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• The financial institutions also check your academic background, pre-requisite examinations, course of choice, country, etc. before determining your eligibility for education loans in India.
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What are the eligibility criteria for obtaining education loans in India?
The education loans in India take care of all your study-related expenses such as the cost of study material, tuition fees, college fees, travel expenses, living expenses, etc. Other than that, these loans even cover the miscellaneous expenses that you incur while completing your course.
It is every student’s dream to obtain the best possible form of education. This very student does everything in his or her power to attain this education. there are many banks and NBFCs that have started providing education loans in India. The interest rates charged by financial institutions for education loans are way lower than the ones given out by traditional financiers and loan sharks.
This collateral is the quantum of the principal amount borrowed and the primary borrower’s credit history.Thefinancial institutions also check your academic background, pre-requisite examinations, course of choice, country, etc. before determining your eligibility for education loans in India.
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