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The advantages of studying in India

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Helping the students to pursue the educational field of their choice, without surrendering to the financial burdens of study fees. – PowerPoint PPT presentation

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Title: The advantages of studying in India


1
The Advantages of Studying In IndiaThe
Advantages of Studying In India
2
  • India is a developing country with an
    ever-increasing economy where more importance is
    given to the skilled population. Education is one
    of the most important skills in the recent times.
    However, with the increase in the demand for
    education, the fees of the educational
    institutions have soared through the roof. This
    has caused distress for many students and parents
    alike. Parents spend most of their savings in
    their childs studies, yet are unable to collect
    the required amount of capital required. However,
    unlike the earlier times when there were no
    alternatives except the traditional money lenders
    who would charge exorbitant interest rates on the
    loaned principal amount. In the recent times,
    there are a number of banks and NBFCs
    (non-banking financial institutions) who would
    provide the same monetary assistance at
    comparatively lower interest rates. Thus, helping
    the students to pursue the educational field of
    their choice, without surrendering to the
    financial burdens of study fees.
  • .

3
Why study in India?
  • In the recent years, India has been the focus of
    advancing educational studies and has established
    itself as one of the educational hubs. Because of
    this, there are more numbers of students not only
    from India but from around the world applying for
    the various courses available in order to study
    in India. The various courses available in the
    country for study purposes range from traditional
    to non-traditional courses such as engineering,
    medicine, arts, law, hotel management, mass
    media, and much more. Even the banks and NBFCs
    (non-banking finance companies) are keen to
    empower the students by providing them with
    financial assistance in the form of educational
    loans.
  • Are all expenses included under the education
    loans?
  • The education loans not only take care of ones
    college fees, tuition fees and the cost of study
    material but also take care of the other
    miscellaneous expenses incurred by that
    individual while completing the course.

4
  • What is the collateral required in order to
    procure a student loan?
  • The collateral required is determined by the
    principal loan amount taken from the bank. The
    different types of collaterals are
  • Residential property in the form of house, flats,
    and apartments can be kept as collateral.
  • Even ones savings which are in the form of FDs
    (fixed deposits) and RDs (recurring deposits) can
    be kept as security with the bank.
  • One can provide his existing house mortgaged on a
    second charge basis as collateral as long as it
    is equivalent to the required security coverage.
  • Any non-agricultural land can be kept as
    collateral in order to procure a loan with the
    bank or NBFCs (non-banking financial companies).
  • His or her life insurance policy can be kept as
    collateral as long as it meets the required
    security coverage criterion.
  • The various education loans provided by banks and
    NBFCs (non-banking financial companies) at lower
    interest rates have encouraged students to pursue
    higher education and study in India. This has
    resulted in the overall growth of student
    education in the country.
  •  

5
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