What is the CAS Letter for Studying in the UK? CAS letter full form is Confirmation of Acceptance. It is a formal document issued by the university you have applied to. A CAS letter is needed for visa applications and the immigration process. While applying for a visa, it acts as proof that the university […]
Understanding Education Loans in India Education loans in India play a pivotal role in financing the dreams of many students who wish to pursue higher education in international universities. While it depends on the lender, these education loans typically cover: Some lenders may also cover travel expenses and any costs for additional study materials. These […]
What is the Full Form of RLLR? RLLR full form is Repo Linked Lending Rate. Before diving into RLLR, let’s understand what the Repo rate is. It is the rate at which the RBI lends to commercial banks and it acts as a benchmark and a foundation for setting interest rates at which the commercial […]
Eligibility Criteria for Secured Overseas Education Loans For any secured loan, the applicant must provide an asset as collateral. This pledged asset can be used by the lender in case the borrower defaults the repayment. The following points merit consideration while discussing education loan eligibility criteria: Age and Citizenship The applicant must be an Indian […]
Education Loan to Study BBA Abroad First things first, it is important to understand different loan parameters related to education loan for BBA abroad: Read More – IDFC FIRST Bank EMI Payment for Education Loans Types of Education Loan for BBA Abroad Understanding the different types of education loans is crucial to choosing the one […]
What is DPD? DPD stands for Days Past Due and indicates the number of days a payment is overdue on a credit account. It reflects your payment history in credit reports, with higher DPD numbers signaling delayed payments, which can negatively impact your credit score and borrowing eligibility. What is the Full Form of DPD? […]
IDFC FIRST Bank EMI Payment for Education Loan IDFC FIRST Bank offers a range of education loans to help students finance their higher education for in India and abroad. For students wishing to study abroad, IDFC FIRST Bank offers loans with collateral and without collateral too. The following points highlight the benefits of getting an […]
What is the Full Form of EMI? The full form of EMI is Equated Monthly Installments. It is a fixed monthly payment made by a borrower to a lender to repay a loan over a specified period. Each EMI includes both the principal amount and the interest on the loan, ensuring that the borrower gradually […]
Types of Education Loan for Engineering Students On the basis of the requirement for collateral, there are typically two types of loans- secured and unsecured. Let’s understand them in detail: 1. Secured Education Loans Secured education loans require the borrower to provide collateral, which could be in the form of property, fixed deposits, or other […]
What is a Co-Applicant in Education Loans? A co-applicant plays a very important role while availing of an education loan. Having a co-applicant mitigates the financial risk for both the borrower and the lender. A co-applicant in an education loan is an individual who signs the loan agreement alongside the primary borrower (typically the student). This […]
