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Category: Education loan

  • Education loan

Is it worth taking an education loan?

The common myth about student loans is that they apply to only students who come from underprivileged family backgrounds. While education loans are crucial for meritorious students from not-so-well-to-do families, they can be a go-to event for families that can afford to pay for their kid’s education. You might wonder, why go for education loans […]
  • Education loan

Ultimate guide: Education loan for studying in the USA

Education loans for the USA have become a necessity because the cost of studying abroad is incredibly expensive. Every year Indian students travel to the USA to pursue their education at the top universities. Only some of them manage to arrange the funds, as the rest of them have to rely on education loans.  Several […]
  • Education loan

Ultimate guide: Education loan for studying in Canada

The demand for education loans for Canada is quite high all over the world, especially amongst Indian students who aspire to pursue their education overseas.  Top-grade universities and colleges in Canada, unique curriculum, numerous options in diploma and degree programs, diverse exposure to an enchanting country and its culture, and excellent career opportunities lead to […]
  • Education loan

How much should you borrow in student loans?

Student loans (commonly known as education loans in India) are a financial tool to help students pursue higher education. The biggest question to ask before availing of any loan is how much should you borrow in student loans. This is because taking on a loan is a huge responsibility; you need to pay the monthly […]
  • Education loan

How to avoid foreign education scams?

Every year thousands of Indian parents send their children abroad to study in hope of a better future. Planning this mega event is tedious and expensive, any obstacle in this plan can potentially delay your child’s future plans. Scams are one of the biggest obstacles. Let’s find out what are some major foreign education scams […]
  • Education loan

What are the processing fees for education loans in India?

Processing fees for education loans are fees charged in advance by the education loan provider to the applicant. Processing fees vary from bank to bank; it also depends on whether you are pursuing a domestic degree or opting for an international program. Most banks charge a processing fee of 1% and above on the latter […]
  • Education loan

What are Top up education loans? All you need to know

Top-up loans are available for parents/students who have already taken out an education loan. Top-up loans can be obtained from the same bank where you previously obtained an educational loan.  What are Top up loans? The amount supplied to the borrower by a lending institution in addition to the current loan is referred to as […]
  • Education loan

Personal loan vs Education loan: Which is better for the future?

Higher education has become a necessity in today’s competitive environment. And the cost of quality education is increasing every year gradually. Many of us don’t plan for such high college fees, and some of us cannot anticipate it. So, to pursue higher education, we need external funds, which can be funded by a loan from […]
  • Education loan

Does education inflation impact student loan interest rates?

Education inflation impacts student loan interest rates, however, this impact is not direct or uniform. In inflationary times, the chances of high-interest rates are feasible because the need to cut demand in the market is high.  1. Education inflation rises faster than the standard economic inflation This means that if the standard inflation in the […]
  • Education loan

Should you opt for a personal loan for an online Master’s degree? 

Post-pandemic online master’s degrees have become extremely popular. If you have applied for an online degree and are finding it hard to pay the fees, then here are some merits and demerits of opting for a personal loan for an online master’s degree!  From top universities like Harvard University, Oxford University, the University of Edinburgh, […]