How to Get Education Loan in Hindi | By Ishan

2 Просмотры
Олег С.
Опубликован в 05 Oct 2019 / В Разное

How to Get Education Loan in Hindi | By Ishan

Cost of education in India is anywhere between 5 lakhs and 12 lakhs for undergraduate engineering courses. For medical courses in India, the fees can rise up to 50 lakhs in private colleges. Business schools in India charge more than Rs 10 lakh. In abroad, cost of higher education is much higher. Again, fees in private colleges are always more than the government colleges. Under such circumstances, students look for education loans in India. With so many banks offering education loans, it is also very confusing for parents and students to choose the best one.

Why do you have to choose education loan rather than a personal loan?:

Many parents might feel that taking a personal loan for higher education is beneficial. But as a matter of fact, this is not true. You take personal loan at a higher rate of interest and you end up paying more. Instead, an education loan comes with a number of benefits and conveniences and is specially meant to be given for education which serves the purpose of the students.

Benefits of Education Loans

*Applicable for all: Any student who wants to study can apply for an education loan. Even the economically backward sections of the society can take education loans under the government-sponsored subsidy schemes such as ‘Central Scheme to provide Interest subsidy’ (CSIS).

*Applicable for all courses: Education loan can be used to pursue all types of courses — graduation, post-graduation, diploma courses, vocational courses — whether in India or in foreign universities.

*Easily available: Education loans are widely and easily available. In fact, they are a priority product in all banks as per the RBI’s guidelines.

*Varied loan amounts: Banks can offer loans anywhere between Rs. 2 lakhs and 22 lakhs for studying in India. Of course, the size of the loan depends on the course applied for. To study abroad, the loan amount goes up to Rs.20 lakhs.

*Helps in completion of education: The expense curve of education is increasing with inflation and shifting prices. To avoid hindrances in studies, education loans become essential.

*Benefits: Education loans include many additional benefits like caution deposits, library fees, building deposits, laboratory fees, tuition, examination fees, hostel fees, money for buying books, instruments and uniform, travel expenses for studies abroad, etc.
Low interest rate for females: Usually female students are offered loans at lower interest rates.

*Easy repayment: Also, another great advantage of education loan is that the loan amount need not be repaid immediately. The repayment tenure can extend up to 5 to 7 years after the completion of the course. This makes it easy for repayment.

Some basic requirements need to be fulfilled while taking a loan. These conditions are as follows:

*1.The main determinants are the fees of the course to be pursued and the applicant’s annual family income.
*2.There must be a co-applicant, which can be either one of the parents or sibling or spouse.
*3.Loans below Rs.4 lakh do not require a guarantor or security.
*4.For loans above Rs. 4 lakh, there should be a third-party guarantor.
*5.For loan amount more than Rs. 7.5 lakh, a collateral is necessary.
*6.For studying abroad, a student must also look for part-time jobs or sponsorship as the loan amount itself is not sufficient.
*7.Insurance is compulsory for studying abroad.

Disclaimer- Some contents are used for educational purpose under fair use. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. All credit for copyright materiel used in video goes to respected owner.

Keep Supporting Us :-

Website : https://www.ishanllb.com/
Website : http://www.eisarahi.com/

Email : help@ishanllb.com

Facebook Official : https://www.facebook.com/eisarahiofficial
Facebook Page : https://www.facebook.com/IshanLLB/
Twitter : https://twitter.com/ishanllb


sbi education loan details in hindi,shiksha loan in hindi,education loan interest rate in hindi,education loan meaning in hindi,education loan maaf,indian education loan rules,education loan information,How to Get Education Loan in Hindi,education loan kaise le in hindi,कैसे लें एजुकेशन लोन,education loan ke liye kya kare,education loan kaise lete hai,how to apply for education loan in hindi,education loan hindi,loan kaise le,loan kaise milega,ishan llb,ishanllb

Показать больше
0 Комментарии sort Сортировать по