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?”