CIBIL, a part of TransUnion, is one of the RBI-approved credit rating agencies that are responsible for generating credit scores of individuals and businesses based on the data provided by the banks and lending institutions. CIBIL full form is Credit Information Bureau India Limited. A CIBIL score determines whether an individual is likely to repay his debt or loan in time. Therefore, lenders consider it … Continue reading What is a Good Credit Score? Top 3 factors that affect your credit score
A study conducted in 2018 showed that the cost of education is rising at an average rate of 15% per year. This makes education loans one of the best ways to pay for higher studies. Students can learn how to get education loan by keeping in mind the points mentioned below – Eligibility Applicant must be a citizen of India. Must have passed their higher … Continue reading How to Get an Educational Loan?
As the cost of education is on the rise every year, the viability of education loans is seemingly becoming more important. Here are the steps describing how to get a student loan to finance your higher education – Check your eligibility Although eligibility varies among different financial institutions, these are some basic prerequisite for most of them – Applicants must be an Indian citizen. An … Continue reading How to Get a Student Loan for Higher Education?
An education loan is a loan availed by a borrower from a financial institution to cover education expenses. It is vital for a borrower to know how to get an education loan and which loan to avail. There are two forms of education loans. The first one is an education loan which is an unsecured advance. The second format is an education loan against property, … Continue reading Easy Steps to Know How to Get an Education Loan in India
Student loans are advances which are utilised to meet the financial requirements of studying at top educational institutes. These loans are offered by various lenders across India. How to get a student loan at the most beneficial loan terms? With a secured student loan, a borrower can avail financial support for their higher-education expenses like graduation, post-graduation, etc. A financial organisation economises the process of … Continue reading Check Out to Know How to Get a Student Loan
The increasing cost of pursuing higher studies has driven a majority of individuals to apply for an education loan to finance it. Regardless, many of them think the process to be cumbersome and hassle-prone. Contrarily, the following highlights how to get education loan easily in just 4 steps – Step 1 – Compare Options To begin with, individuals should compare the rates set against different … Continue reading How to Get an Education Loan in 4 Easy Steps
According to UNESCO’s analysis, India accounts for the second-highest number of students studying overseas in different countries, after China. In recent years, since the number of students studying abroad has also increased, the demand for advances to fund education has also surged. With financial institutions offering credits like an education loan against property, the demand for funds has also been met, to quite an extent. … Continue reading How To Apply For An Education Loan Against Property And Why Is It More Beneficial Than Education Loan?
According to data presented by The Quint, the number of Indian students in the US increased by 5 times between 1998 and 2017. In 2018, Indians consisted of about 17.2% of all international students in the US. Among all the disciplines available in top colleges and universities in the US, Indian students have shown special preference for MS specializations. If you want to pursue your … Continue reading What are the Top MS Courses in USA You Can Apply for?
Education loans are unsecured advances that do not require pledging any collateral. If you are considering how to apply for education loan, you can approach any leading financial institution or NBFC. Here the credit amount can range from Rs. 20 Lakh to Rs. 25 Lakh.
Now, if the borrower’s credit requirement is much higher, he/she can opt for a loan against property. This credit facility requires you to pledge any of your assets as collateral. Depending on the LTV (loan to value) ratio, a loan against property for education can fetch you a handsome sum of up to Rs. 3.5 Crore.
Now, that you know what is education loan is and how it differs from a loan against property, take a look at why the latter proves advantageous.Continue reading “Why is a Loan Against Property Better than an Education Loan?”