Education

Before applying for a student loan, understanding education loan eligibility is essential for ensuring a smooth approval process. With the rising cost of higher education in India and abroad, education loans have become a reliable source of financial support. However, every lender—whether a bank or NBFC—has specific eligibility criteria that applicants must meet. Knowing these requirements in advance helps students prepare the right documents, choose the right lender, and increase their chances of quick approval. One major factor in education loan eligibility is academic performance . Lenders typically look for a strong academic record and consistent performance in previous examinations. While exceptionally high grades are not mandatory, demonstrating stable academic progress helps build confidence in the applicant’s future potential. Admission to a recognized institute—whether in India or overseas—is also a key requirement. Lenders prefer students enrolled in accredited universities...

Pursuing higher education, whether in India or abroad, is one of the most significant investments a student can make. Quality education opens doors to better career opportunities, but it also comes with considerable expenses — tuition fees, accommodation, study materials, and living costs. For many families, an education loan provider plays a vital role in bridging this financial gap and enabling students to achieve their academic dreams without financial constraints. Why Choosing the Right Lender Matters Selecting the right education loan provider is not just about getting funds; it’s about finding a financial partner that understands your goals and supports your long-term journey. Each lender offers different features, interest rates, and repayment flexibility. The best providers simplify the loan process, ensuring that students can focus on their studies instead of worrying about financial stress. A good provider also ensures transparency. Clear communication regarding interest rat...

While education abroad has its appealing advantages, the rising cost of education and accommodation abroad are two significant factors influencing many students’ decisions to pursue their studies abroad. While education loans continue to be a popular choice to cover these expenses, several students and their parents often gravitate towards self-funding these expenses. What’s the difference between education loans and self-funding? A study abroad education loan is a form of credit borrowed from a bank, NBFC, or other financial institution, often against collateral. This amount needs to be repaid later, in addition to the interest accumulated through Equated Monthly Instalments (EMIs).  Self-funding or using personal savings refers to paying for educational expenses using personal or family savings, investments, or other financial resources. This usually requires careful financial planning and understanding of the costs associated with studying abroad. While self-funding does not in...