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Education Loan in India- Things You Must Learn

Doing MBA in Delhi used to be extremely difficult twenty years back. However, the emergence of the private sector in education has made it easier for the students to look up to professional MBA degrees from the privately run business management colleges of Delhi. Earlier the city only had a few public sector management colleges which were able to impart education to a few hundred students every year. Nonetheless, with the coming up of private colleges in the city, students are now able to take up MBA and BBA courses in Delhi. These colleges offer PGDM to the students who do not have the time and money to enroll for a two year degree course.

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Education Loan in India- Things You Must Learn

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  1. Education Loan in India- Things You Must Learn Education Loan

  2. Education Loan India • Student loan is one of the popular methods of backing higher education in India with increasing price of educational degrees. Presence of many self-financing institutions for advanced learning in fields of engineering, medical and management which has higher fees than their government aided counterparts have encouraged the trend in India. Most large public sector and private sector banks offer educational loans.

  3. About Way2College • Way2college is a web portal for complete information of more than 22000 Colleges in India. You can also find list of Engineering, MBA, MCA and B Ed colleges in India. It also list top colleges of Animation, Law, MBA and Engineering streams.

  4. Types courses for which the students can get an education loan • Professional degree or diploma courses, graduation or post graduation courses offered by the universities or colleges approved by the Government/ AICTE/UGC, IMC etc. • Diploma/Degree courses offered by different autonomous institutions • Professional/technical courses like Medical, Engineering, Management, Law, Pilot Training etc. • Executive programs, vocational training and some other courses approved by the financial institutions

  5. The most common expenses, which are covered by this loan include: • Examination/laboratory/library fees • Fees payable to the school/college or hostel • Caution deposit/refundable deposit/building fund • The amount required for purchasing the uniforms/books • Passage money/travel expenses for studying in abroad

  6. Eligibility for Loan • who are planning to apply for loan for their education must be an Indian citizen and should be of 18 years or more. Besides, there should be a confirmed admission in the particular institute before the ultimate disbursement of this loan. Apart from that, this loan should also be co-signed by any earning co-borrower. In case you don’t know about the term co-borrower • The co-borrower is an Indian citizen and this person should be the guardian, parent or sibling of the loan applicant. If the loan applicant is married, then the co-borrower can also be the spouse. As the co-borrower is considered to be the primary debtor in this case, the person should have a bank account in any leading bank of India along with the cheque writing facilities.

  7. Thank You !! • Call on: +91-9413186563 • E-mail on: Jobs@way2college • Visit on: www.way2college.com

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