Education Loan in India : A financial boon for students - PowerPoint PPT Presentation

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Education Loan in India : A financial boon for students

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There are banks that charge minimal processing fees or give special extra concession to girl students, for instance does not charge any processing fees for Education Loan in India to student’s studying within India but for students pursuing loans for abroad studies. – PowerPoint PPT presentation

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Title: Education Loan in India : A financial boon for students


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Education Loan in India
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(No Transcript)
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Education Loan A financial boon for students
  • Education is one of the most planned investments
    in India.
  • Every parent wishes a bright future for their
    child.  In consideration to liberalization in
    monetary policy, onset of education loans has
    facilitated students to pursue higher studies in
    India or take up studies abroad.
  • It helps the deserving bright students to follow
    their choice of career without worrying about
    funding. It has become a boon for both parents as
    well as students.

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applying for education loan for school or
university admission
  • Rate of Interest The foremost point of
    consideration before choosing the bank is the
    offered rate of interest. It depends on three
    things I.e. Loan amount, Tenure of loan,
    Educational institution.
  • Eligibility Criterion Each Bank or FI has fixed
    its eligibility criterion based on which the loan
    is granted to the applicant student, for
    instance, students academic track record.

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  • Repayment Method Every bank or FI has its own
    repayment criterion i.e. some fix it up to 5-7
    years or some start after the completion of
    course or as the student get placed and start
    working. 
  • Collateral/Margin/Third Party Guarantee It is a
    must for all the banks provided the loan amount
    is above Rs.4 Lakhs. One can choose a bank/FI
    depending on the kind of security the applicant
    can give to the bank or FI.  
  • Amount of Loan This is generally fixed for all
    the banks i.e. Rs.10 Lakhs for higher studies in
    India and Rs.20-30 lakhs for studies in abroad.  

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  • The rates of afore-mentioned banks are
    comparatively lower than other banks.
  • The rates of other bank go from 10.25 to 14.
    In addition to that, there are banks that charge
    minimal processing fees or give special extra
    concession to girl students, for instance does
    not charge any processing fees for Education Loan
    in India to students studying within India but
    for students pursuing loans for abroad studies,
    the sanctioned limit is maximum i.e.Rs.30 lakhs
    with Rs.5000/- as processing fees.
  • Source ( http//www.blog.epravesh.com/how-to-get
    -education-loan-in-cheaper-rate-in-india/)

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https//www.facebook.com/AvanseEducationLoan
https//www.linkedin.com/company/avanse-financial-
services
https//twitter.com/avanseeduloan
https//plus.google.com/AvanseFinancialServicesLt
dMumbai
https//www.youtube.com/channel/UCcsuUx1EH1C08XmX2
embpug
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Read more on Education Loan in India
http//www.avanse.com/avanse-education-loans/
Thank You..!!!
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