1 / 8

Education Loan in India

There are banks that charge minimal processing fees or give special extra concession to girl students, for instance does not charge any processing fees for Education Loan in India to student’s studying within India but for students pursuing loans for abroad studies.

RahulSingh
Download Presentation

Education Loan in India

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Education Loan in India

  2. Education Loan: A financial boon for students • Education is one of the most planned investments in India. • Every parent wishes a bright future for their child.  In consideration to liberalization in monetary policy, onset of education loans has facilitated students to pursue higher studies in India or take up studies abroad. • It helps the deserving bright students to follow their choice of career without worrying about funding. It has become a boon for both parents as well as students.

  3. applying for education loan for school or university admission • Rate of Interest: The foremost point of consideration before choosing the bank is the offered rate of interest. It depends on three things I.e. Loan amount, Tenure of loan, Educational institution. • Eligibility Criterion: Each Bank or FI has fixed its eligibility criterion based on which the loan is granted to the applicant student, for instance, student’s academic track record.

  4. Repayment Method: Every bank or FI has its own repayment criterion i.e. some fix it up to 5-7 years or some start after the completion of course or as the student get placed and start working. • Collateral/Margin/Third Party Guarantee: It is a must for all the banks provided the loan amount is above Rs.4 Lakhs. One can choose a bank/FI depending on the kind of security the applicant can give to the bank or FI.  • Amount of Loan: This is generally fixed for all the banks i.e. Rs.10 Lakhs for higher studies in India and Rs.20-30 lakhs for studies in abroad. 

  5. The rates of afore-mentioned banks are comparatively lower than other banks. • The rates of other bank go from 10.25% to 14%. In addition to that, there are banks that charge minimal processing fees or give special extra concession to girl students, for instance does not charge any processing fees for Education Loan in India to student’s studying within India but for students pursuing loans for abroad studies, the sanctioned limit is maximum i.e.Rs.30 lakhs with Rs.5000/- as processing fees. • Source : ( http://www.blog.epravesh.com/how-to-get-education-loan-in-cheaper-rate-in-india/)

  6. https://www.facebook.com/AvanseEducationLoan https://www.linkedin.com/company/avanse-financial-services https://twitter.com/avanseeduloan https://plus.google.com/+AvanseFinancialServicesLtdMumbai https://www.youtube.com/channel/UCcsuUx1EH1C08XmX2embpug

  7. Read more on Education Loan in India : http://www.avanse.com/avanse-education-loans/ • Thank You..!!!

More Related