Why Brainybatch Short term No Cost EduEMI ?

We just made education lighter on your wallet

The No Cost EMI service is an Educational loan for students studying
in Playschools, Schools, colleges that helps reduce the financial burden
for parents, with benefits extended to educational expenses for School.

Education loan and Higher studies Education loan

Special Offer

0.5 % Reduction

On Education loan Interest rate
only for Girl students

Apply Now

Benefits of Short term No Cost EduEMI

No Collateral required

With no collateral, fund your
child's education to provide
him/her with quality education.

Zero Processing Fees

No processing fees are charged
for the Short term EduEMI
by parents/borrower.

Easy Online process

The short-term EduEMI loan
procedure is easy and online
for an hassle-free service.

Free Insurance*

Get free health insurance for
Students & Free Life Insurance
for Parents of Applicants.

How does it work for Parents/Borrower ?

Check Eligibility

Check Eligibility

Parents/borrower needs to check their eligibility for the education loan only then they can proceed further.

Fill the details

Fill the details

Parents/Borrower will fill the details further required for processing of their loan application request.

Upload Documents

Upload Documents

Parents/Borrower will upload the required documents in the requested format.

Approval

Approval

Post-approval the borrower has to sign an E-NACH & amount is disbursed to the Education Institute directly.

Check Eligibility Now

See What People Say About Us

Mr. Pardeep Johnson

Parent: Kidzee Angel Keepers, Bangalore

"Your commitment and perseverance to provide best services is awesome!"

no cost emi testimonial

Mr. Paul Dasan

Parent

"Thank you very much It is very very good service doing by you. As per your vision, To increase the literacy rate of our country it will happen to early because of You people. Actually, I don't know you are doing this service, I prayed God Jesus to help me and I browse I found your app. I'll be thankful to my God and You."

Any Questions?

Read the FAQ

Related to Eligibility for a Loan
  1. Father/Mother/Guardian of the Student who is earning
  2. Age limit min 21 yrs - max 60 yrs.
  3. Have a valid PAN & Aadhar Card
  1. Yes, only in the case when the salary cheque gets deposited in the bank account.
  2. You can provide the bank statement in which salary cheque has been deposited
Min Income document required for self-employed is 2 yrs ITR If you don't have ITR and have any of the below-mentioned documents you can apply
  1. Credit Card Statement
  2. Loan Repayment statement
  3. Previous year fees slip
We give loans upto Rs. 10 lakh. The sanctioned loan amount depends on your financial and credit history information.
Related to Apply Process
The steps involved are:
  1. Loan Application Review By Brainybatch
  2. Verification of applicants
  3. Sent To Lender
  4. Disbursed
Rates depend on your credit and financial profile. However, as per the EduEMI programs it also depends on your selected Education Institution. It may be No Cost or a standard or discounted cost may be charged.
Documents required are:

Pre-approval

  1. PAN & Aadhaar Card
  2. Current Address Proof
  3. 6 months-Salary Slip or Credit Card/Loan Repayment statement or 2 yrs-ITR doc
  4. 6 months-Bank Account Statement

Post-approval

  1. Institute Declaration letter
  2. Fee slip from the institution for the fees paid through the loan amount
No, the Loan amount will be directly transferred to your (student's) Educational institution (Playschool/school/college/coaching center/vocational colleges) bank account directly.
After we verify the information from the submitted documents. Once approved, money is disbursed in 48 working hours.
You can click here to check the current status of your application.
No collaterals or gaurantor is required.
You need to receive at least one salary credit from the new company. Along with that, we would see past salary credits and new payslip.
Related to Repaying a Loan
Yes, after approval Parents/student need to sign ENACH/NACH (National Automated Clearing House) form, once that is approved, the EMI would be auto-debited from your bank account on the EMI due date.
We will send reminders before EMI date so that you don't miss out on payment. Late payments are taken seriously. If auto-debit or cheque is dishonoured due to insufficient funds, we will send a notice to settle the payment immediately. We will call, visit residence and if even after repeated reminders, the payment is not made, we will take further legal action on behalf of the lender. In cases of non- repayment of EMI for more than 2 months the student's Certification from his/her school/college will be made on HOLD till the time of repayment.
you may be liable for legal action towards recovery of loan defaults if any.
Related to Legal and Policy
We are an ISO 9001:2015 Certified Quality Management System. Your information is completely secure with us. We do not share sensitive information with even the lenders unless they require it for legal reason in case of non-payment of dues.
Related to Customer Relations
You can call us at 9611670071. More contact details can be found here.
Yes, you can earn upto Rs. 500 for every successful referral. Find more details here.

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