Who provides the best Education Loans? - PowerPoint PPT Presentation

About This Presentation
Title:

Who provides the best Education Loans?

Description:

An Education Loan empowers you by saving you from the long-drawn out processes of selling prime investments like land, gold that may still be profitable or the chance of souring relationships when you borrow from your relatives. – PowerPoint PPT presentation

Number of Views:22

less

Transcript and Presenter's Notes

Title: Who provides the best Education Loans?


1
Who provides the best Education Loans?
2
Heres the points who offers the best Education
Loans
  • LESS DOCUMENTATION - NBFCs provide education
    loans which have simpler process and easier
    documentation. Usually, NBFCs require just two
    passport size photographs, identity and residence
    proof, Aadhaar card, PAN card, bank account
    statement, confirmation letter from institution
    defining your course details.
  • NO COLLATERAL - Some banks demand for collateral
    to provide education loans and it becomes
    difficult for students to provide collateral in
    the form of gold or lands documents etc. In such
    cases it is preferable to take student loans from
    NBFCs because they do not demand for any
    collateral or any third party guarantee. This is
    one of the biggest reasons why you should opt for
    a non-banking finance company when in need of
    education loans.
  • DOWN PAYMENT - Again, some banks ask students to
    provide some margin money to secure the loan.
    Therefore, students who borrow from banks could
    have to cover up to 15 of the cost of education
    on their own.

3
  • NO LIMIT - Banks have limit on the amount you can
    borrow for education loans. NBFCs do not impose
    any restrictions on amount you borrow for student
    loans which is advantageous because you can
    borrow lump sum money covering all your expenses
    and reduce burden on parent.
  • QUICK TURNAROUND TIME - In some banks the
    procedure to complete your process from applying
    loan to getting the loan sanctioned is very
    tedious. NBFCs are reputed as the one giving
    immediate services. The education loans through
    NBFCs complete the procedure within 24hours which
    is quite fast and helps the student for faster
    transactions.

4
THANK YOU!!
Write a Comment
User Comments (0)
About PowerShow.com