Q1
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How the interest of the education loan is paid?
I heard that Banks will charge interest from the same month of the loan(Education Loan) sanctioned and the borrower has to pay it from the same month. Is that true?
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Asked by on 2010-03-16 20:03:38. |
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Yes , banks will charge interest from the very day they have given money. They will charge interest on the amount they have given. If the loan is released in three instalments , then interest on second and third instalments will not be charged from the first day , but from the days on which those instalments were released.The charged interest need not be paid by the borrower till the 'holiday period' or 'moratorium' (for interest) is over.There may be different moratoriums for principal and interest. Sometimes Bank does not allow any moratorium for interest. In that case interest has to be paid from the first month itself. It is necessary to ascertain the stipulated manner of payment while availing first instalment of loan. Banks do not compond interest on housing loans till end of the moratorium period.
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Answered by serviceuser on 2010-03-16 23:03:34. |
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A1
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Q2
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What is the procedure to get an education loan?
i m planning to do a course in animation from MAAC Delhi.
Can any one tell the procedure to get an education loan?? What are the formalities involved in it?
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Asked by rakesh s on 2009-03-04 16:03:05. |
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You can approach the nearest branch of a bank in your area or the bank at which your father, mother or any of your family members have account: Your previous educations records: fathers income details: admission details for the above course: details about the course and job opportunity after the completion
You go to the Bank with above details: approach the education loan officer: Give will ask the details and you show all the documents you have:I hope you will get if the course is eligible for aid:
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Answered by ar.samy on 2009-03-05 08:03:44. |
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A2
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Q3
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What are the formalities for getting education loan for learning MBA?
Hai I've completed B.A English and now desired to do MBA in any one of the colleges in Chennai.I think that I'm not so intelligent to get a seat for MBA on merit basis and i don't have sufficient money for getting enrolled in a management college.So could anyone inform about the formalities and documents required for getting an instant education loan in a trusted bank.
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Asked by yuppie on 2009-02-11 11:02:44. |
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http://getinfo.biz.tm
A very informative website you can also get much information in website
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Answered by Mirabelle M on 2009-02-11 11:02:17. |
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Q4
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Can i get education Loan for my higher studies ?
i want to do MBA in a good b- school but i am in short of financial resources to pursue my dream.
can i get education loan from any bank & what are there terms & conditions for providing education loan ?
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Asked by lipoo on 2010-09-04 16:09:52. |
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Different Types of Education Loans in India:
Education loans can be basically categorized into three categories:
* The Government Loan
* The Parent Loan
* The Private Student Loan
Sources for Educational Loans
If you think you really need education loan to take your studies further, then it is not as such hard to look for the sources for education loans after you have deciding upon the type of education loans. You will find that there are numerous sources where you can apply for these loans. All you need to do is to research these sources so that you get best financial support program.
Financial Institutions: Here you can have flexible and competitively prices loans to meet diverse education needs. Even some financial institutions offer customized education loan type considering the need of the applicant. The interest rate on these loans is comparatively low and you have long reimbursement option. In addition to this, in certain cases, you will be provided with the choice of repaying the loan after graduation. Thus, you can do your studies more attentively instead of concentrating on your debts.
Banks: Almost all of the banks these days have the facility of education loans. In fact, banks are offering special packages to meet the needs of students were you can postpone the repayment of the loan until you finish your studies. Other than this, students can facilitate other banking services too which are designed specifically for students only such as student credit cards or personal lines of credit to name few so that you are able to arrange certain emergency loans while getting your degree.
Colleges and Universities: You can also seek financial support from colleges and universities too. For the purpose, you will need to consult to the financial aid office of the college or university you intend to attend. After beginning attending the educational institution, the first thing you need to do is to consult the financial aid office in the campus. Almost all of the colleges and universities have the option of offering bursaries, grants and scholarships to students studying there.
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Answered by on 2010-09-07 10:09:30. |
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 A4
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Q5
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What are the formalities to get an education loan?
Hai I've completed my U.G(B.A English) and desired to go for a MBA with the assistance of an education loan.Could anyone guide me
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Asked by yuppie on 2009-02-28 15:02:26. |
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Many Banks, financial institutions, online lenders etc are ready to offer the loans for students. But students considering their precious time and finds easy to via online as it provides easy access than other source. There are a large number of requirements other than college or course fees. Some of the most crucial are computer expense, hostel charges, and books and so on. The best college student loans are one which comprises all such expenses. But, to qualify for any such one, you have to give it your best shot as far search is concerned. Such purpose can be accomplished by exploring World Wide Web. You will find an innumerable number of lenders offering college student loans.
http://loan-house.we.bs/studentloan.html
http://loan--house.blogspot.com/2008/03/private-student-loans.html
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Answered by Chunnu on 2009-02-28 19:02:13. |
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Q6
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I want to buy a computer through education loan ?
iam studying b.tech 1-year of Electical and Communication Engineering (ece). Please tell another way to find loan if it is not possible by education loan.
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Asked by on 2011-10-16 15:10:57. |
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http://www.indianbank.in/education.php
here is link about ur question, but go thr it carefully and ask ur parents or some other confidant...before going further
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Answered by on 2011-10-16 15:10:49. |
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A6
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Q7
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How can i get Education loan in United State ?
Is any one can tell me how can i get the education loan in United State for my higher education ?
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Asked by on 2012-02-01 19:02:17. |
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A7
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Q8
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I want to take a education loan for my MBA in TAPMI?I have no Property to give as security?What to do?
Hi.I am planning to do my MBA from TAPMI.Looking to seek an education loan of around 8-9 lakhs for 2year period.I have no property to show as security.I am working for a company,so can my Account or Income tax file work as security.If not,what are other options???
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Asked by ankit_rg on 2008-04-17 10:04:56. |
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Dear ankit,
you do not need to put property papers for education loan.
Go to a nationalized bank and they will guide you through. Normally all they want is an Term insurance equalant to the loan amount.
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Answered by cancerians_are_emperors on 2008-04-17 14:04:07. |
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A8
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Q9
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Can a detained student get education loan?
If I am detained at 6th sem, B.E., Computer Science & Engineering, can i get education loan for 7th sem?
For my 7th sem fee and to buy a laptop?
detained means failed,
not allowed to enter into next semester without clearing some subjects.
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Asked by prabhu on 2008-04-03 11:04:54. |
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There are a lot of student loans lenders.Before you go for a check on the interest rate and also see that the lender is legitimate.
Do not pay any money to get the loan.
For more information, please visit
http://clg.klik-au.com/
and
http://clg1.klik-au.com/
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Answered by Aranta on 2008-04-06 09:04:32. |
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A9
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Q10
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Can I get Education Loan for studying abroad?
I am willing to do MSc Software Engineering in London. For that can I get Education Loan for studying? Which of the banks are giving Education Loan for studying abroad? If possible means how much money could I get? What are the qualification does I need for eligible for that? Shall I want to show any security? Shall I give any security deposit for that? Give me the suggestions. Thanks.
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Asked by RK on 2010-04-21 13:04:05. |
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RK you can do MSc in India from UK Universities and fee will be less then half compared to studying in UK. All the Qualifications they offers have the same status as those studied in the University campus.
you can check with www.rdicentre.com its a UK based company and office in bangalore.
they provide UK qualification on distance/online mode and the best part is it has the same status as those studied in the University campus.
they have got university like University of Bradford, University of Birmingham, University of East London, University of Sunderland, University of Wales, University of Derby, University of Teesside, Sheffield Hallam University, Birmingham City University.
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Answered by kunal on 2010-04-22 00:04:54. |
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A10
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