The education loans in india are provided by many banks very quickly with less documents, So most students in india takes education loans to pursue their higher education.
Thursday, July 1, 2010
Who can Apply for Education Loans in India
In india all the students who were studying in india or abroad at any recognised schools, colleges and universities can apply for education loans.
Tuesday, May 4, 2010
Get Education Loan in India
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 is 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.
Generally, Education Loans are provided to students of Indian nationality within the age group of 15-30 years. Another requisite of Education Loan 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.
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. The nature of the course and the reputation of the university may be checked by the bank providing the Student Education Loan. The Student Education Loan covers tuition fees, library, hostel, as well as other expenses of books, uniforms, travel, etc.
The maximum loan limit for studies in India is Rs. 10 Lakh and the maximum loan limit for studying abroad is Rs. 20 Lakh. If the loan is for Rs. 4 Lakh and above, then 5% of the margin is applied for studies in India and 15% for studies abroad. For loan up to Rs. 4 Lakh, there are no security requirements. However, if the loan amount is higher than that, then one has to provide some sort of an assurance like property, LIC policies and Government securities. Many institutes have tie-ups with banks thereby providing lower rates. Also, some banks offer lower rates to female students.
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, so you will have a wide range of plans to choose from and get the best one according to your needs and requirements. Student Education Loan assists the youth of our nation in pursuing their aspirations. So, the next time your son or daughter tells you of their dreams, you know how to make them come true!
But all is 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.
Generally, Education Loans are provided to students of Indian nationality within the age group of 15-30 years. Another requisite of Education Loan 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.
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. The nature of the course and the reputation of the university may be checked by the bank providing the Student Education Loan. The Student Education Loan covers tuition fees, library, hostel, as well as other expenses of books, uniforms, travel, etc.
The maximum loan limit for studies in India is Rs. 10 Lakh and the maximum loan limit for studying abroad is Rs. 20 Lakh. If the loan is for Rs. 4 Lakh and above, then 5% of the margin is applied for studies in India and 15% for studies abroad. For loan up to Rs. 4 Lakh, there are no security requirements. However, if the loan amount is higher than that, then one has to provide some sort of an assurance like property, LIC policies and Government securities. Many institutes have tie-ups with banks thereby providing lower rates. Also, some banks offer lower rates to female students.
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, so you will have a wide range of plans to choose from and get the best one according to your needs and requirements. Student Education Loan assists the youth of our nation in pursuing their aspirations. So, the next time your son or daughter tells you of their dreams, you know how to make them come true!
Sunday, April 18, 2010
Business Loans in India
In india several banks are offering business loans at very low interest rates. Most of the private and government banks in india are giving business loans upto 25 lakh Indian Rupees for starting a new business.
Banks in india are also giving business loans upto 10 Crores for extending an excisting business, To get a business loan in india one should show colletral or needs to give some security for the loan amount.
People can get both the secured and unsecured business loans in india, The persons who were age above 23 years and having a good business plan are eligible to apply loans in india.
To check out the list of banks which are issuing business loans in india can go to loansbuzz.com
Banks in india are also giving business loans upto 10 Crores for extending an excisting business, To get a business loan in india one should show colletral or needs to give some security for the loan amount.
People can get both the secured and unsecured business loans in india, The persons who were age above 23 years and having a good business plan are eligible to apply loans in india.
To check out the list of banks which are issuing business loans in india can go to loansbuzz.com
Saturday, March 6, 2010
Apply for a Personal loan in India
To apply for a personal loan in india first you need to choose the bank that offering the loan with low interest rate. There are many banks in india which are providing personal loans at very low interest rates so its not an easy task to select a bank instantly.
You need to do research about the banks that offering personal loans in india before applying the loan. Few banks provide very less amount as loan but many banks are providing huge amount as personal loans to their customers in india.
In india most of the banks offer personal loans to both the people. That means those people who are having good and bad credit history can avail personal loans from banks in india.
After selecting the bank you can apply the personal loan by going to their nearest branch office or can also apply the personal loan amount online at that banks official website.
