How To Apply For Education Loan? 



Today all the students want to get higher education, but in today’s time it has become very difficult to get education, the main reason for this is that education requires a lot of money.

There are also such students who are unable to get higher education due to lack of funds, State Bank, ICICI Bank, Punjab National Bank etc. provide education loan for such students. Today we will provide you complete information about Education Loan here. So you have to read our article till the last.
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Eligibility For Education Loan

Only a person who fulfills the eligibility mentioned below can apply for taking education loan.

Any Indian citizen who wishes to pursue higher education can avail education loan.

The student who has taken admission in any recognized institute in India or abroad is eligible for Education Loan.

The loan is provided only for those adult citizens who are able to repay those loans. For which the repayment ability of the applicant is checked by the bank.

While taking an education loan, the applicant has to present a relative or guardian to the bank as a guarantee. Which can be paid by the student or the guardian of the student after the completion of studies.

For What Kind Of Courses Can I Get  Education Loan?

A student studying inside India or in any other country from class 12th to graduation, post graduation, PhD, engineering, medical, agriculture, law, dental, management, computer etc. Education loan from the bank can obtain. And after completing your studies, you can easily repay the loan.

Required Documents For Education Loan

There are many important documents required for taking education loan like-

Permanent residence and identity card of the applicant

certificate of admission

All visa and travel documents for foreign courses

income certificate

University letter in case of going abroad

Study course prospects

application form

Other Important Photographs

How To Apply For Education Loan?

To take an education loan, you can get a loan from the bank to complete your studies without any problem by following the steps mentioned below carefully. These steps are given below as follows-

To get education first you have to go to private bank with all important documents.

After this, you should get information from the bank employees about all the information related to education loan like discount on loan and interest rates.

After that you have to get the application form related to education loan from the bank employee and he has to fill all the information asked carefully.

After filling all the information carefully, you have to attach all the important documents with the application form and then submit this application form to the bank.

Note- While applying for education loan, it is very important for you to be aware that you have taken admission in this institution. You have taken admission whether it is recognized by UGC or not, if in which institution you have taken admission and it is not recognized then your application will be rejected.

Conclusion

Hope you have understood the information about the process of applying for education loan. If you liked this article of ours today, then we request you to share it with all your friends and relatives so that that too for higher education. To get education loan can be taken from the bank.

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