Educational Loan Overview
Every fancy your son attending the Harvard business school? Or, you, young lady, want to fly an aircraft? Perhaps, you have the admission letter from your dream university across seven seas; you now only need the dough...
If the obstacle is cash, an education loan is the answer. The icing on this cake is that such education loans not only cover the cost of the tuition fee but also almost all the expenses involved in the pursuit of academics. You just need a set of eminently gettable documents and a guarantor to set yourself on the road to academia.
If the obstacle is cash, an education loan is the answer. The icing on this cake is that such education loans not only cover the cost of the tuition fee but also almost all the expenses involved in the pursuit of academics. You just need a set of eminently gettable documents and a guarantor to set yourself on the road to academia.
Till some years back higher education and quality education was not affordable to some illustrious students because of the financial constraints. There was no any alternative but to jump in the job market prematurely.
And this led to untimely end of budding talents and their forceful transformation into to the mediocrity.
And this led to untimely end of budding talents and their forceful transformation into to the mediocrity.
Scholarships
were there, but those were so less in numbers that only luckier few could avail them. But now the scene has changed drastically.The boom in the banking sector has led to release of large amount of funds for education loans. Now, education loans are easily available from various banks in India and this change is encouraging more and more students to take up higher education despite their financial shortcomings.
Many nationalized banks have come up with various educational loan schemes that
students can benefit from.Even private banks are not lagging far behind. The wave of change could be well gauged from the amusing situation that immediately after the results announcements of CAT or PMT/ IIT JEE, the representatives of the banks queue up for giving education loans to the successful candidate even with very flexible conditions. This scenario is certainly helping the illustrious students to pursue higher education and realize their dreams. Here, we have tried to list the name of banks and the details about various educational loans provided by them.
Benefits of Taking Education Loans
The question which sometimes puzzles the mind of both aspiring students and parents is why one should opt for an education loan.1. Financial support for professional courses such as MBA, BTech and MBBS
2. Avaliable for higher education in India and abroad
3. Easy repayment only after job placement
4. Affordable Interest Rates
5. Lesser burden on parents
6. Loan cover upto as much as 20 lac avaliable by various banks
7. Expenses such as tuition fees, travel expenses, hostel charges are included in education loan
