Auxilo Education Loan

  Various banks and financial institutions in India offer education loans for students pursuing specialized services within the country and abroad. These banks and financial institutions generally release a list of permitted courses and educational institutions for which these education loans are granted.   The interest rate on education loans   in India generally includes 1.5 to 2 percent of the principal loan amount added to the existing marginal cost of lending rate (MCLR). Education loan interest rates in India start from as low as 11.25 per cent of the principal amount.   ●        The process for calculating education loan EMIs To calculate the education loan interest rate for a particular month, divide your interest rate by the number of payments to be made that year. For instance, if your interest is 6 per cent per annum and you make 12 payments a year, you need to divide 0.06 by 12. This will give you the figure of 0....

  We always research things when we plan on buying them. If we want to buy a new laptop, then we will do as much research about the brand. Similarly, when it comes to an education loan, we will want to do as much research as we can so that we can get the best loan deal possible. But there are many questions that will come to your mind before getting an education loan , and you will obviously want the best and the most accurate answers for all of the doubts you have. So here are few questions that are commonly asked about an education loan: 1.        What is the amount of loan that I can get? You will want to get an education loan that is sufficient enough to cover your expenses without creating any issues during the completion of your course. That being said, most financial institutions that offer an education loan don’t have a specific limit, and it depends on your need and requirement. 2.      What kind of c...

  When you plan on pursuing your higher studies, you will be planning everything precisely. Right from preparing for the entrance exams, selecting the best university that would suit your requirement, finding suitable accommodation for yourself are usually the things on top of your to-do list. However, the most important question that comes before all of this planning is how will you manage the important and necessary expenses? How will the funds be arranged? The answer to all these questions is to get an education loan . Nowadays, education loans have become much more affordable than they were before, and applying for them has also become quite easier. And to help you clear your doubts, here are the 5 advantages of an education loan. 1.       Education loan offers 100% financing Unlike other loans, like a home loan or a car loan, which cover only specific expenses and don’t offer extra incentives, an education loan covers a wide range of your ne...

  The number of students applying for an education loan for studying in Australia is increasing every day. Nowadays, many students are opting to pursue their higher studies in Australia as the country not only houses many globally renowned universities and educational institutes but also offers an unbeatable academic excellence and support system for international students.   However, before applying for an education loan for studying in Australia, students need to keep certain things in mind. These include:   ●        Verify the course and the University Before applying for an education loan for studying in Australia , students need to verify that both the University and the course applied for are relevant. They need to avoid making impromptu decisions and make thorough research into the benefits of the course they have applied for and also the university.   ●        Check the eligibility crit...

  Applying for further studies at a university abroad is a great opportunity. Since the cost of studying abroad is significantly high with an education loan you will not have to worry about the financial setbacks and can pursue your studies without worry. Those looking to apply for a loan can get in contact with various lenders and NBFCs in India that provide education loan for studying abroad. Here are the steps you can follow when applying for an education loan for overseas studies: 1. Compare loan offers: Different lenders have different policies regarding their education loans. When applying for an education loan for studying abroad , you will need to conduct a thorough research to see what lenders are offering to you. Comparing different loan offers will give you a better idea about what the lenders have to offer you and you can opt for the education loan which is best suited to your needs. You can visit the website of lenders and gather the information you need about ed...

  Many students wish to apply to universities abroad or in India to pursue higher education after finishing their studies. Students can apply for an education loan to study for courses such as masters, MBAs, diplomas, etc. with various lenders and NBFCs. Since the cost of studying at universities high, it is better to opt for an education loan. Keeping the financial aspect of pursuing higher education in mind is a crucial when you apply for a student loan. That is why using an education loan EMI calculator is important as it will give you a better idea about your finances and help you plan your expenses accordingly. Here is a guide on everything you need to know about education loan EMI calculators for student loans. What is an EMI calculator? Education loan EMI calculator is a stimulation that informs you the estimated amount of the EMI you will need to repay the lender every month. You will need to provide the details of your loan amount, interest rate and the duration o...

  The USA has always been the topmost destination for students from all over the world to pursue their higher studies from. As one of the most highly developed countries in the world, the USA has a higher standard of living that many aspire for, vast job opportunities that could help build a better future, and prestigious universities and educational institutions that provide world-class education. If you plan on pursuing your further studies, and you want to do it from the USA, then it would be a wise decision to apply for an education loan for USA institutes. We have listed a few benefits of why you should apply for an education loan to help you understand better: 1.       Personal savings remain safe Going abroad for higher studies costs a lot especially when the cost of education has increased substantially over the last few years. If you apply to a university in the USA without the help of an education loan, then you would require a huge amount o...