The advantages of studying in India

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The Advantages of Studying In IndiaThe
Advantages of Studying In India
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• India is a developing country with an
  ever-increasing economy where more importance is
  given to the skilled population. Education is one
  of the most important skills in the recent times.
  However, with the increase in the demand for
  education, the fees of the educational
  institutions have soared through the roof. This
  has caused distress for many students and parents
  alike. Parents spend most of their savings in
  their childs studies, yet are unable to collect
  the required amount of capital required. However,
  unlike the earlier times when there were no
  alternatives except the traditional money lenders
  who would charge exorbitant interest rates on the
  loaned principal amount. In the recent times,
  there are a number of banks and NBFCs
  (non-banking financial institutions) who would
  provide the same monetary assistance at
  comparatively lower interest rates. Thus, helping
  the students to pursue the educational field of
  their choice, without surrendering to the
  financial burdens of study fees.
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Why study in India?

• In the recent years, India has been the focus of
  advancing educational studies and has established
  itself as one of the educational hubs. Because of
  this, there are more numbers of students not only
  from India but from around the world applying for
  the various courses available in order to study
  in India. The various courses available in the
  country for study purposes range from traditional
  to non-traditional courses such as engineering,
  medicine, arts, law, hotel management, mass
  media, and much more. Even the banks and NBFCs
  (non-banking finance companies) are keen to
  empower the students by providing them with
  financial assistance in the form of educational
  loans.
• Are all expenses included under the education
  loans?
• The education loans not only take care of ones
  college fees, tuition fees and the cost of study
  material but also take care of the other
  miscellaneous expenses incurred by that
  individual while completing the course.

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• What is the collateral required in order to
  procure a student loan?
• The collateral required is determined by the
  principal loan amount taken from the bank. The
  different types of collaterals are
• Residential property in the form of house, flats,
  and apartments can be kept as collateral.
• Even ones savings which are in the form of FDs
  (fixed deposits) and RDs (recurring deposits) can
  be kept as security with the bank.
• One can provide his existing house mortgaged on a
  second charge basis as collateral as long as it
  is equivalent to the required security coverage.
• Any non-agricultural land can be kept as
  collateral in order to procure a loan with the
  bank or NBFCs (non-banking financial companies).
• His or her life insurance policy can be kept as
  collateral as long as it meets the required
  security coverage criterion.
• The various education loans provided by banks and
  NBFCs (non-banking financial companies) at lower
  interest rates have encouraged students to pursue
  higher education and study in India. This has
  resulted in the overall growth of student
  education in the country.
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