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Smart things to know about education loan

Right education is an integral part of life. To pursue quality education you need to enroll yourself in best universities or institutes in India or abroad. <br><br>However, getting a mere scholarship to pursue the best education is just an assumption amongst pupil and parents.<br>

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Smart things to know about education loan

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  1. Education Loans

  2. Smart things to know about education loan

  3. Right education is an integral part of life. To pursue quality education you need to enroll yourself in best universities or institutes in India or abroad. However, getting a mere scholarship to pursue the best education is just an assumption amongst pupil and parents. Due to the rising inflation costs and education costs, today meeting up the finances has become quite difficult with the little savings parents have. Therefore, taking a suitable education loan will be your way to achieving success with ease. It differs from other types of loans and the interest rate is often substantially lower such as 12.75% and the processing fee is mere 1-2% of the loan amount being calculated on a case-to-case basis.

  4. Some smart things to know about education loan • Education loans are available to Indian national who have secured admission to the professional or technical course in India or abroad through an entrance exam. • Banks and finance firms offer loans up to Rs 4 lakh with no collateral security. For loans ranging from Rs. 4 lakh to Rs. 7.50 lakh, collateral in the form of a satisfactory third party guarantee is required. • For any form of loan, a co-applicant is a must and can be either parents, siblings or spouse. • For repayment, banks or private firms come up with flexible payment options such as EMI payment course, Interest servicing during course & partial interest servicing during course, EMI repayment Post-Holiday /Moratorium period and Step Up repayment facility. Based on your preference and risk appetite you can choose the one flexible for you.

  5. If in case you’re existing Education Loansare slightly costly in terms of processing and interest rates you can approach other leading private finance companies to switch over your current loan with Balance Transfer and give peace of mind. Education loan involves a lot of logistical and technical loose ends which may create an unnecessary confusion. Get things clear before applying for the one. They are a boon for those needy students who wish to fulfill their dreams of study in India or abroad.

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

  7. Read more on Education Loans : http://www.avanse.com/education-loan • Thank You..!!!

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