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Collaterals under study loans

Students today have started opting for study loans that helps cover their university tuition while they are studying. And to support this, there are multiple banks and NBFCs that support them by providing different loan plans that make pursuing higher studies a viable option even with low financing.

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Collaterals under study loans

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  1. Collaterals under study loans

  2. Students today have started opting for study loans that helps cover their university tuition while they are studying. And to support this, there are multiple banks and NBFCs that support them by providing different loan plans that make pursuing higher studies a viable option even with low financing.

  3. Study loans with collateral Banks and NBFCs usually ask for collaterals pledging a security for the loan. While there are those who go for loan plans without collaterals, having collateral can play in your favour. Many students prefer collaterals as they can get a lower interest rate for their loans.

  4. The most obvious reason of taking a secured loan is that you can take higher loans and having more than just your university tuition paid. If you are studying abroad, you will have to spend money on your accommodation, travel, and other education related expenses unless you have a proper loan that will cover the expenses.

  5. Study loans without collateral Getting loans as low as 7.5 lakhs or even 10 lakhs will not exactly cover much of your tuition fees. Well, sure if you have a scholarship to cover the rest, you could go for a lesser loan amount. If you are looking for higher loan amounts without any collateral, you could approach the Non-Banking Finance Companies (NBFC).

  6. When it comes to getting an educational loan, banks usually give loans of about 7.5 lakh without collateral. Depending on the profile of the student and co-borrower you can also get loans up to 10 lakhs given that you are plan on studying abroad.

  7. Given your choice of loan amount you will have to choose whether you want to opt for a secured or an unsecured loan. If you’re confused about what option is better for you, you could connect with the different banks and NBFCs to get the right guidance. It is always better that you meet the loan executive with your parent or guardian whoever will be acting as your co-borrower.

  8. Depending on your preferences, the lender helps you structure your study loans. Like in some cases there are students who look for unsecured loans and some prefer placing collaterals. There are cases where you can have two co-borrowers to get a higher loan without any collateral.

  9. Facebook:-https://www.facebook.com/AvanseEducationLoan/ Twitter:-https://twitter.com/avanseeduloan YouTube:-https://www.youtube.com/channel/UCcsuUx1EH1C08XmX2embpug Instagram:-https://www.instagram.com/avansefinancialservices/

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