|
Written by Site Administrator
|
|
Tuesday, 27 October 2009 13:04 |
Higher education in India has become highly competitive in the Government sector. In the private sector, quality higher education is very expensive and in many cases, beyond the reach of the common middle class individuals.
To bridge this gap, many banks in India offer Education loan for students who want to pursue higher education in reputed colleges in India or abroad. However, as many students and most parents are unaware of the services and offerings of banks, they are often seen resorting to personal and other form of finances.
In this article, we have highlighted the advantages and conveniences of Educational loan and answered many frequently asked questions by students and parents on Education Loans offered by Banks.
|
|
|
Written by Site Administrator
|
|
Tuesday, 27 October 2009 13:06 |
Education Loan is the loan given to students directly or to the parents for the education of their children. This loan is given for those who want to pursue full-time higher education in India or abroad. By higher education we mean education from graduation onwards upwards up to a doctorate program depending on the need.
For what course is an Education Loan issued?
Education loan is issued for full-time studies in graduation onwards. Courses include Engineering, Medicine, Architecture, Technology, Management, pure and applied Sciences such as applied Mathematics, etc. Most higher education courses are likely to be listed with banks for the purpose of this loan. It is recommended that you approach the bank to find out if your course is listed with them for eligibility to appy for the loan with them.
|
|
Written by Site Administrator
|
|
Tuesday, 27 October 2009 13:08 |
|
All prominent banks and financial institutions give out Education Loans with varied terms for eligibility and interest rates and tenure and so on. You could first check the website of the respective firm to check for details. You could then visit them to find out more details. |
|
Written by Site Administrator
|
|
Tuesday, 27 October 2009 13:10 |
|
Individuals or students domiciled in India who have a reasonably good academic history are eligible to go for a home loan. There are other eligibility criteria such as the Admission letter, academic details, etc which can be obtained by approaching your loan service provider. |
|
Written by Site Administrator
|
|
Tuesday, 27 October 2009 13:50 |
|
For studies in India you may get upto Rs. 10 lakhs. For those who seek admission in colleges and universities abroad, the cap is upto 20 lakh Indian rupees. Sometimes the loan amount, payment terms and tenure are negotiable based on your academic credentials, the credibility of the university where you have sought admission and the your repayment capacity based on the surety you are able to provide to the bank when applying for the loan. More details can be obtained from your loan service provider. |
|
|
|
|
<< Start < Prev 1 2 3 Next > End >>
|
|
Page 1 of 3 |
Education Loan
