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Tata Capital > Blog > Loan for Education > Education Loan for Architecture

Loan for Education

Education Loan for Architecture

Education Loan for Architecture

Do you stop and admire buildings as you walk down the street or wonder how certain buildings demand your attention while others go unnoticed? If yes, a Bachelor’s in Architecture might just be your calling. This five-year undergraduate professional course integrates practical and theoretical knowledge to educate students on design and structures, shaping future architects.

However, financing this course can seem overwhelming. This is where education loans come in. By offering you convenient and easy access to additional funds, an architecture student loan helps you take your first step towards a promising and bright future.

Consider this your ultimate guide to architect loans. Here, we discuss everything from why you should consider applying for it to its eligibility and application process. 

Finance your Architecture Course with An Education Loan

Being a comprehensive five-year undergraduate course, a Bachelor’s of Architecture can be an expensive course to finance. Fortunately, you can consider an education loan for this. Here are the benefits of applying for an architect loan:

1. Helps You Finance Your Course: An education loan for architecture can help you finance your dream of becoming an architect without compromising your financial security.

2. Offers Significant Loan Amount: You can get a substantial loan amount with an education loan.

3. Offers Flexible Repayment Schedules: With an education loan, you can concentrate on your course, knowing that your repayment schedule will only start once you complete your studies.

4. Offers Extensive Coverage: You can use your education loan for architecture to finance all your education-related expenses. This means that apart from your tuition fees, your education loan can also help you fund the purchase of course material and a laptop and help you cover commuting expenses, rent, etc.

Education Loan for Architecture: Eligibility Criteria

When applying for an architecture student loan, be sure to check your chosen lender’s eligibility criteria. Here are some general requirements:

  • The applicant must have completed 10+2/diploma
  • The applicant must be between the ages of 18 and 35 years
  • The applicant must require the loan to pursue education from a listed, recognised and accredited institution in the country or abroad
  • The applicant must be able to provide a pre-admission sanction document, scores on entrance tests such as GRE, GMAT, etc., 12th/HSC results, or a document confirming their admission
  • The applicant’s parents, siblings, spouse, grandparents, parents-in-law or maternal/paternal uncle must be a co-borrower

Education Loan for Architecture: Documents Required

Lenders will need you to submit certain documents along with your loan application for verification purposes. While this list varies with lender, here are some general documents to keep prepared:

  • Proof of Identity: PAN Card, Passport
  • Academic Documents: The lender might require your 10th mark sheet, 12th mark sheet, available semester mark sheet/transcript, degree, exam scores (GRE, IELTS, TOEFL, GMAT, other)
  • Financial Documents: The lender might require salary slips for the past three months, Form 16 of the previous two years, ITRs of the last three years, business proof, P&L accounts, balance sheet, bank statements for the last six months

How to Apply for an Architecture Student Loan?

The application process for an architect loan differs depending on the lender. However, you can follow the following general steps when applying for your education loan.

For Offline Application:

Step 1: Visit your chosen lender’s nearest branch

Step 2: Complete the process as per the direction of the executive

Step 3: Once your application is verified, you will receive the loan amount

For Online Application:

Step 1: Navigate to your chosen lender’s official website

Step 2: Fill the form online and upload all necessary documents

Step 3: Once your application is verified, the loan amount will be sanctioned

To Sum Up

An education loan for architecture can help you bridge the financial gap between you and your future career while also allowing you to keep your savings for a rainy day. However, once you decide to take an education loan, the next hurdle is choosing the right lender.

For this, consider Tata Capital. We offer education loans at attractive interest rates and with easy eligibility criteria, flexible repayment schedules, and a hassle-free application process. Further, you can approach our financial experts for personalised guidance and support as well to help you choose the right loan for your needs. So, apply for an education loan for students from Tata Capital and gain access to additional funds and financial expertise now!

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