EDUCATION LOAN
Benefits of Education Loan
- Financial Support: Education loans provide funding to cover tuition fees, books, accommodation, and other educational expenses.
- Flexible Repayment: Most education loans offer flexible repayment options, including grace periods and income-based repayment plans.
- Build Credit: Timely repayment of education loans can help students establish a positive credit history, enhancing their financial standing.
- Focus on Studies: With financial worries alleviated, students can focus entirely on their studies without the burden of immediate payment.
- Invest in Future: Education loans empower students to invest in their future by pursuing higher education and acquiring valuable skills for career advancement.
How to Get It?
- Exchange money locally.
- Visit currency exchange.
- Utilize ATMs abroad.
Utilize ATMs abroad for convenient access to foreign currency, ensuring easy withdrawals and avoiding excessive exchange fees.
- Currency conversion online.
FAQ
The duration of the process can differ based on the lender and various factors, including document availability. As an institution focused on students, Avanse Financial Services ensures swift approvals in just 72 hours, given you fulfill our predetermined eligibility standards.
The duration of the process can differ based on the lender and various factors, including document availability. As an institution focused on students, Avanse Financial Services ensures swift approvals in just 72 hours, given you fulfill our predetermined eligibility standards.
Upon reaching the point of commencing repayment for your education loan, it’s necessary to get in touch with your bank. They can assist you in configuring an automated debit feature, ensuring that your monthly installments are promptly sent to your lending institution.
Certainly, acquiring an education loan without the need for collateral is indeed possible. Prior to approaching a lender, it’s essential to determine whether you prefer a secured or unsecured loan. You have the option to use assets like your residential property, life insurance policy, or non-agricultural land as collateral for the loan. Lenders will assess the provided collateral documents for the education loan and subsequently determine the loan amount and the interest rate.
