Education Loan In India

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Education Loan In India
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• How to get an Education Loan in India

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• Due to the increase in college fees every year,
  most of the student have no option but to opt for
  an education loan. Education Loans in India are
  provided by private financial institutions to
  help those students who are eligible to attain
  higher education in reputed professional
  institutes but cant afford to pay the hefty
  college tuition, books and other expenses. Most
  of the loans are allowed to be paid after the
  completion of the course of education by the
  recipient.

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• At first you must determine how much loan you
  require to meet all your expenses which should be
  calculated precisely. Then you must decide which
  type of loan you should take i.e. Government
  loans or Private loans. Most people prefer
  Government loans due to its lesser rate of
  interest. So, at first students must know the
  criteria and limit allowed by banks and then
  approach the bank for the loan.

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• Keep on reading this article if you'd like to
  know how to get an Education Loan in India.
• Purpose for which a student can apply for an
  education loan
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• Banks give loans for
• 1. Tuitions and other fees
• 2. Books, equipment, etc.
• 3. Cost of passage (for education abroad)
• 4. Caution fund/building fund/refundable deposit
• Only SBI offers the loan for abroad studies. HDFC
  bank gives education loans for courses only at
  the institutes in India which are approved by
  them.

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• Eligibility
• All students should be an Indian National.
• 2. They should have secured admission to
  professional/technical courses through Entrance
  Test/selection process.
• 3. If studying abroad, students should have
  secured admission to the foreign
  university/institution.
• 4. Student should have an earning parent/guardian
  as a co-applicant to the loan.
• Sourcehttp//education.onehowto.com/article/how-t
  o-get-an-education-loan-in-india-2879.html

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