How to Apply For Education Loan?
Education Loan: Friends, today we are going to give you information about education loans. Education loan is such an important thing which is necessary for everyone's life.
We keep giving you information about government schemes on our website. But today we thought that we Get you complete information about education loans so that any person who wants to get higher education for their children and want to get education loan, they should have complete information about this education loan or any child who completes his studies by taking education loan for himself.
Education Loan
This article is very important for him, we all know that not everyone in our country is rich enough to enable their children to get higher education, but it is the dream of every parent and child to have higher education like others.
But despite being intelligent, he is not able to get an education, the main reason for this is because of lack of money !!!!!!!! But now it is over if you have the skill to study and you want to become something then an education loan will be very useful for you which will help you to make your dreams come true.
But now everyone's heart has this question in their mind if you get an education loan, how to get it, is it easy to take, will it be good to take a loan or not. Many such questions come to our minds whether we will be able to repay the loan or not.
For which courses education loan/education loan will be available
Friends, we all know that whatever is spent on the education of 12th, the parents do it. Because till the 12th class, many scholarship schemes are going on for the government. Under which the studies of class XII are completed easily.
But after class XII, when we want to get any higher education, then we miss the money and at the same time, we need to take an education loan. But the most important question is what kind of studies will we have to do, due to which we can take an education loan?
Today there is a system of education loans for all types of courses. If you are doing technical, management, and other vocational courses, then you can easily get a loan. The main condition for this is that your institution should be recognized by the government or any government.
To study abroad
Friends, let me tell you that you can get an education loan even if you want to complete your studies abroad.
Education Loan / Loan Amount
- To study abroad – Maximum Rs 20 lakh.
Friends, let us tell you here, it depends on how much loan you want to take, if you want to take less loan then you can also take that. That is, you can take as much loan as you can repay by taking it.
Eligibility for Education Loan
- Applicant's age should be between 18 to 30 years.
- Admitted to a professional or technical course through an entrance test or selection process.
- This scheme is only for recognized technical and vocational courses in the country and abroad.
- The applicant should not have any outstanding loan from any other bank or bank.
- Education loans should be requested only at your nearest bank branch.
Documents Required for Education Loan
- Application letter
- Mark sheet of passing the exam
- Admission Certificate, Expenditure Details, and Course Duration
- Structure of Fee (Certificate from College/University)
- two passport size photographs
- Identity Card (ID Card, Voter ID, or PAN Card) of the candidate/parent/guardian and guarantor (as applicable)
- Residence proof (Ration card or Voter ID card or passport or photocopy of electricity or telephone bill or any other form acceptable to the bank)
- Guarantor details (when loan amount exceeds Rs.4 lakh)
- Certificate of Income of the Borrower/Guarantor
- Affidavit that the parents and students have not taken any loan from any other institution.
NOTE:
Friends, we want to tell you the most important thing if you want to take an education loan and you do not have a guarantor. Whose income is good or he is working in the government job.
Education Loan Interest Rates
Friends, it depends on how much education loan you have taken, you will get interested in the same. But let us tell you the most important thing that from the day you will take education loan. And till your studies are not completed. You do not have to pay interest.
Loan payment
But as soon as your studies are completed, after that, you will get interested in the amount which you will have to pay. After that, the bank will make your loan/loan instalment, and accordingly, you will have to pay the loan instalment every month.
Friends, if you want to get an education loan online, then we are telling you the website of some banks, by going there you can get educated.
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