Note - This is a guest post from loansbuzz.com
You need to do research about the banks that offering personal loans in india before applying the loan. Few banks provide very less amount as loan but many banks are providing huge amount as personal loans to their customers in india.
In india most of the banks offer personal loans to both the people. That means those people who are having good and bad credit history can avail personal loans from banks in india.
After selecting the bank you can apply the personal loan by going to their nearest branch office or can also apply the personal loan amount online at that banks official website.
Note - This is a guest post from loansbuzz.com
Tuesday, March 2, 2010
Cheapest Home Loan in India
There are various banks which are providing cheapest home loan in india at attractive interest rates to their customers. Most banks in india are showing interest in offering cheapest home loan with low interest rates.
Cheapset home loan is nothing but a home loan which is issued with cheap or low interest rates. Not only banks there are many financial companies which are provinding cheapest home loan in india.
To get eligible for the cheapest home loan india the loan applicant need to have a minimum age of 21 years and should earn atleast 1.5 lakh Rupees per Annum. The home loan borrower need to submit all the documents correctly to get the loan approved instantly in india.
Cheapset home loan is nothing but a home loan which is issued with cheap or low interest rates. Not only banks there are many financial companies which are provinding cheapest home loan in india.
To get eligible for the cheapest home loan india the loan applicant need to have a minimum age of 21 years and should earn atleast 1.5 lakh Rupees per Annum. The home loan borrower need to submit all the documents correctly to get the loan approved instantly in india.
Saturday, February 13, 2010
Home Loan in India
In india, Home loan is the best option to the normal people for builing new home, purchsing home or for rebuilding existing home. Many banks in india are providing home loans with low interest rates.
Most banks in india are issuing the home loan immediately for the loan applicants. The applicant must have atlest 21 years of age and should earn a minimum of 1 lakh rupess per annum to get the home loan approved in india.
Home loan is granted to both indian residents and NRI's from the indian banks if applied with all documents perfectly. Home loan in india ranges from 2 lakhs to 10 lakhs.
Along with banks few financial companies are also providing home loan in india. Taking a home loan from banks is better than taking a home loan from a financial companies in india.
Note - This is a guest post written by Ravi the admin of Loansbuzz.com
Most banks in india are issuing the home loan immediately for the loan applicants. The applicant must have atlest 21 years of age and should earn a minimum of 1 lakh rupess per annum to get the home loan approved in india.
Home loan is granted to both indian residents and NRI's from the indian banks if applied with all documents perfectly. Home loan in india ranges from 2 lakhs to 10 lakhs.
Along with banks few financial companies are also providing home loan in india. Taking a home loan from banks is better than taking a home loan from a financial companies in india.
Note - This is a guest post written by Ravi the admin of Loansbuzz.com
Thursday, February 11, 2010
Student loan in India
Student loan in india is having good demands from the students. Many banks are providing student loans in india at attractive interest rates. Taking a student loan is the only option for the poor students to pursue their higher education.
In india, Student loans are helping the students pay for their education. Student loan in india covers the college, travel,laboratoy and stationary fee. Most Banks in india offers Student loan for the students studying in india and abroad.
The maximum amount of student loan offered by the banks for the students studying in india is 10 Lakh Rupess and 20 Lakh Rupees for the students studying abroad. There are manys banks in india which are granting student loans instantly with mimimum documents for the students.
To get the student loan approved in india the student need to have atleast an age of 18 years and the must not exceed40 years. The student loan applicant must sumbit all the documents correctly to get the loan approved from the banks in india.
In india, Student loans are helping the students pay for their education. Student loan in india covers the college, travel,laboratoy and stationary fee. Most Banks in india offers Student loan for the students studying in india and abroad.
The maximum amount of student loan offered by the banks for the students studying in india is 10 Lakh Rupess and 20 Lakh Rupees for the students studying abroad. There are manys banks in india which are granting student loans instantly with mimimum documents for the students.
To get the student loan approved in india the student need to have atleast an age of 18 years and the must not exceed40 years. The student loan applicant must sumbit all the documents correctly to get the loan approved from the banks in india.
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