Education Loan
Welcome ! You choose Education Loan.
1) What do you mean by Education loan..?
--> Student Loan is also called as Education Loan .
An education loan is a sum of money borrowed to finance post-secondary education or higher education-related expenses. Education loans are intended to cover the cost of tuition, books and supplies, and living expenses while the borrower is in the process of pursuing a degree.
2)Features of Education loan..?
-->The loan amount can go up to Rs.1 crore for international students and up to Rs.50 lakh for domestic students.
-->100% financing available for certain conditions.
-->The financing covers other expenses, such as student exchange travel expenses and laptop.
-->Preferential forex rates may be available for international disbursements.
-->Loan repayment tenure can go up to 12 years after six months from completing the course.
-->Parents should be joint borrowers for the education loan.