Comparison between Secured & Unsecured Education Loans for Studying Abroad
An education loan gives immense opportunities to students to pursue academic courses in foreign universities. However, before opting for a suitable education loan, they often feel a dilemma about whether to take a collateral and non-collateral education loan. While both have their advantages and drawbacks, they provide sufficient financial coverage for educational expenses. In this […]
A Student Guide for Collateral Education Loan: Complete Details & Analysis
A collateral education loan is also called a secured loan because borrowers have to lend some type of collateral in order to get financial assistance from the bank or other lender. The collateral may be movable or immovable and serves as a sense of security for the lender. It is offered at comparatively lower interest […]
Overseas Education Loans for Indian Students: Interest Rates, Top Lenders & More
Studying abroad is one of the most crucial steps that only some take. However, once taken, it provided abundant opportunities to explore oneself and the whole globe. The decision to study in foreign countries comes with many challenges, like financial burdens, which need to be addressed appropriately. In recent years, the trend to opt for […]
How to Get an Education Loan at a Lower Interest Rate?
Interest rate is an amount that is added on and above the principal loan amount. The repayment of the loan can be made through EMIs after the moratorium period, but the interest rate can be paid in a grace period to avoid financial burden. In this blog, we have discussed the ways to reduce the […]
Checklist of Important Documents for Education Loans to Study Abroad
To eliminate the chances of getting rejected, the students need to know about the documents required for an education loan application process. Various lenders have their requirements since they want to establish the authenticity of the borrower and co-applicant before entrusting their capital to them. In this blog, we have discussed the important documents required […]
Student Loan vs Self-Funding: Detailed Comparison and Analysis
While preparing to go for study abroad, students need financial assistance to afford their education and other expenses. In this case, they have several options to pursue, like getting a student loan or asking their parents to finance their education, wholly or partially. However, they also face many difficulties in selecting the appropriate form of […]
A Student Guide for Non-Collateral Education Loan: Complete Details & Analysis
Indian students in their early adulthood may not possess any kind of property or asset on their own. When it comes to taking an education loan, lenders often ask for security, but what should they do in such cases where students are empty-handed? Non-collateral loans are becoming more popular nowadays, eliminating the necessity of pledging […]
