and partnered with DiFin.
  • A co-applicant is required for accepting the loan applications. A co-applicant can be parent, spouse, sibling, or Paternal/Maternal uncle or Aunt.

Financial

  • The Co-applicant must have acceptable credit score.
  • The Co-applicant must be either employed or in business and possess consistent income(in INR)
  • The Co-applicant doesn’t have a bankruptcy on your credit report or accounts recently in collection.

Documentation

  • Complete Online application form on DiFin.in
  • Letter of admission from Institution and FEE Structure, if received
  • PAN and Aadhar Card details of student and co-applicant.
  • One ID Proof (Driving Licenses, Passport, Voter ID) of student and co-applicant
  • Co-applicant documents :

If Salaried:

  1. Last 2 Year Form 16
  2. Last 3 Month Salary Slips
  3. Last 6 Months Bank Statement of Salary Account

If Self Employed:

  1. Last 2 Year ITR(Individual and Company)
  2. Last 6 Months Bank Statement of Saving Account
  3. Company Incorporation Certificate
  4. Company Audit Financials

 

If you have more questions, you can contact us or email at care@difin.in

Factors for Faster Approval

  • You should have good academic record in past.

  • The institute partnered with DiFin.

  • You spend less than you earn and have increasing bank account balances

  • You are not regularly charged late, overdraft, or insufficient fund fees

  • You are having a good social behavior and right intent.

For more information and FAQ’s, Please visit Vocational Training Loan.

Vocational Training Loans

Foreign Education Loans

 

Eligibility Criteria

Personal

  • The student and co-applicant must be citizen of India and possess Aadhar Card
  • The Student must have received the admission in any of the recognized university in Abroad.
  • Student must be at least 16 years old
  • A co-applicant is required for accepting the loan applications. A co-applicant can be parent, spouse, sibling, friends in certain cases, father-in-law, Mother-in-law or Paternal/Maternal uncle or Aunt.
  • Student must have scores of entrance examinations wherever applicable.
  • For Post-Graduation, you must have completed any recognized graduation degree and for Under-Graduation, you must have completed X11th Standard from approved boards.

Financial

  • Your co-applicant and Student (if applicable) should have good credit score.
  • The co-applicant must be either employed or in business and possess consistent income(in INR)
  • Co-applicant or Student doesn’t have a bankruptcy on your credit report or accounts recently in collection.

Documentation

  • Complete Online application form on DiFin.in
  • Letter of admission from University and FEE Structure, if received
  • PAN and Aadhar details of Student and Co-applicant
  • One ID Proof (Driving Licenses, Passport, Voter ID) of Student and Co-Applicant
  • Student education documents
  1. 10th and 12th mark sheets and certificates
  2. Graduation Mark sheet and Degree
  3. Entrance Test Score Card(GRE/GMAT, IELTS, TOEFL)
    • Present and Permanent Address proof
    • If Student is working

 

  1. Last 3 Month Salary Slips
  2. Last 6 Months Bank Statement of Salary Account
  3. Last 2 Year Form 16, if applicable
    • Co-applicant documents :

 

If Salaried:

  1. Last 2 Year Form 16
  2. Last 3 Month Salary Slips
  3. Last 6 Months Bank Statement of Salary Account

 

If Self Employed:

  1. Last 2 Year ITR(Individual and Company)
  2. Last 6 Months Bank Statement of Saving Account
  3. Last 8 Month bank Statement of Current Account
  4. Company Incorporation Certificate
  5. Company Audit Financials

 

If Pensioner:

  1. Pension Pay Order
  2. Present Address Proof
  3. Permanent Address Proof

If you have more questions, you can contact us or email at care@difin.in

Factors for Faster Approval

  • You should have excellent or good academic record in past.

  • You and your co-applicant spend less than you earn and have increasing bank account balances

  • You and your co-applicant don’t carry large amount of debt(Personal loans, Credit Card, House Loans)

  • You and your co-applicant have history of making payments on time

  • You and your co-applicant are not regularly charged late, overdraft, or insufficient fund fees

  • The course you are going to pursue have good scope of jobs availability, meet salary range in market and holds good demand in the respective industry.

