Why opt for study loans in India to pursue higher education

1. Why opt for study loans in India to pursue higher education Avanse

2. Introductions • The youth of today’s times wants to enjoy a better and prosperous life. The only way to achieve it would be pursuing a good education and secure a great job. Thus, they are working their way to the top and are doing their best. However, at times, even their best isn’t enough; since the cost of higher education has increased greatly. • Thus, at such times, they have the option to either obtain financial assistance through a traditional financier or to opt for study loans in India. There are numerous banks and NBFCs (non-banking financial companies) that have started providing education loans at way lower interest rates than the ones given out by traditional financiers and loan sharks.

3. interest rates for women and meritorious students • The financial institutions even provide a discount of up to 0.5% on the interest rates for women and meritorious students. • There are a number of other benefits of making use of these loans; a few of them are here as follows

4. Benefits for students • You can fund your own education by opting for study loans in India. Thus, you get to become independent and not ask for financial assistance from your parents. • Because the parents often exhaust all of their saving to support and secure their child’s future.

5. An education loan takes care of numerous expenses ranging from the cost of education fees, tuition fees, travel expenses, living expenses, etc. Even the other miscellaneous expenses that you incur are taken care off by your study loans. • The banks and NBFCs (non-banking financial companies) give out loans for a number of courses in varied fields such as science, commerce, arts, mass media, journalism, etc. Thus, you have an array of options and choices in front of you to choose from.

6. The repayment of study loans in India is done in the flexible form of EMIs (equated monthly installments); for you to plan out your future repayments in advance. • These EMIs are calculated on the basis of the principal amount borrowed by you, the interest rates charged by the financial institutions and the repayment tenure opted by you.

7. The financial institutions even provide numerous tools to make your borrowing experience easy. An education loan calculator is one of such tools which help you to calculate your EMIs online. By making use of this tool, you can calculate your EMIs from the comfort of your home or office. • The financial institutions even provide you with a moratorium period for study loans in India. A moratorium period is also known as relaxation period during which you don’t have to repay any amount of money to the financial institutions. Generally, this period is given out by the financial institutions for you to find a job and start making timely repayments. This period starts on the day the loan amount is disbursed and ends when you start making repayments.

8. Conclusion • Although, you cannot repay the principal amount during this period; however, you can reduce the overall burden by repaying the interest rates. • Thus, these were the reasons why students are opting for study loans in India to pursue higher education of their choice. • Visit us soon….

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