Waiting to get into a decent college to complete your higher education but finance is a hurdle, isn’t it? Well, with education loans becoming popular among students these days. Banks and other financial institutions offer a variety of education loans at different education loan rates.
Some basic features to avail an education loan are summarized here for your convenience:
• Education loan rates are very nominal up to Four lacs. Neither any guarantee is asked for.
• Before giving out an education loan, banks thoroughly examines –the background of the student, yearly earnings of the student’s family, the course details and the repo of the institute applied to.
• If the loan applied for is, higher than 4 lacs limit, then the education loan rates may vary and also increase with the amount.
• Banks have a special provision of lower education loan rates reserved for female students and for students studying in some specified institutes.
Summary: Education loan rates vary from bank to bank. So choose your bank wisely, before applying for a loan.
Some basic features to avail an education loan are summarized here for your convenience:
• Education loan rates are very nominal up to Four lacs. Neither any guarantee is asked for.
• Before giving out an education loan, banks thoroughly examines –the background of the student, yearly earnings of the student’s family, the course details and the repo of the institute applied to.
• If the loan applied for is, higher than 4 lacs limit, then the education loan rates may vary and also increase with the amount.
• Banks have a special provision of lower education loan rates reserved for female students and for students studying in some specified institutes.
Summary: Education loan rates vary from bank to bank. So choose your bank wisely, before applying for a loan.
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