  • The college you are going to take admission have past history of good placement records, decent rankings and reviews.

  • Your past achievements or any innovation work during your studies

  • You are having a good Social behavior and right intent.

For more information and FAQ’s, Please visit Foreign Education Loan.

Foreign Education Loans

Post Graduate Student Loans

 

Eligibility Criteria

Personal

  • The student and co-applicant must be citizen of India and possess Aadhar Card
  • The Student must have received the admission in any of the recognized university in Abroad.
  • Student must be at least 20 years old.
  • A co-applicant is required for accepting the loan applications. A co-applicant can be parent, spouse, sibling, friends in certain cases, father-in-law, Mother-in-law or Paternal/Maternal uncle or Aunt.
  • For Post-Graduation, you must have completed any recognized graduation degree.

Financial

  • Co-applicant and Student (if applicable) should have good credit score.
  • The co-applicant must be either employed or in business and possess consistent income(in INR)
  • Co-applicant or Student doesn’t have a bankruptcy on your credit report or accounts recently in collection.

Documentation

  • Complete Online application form on DiFin.in
  • Letter of admission from University and FEE Structure, if received
  • PAN and Aadhar details of Student and Co-applicant
  • One ID Proof (Driving Licenses, Passport, Voter ID) of Student and Co-Applicant
  • Student education documents
  1. 10th and 12th mark sheets and certificates
  2. Graduation Mark sheet and Degree
    • Present and Permanent Address proof
    • Co-applicant documents :

 

If Salaried:

  1. Last 2 Year Form 16
  2. Last 3 Month Salary Slips
  3. Last 6 Months Bank Statement of Salary Account

 

If Self Employed:

  1. Last 2 Year ITR(Individual and Company)
  2. Last 6 Months Bank Statement of Saving Account
  3. Last 8 Month bank Statement of Current Account
  4. Company Incorporation Certificate
  5. Company Audit Financials

 

If you have more questions, you can contact us or email at care@difin.in

Factors for Faster Approval

  • You should have excellent or good academic record in past.

  • You and your co-applicant spend less than you earn and have increasing bank account balances

  • You and your co-applicant don’t carry large amount of debt(Personal loans, Credit Card, House Loans)

  • You and your co-applicant have history of making payments on time

  • You and your co-applicant are not regularly charged late, overdraft, or insufficient fund fees

  • The course you are going to pursue have good scope of jobs availability, meet salary range in market and holds good demand in the respective industry.

  • The college you are going to take admission have past history of good placement records, decent rankings and reviews.

  • Your past achievements or any innovation work during your studies

  • You are having a good Social behavior and right intent.

For more information and FAQ’s, Please visit Foreign Education Loan.

Post Graduate Student Loans

Specialized Coaching Loans

 

Eligibility Criteria

Personal

  • The student and co-applicant must be citizen of India and residing in India only.
  • The Student must have received the admission in any of the recognized university in Abroad.
  • Student must be at least 15 years old.
  • Student should have completed Xth standard.
  • A co-applicant is required for accepting the loan applications. A co-applicant can be parent, spouse, sibling, friends in certain cases, father-in-law, Mother-in-law or Paternal/Maternal uncle or Aunt.
  • For Post-Graduation, you must have completed any recognized graduation degree.

Financial

  • Co-applicant and Student (if applicable) should have good credit score.
  • The co-applicant must be either employed or in business and possess consistent income(in INR)
  • Co-applicant or Student doesn’t have a bankruptcy on your credit report or accounts recently in collection.
  • Co-applicant must be self-employed or salaried.

