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Tata Capital > Blog > Loan for Education > Education Loan For BDes in Design

Loan for Education

Education Loan For BDes in Design

Education Loan For BDes in Design

That perfect dress that fits you like a second skin, the impressive poster that catches your eye, or that perfect product that works like a charm may all sound like distant dreams. However, a good designer can change the world around us, transforming these dreams into reality.

Designers are the driving force behind progress and innovation. They possess unique talents that blend aesthetics and functionality and create solutions for specific problems. If becoming a designer is something you’re passionate about, consider pursuing a Bachelor of Design (BDes).

In this article, we discuss how you can finance your BDes education with the help of education loans and pursue your passions without financial constraints.

What is a BDes course?

A Bachelor of Design (BDes) is an undergraduate degree program that helps you develop your creative and technical skills to excel in various design-related fields. You would gain expertise in fields such as fashion design, product design, interior design, graphic design and more.

The eligibility criteria for a BDes program in India include:

1. You should have completed 10+2 or similar examinations from a recognised board.

2. Most universities require a minimum of 50% marks in your qualifying exam.

3. You may need to write entrance exams such as NID DAT, NIFT Entrance Exam, and CEED.

Cost of pursuing BDes in India

It can be quite expensive to pursue a BDes degree in India with tuition fees ranging between Rs 50,000 and Rs 3,00,000 per annum. You would need to also take into account additional costs such as accommodation, transportation, food, etc.

The cost of pursuing a Bachelor’s degree in design would also depend on the specialisation you choose. Some institutes may also require you to create a portfolio, which can add to your expenses.

Education loan for BDes

An education loan allows you to pursue BDes from prestigious universities and enter valuable programs that might be financially out of reach. With an education loan, you can ensure you receive the best possible education without dipping into your savings.

Here’s why you should consider getting an education loan for BDes in design:

1. An education loan results in a more manageable and affordable financial situation. With these loans, you can fund your education without depleting your savings or relying on your family for support.

2. You can focus entirely on your studies without worrying about finances. Use your time in university focused on academics and college extracurricular activities.

3. Time repayments made towards education loans contribute to a positive credit history. This can work out to your benefit later in life when you apply for a credit card, vehicle loan or car loan.

4. Education loan interest repayments are eligible for tax deductions under Section 80E of the Income Tax Act.

5. With the lender and loan offer, you can secure a loan that covers your tuition fees as well as other expenses related to your education, such as accommodation, books, and travel costs.

To apply for an education loan online:

1. Visit your lender’s website and fill in your basic information.

2. The lender will now verify your details to determine your eligibility for an education loan.

3. If you are eligible, you will then be asked to upload your documents. Some documents you would need are- identity and address proof, collateral details, course details, and details of the co-applicant.

4. Once your loan has been approved, you will need to sign the loan agreement. After this, the funds will be directly transferred to your bank account.

Final thoughts

A Bachelor of Design degree allows you to explore a range of creative possibilities and opens doors to many lucrative and interesting career prospects. However, becoming a designer requires adequate financial resources. An education loan can help you finance your B.Des degree and push you towards a life filled with innovation and artistic expression.

Want an easy way to finance your design dreams? Apply for online student loans with Tata Capital. Tata Capital offers education loans for B.Des students with competitive and affordable interest rates and flexible repayment plans that make your loan affordable and manageable. With Tata Capital’s hassle-free loan application process and zero-margin money requirements, you get to enjoy quick approvals and disbursals.