Study loans: An easy way to finance your dream studies

India is soon becoming an educational HUB and offers varied courses in the field of science, arts, technology, architecture, literature, engineering, etc. Hence, there is a number of students from foreign countries as well as from our country who look forward to pursuing study in India. Although, there are various advancements in the field of education, however, a constant hike in the fee course, inflation at an alarming rate has made common man to think over and over again to let their kids pursue higher studies at top-notch universities in India or abroad.

It is pretty impossible to pay off the entire course fee through the little savings individual has. They have to either sell off the piece of land or jewelry in order to fulfill their child's educational goals. However, they play a big-time gamble with their future just to give a good foundation for their kids. To ease the burden from the shoulders of parents, many leading private finance companies and banks have introduced study loans.

Student loans offered by various banks and non-banking finance companies are available at low-interest rates between the range of 11-13% and mere processing of 1-2% on the loan amount. There has been an increase in the number of application for study loans in India in the past decades and millions of aspirants are willing to finance their studies self-independently through this finance module.

With the help of internet facilities, today individual can apply for students’ loan quite comfortably sitting at the cozy corners of the homes. Here's how banks and financial firms made the process of applying for a loan easy:

Apply online:

Around a couple of years ago, applying for study loan was a tedious process of visiting banks or lender branch, filling up form or submission and waiting for approval letters and finally getting the cheque of the loan amount. However, today with internet facilities students can simply visit the website of the lending institution to get enough information and apply for a suitable loan. 

Hassle free processing & time saving

The entire process of applying for study loan was cumbersome and tedious. But now with online facilities, it's easy, convenient and at the touch of a button on smartphones. Right from comparing loan products, to apply for a loan, loan disbursal to repayments everything can be done on your smartphones, laptops or tablets.

Expert opinion

Whenever the student applies for education loan for study in India or abroad they get assistance and guidance from online experts. If you're worried you'll be charged any fee for it, forget it because it's absolutely free of cost. Leading institutes actually help you through the loan process until the disbursal to the desired university or institutes. Counselors tell about how a student can reduce the burden of loan installments. How he or she can manage own expenses during the tenure of the course.

Compare loan products

Don't just rely on the first lender and apply for the loan. We understand you're concerned about the finances, however, it would be wise to compare the loan offered by various banks and non-banking financial institutes. It will help you know the interest rates offered, discounts are given, loan disbursal amount and flexible ways of loan repayment. This way you get an idea on complete loan structure and then make an informed decision.

Today, a lot of concessions and grants are given to the meritorious students and women candidates for higher education. Even a 0.50% concession can help you save a huge amount of money in the long run. So, grab the opportunity and apply for study loan in India online, now!