Documentation

  • Complete Online application form on DiFin.in
  • Letter of admission from University and FEE Structure, if received
  • PAN and Aadhar details of Student and Co-applicant
  • One ID Proof (Driving Licenses, Passport, Voter ID) of Student and Co-Applicant
  • Student education documents
  1. 10th and 12th mark sheets and certificates, whatever applicable
  2. Diploma or Degree certificate, if applicable
    • Present and Permanent Address proof
    • Co-applicant documents :

 

If Salaried:

  1. Last 2 Year Form 16
  2. Last 3 Month Salary Slips
  3. Last 6 Months Bank Statement of Salary Account

 

If Self Employed:

  1. Last 2 Year ITR(Individual and Company)
  2. Last 6 Months Bank Statement of Saving Account
  3. Last 8 Month bank Statement of Current Account
  4. Company Incorporation Certificate
  5. Company Audit Financials

 

If you have more questions, you can contact us or email at care@difin.in

Factors for Faster Approval

  • You should have excellent or good academic record in past.

  • Student should not have failed or no gap year should exist.

  • You and your co-applicant spend less than you earn and have increasing bank account balances

  • You and your co-applicant don’t carry large amount of debt(Personal loans, Credit Card, House Loans)

  • Preferable Partnership of coaching institution with DiFin.

  • You and your co-applicant have history of making payments on time

  • You and your co-applicant are not regularly charged late, overdraft, or insufficient fund fees

  • You are having a good Social behavior and right intent.

  • You have not any gap or failed in subject.

For more information and FAQ’s, Please visit Specialized Coaching Loan.

Specialized Coaching Loans

Parent Loan Eligibility

 

Eligibility Criteria

Personal

  • You are an Indian Citizen.
  • You are at least 18 years old.
  • You possess Pan and Aadhar Card.

 

Financial

  • You have a decent credit score.
  • You must be either employed or in business and possess consistent income (in INR).
  • You doesn’t have a bankruptcy on your credit report or accounts recently in collection.

 

ELIGIBLE LOAN PURPOSES

  • College Tuition: to pay for tuition or other qualifying expenses at an accredited institution.
  • Unaccredited Education Programs: to pay for tuition from an unaccredited institution (i.e boot camps, Vocational Course Fee, culinary schools, school Fee, etc.).
  • Security Deposit: to pay for the deposit on a requirement of admission in school/college
  • Fees for your Kindergarten and K-12 School Fees.
  • Hostel Fees, Transportation expenses, Books or Stationary or any expense required for child education.
  • Coaching Classes Fees.

 

INELIGIBLE LOAN PURPOSES

  • Credit Card Consolidation/Refinancing: to reduce your interest rate or have a single payment.
  • Home Improvement: to pay for any form of home improvement .
  • Wedding/Honeymoon: to pay for wedding/honeymoon costs.
  • Business Capital: to start your own business or pay expenses for your existing business.
  • Real Estate: to purchase or invest in developed real estate or to change the ownership of an existing mortgage.

 

Documentation

  • Complete Online application form on DiFin.in
  • Letter of admission from Institution and FEE Structure, if available.
  • Your PAN and Aadhar Card details

 

If Salaried:

  1. Last Year Form 16
  2. Last 3 Month Salary Slips
  3. Last 6 Months Bank Statement of Salary Account

 

If Self Employed/Business:

  1. Last 2 Year ITR (Individual and Company)
  2. Last 6 Months Bank Statement of Saving Account
  3. Last 6 Month bank Statement of Current Account

 

If you have more questions, you can contact us or email at care@difin.in

Factors for Approval

  • You have enough savings to cover at least two months of normal expenses, including housing.

  • You spend less than you earn and have positive bank account balances.

  • You do not carry large amounts of obligation and debt (e.g. credit cards, personal loans, home loans).

  • You have a history of making payments on time

  • You are not regularly charged late, overdraft, or insufficient funds fees.

For more information and FAQ’s, Please visit Parent Loan Eligibility

Parent Loan Eligibility

Explore DiFin products

Career Training Loan

 

Vocational

 

Post Graduate

 

Coaching

 

Foreign

 

Refinance

 

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