Tuesday, May 29, 2012

Higher Education Loan: Hassle-Free Finance for Every Aspirant


Specialized industry looks for expert professionals. Employers hire those who have exactly that degree or qualification wanted. The biggest hurdle ever for Indian aspirants is finance. Now, studying in abroad or India and in the most favorite institute is made easier.

Education loans up to 4lacs calls for no security money. Even, this loan amount carries a fair rate of interest. One bank has a variation in amount than the other. Education loan rates in India range from 11.00% p.a. to 12.75%. For INR, this amount varies depending on the income level. Indian students, wishing to study in abroad, take larger amount of money. The bigger loan demands security money and higher rate of interest.

The repayment due dates begin after 6 years of completion of study or after one year of getting job-whichever is earlier.

Education loan rates are revised in India every year. Whether they decrease or increase, those who are aspiring for an extra edge in career, these loans are the most reliable and convenient way to keep up study.

1 comment:

indianist said...

Some people saying Education Loan Guarantee is not required is this true or not pls give detail and mail me.....