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Showing posts from May, 2021

5 reasons why educational loans are the right way to fund your higher education

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  Students who have the merit to study beyond junior college often do not have money to fund their higher studies. Educational loans help such students to fulfil their dreams of earning a higher degree, by financing their education expenses. Education loans—as the name suggests—are specifically provided for the purpose of helping students financially gain expertise in their choice of course. In this article, we will tell you 5 reasons why education loans are the right way to fund your higher education.       Covers all education-related expenses An education loan not only covers the tuition fee of the whole course the student pursues but also covers other higher education related costs. Those costs are: the money needed to travel to the city where the student’s university is based, to live in that city for the whole duration of the course, mess expenses, exam fee, library fee, laboratory fee, stationery expenses, an

4 tips to get economical educational loan for MBA studies

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  MBA degree is a key to a strong presence in the business administration field. It helps students learn the skills of handling an enterprise, and thus, moulds them into business administration professionals who sustain the growth of small and large businesses alike. But pursuing an MBA is expensive. Many students do not have money to fund their MBA education expenses. Financial lenders offer education loans to such students. Students, if they negotiate properly, can get affordable deals on these education loans. In this article, we will tell you the 4 tips to get an economical educational loan for MBA studies.     Estimate the education-related expenses carefully Do your homework carefully while getting an educational loan for MBA studies. Calculate your MBA education expenses to the last penny. Know the tuition fees of your whole course. If you have to relocate to the city where your MBA institute is based, then cal

4 questions to ask yourself before taking an education loan for studying abroad

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  Education loans have helped millions of middle-class students to pursue their higher studies in prestigious universities around the world. It is a boon for the ones who can study further in their fields but do not have funds to pay their higher education expenses. In recent times, education loans for studying abroad have become more accessible, which have resulted in students actively applying for such loans. In this article, we will tell you about 4 questions that you should ask yourself before getting an education loan for studying abroad , and thus, be a responsible borrower.       Do I satisfy the eligibility criteria, and do I have documents to prove it? This is the first question you should tackle. If you don’t stand eligible for an education loan for studying abroad, the other questions turn invalid. So, know the education loan eligibility criteria of the lenders. See if you fulfil those eligibility criteria. And gather proofs or documents that prove your eli

4 questions to ask lenders while getting education loans in India

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Education loans in India have helped millions of students turn themselves into highly-skilled professionals by pursuing higher education in their choice of courses. But many students have also found themselves in adverse situations while repaying their education loans. If a student takes an education loan from the right lender, then they can pursue their preferred courses without having to worry about the finances. In this article, we will tell you about 4 questions you should ask the lenders while getting an education loan from them.   Can I get a collateral-free loan? Many students do not have financial assets to pledge as security against their education loans. It means they need unsecured loans. If you do not have financial assets or do not want to risk your assets as security against an education loan then ask the lender if they provide an unsecured education loan.   What is the interest rate you will offer? Financial lenders levy interest rates ranging

4 mistakes to avoid while taking an education loan

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  Education loans are curated to fund higher education of students, be it in India or abroad. They have made higher education more accessible to common citizens. But many students are often barred from getting an education loan as they fill incorrect information in the education loan application form or submit incorrect documents. If students steer away from such mistakes, getting an education loan would become much easier. In this article, we have compiled information about the common mistakes students make while getting an education loan , and how to avoid them.       Not reading the education loan terms and conditions carefully Students do not carefully read the terms and conditions based on which lenders offer them education loans. This mistake is avoidable. They should carefully read the terms mentioning the benefits they would get from the education loan. They should also read the conditions that let them fully enjoy those benefits, and the conditions that exclu

4 life-altering benefits of study loans

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  Study loans have helped millions of students to pay their higher education fees and other related expenses to earn a degree and become successful in their careers. But education loans provide one more benefit for students to not only learn their trades but also financial responsibility to sustain their lives on the financial front. And since study loans have become much more accessible, lenders have given opportunities to scores of students to complete their higher education. In this article, we will talk about the 4 life-altering benefits that study loans provide.   Safeguards you from inflation while you fund your higher education Some students choose to save money from their earnings and thus, gather funds to study the courses of their choice at reputed educational institutions. This is an outdated and insignificant tactic. Due to inflation, the cost of higher education increases with time. Just saving money to fund higher education is worthless. In such a situation,

4 features that make study loans for abroad studies the best

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  Are you dreaming of studying in some of the prestigious educational institutions of the world? You would need hefty sums of money to fund your higher education in those reputed academic places. Many deserving students do not have funds to do that. But that is when study loans for abroad studies help. These loans finance every aspect of a student’s overseas education. In recent times, education loans have become more accessible to students of middle-class families. In this article, we will tell you why the following 4 features in study loans for abroad studies make them the best.       Funds total costs of a student’s higher education abroad As an international student in your host country, you would have to pay the tuition fee of your course in the host country’s currency. Apart from that, you would also need money to travel to the host city for your education, stay in that city for the duration of your course,

4 benefits of unsecured education loans

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  Education loans have helped millions of students to study at reputed educational institutes in the world. They have garnered exemplary esteem for aiding students in their quest to gain quality higher education. Education loans have become even more accessible in the last few decades. Students who do not have financial assets to pledge them as security against their education loans have a tough time while funding their higher education. Fortunately, financial lenders offer unsecured education loans to such students. This proves to be very helpful for students who are unable to pledge collateral.   To understand more about loans without collateral, let us look at 4 very important benefits of taking such type of loans:   Suitable for students who do not have any financial assets Unsecured education loans are a boon for students who do not have financial assets to secure them against their education loans. Students who have financial assets but do not want to pledge th

6 factors that are part of student loan eligibility criteria

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  Higher education is the best way to ensure a smooth and prosperous life. It teaches the student the skills of his or her chosen course, and helps the student lay the foundation of a strong professional career. But higher education is expensive and many students have to opt for student loans to pay its fees.   Student loans are given to students based on student loan eligibility criteria. In this article, we will tell you the 6 factors that form important criteria for education loans.   Citizenship The student loan eligibility criteria states that to get a student loan for higher studies in India or abroad, the student should be an Indian citizen.   Age The age at which a student becomes eligible for a student loan in India differs from one lender to another. But rest assured, a student aged 18 years of age or above can usually get an education loan with minimum documentation. The upper age limit also changes from one lender to another.   Academic record

5 tips to fill the application form of an education loan to study in Singapore

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  Higher education helps make a student’s future bright and strong. It helps the student to learn the skills specific to his or her specialization and thus, moulds the student into a finely crafted professional. But higher education is expensive—especially in Singapore—and to study such courses students need to take education loans. To improve your chances of getting an education loan to study in Singapore , we have created this article. Here we will tell you 5 tips to fill the education loan application form correctly and thus, gather funds for your higher education in Singapore.     Check the eligibility criteria The first step in getting an education loan to study in Singapore is to check the eligibility criteria and see if you fulfil it. Check if you have documents that prove your age, your citizenship and your academic record. Also check the other criteria of the lender for you to be eligible to fill the loan’s application form.   You may also check the education lo