Educational Loan
An educational loan, also known as a student loan, is a type of loan designed to help students finance their education. Educational loans are typically offered by banks, financial institutions, and government agencies, and they can be used to cover the cost of tuition fees, books, accommodation, and other expenses associated with attending school or college.
Eligibility:
Students with 45% mark re eligible for educational loans
Approval Period:
Loans generally takes 20 - 30 days for approval
Type of lender:
- Public Sector Banks
- Private Sector Banks
- NBFC’s
- International lenders
Type of Loan :
-
Secured Loan
Secured Loan is given on the basis of collateral -
Unsecured Loan:
Given on the basis of the cosigner
Interest Rates:
9% – 15%
(Depending upon the lender)
(Depending upon the lender)