Guidance to students for Study loans
Finance assistance helps to take education loan. Most of the students opting for higher education abroad have increased exponentially in the past two years. Also, there are number of students opting for overseas education loan due to increase in the expenses of quality study abroad.
Now days, there are many lenders provide loans to students for study.
When any student applying for an education loan, you must keep in mind the following norms:
- co-applicant must ( could be parents, a sibling or a spouse )
- Education loans between 4 – 7.5 lacs a third party sponsor is compulsory
- Education Loan repayment begins 6 to 12 months after complete study course
- If a student goes foreign , lender recovers the remainder from co-applicant