Educational Loan

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 ...

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.    ...

  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 ...

  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 budg...