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Education Loan EMI Calculator

Loan amount
Rate of interest (p.a)
Loan tenure (Years)
Partial monthly interest (₹)

Principal Amount

Total Interest

Loan after Moratorium

Your Amortization Details (Monthly)
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- Academic Qualifications

Most lenders require students to have a good academic track record. They may set a minimum percentage or grade point average (GPA) that you need to maintain to be eligible for a loan.

- Admission Confirmation

Lenders often require proof of admission as part of the application process.

- Coapplicant's Creditworthiness

In many cases, you will need a coapplicant, usually a parent or guardian, to cosign the loan. Their creditworthiness plays a significant role in deter

- Collateral

Some loans may require collateral, such as property or financial assets, to secure the loan. This depends on the lender and the loan amount.

- Loan Amount

The maximum loan amount you are eligible for depends on the course, country of study, and the lender's policies.

- Age Limit

Lenders may have age limits for the primary applicant and co-applic

How To Determine Your Education Loan Eligibility?

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- Research Lenders

Researching lenders is crucial when seeking financial support. Evaluate interest rates, repayment terms, eligibility criteria, and customer reviews to make informed decisions and secure suitable loans for your needs.

- Gather Necessary Documents

To secure an education loan, gather essential documents like ID proofs, academic records, income statements, and collateral details.

- Check Your Credit Score

Before applying for an education loan, ensure to check your credit score for better approval chances.

- Compare Loan Offers

Before committing to an education loan, it's crucial to compare offers, assessing interest rates, terms, and repayment options.

- Consult a Financial Advisor

Consulting a financial advisor for education loans ensures informed decisions, tailored plans, and optimal financial management strategies.

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