Page 1

Things to expect while choosing Education Loan In India…


ď‚— The rising cost of higher studies has made almost impossible for

the parent to self-finance their children's studies. The escalating costs will only break the backbone of their finance as well as exhaust all their future savings. ď‚— The competition is really getting stiff with more and more private players willing to finance the dreams. This lead to some key difference between the application processes across different lenders.


how to choose and what you should expect from lenders while applying for Education Loan In India: ď‚— Lenders Today, leading banks and finance companies are willing to give study loans to deserving students seeking higher studies in India or abroad. As long as you have confirmed admission and good academic track record you can approach the lenders to seek a loan.

ď‚— Maximum Limit While government banks might still demand to produce margin money costs which is again a huge task for parents, there are private lenders who are willing to offer 100% education finance.

ď‚— Interest Rates Interest Rate for most Education Loans In India is between 11 to 13% and it varies from lender to lender along with certain parameters to decide the rates.


 Some things to take a watch for:

 More EMIs In your quest to get the loan, don't opt for higher EMI. It would be sensible to choose an amount that you can pay comfortably even if your salary is lower. Opt for EMI keeping in mind your lifestyle needs and other expenses.

 Use Moratorium Period While taking a loan is easy paying off can prove challenging if you don’t have enough savings. We would suggest, start repaying early at least towards interest rates. Even while you're in college you can start repaying the amount by opting for a part-time job.


Most private firms hire experienced counselors who will guide parents and students with handy information and the best option of Education Loans In India depending upon the requirement and the one that best fits into your budget. The aim of banks and private finance firms is to help parents lay a path of sufficient finance to help every child to focus on their dream studies and not on financial hindrance.


To Read More on Education Loans In India Visit us http://www.avanse.com/blog/

To Buy Education Loan Click Here

Things to expect while choosing Education Loan In India…  

Let’s shed some light on how to choose and what you should expect from lenders while applying for Education Loan In India:

Things to expect while choosing Education Loan In India…  

Let’s shed some light on how to choose and what you should expect from lenders while applying for Education Loan In India:

Advertisement