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Things to know if you are planning for an Education Loan in India
Monday, 16 Apr 2018 06:38 am
Top Valuable Information, Trending Topics, News, Information site, Education, Tips, Learning site

Top Valuable Information, Trending Topics, News, Information site, Education, Tips, Learning site

Acquiring quality education is very important for everyone as it not only provides a better carrier, it plays a pivotal role to build a healthy society. If you talk about education in India, you have two options- either crack the entrance exam of government institutes or spend a lot of money to get admission in private institutes. There is very tough competition in government entrance exams and it not only requires a lot of talent and skills, luck is also a very big factor. Only one mark is enough to make a huge difference. Everyone can’t afford the fee of private colleges. If you are looking to make your carriers in Engineering, you need a minimum of ₹ 5 to 8 lakh, while under graduate medical course will cost you at least ₹ 30-40 lakh. For most of the Post Graduate Courses, you require approx. ₹ 10 lakh.

Although it is not easy to afford the fee of private colleges, you have an option of applying an Education Loan at your Bank. Here are some points to be noted if you’re looking to apply for the education loan.

Some must have documents for application of loan:

Courses covered under the education loan scheme:

What does it cover?

Interest Rates and Processing Fee:

Keep all these points in mind before applying for an education loan and make a proper decision.