Category: Education loan

Types of Collateral for Education Loans

Financing your education is a crucial step towards achieving your academic goals. While scholarships and grants are ideal, student loans often bridge the gap between educational costs and available funds. However, lenders need assurances of repayment, and that’s where collateral comes in. What is Collateral? Collateral is an asset pledged as security for a loan. […]

Does an education loan cover living expenses?

Education loans to pay for your higher education overseas are common and effective; let’s look at all the expenses under education loans to help you make the right choice. What are some expenses under education loans? Do education loans only help with tuition fees? Can education loans cover the cost of flights or help pay […]

Margin Money in Education Loans

Ever heard of the term Margin Money in Education Loans? How does it affect the average student? Do all students need to pay margin money? Find out in this article what margin money is, why it is important for students to know of it, and if it’s a compulsory fee or not! What is Margin […]

10 Reasons Why You Should Study in the USA

The USA has emerged as a top destination for ambitious students, and for good reason! This blog explores ten compelling reasons why studying in the USA can be a transformative journey, opening doors to academic excellence, personal growth, and a bright future. 1. World-Class Education: The USA boasts some of the world’s most prestigious universities, […]

Eligibility Criteria for a Co-applicant in an Education Loan

If you are taking an education loan then you have probably heard the term “co-applicant”. But who is a co-applicant? What are the eligibility criteria for a co-applicant? Why do you need a co-applicant for your education loan? Let’s find out!   Importance of an Education Loan Imagine you just got into your dream university in […]

How tough is it to get an Education Loan?

As you look to plan your child’s career and consider their higher studies in a good institute in India or overseas, the question that most parents ask themselves is, how hard is it to get an education loan? Today, education in India has become quite expensive from the school level onwards. Given the rising inflation […]

Your Guide to Education Loans in India

With quality education becoming expensive and costlier every year, education loans are becoming extremely popular among students. In reality, the price of attending a reputable university is already very high. An MBA that cost 13 lakhs a decade ago, would now cost almost double that. Parents who plan their child’s education in advance and want […]

Common mistakes when taking an education loan  

If you’ve come to this page, it’s likely that you’re looking into getting an education loan to pay for your studies abroad.   Studying abroad may be a rewarding experience that presents a wealth of chances for both professional and personal development. However, there might be a considerable cost associated with getting a degree abroad. To […]

Education loan vs Self-finance. Which is better?

Choosing between an education loan vs self-finance for your child’s higher education is as tough as planning for a child’s higher education. Most parents consider self-financing a viable alternative to pay for their child’s education by liquidating valuable assets like land or FDs or borrowing from family, friends, and relatives. Such financial assistance is not […]

Can you repay your education loans before time?

For parents who desire to send their children to continue higher education but cannot financially do so on their own, an education loan is certainly a blessing. Many people eventually sell off family belongings, including gold, to pay for their children’s further education. With the aid of an education loan, you may preserve these priceless […]