Education & Study Loan

Educational loans cover tuition fee, hostel fee, library charge, administrative charges, etc. You can avail of the student loans either to study in India, or to study abroad. Education Loans are available for graduate, post-graduate or professional courses (like engineering, medicine, law etc), and even for less conventional courses like biotechnology, fashion technology, aviation etc.

Student loans from banks have become a preferred way of financing higher education in India and to study abroad. Banks have also become more market-oriented, making it convenient to avail of a study loan.

Things you need to know before you apply for an education loan

• How much education loan can you get?
• Educational loans versus loans against securities
• Some ways of funding education without a loan
• Special education loan packages from banks
• Education loans and tax benefits
• Disbursement and repayment
• Interest rates, processing charges and margins of education loans
• Documents you need to submit
• Before you apply: Does your course qualify for a loan?
• Before you apply: Are you eligible?
• Do I have to provide guarantors or collateral?
• What expenses are covered by a student loan?
• Disadvantages of personal loans for educational purposes

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