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How to get an Education Loan in India

Not everyone can offer a credit which you are going to return after n number of years. Here in India almost all the Public Sector banks offer Educational Loan.

RahulSingh
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How to get an Education Loan in India

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  1. EDUCATIONAL LOAN

  2. How to get an Education Loan in India • Many of us are used to the idea that our parents are going to pay for our education. • However, this may be difficult in many cases if you are opting for super expensive professional studies. • A model has emerged now under which students go to expensive colleges that lead to good recruitment, making it easy to pay for the educational loan when the student is finally employed.

  3. Understanding Education Loan • An education loan is a form of credit advanced to scholars and students; it is designed to help students pay for college tuition, books, laptops, hostel fees and other living expenses. • It differs from other types of loans in that the interest rate is often substantially lower than most other loans and the repayment schedule is deferred while the student is still in school. • It is priority sector lending for bank and also often relatively profitable – so most banks offer educational loans in large numbers.

  4. Where does it come from? • Good question indeed. • Not everyone can offer a credit which you are going to return after n number of years. Here in India almost all the Public Sector banks offer Educational Loan. • Some of the nationalised banks such as SBI group have special programmes, some of them are: • Lower interest rates for girls, SC, ST, disabled. • Lower interest rates for toppers, etc. • Taking education loans from government bans like SBI, Corporation Bank or UCO Bank is advisable because private banks impose stricter and more difficult conditions for educational loans

  5. Requirements: • Mark sheets of your last qualifying exam • Proof of admission into the college • Schedule of expenses for the course • Photographs (Usually passport size) • Bank Account Statement of the Borrower for the last six months (If Applicable) • Income tax Assessment statement of the guardian (Parents or Guardians) • Proof of Income of the Guardian • Identity Proof like Driving License, Passport or Voters ID for both the student and the Guardian • Address Proof like Ration Card or Electricity Bill etc. • Source : (http://blog.ipleaders.in/how-to-get-an-education-loan-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 : http://www.avanse.com/avanse-education-loans/ • Thank You..!!!

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