Education Loan: Eligibility Criteria: Overview
Banks have set eligibility criteria for education loans. Some of the important pre-requisites are mentioned in brief. A loan applicant has to be:
- An Indian national
- Aged 16-26 years of age or any other range specified by the bank.
- Have a good academic track record.
- Have parents or guardians with stable source of income.
- Should have applied to a recognized university in India or abroad.
- Should not be a minor.
Education Loan: Eligibility Criteria: Did you know...?
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Product | Rate | |
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Home Loan Fixed Rate (20 Years) | 9.25% - 14% | |
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Home Loan Floating Rate (20 Years) | 9.25% - 15% | |
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Small Ticket Personal loan: | 29% - 45% | |
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Tools and Calculators
Interest on Rate of Return Calculator
This calculator shows you the actual interest rate that you will pay/are paying on your loan, given the loan amount, tenure and interest rate.
View the interest rates offered by all major players in the education loan segment.
Floating or Fixed Interest Rate Calculator
Use this calculator to find out whether you should opt for a fixed or floating interest rate on your home loan.
The EMI calculator helps you to arrive at your probable EMI given the loan amount, tenure, and interest rate.
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