Education Loan: Process: Overview
The education loan process is relatively simple. One can also apply for a loan online and get a loan sanctioned in principle. One can visit a bank branch for further formalities to be completed. The loan process is as follows:
- Filling in the loan application form.
- Personal Discussion.
- Provide validated supporting documents.
- Stage of loan approval or denial.
- Borrower's signature on a Promissory Note.
- Loan disbursal.
Education Loan: Process: Did you know...?
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Featured Banks
Best Interest Rates
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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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Personal loan (5 years): | 12% - 35% | |
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Small Ticket Personal loan: | 29% - 45% | |
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Tools and Calculators
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.
EMI Calculator
The EMI calculator helps you to arrive at your probable EMI given the loan amount, tenure, and interest rate.
Impact of Changed Rates Calculator
Use
this calculator to find out how your EMI changes with any changes in interest
rates.
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