Posts Tagged ‘course’

Student Education Loan: Get Set for More Burden-less Education

It is one of the most important requirements today that everyone should obtain quality education. Though it requires money, various encouragements are given by the government as well. Providing money is one of the most effective ways to encourage education and this is being done well with the help of student education loan.

Student education loan is a provision that has been made for students to encourage them so that they do not feel burdened with the lump expenses of education, nor do their parents. With Student education loan, the student can be the borrower as well as the payer of the cost incurred on his education. But this of course happens when he gets employment. So this is another benefit for the students that they have to start repaying the student education loan only after they complete their study and get employed.

Student education loan is basically an unsecured loan that is available to students at a very low rate of interest as compared to other unsecured loan in the market. This is a special feature of student education loan so that more and more students take the initiative to take up higher study.

Through student education loan, all expenses that are incurred during his course of study can be covered. These may include boarding and lodging, study material, purchase of computer, stationary, laboratory expenses, course fee etc. The repayment has to be started once the borrower completes his course of study and gets employment.

Students having a bad credit history can also borrow student education loan to pursue further education. Rates are slightly higher for them but still far more affordable than other bad credit loans that are available in the market. An online research can help in getting expert advice in addition to low rates of interest.

Students should now take up more study as the opportunity of student education loan has surfaced for students. This makes it burden less for them and their parents as well.

Student Education Loans: to Fulfill the Desire of Going for Higher Education

Some years ago, only rich people were capable of paying high amounts of fee charges for their children. Quality and higher education was not provided for all segments of the students at that time. But, now every thing is changed. To improve the literacy rate as well as to offer bright future to all kinds of students in India, many of the government, private banks and money lenders are providing student education loans in India. Now, one can apply for these educational loans to satisfy all types of educational needs like to send their children to abroad for higher education, to pay examination and entrance fee. It can be also applied to pay caution deposit for hostel, to purchase any electronic device related to the course or to pay travel expenses in case of students go for any educational tour. If anyone has taken loan for education of his child, spouse or self, he can get tax exemption. It is applicable only for the full-time courses not for the part time ones.

The student education loans can be availed by all fields of students like technology, science, arts, medicine, engineering and law including all the professional courses. Some of the banks in India like the ICICI, State Bank of India, HDFC and HSBC are offering educational loans at very low interest rates with flexible policies.

The process of applying for the educational loan is very easier than the other loans. Just the student (or the borrower), who want to apply for these loans has to fill the application from and should submit it in the bank with by attaching needed enclosures like age proof (birth certificate), identity proof, letter from the college (in which he/she is going to join), address proof, guardian or parents documents and marks list of the qualifying examination. With the advent of Internet, most of the banks are offering online services to their customers. So, one can apply for these online loans and can get up-to-date information regarding the loan without visiting the bank several times.

After verifying the particulars submitted by you, the bank will sanction you loan and directly send the amount of course fee to the concerned college. Unlike the personal loan interest rates, the interest rates for student education loans are far too lower. This means that the loan burden is not passed to the loan borrower from the date of sanction. The students can start repaying the loan money after completing his/her course time. In case of not getting job immediately after the completion the course, some of the banks giving more six months time to start paying monthly instalments. The maximum amount that banks in India are sanctioning for the students, who study in India is Rs. 10 Lakhs and for the students, who go for abroad is Rs. 20 Lakhs.

If you want to avail student education loans, at first you should gather the information of all the banks, which offer educational loans in India. Then, you can select the best one that offers these loans at a very low interest rate with flexible terms and conditions for taking a loan.

Finally, we can say that educational loans in India are helping the students to turn their dreams into reality.

Student Loans Online: Cut the Costs of Education

Soaring cost of education has taken down to the plummet the number of students going for higher studies. Cushioning the effect of skyrocketing price high, the subscription of student loans online has been projected. This has helped escaping the potential students from sagging off.

Basically, student loans online all about making application online. Further, the online tool helps you sort out every of your hidden meaning of student loans steer clear to you. You make an online loan application. The application is readily reviewed by the lender concerned. The lender then makes a confirmation whether how much of fund you can secure. And later, the loan amount is rightly released to your account.

You get the expected sum and invest as per your requirements. Not only do the student loans pay off the course costs you are in but also the other incurring expenses overhead. These are, usually, food and lodging, computers fee, equipment costs, laboratory apparatus, transportation cost, and so on.

