Education Loan in Shadipur, Delhi

Over the last few years, the number of students aspiring to study abroad has increased. And needless to mention, there is quite a few universities and institutes that are very much welcoming for the Indian students. Finances, which used to be a main concern for most Indian students, are no longer a matter of trouble now. Thanks to the various education loans that are available for students today. While we can guide you throughout the process of getting your education loan approved, there are lot of things or rather requirements that you should be aware of. So, to begin with, here is a list of the general requirements that apply for any student applying in a foreign university: A co-applicant is a must (could be parents, a sibling or a spouse). If a student goes abroad, lender recovers the remainder from co-applicant For loans between Rs 4 – 7.5 lacs a third party guarantor is required Loan repayment commences 6 to 12 months after course completion Collateral needs to be provided for student loans above Rs 7.5 lacs Apart from these general requirements, lenders have their own criteria. For those applying for education loan for India, lenders will look for AICTE or UGC approval. Now, education loan required for India (Inter-alia) include:

Education Loan, Financial Services, business loan, Personal Loan