Here’s how you find the best education loan in India.

1. Here’s how you find the best education loan in India. Avanse

2. Introductions • If you clicked on this title thinking it will point at a certain loan & explain why it is the best, then you’ll be a little disappointed. Because, it’s next to impossible to name a single loan as the most ideal. This is because there are numerous lenders out there providing various finance solutions, each of which is good in their own right. • Moreover, it’s just not possible for each and every student to find a particular loan as the best as we all have our own preferences, needs and requirements.

3. To put it simply, the best education loan in India for you, is the one that best lives up to your expectations. If you put your trust in someone else’s opinion of the best education loan, you might end up regretting your decision later on. • Having said all of this, finding the best education loan for yourself is easy, all you have to do is keep certain important factors in mind. Some of these most important factors have been highlighted below.

4. Nature of financing. • The best education loan in India will match your finance needs perfectly. It will satisfy every finance need you have, from the course fee to the cost of books or a laptop. • Some loans will even offer to cover any deposits payable, provide for entrance exams, take care of your visa fees and proof funds your require. Basically, the best loans will fit your finance needs like a glove.

5. The best loans are preferential to you. • If you are a stellar student, the best education loan in India should reward you for the same. These rewards could be in the form of a lowered interest rate or a higher loan amount, whichever is better for you. • Some lenders will offer such benefits for applicants with a strong academic background or with exceptional entrance exams scores.

6. No strings attached. • Some loans will require you submit some sort of security to provide you the loan. This is usually the case if you need more than 4 lakhs for a course within India or 7 lakhs for a course outside the country. • However, some of the leading non-banking finance companies do not tie you down with such requirements. In fact, some of them will offer loan amounts in excess of 20 or 30 lakhs without any collateral. Of course, your profile needs to show merit for the same.

7. Lowest fees. • Now, even the best education loan in India will have some fees and charges. • However, it will probably have fewer charges or maybe the extent of these charges is less in comparison to other loans. • Or maybe it has charges that suit your needs such as 0 prepayment charges or lowered processing fee for exceptional students, etc.

8. Lowest interest rates. • Once you’ve used the above 4 points to create a shortlist of options, you can simply look for the one that serves your needs best at the least possible interest rate. The one that does is most likely the best education loan in India for you.

9. Conculsion • Hope this has been helpful, good luck and all the best. Study hard!

10. Thank You