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Education loans aims at providing financial support to deserving / meritorious students for pursuing higher education in India and abroad. To know more visit : http://www.avanse.com/education-loan
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Education is a never ending process. Every day is a day of learning some or the other thing, yet we need to pay a huge amount of money to get our kids educated. Education opens new paths for an individual in the world. It is a very powerful asset for any nation. Youngsters with good educational background have the potential to lead the nation and take it in the right direction. Considering this, the government offers education loan at lower interest rates. Now-a-days, even private financiers have emerged as major lending bodies with flexible repayment techniques and some of the least interest rates. An education loan is provided to students either by governing bodies (banks) or private lenders so that they can go ahead and fulfill their dreams.
Advantage of an education loan • Every parent, no matter what class of the society they belong to, want their child to gain quality education. But, most of the times they have to take a step backwards due to the lack of sufficient funds. • Spending personal savings, borrowing from friends and relatives, selling property or jewelry does not seem to be a feasible option for some of us. • This is the time when an education loan can come to the rescue. Listed below are the perks that can be enjoyed when you avail a student loan: • Post completion of the course you are provided with a valuable time period to repay the principal sum • Grace period of 6-12 months in addition so that the student gets enough time to become financially responsible
Expert advice before availing the loan • These new age financiers know the need of the hour, thus they arrange personalized counseling sessions for students (borrowers) and their parents/guardian, spouse, siblings (co-applicants) so as to educate them with all the pros and cons of availing an education loan. • Although, every minute detail related to the loan can be found on its relevant website, someone verbally explaining you all the terms and conditions makes a lot of a difference. • If you have any query regarding the education loan, you can clear it then and there with the expert consultant during the counseling session. • The borrower doesn’t have to visit the lender in person unless he/she wants to go for a counseling session.
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