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Borrowing was relatively easy so far if you would have applied for the education loans. There is no differentiation on colleges to approve your loan application. At least  there is no rules enforced to check the credibility of the colleges and its job placement before approving the education loans. In the recent report, defaults on [...]

In my earlier posts I have covered more details about the education loans and what are the courses covered under the education loans. Education loan is one of the important policy for the development of India. If we are looking into the India’s population, most number of people under 30 age and they are very [...]

Introduction In this article I will be writing about the various points which you must be aware before applying for a education loans. In my previous posts I have written about the interest free education loans and what are the eligibility criteria to get the interest free education loans. But, I have not explained anything [...]

Introduction I have published article on Interest Free Education Loans on 2009 and updated with another article once the scheme becomes operational. There are lot of queries on each article about the eligibility to apply for the scheme and various doubts. I have decided publish another article with more details about the scheme and the [...]

It is almost one year back, I have written about the interest free education loans announced by the Indian govt. for Indian students who are pursuing the studies in India. It is one of the great reforms in the education sector to help the poor students. The qualification to avail this scheme is, if your [...]

In this article I will be writing about the Income Tax exemption for the education loans. Earlier I have written few articles about the education loans in India and the new interest free education loans announced by the RBI. Many of us not aware of the tax exemption on the interest amount paid for the [...]

Education loans above Rs.4 lacs will have the low interest rate compare to the present interest rates in the market. RBI is working with the few of the major indian banks to reduce the interest rates for the education loans. It is recommending the banks to reduce the benchmark prime lending rate (BPLR) with a [...]

Today there is a significant announcement related to the education loans by the government. Financially poor students can take the education loans without paying the interest till moratorium period. Here moratorium  period is 6 months after completing the course or when the student get the job, Which ever is happening first will be trigger the loan repayment [...]

Declaration/Affidavit confirming that no loan has been availed from other Bank/Institution Completely filled Application Form with Photographs. Letter of admission from the Institute Letter from the Institute stating cost break up of the program (term-wise, year-wise) Marksheets from SSC onwards till the latest examination passed KYC Documents for the Applicant & Co-applicant (Residence Proof , [...]

Students who wish to pursue higher education .You need to be an Indian resident having secured admission in any of the bank’s list of approved course or universities. Age criteria for education loans? Anyone in the age group of 16-35 years can take this loan. Which expenses does the loan cover ? Fee Payable to [...]