Education Loan For Abroad

Get a Student Education Loan to Complete Your Study

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 it 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.

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 for Abroad, so you will have a wide range of plans to choose from and get the best one according to your needs and requirements.

Source: http://ezinearticles.com/?Get-a-Student-Education-Loan-to-Complete-Your-Study&id=4142386

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