Posts

3 tips to help you get a lower education loan interest rate

Image
Have you always dreamed of studying at one of the best universities in India or abroad? If yes, then what is stopping you from learning at those institutions? In most cases, money or to be more precise, the lack of it is what stops students like you from learning at those institutions. To solve this, there is one solution: education loan. And they come with interest rates just like any other type of loan. In this article, you will learn 3 tips to bag a lower education loan interest rate. Calculate the potential expenses carefully - The general rule in education loan: Higher the loan amount, higher the interest rate. Understand this and you can find ways to lower your education loan interest rate. Calculate the funds you would need to study at your choice of college—from the college tuition fees to travel expenses, accommodation expenses, library fees, canteen expenses, and stationery expenses. Once you have calculated all the necessary expenses to the last penny, you will be
1 comment
Read more

5 terms of an education loan that you should know about

Image
Education loans help aspirants to learn the trades of their choice in good institutions in India or abroad, and thus, build an exemplary professional career. These loans have been helping students for quite a few decades now. Also, they are becoming accessible and fast due to the widespread acceptance of streamlined loan process practices. Today, all you need to do is simply go online and search for “education loans India”, and you are bound to get a huge list of financial institutions that offer loans. But before you go ahead and apply for an education loan, here are 5 terms that you should be familiar with:- 1.  Unsecured loan A lot of students wish to pursue their further education, but many do not wish to provide collateral to get an education loan. Now, banks mandatorily require collateral from students if the loan amount crosses Rs.7.5 lakhs. This is an amount that is quite likely to cross, especially if we are talking about pursuing an education abroad. This is why many stud
1 comment
Read more

4 easy steps to follow to apply for an instant student education loan

Image
Education loans are a boon for students who don’t have enough money to fund their education. Getting such loans sanctioned is a chore altogether. At times, you may find that the admission process is delayed due to some reasons. Such a situation necessitates you to look for an Instant loan for students. An instant education loan is a regular loan that takes lesser time than usual to be processed and disbursed. This article will help you to understand the process of securing an Instant education loan for yourself. 1.     Keep the potentially required documents handy - Keep the documents you would need to apply for an instant loan for students ready. This will ensure that the process remains smooth and fast from your side. The documents you would need for applying for an education loan instantly include: 1.       A filled loan application form. 2.       Couple of passport-sized photographs. 3.       Identity proof (AADHAR card/ PAN card/ Passport) 4.       Residential bill (Elect
Post a Comment
Read more

3 effective ways of getting a lower interest rate for your study loan

Image
  With today’s fast-paced world, there is a lot of competition in each and every field. In order to make a strong impression in front of companies, you need to have a strong academic background. This is why many students plan on pursuing their further studies. This boosts their chances of securing good jobs with decent packages. However, pursuing your further education is no easy decision. This is not just about studies, but also about the expenses. Education expenses can sum up to quite a large amount, even more so if you are thinking of pursuing an education abroad. The most common way to deal with these expenses is to apply for a study loan. However, a lot of borrowers are worried about the high interest rates that lenders would charge. But do not worry, there are ways you can get lenders to offer you lower interest rates too. Here are 3 ways you can effectively lower the interest rate of your study loan: 1.     Do not wait for the moratorium period to end There are many bor
Post a Comment
Read more

Best ways to repay your education loan

Image
  It is very common for students to apply for education loans to complete their further studies. Nowadays most of the good universities charge a high tuition fee. If you have to pursue your education abroad, your expenses would be much more. For most students, the only way to make this possible is to apply for an education loan. With such loans, their academic expenses are taken care of and they do not have to worry about anything. Everything till this point seems to be pretty smooth-sailing. But once students complete their graduation, it is then time to start paying EMIs for the loans they have taken. That’s when the complications start. But this certainly does not have to be the case for you. With a few smart tips, you can repay your loans with no problem at all. So, let us take a look at some of the quick ways you can repay your education loan: Stick to an organized budget Most borrowers who struggle to repay their loans have a common reason – not focusing on their budget.
Post a Comment
Read more

Everything you need to know about educational loan interest calculators.

Image
An education loan interest calculator is also known as an EMI calculator. It is an extremely useful tool that can help you create streamlined repayment plans and ensure you have a smooth borrowing experience. However, despite this, not many students are aware of these innovative online calculators. Keeping this in mind, the following article will attempt to build awareness around these helpful tools by explaining what they are, how to use them, and the benefits of using them before you apply for a loan. So, what is an education loan interest calculator? As mentioned earlier, an education loan interest calculator is better known as an EMI calculator. It is a simple yet extremely powerful online tool that calculates the equated monthly installments of your education loan. A good EMI calculator will also tell you the break-up of the interest amount & the principal repayment amount of each EMI along with the total interest payable. That’s why the EMI calculator is also known as an
Post a Comment
Read more

Here are 5 features to look for when comparing study loans for abroad.

Image
Opting to study abroad is one of the best decisions you’ll ever make. It will help you pole-vault your way into better paying jobs and a higher standard of living. The only hurdle you need to overcome is the cost of an overseas education. Well, this is where study loans for abroad can lend a financial helping hand. They will plug your financial gaps and ensure you can pursue your dreams without any monetary worries. However, there are several options available to you as far as lenders and loan options are concerned. While a wide spread of choices is always good, choosing one loan from all available options can be trickier than you expect. Keeping this in mind, the following article will list 4 important features to watch out for when looking for a good overseas education loan. 100% finance for course fees. This is one of the most important features you should look for when comparing study loans for abroad. Course fees in foreign universities can be extremely costly. They are also
1 comment
Read more