Well, when you almost complete your course, you do not have to rightly mull over the cost of repayment for the student loans. In fact, under the government’s rule, you can repay the student loan amount well when you start earning a minimum of £15,000. And once you got a job like then there will not be any problem at all in repaying the dues of student loans.

Your repayment plan contains the amount of the loan, interest, and some service fees. Of that the interest rates matter a lot. As the loan is sourced under the government’s consideration, so student loans online are offered at cheap rates. Else, you can scout around for the cheapest possible rates also. By comparing different lending options from different loan sources, you can cull out the best possible one.

In short, though increasing cost of education has turned down the morale of quarter of students yet the possibility of student loans online has showed them the glimmer of hope in this regard.

Get Student Education Loan and Study at India or Abroad

Education is of prime importance in our lives. Although, Government of India has made education free and compulsory up to 14 years of age; it is getting extremely expensive to get quality education. The scholarships offered by esteemed universities are very few in comparison to the many hopeful and deserving applicants. Due to the expenses, eager minds of these students are left unbridled. But all’s not bleak and gloomy, in fact, now the situation is quite the contrary. Education in India is thriving thanks to student education loans provided by many government and private banks. Let’s take a look at some of the features of student education loans.

Eligibility

Generally, education loans are provided to students of Indian nationality within the age group of 15-30 years. Another requisite of Education Loan is that the student applying for the loan must have a working parent or a guardian to be the guarantor. The Loan approval will be based on the capability of the borrower and the guarantor’s assets, liabilities, income, etc. Also, the student must hold a good academic record and he/ she should have secured admission by clearing the necessary entrance examinations for that course.

Courses

One can benefit from the student education loan (for courses in India which are approved by the state and central government as well as courses from foreign universities. The nature of the course and the reputation of the university may be checked by the bank providing the student education loan. The student education loan covers tuition fees, library, hostel, as well as other expenses of books, uniforms, travel, etc.

Loan Limit

The maximum loan limit for studies in India is Rs. 10 Lakh and the maximum loan limit for studying abroad is Rs. 20 Lakh. If the loan is for Rs. 4 Lakh and above, then 5% of the margin is applied for studies in India and 15% for studies abroad. For loan up to Rs. 4 Lakh, there are no security requirements. However, if the loan amount is higher than that, then one has to provide some sort of an assurance like property, LIC policies and Government securities. Many institutes have tie-ups with banks thereby providing lower rates. Also, some banks offer lower rates to female students.

Repayment

The repayment option for a student education loan is very flexible. Usually, one has to start paying the EMIs after the completion of the course but in case the student does not get a job then a grace period of 6-12 months is offered. In the due time, if the student gets employment then he has to start the EMI payments. The period of repayment varies from bank to bank. It can be from anywhere between 3-15 years.

These days almost every bank offers student education loan, so you will have a wide range of plans to choose from and get the best one according to your needs and requirements. student education loan assists the youth of our nation in pursuing their aspirations. So, the next time your son or daughter tells you of their dreams, you know how to make them come true!

Student Education Loans-easy Agreement For Students Online

For a student to stay alive this modern age of manufacturing requirement, she or he must discover a student education loan that could aid in bridging the educational level nationality. However, the cost of education has become highly excessive. If the parents didn’t save enough for the college education of their children, students will take no option other than to get loans to money their studies.

The procedure of obtaining a student education loan may appear to be a swamp for any student that has not been in any kind of loan yet, consequently it is smart to familiarize with nowa types of loan agreements before engaging in any.
Normally, a student education loan is an unsecured loan obtainable to students at a extremely low interest cost compared to unsecured loans in the marketplace. This is exceedingly a special feature of the student Education Loan for the reason of having further students buy the plan to take up raised learn. Extra, this is a provision completed for students to support them to keep away from feeling burdened with huge expenses of education because well as their parents.

The student education loan wraps every one expenses incurred during the course of learn of the student, which includes boarding and lodging, purchase of PC, analysis materials, laboratory expenses, and additional learning course fees.
an additional profit is that students with bad credit record is in a position to even still avail of it to follow additional education but interest rates are slightly higher other than are still low-priced than further bad credit loans in the marketplace. Obtaining excellence education is single of the the majority serious necessities everybody should take. It may need money to achieve it other than here are also a lot of kinds of bear that the government offers.