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Showing posts from April, 2021

A 5-step process to get a student loan for Germany

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  Germany is known for its automobile industry apart from its music heritage. You can learn skills in the engineering field, business management, liberal arts and much more in Germany. The country has one of the best education systems in the world, making it a great place to earn your higher degree from. In this article, we will inform you about the 5 steps to get a student loan for Germany .     Calculate the education loan amount you are eligible for Many lenders offer an education loan eligibility calculator on their websites to help students calculate the education loan amount they are eligible for. You have to put your co-borrower’s monthly income, their monthly obligations, the rate of interest offered, and the repayment tenure of the education loan in the calculator and press the calculate button. Then you will get the speculative education amount you are eligible for.   Compare the lenders based on the services they provide Read reviews about different ed

5 questions to ask lenders before getting an education loan

  Higher education is the key to a successful professional career. It teaches students the skills of their specialisations and helps them contribute to the smooth functioning of the society as practising professionals. Gaining higher education is expensive and many students do not have the money to pay the required fees. To help such students, education loans exist. But choosing a lender that will provide you the right kind of loan with the right conditions put on it is difficult. In this article, we will let you know some questions you should ask lenders before getting your education loan.     Will you provide unsecured loans? Many students do not have the funds to pay their higher education fee. More so, there are students who have family assets that can fund their higher education but they choose to save those for their future needs. An unsecured education loan helps both these categories of students. Ask your lender if they can give you an unsecured education loan or coll

5 Features to look for in education loans

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  Education loans have helped many deserving students get the opportunity to study the course of their dreams. But you need to know what to look for in an education loan to ensure that you get the right funding. In this article, we will tell you the 5 features to look for in an education loans .   Covering all education expenses Education loans should not leave students jumbled about how to manage the finances of their education. They should cover up all the expenses of students’ education. From the students’ course tuition fee to their travel expenses, the lodging and boarding expenses, the exam fee, the library fee, the stationery and laptop expenses and so on.   So, look for an education loan that pays all your education expenses and hence, allows you to focus on your studies.   Lower interest rate The interest rate levied on the students’ education loans in India is generally between 9-14%. The interest rate directly affects the amount of money the students

4 tips for building a strong profile to get an educational loan

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  Higher education encourages a student to pursue his or her chosen course and be productive contributors to the society as working professionals. But pursuing higher education is expensive; no matter where in the world the student pursues it from. Many students do not have money or don’t want to risk their financial assets to pay the expenses of their higher studies. An educational loan helps them pay these education expenses. In this article, we will tell you the 4 tips to build a strong profile to get an education loan for your higher studies:     Select a reputed educational institute Financial lenders need a surety that the student will benefit from their higher education loan and get a good job, and then repay the amount the lender invested in him or her. One way of assuring this is gaining a seat at a reputed educational institute. By doing this, the student ensures that he or she has high chances of getting a good job and thus high chances of repaying the education

4 perks of getting an education loan for higher studies

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  Higher education helps students study at their choice of universities and earn a job to contribute in running the world’s economy. But not many students have the funds to pay the tuition fees and other expenses of their higher education. An education loan helps such students learn at those universities. Apart from this, getting an education loan for higher education has some perks. In this article, we will tell you about the 4 perks of getting an education loan:   Covers all your expenses Higher education institutes are usually located in major cities and educational hubs. Many students who don’t live in these cities have to travel and stay there for the total duration of their courses. In such cases, they need to manage finances for their course tuition fee, travel expenses, lodging and boarding expenses in the city, exam fee, library fee, stationery and laptop expenses and so on.   A study loan from many lenders covers these expenses holistically. They cover all th

4 step process to get an education loan to study in UAE

  The UAE is the financial and educational hub of West Asia. It is known for its modern cities, and campuses of the best educational institutes from different parts of the world. These universities mould their students into top-notch professionals that run and sustain the society. But learning courses at such campuses is expensive, and students need to take education loans to study in UAE . Getting an education loan to study there consists of 4 steps. In this article, we will tell you what those steps are.   Calculate the education loan amount you are eligible for You can calculate the education loan amount you are eligible for, using an education loan eligibility calculator. Many lenders provide these calculators for free on their websites.   Put your co-borrower’s monthly income, their monthly obligations, the rate of interest the lender has offered to levy, and the length of the repayment period according to your estimations, in the appropriate fields of the calculator

3 tips to get best deal on an education loan for MBA studies

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  Higher education is a pathway to a brighter future. A higher degree helps students learn the nuances of their trades and thus moulds them into competitive professionals who contribute to the effective working of the society. But higher education is expensive, and many students lack the funds to cover its costs. MBA is one such kind of higher education. It is expensive and students have to borrow money from financial lenders to pay the fees of their MBA education. In this article, we will tell you 3 tips to get the best deal on your education loan for MBA studies.   Estimate the education expenses to the last penny To prepare for the best deal on an education loan for MBA, you have to do your homework thoroughly. You should calculate your higher education expenses to the last penny as much as possible.   Know the tuition fee of the whole course—in this case, the total fee of your MBA education. Know the travel expenses to study at the MBA college, the lodging and boar

4 blunders to avoid while getting a study loan for studies abroad

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  Higher studies are the best way to establish a prospering career. A university degree helps students even more when done from reputed institutions worldwide. These reputed foreign universities offer quality higher education but they are expensive to study at. Mostly, students have to opt for education loans to fund their higher studies in such universities. Although getting a study loan abroad is more accessible, students need to be careful while getting one. In this article, we expose 4 blunders to avoid while getting an abroad study loan . Not reading the terms and conditions carefully Students often overlook the importance of reading the terms and conditions of the lender while getting an abroad study loan. Read the terms and conditions carefully. Read the benefits that you would get from the education loan, the conditions under which you can enjoy those benefits and the exclusions that will keep you from enjoying those benefits of the loan.   Ask the lender to put th

Here are 4 things you should know while applying for an education loan to study in the USA

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Here are 4 things you should know while applying for an education loan to study in the USA   The United States of America is one of the most advanced countries where tertiary education offered is of top-notch class. Many American universities consistently hold their spots at the top of the university rankings of the whole world every year. Students from diverse places in the world come to study at the reputed universities of America. But not many Indian students can afford to fund their education there so some lenders help by giving education loans to study in the USA for Indian students .     In this article, we will tell you the points to look for in lenders when you try to get an education loan to study in the USA:   Look at the lender’s credibility The most important thing for Indian students who wish to study in the USA is to look for a credible lender. Take a loan from a lender only if you trust it. For this, verify the credibility of the lender. Ask the lender