Education Loans in India are provided by private financial institutions to help those students who are eligible to attain higher education in reputed professional institutes but can’t afford to pay the hefty college tuition, books and other expenses. To know more visit : http://www.avanse.com/calculators/emi-calculator/

2. How to get an Education Loan
in India

3.  Due to the increase in college fees every year, most of
the student have no option but to opt for an education
loan. Education Loans in India are provided by private
financial institutions to help those students who are
eligible to attain higher education in reputed professional
institutes but can’t afford to pay the hefty college tuition,
books and other expenses. Most of the loans are
allowed to be paid after the completion of the course of
education by the recipient.

4.  At first you must determine how much loan you require to
meet all your expenses which should be calculated
precisely. Then you must decide which type of loan you
should take i.e. Government loans or Private loans. Most
people prefer Government loans due to its lesser rate of
interest. So, at first students must know the criteria and
limit allowed by banks and then approach the bank for the
loan.

5.  Keep on reading this article if you'd like to know how to get an
Education Loan in India.
 Purpose for which a student can apply for an education loan
 Banks give loans for
 1. Tuitions and other fees
 2. Books, equipment, etc.
 3. Cost of passage (for education abroad)
 4. Caution fund/building fund/refundable deposit
 Only SBI offers the loan for abroad studies. HDFC bank gives
education loans for courses only at the institutes in India
which are approved by them.

6. Eligibility
1. All students should be an Indian National.
2. They should have secured admission to professional/technical
courses through Entrance Test/selection process.
3. If studying abroad, students should have secured admission to the
foreign university/institution.
4. Student should have an earning parent/guardian as a co-applicant
to the loan.
Source:http://education.onehowto.com/article/how-to-get-an-
education-loan-in-india-2879.html

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