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Education Loans In India : Procedure, Requirements And Benefits Of Education Loan

Higher education is becoming one of the important requirements these days. The major factors that are considered by most of the students going for higher education are as follows: Average placement package... Read more »

Income Tax Deduction On Tuition Fee Paid For Children Education Under Section 80C

Almost all of us who have not done their tax planning till now must be looking out different tax saving investment options to avail deduction of Rs 1 lakh under section 80C. Let... Read more »

Education/ Student Loan : Process, Documents Required, Tax Implications And More

Education/ Student Loan is something that almost every family need to consider ones there kid moves out of his/her school life. Although now kids are very much vigilant towards there career which... Read more »

Education is a basic need for everyone.

An Education loan is a loan that is designed to finance education for students who want to pursue an academic degree. Banks offer an education loan to deserving and meritorious students.

These loans are designed to boost careers and give people a chance for education that they would otherwise not be able to afford. It not only covers your university fees, but it also covers other expenses associated with education such as books and tuition fees.

Education loans are available at substantially low-interest rates. Not everybody is eligible to avail for an education loan.

Some of the eligibility criteria the banks verify include the reputation of the institution the student proposes to study at, whether or not a student is capable of offering a collateral, whether parents, guardians or any other acceptable third party can be the guarantors or co-borrowers of the loan, the qualification of the student, and the student academic track record.