Cross-over your financial hurdles with an education loan in india

The scope of studying in a foreign nation has expanded a lot over the years and many aspirants from India get access to best of the universities across the globe. Studying abroad will definitely add weight to your educational portfolio and it will help you secure the best jobs in MNCs, or public sectors, give a good lifestyle and happy well-settled life. Besides, when you step out of your home country and fly abroad there is always a scope to improve or gain knowledge of global culture, economics, and their inter-dependencies. You might develop a new academic interest or perspective while study abroad. However, with the rising inflation costs, it’s not easy for parents to fund your entire studies with the little savings they have in hand. Even if they arrange money from traditional finances it would be a big setback for their future life. Therefore, one of the best ways to fund your overall educational costs would be applying for an education loan in india.This loan will take complete care of your finances and won't let your parents put their future at stake just to shape up your career. It’s one of the best ways to self independently fund your higher studies.

Today, many government banks and leading financial institutions offer education loan in india with interest rates as low as 11-15% with a mere processing fee of 1-2% on the loan amount. One of the biggest challenges for parents while applying for education loan in india at government banks is margin money which will around 15-20% of the study costs. It is still a herculean task for them to manage the money. Relax! Approaching any of the reputed private finance company and they are willing to offer 100% education finance to aspirants who are bright and meritorious but lack financial back-up. With proper documentation, a good credit score of parents/co-borrowers, & collaterals your loan gets sanctioned within a day's time and it won't take even a week for loan disbursal.

To study abroad pupils have to show sufficient proof of funds in the bank account which is a major obstacle in their way of achieving their dreams. Therefore, leading private finance companies have come up with customized loan solutions such as Pre-Visa Disbursement Loan, Pre-Admission Loan, Certificate of Availability of Funds; GRE scores based loan, Bridge loan, fast-track loan etc. Such customized loan solutions cater exclusively to student's particular financial requirements and set them free from any form of obstacle in their road to career development.

To avail overseas study loan it’s important that the students should understand it in terms of fund allocation, expenses being covered, interest rate & processing fee applicable, monthly installments, discount or concession on the interest rate, loan tenure, repayment options, and other costs incurred on their own. Your education loan in india will cover expenses such as tuition fee, library fee, laboratory fee, expenses for procuring books and study materials, living cost, project funding, study tours, thesis work and travel expense (to a certain extent). The repayment begins six months to one year after the course completion and its termed as moratorium period. Private lenders give flexible payment options such as EMI payment course, Interest servicing during course & partial interest servicing during the course. You can look at these options and then decide the repayment as per your flexibility.
Worry about your educational goals instead of financial exigencies. Apply now for an education loan in india online!