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These days almost every bank offers student Education Loan for Abroad, so you will have a wide range of plans to choose from and get the best one according to your needs and requirements. This loan assists the youth of our nation in pursuing their aspirations<br>http://www.avanse.com/education-loan/study-abroad-loan
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Education is of prime importance in our lives. Although, Government of India has made education free and compulsory up to 14 years of age; it is getting extremely expensive to get quality education. • The scholarships offered by esteemed universities are very few in comparison to the many hopeful and deserving applicants. • Due to the expenses, eager minds of these students are left unbridled. But all's not bleak and gloomy, in fact, now the situation is quite the contrary. • Education in India is thriving thanks to student education loans provided by many government and private banks. Let's take a look at some of the features of student education loans.
Eligibility • Generally, education loans are provided to students of Indian nationality within the age group of 15-30 years. • Another requisite of it is that the student applying for the loan must have a working parent or a guardian to be the guarantor. • The loan approval will be based on the capability of the borrower and the guarantor's assets, liabilities, income, etc. • Also, the student must hold a good academic record and he/ she should have secured admission by clearing the necessary entrance examinations for that course. • Courses • One can benefit from the student education loan for courses in India which are approved by the state and central government as well as courses from foreign universities.
Repayment • The repayment option for a student education loan is very flexible. • Usually, one has to start paying the EMIs after the completion of the course but in case the student does not get a job then a grace period of 6-12 months is offered. In the due time, if the student gets employment then he has to start the EMI payments. • The period of repayment varies from bank to bank. It can be from anywhere between 3-15 years. • These days almost every bank offers student Education Loan for Abroad, so you will have a wide range of plans to choose from and get the best one according to your needs and requirements. • Source: http://ezinearticles.com/?Get-a-Student-Education-Loan-to-Complete-Your-Study&id=4142386
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