1 / 10

Education Loan: Tips For Education Loan

RahulSingh
Download Presentation

Education Loan: Tips For Education Loan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Education Loan

  2. Tips For Education Loan

  3. Along with the burden of exams and getting admission into a good university there is another major issue, which the students have to deal with and that is to arrange the expenses. To overcome this burden many banks offer different types of education loans. Although it is quite tuff to figure out the best scheme available, students need to clarify certain things before deciding on one. We have come up with few tips which would be of help while picking out the best option. • The student loans are increasing constantly, in case of India; the number of student loans has increased more than ten times since 2004, this calls for better awareness among the students and the parents. So these pointers would surely help you, avoiding excess fees and extra interest costs, protecting your credit rating, and keeping your payments affordable.

  4. Understand the loan • The first thing to keep in mind before going for any loan is to do your homework very carefully. Do read the terms of each and every loan option carefully before applying. You may get a better rate through a different bank, so you should explore all your options. It is very important to understand the eligibility criteria and all the other aspects, which the loan covers to complete the education, before applying.

  5. Know Your Grace Period • There is different grace period for different types of loans. Grace period is the time you can wait after completing your course before you have to start making your payments. So you should have a clear idea about the market and anticipate the Job scenario once you leave the college, so you are in a comfortable position while paying instalments.

  6. Do Not Default • There has been a sharp rise in the number of defaults, as the lending rates have increased over the years. Non-payment spoils the credit score of both the student and the co-borrower, so never ever default on your loan payments.

  7. Pre-payment fees of loan • It is always better to pay off your loans as soon as possible, but at times lenders impose extra fees for pre-payment of the loan. A certain percentage of the remaining balance is charged in case of loan closure.

  8. Keep these pointers in mind and don’t hesitate to ask for help • If you have any queries about education loan, or need help about how much to borrow, don’t be reluctant to contact the bank’s loan executive. • Source : http://blog.nba.edu.in/2014/04/tips-for-education-loan.html

  9. https://www.facebook.com/AvanseEducationLoan https://www.linkedin.com/company/avanse-financial-services https://twitter.com/avanseeduloan https://plus.google.com/+AvanseFinancialServicesLtdMumbai https://www.youtube.com/channel/UCcsuUx1EH1C08XmX2embpug

  10. Read more on EducationLoan : http://www.avanse.com/avanse-education-loans/ • Thank You..!!!

More Related