Neeraj SaxenaAre you exploring a top up on your home loan to fund your education? Pl clarify the same.
ATULGYes, for education. Thanks
Neeraj SaxenaHi Raj, Education finance players like Avanse do offer funding for all fees relating to course including capitation fees. It would also be heartening for you to know that we also consider funding for living expenses. As for other details on the loan process and benefits, do call us on 1800 222 301 and we shall be glad to assist you.
RajHi Sir ,Thanks for the Info , I have LIC Jeevan Saral Policy of 12Lacs Approx . Can I Mortgage it with your company for Education Loan.
Neeraj SaxenaI would suggest you check with SBI on the prepaymet charges. Every financial institution follows a different structure of prepayment charges.
Neeraj SaxenaAt Avanse, we shall be ok to looking at a lesser collateral value, basis the merit of the case. If you have a great credit history and academic background, we could look at collateral value being less than the loan amount.
phaniI am planning to take a edu. loan to pursue my PGPEM 2014-2016 as I got an admission offer at one of the B-schools which is having a Tie- up with Avanse. However,i have few hurdles to get one.Could you please help me on this?
phani1.I don't have moratorium period option and when I asked the executives,they have said that there is no such concept exists @ Avanse.If that is the case then only people who are good at financial state will be eligible but not for the people who doesn't have any financial backup i.e.,, they will not be able to pay the monthly EMI's during the course.
phaniIf the student is able to pay off 25k as an EMI every month then y there would be a point of approaching the banks for loans.Could you please suggest me any other alternate way to get the edu.loans from Avanse so that I can pay my EMI's once I am done with my course.
Neeraj SaxenaHi Amol, You could show your dad's bank statements provided there is an income source reflecting in the account. For example, pension income. This is important to discern eligibility. Alternatively, you could have another earning member of the family as a co-borrower.