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 ...

Educational loans are a student’s best friend! They provide invaluable financial assistance and help aspirants pursue their dreams without worrying about the cost. However, there are quite a few students who are sceptical about these loans and doubt their usefulness. Keeping this in mind, the following article will highlight 5 major costs that education loans can help you cover. Hopefully, this will shed light on the amazing utility these finance solutions provide to students. 1.     Course fees: This is one of the first and most obvious education-related expenses that you can cover with a students loan . Once your admission has been confirmed and your educational loan is approved, the lender will directly transfer the course fee amount to the university or college you have applied to. 2.     Travel & living expense: In case you apply for an overseas course, then you also need to cover travel & living expenses too. This can be quite difficult cons...

  Education loan eligibility is a crucial aspect of any student loan. It’s something that needs to paid special attention to before sending in your loan application. Keeping this in mind, the following article will tell you everything you need to know about student loan eligibility, including what it is, how to calculate it and even how to improve it. So what is student loan eligibility? Education loan eligibility is a two-part process that determines firstly whether you are eligible to take the loan and secondly the amount of loan you are eligible for. To make it through `part 1 of the education loan eligibility, you need to: -Be a citizen of India and above the age of 18 -Have a confirmed admission in the college or university you plan on studying in -Have a co-borrower that is also an Indian citizen above the age of 18. -Your co-borrower should have bank account that allows him/her to issue cheques. If you tick all these boxes, you can move onto part two of educati...

Students that dream of getting a job in a multi-national company today need to complete their further education. With there being so much of competition in every field, a post-graduate degree becomes more of a necessity. The academic degree of a candidate makes a strong impression on the company that is interviewing them.  Not only this, but even the university that they have studied at has a big impact. Companies are more likely to recruit students that have passed out of reputed universities. This is why many students try and secure admission to one of the best universities in order to improve their career prospects. But as we all know, being able to afford the university fees is not an easy task. If you are aiming for a top university, then your expenses would increase since the tuition fee of such a university would obviously be more than what a normal university would cost you. These expenses would be much more in case you are looking to pursue your education from abroad, in...