Arrange education finance with an easy way out
Education expenses are on rising spree in India. Along with this mounts the concern of parents and students to arrange necessary finances for higher studies in India or abroad. While parents do save some money but it proves insufficient to bridge the gap between huge financial requirements and limited savings. Secondly, there are options like scholarships for Indian students, traditional finances, property mortgages, or alternative subsidizations. But these have extremely high rate of interest, limited time to repayment and no flexible options to makes repayments.
Therefore, more and more parents are now opting for study loan which is the most inexpensive, hassle free and sorted way of financing higher studies in India or abroad for their children. The trend is much greater for people who are looking to get an admission at top notch institutes and especially for those looking to study abroad. Getting an education loan is getting easier and the repayment options are equally easy and hassle free which gives a big thumbs up by millions of people across the nation.
In India, government and private finances are ensuring that no student is denied of pursuing higher education through state-of-the-art facilities for educational loan scheme. So bank a suitable opportunity now and create own your world of successes by pursuing good and quality higher education in India or abroad.
Education loans are easily available at all leading private finance firms and banks in India. While government banks demand for margin money of around 15-20% of the loan amount to approve loan, some private finance firms give study loan at no margin money costs. The interest rates offered are as low as 12.75% and the processing fee is mere 1-2% of the loan amount being calculated on a case-to-case basis. They design study loans without setting any cap on finance and provide 100% coverage of education costs, making such young talents of India free from unnecessary burdens and leaving them freely pursue their higher education and thereby carve the path of their successes in life.
Incase your taking admission in foreign university students have to show sufficient proof of funds. Every student has its own set of problems such as getting a visa clearance, fund approvals, slow loan processing, incomplete finances etc. Some of the leading private finance firms have come up with unique and friendly solution for customers such as Pre-Visa Disbursement Loan, Pre-Admission Loan, Certificate of Availability of Funds, GRE score based loan, Bridge loan, fast track loan etc. which cater exclusively to students’ particular requirements and set them free from any obstacle in their road for career development.
If you have good GRE scores (295 and above) and want to study in a US university or other English speaking countries, you can apply for study loan at preferential interest rates which does not require your parent to be a co-borrower for the study loan. Such loans are known as GRE-based loan.
Some private firm also offer you finance assistance related to GRE/GMAT/SAT Exam entrance fees, cost of application to foreign universities, 100% tuition fees, and other expenses related to education in the form of bridge loan. When you apply for education loan abroad, a client relationship manager visits your house and helps you to complete all formalities of the loan.
Generally there is no collateral security for loans up to Rs. 4 lakhs. However, loans ranging from Rs. 4 lakhs to Rs. 7.50 lakhs, require collateral in the form of a satisfactory third party guarantee. And for loans above Rs. 7.50 lakhs, collateral security of appropriate value or co-obligation of parents or guardian would be required. Proper education let you become right thinker and a correct decision maker. Don’t settle down for unfulfilled dreams by not pursuing right education in life, when infact you can carve your own future path with help of study loans.