Everything You Need To Know About Education Loan

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EDUCATION LOANS
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WHAT IS EDUCATION LOAN?

• A student loan is a type of loan designed to help
  students pay for post-secondary education and the
  associated fees, such as tuition, books and
  supplies, and living expenses.

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TYPES OF LOANS

• Study Abroad Education Loan
• Study In India Education Loan
• Loan For Educational Institutes

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ELIGIBILITY CRITERIA
Particulars Eligibility
Nationality Indian
Age Minimum- 18 years Maximum- 35 years
Academic record Proven- good
Qualification Pursuing graduate/postgraduate degree or a PG diploma.
Income source Parents/Guardians
Income Stable
University Applied to Recognized In India/Abroad
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DOCUMENTS REQUIRED

• Letter of Admission
• Duly filled and signed loan application form
• 2 recent passport size photographs
• Statement of cost of duty
• PAN card/AADHAR card of the student and
  parent/guardian
• Proof of identity and residence

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EXPENSES CONSIDERED FOR A LOAN

• Fee payable to college/school
• Examination/library fees
• Purchase of books/equipment/uniform
• Travel expenses and passage money for studies
  abroad
• Purchase of computers and any other study related
  expenses.

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• There are various financial institutions and
  other financial bodies like EmpowerYouth that are
  working very hard to brighten up the future of
  the students.
• These institutes offer various student loans with
  very low interest rate and even 0 interest rate
  on some selected colleges.
• The application process of such institutes are
  very simple and secure.

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