Category: Education Loans Abroad

How to Get an Education Loan With Low CIBIL Score

Why is CIBIL Score Important for an Education Loan?  Cibil score plays an important role in obtaining an education loan, as it determines the loan approval. A high cibil score can minimise your time for loan approval, and on the other hand, a low cibil score can lead to non-approval of loans. It is one […]

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Tax Benefits on Education Loans Under Section 80E

What is the 80E Education Loan Deduction? There is a tax benefit on repayment of education loans under section 80E. One thing to note here is that EMI for the loan consists of interest and a part of the principal amount.  Further, the person claiming the deduction can be the person availing of the loan […]

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Types of Collateral for Abroad Education Loan – Complete Guide

What is Collateral in Education Loan Collateral is a security that a borrower pledges as a security for the loan. It works as a security for the lender in case the borrower defaults in repayment of the loan amount. The value of the collateral typically covers the loan amount. Now since the lender has assured repayment […]

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Education Loans with Collateral to Study Abroad in 2024

What is an Education Loans With Collateral? Studying abroad requires financial support, which can not be obtained easily.  However, education loans with collateral to study abroad offer smooth and speedy loan processing. In this process, you will be required to provide any of your collaterals to the lender as a guarantee of loan payback. If, […]

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HDFC Credila vs. Axis Bank: Which is Better for Education Loans

HDFC Credila vs. Axis Bank Education Loan Key Features Comparison When it comes to education loans, both Axis Bank and HDFC Credila are trusted lenders and provide notable similar features.  Below is a comparative table that highlights the significant features of education loans from both banks. Features Axis Bank HDFC Credila Maximum Loan Amount No […]

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International Student Loans Without a Cosigner in the U.S

What is a Cosigner Before going any further, it is crucial to know about the role of a cosigner. A cosigner is a person who becomes a guarantor for your loan and agrees to pay it back if you are unable to do so. A cosigner can be a family member, relative, or close friend […]

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Education Loan for Abroad Studies without Collateral

What is an Education Loan Without Collateral Generally, loans are backed by some security or guarantee, that the lender can seize in case the borrower fails to repay the loan. But, as the name suggests, education loans for abroad studies without collateral do not require any security to be furnished to access the funds.  Many […]

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Education Loan for Pilot Training

Education Loan For Pilot Training In Abroad Key Features  A commercial pilot’s license from an approved flight school ranges from INR 35 to 40 lakhs. Therefore, education loans for pilot training abroad are specifically designed to support students in covering the expenses associated with their aviation education. Here are some key features of these loans: […]

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Education Loan Interest Rate for Abroad Study

Top Banking Institutions and Their Interest Rates Public Banks’ Interest Rate Bank Secured Loan Interest Rate Maximum Secured Loan Amount Unsecured Loan Interest Rate Maximum Unsecured Loan Amount State Bank of India (SBI) 11.15% INR 1.5 Cr 11.15% INR 7.50 Lakhs Bank of Baroda Starting at 8.15% INR 150 Lakh NA NA Bank of India […]

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Education Loan for Medical Studies Abroad

Types of Education Loan for Medical Studies Education loans can be categorised based on various factors. Here are some types of education loan for medical studies: 1. Based on Location 2. Based on the Course of Education 3. Based on Collateral Career Education Loan: A Career Education Loan is a type of loan designed for […]

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