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Discuss-Education-Loans
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#Discuss-Education-Loans

Neeraj Saxena, CEO of Avanse Education Loans will answer your queries between 3 pm and 4 pm today.
74 posts so far
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A

ATULG

I am take home loan from Axis Bank now I want top up loan of 3 Lacs but the processing charges for it require 15000/- ROI 10.25, repayment in 15 yrs and on the other hand Central Bank of India giving me personal loan with Rs. 500/- as processing fee, ROI 13% repayment is 4 yrs , Please suggest which loan is preferable ?

I am take home loan from Axis Bank now I want top up loan of 3 Lacs but the processing charges for it require 15000/- ROI 10.25, repayment in 15 yrs and on the other hand Central Bank of India giving me personal loan with Rs. 500/- as processing fee, ROI 13% repayment is 4 yrs , Please suggest which loan is preferable ? #Discuss-Education-Loans
Posted : 4 months ago
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NS

Neeraj SaxenaAre you exploring a top up on your home loan to fund your education? Pl clarify the same.

 
Are you exploring a top up on your home loan to fund your education? Pl clarify the same.
4 months ago  
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A

ATULGYes, for education. Thanks

 
Yes, for education. Thanks
4 months ago  
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R

Raj

Hi ,I want avail Education Loan for my Daughter which are the best banks for Education Loans. If I take Education loan from Private Banks or Financial Institutions like Avanse Can I claim the tax rebate .Will Financial Institutions or Avanse provide the loans for the capitation fees as well.

Hi ,I want avail Education Loan for my Daughter which are the best banks for Education Loans. If I take Education loan from Private Banks or Financial Institutions like Avanse Can I claim the tax rebate .Will Financial Institutions or Avanse provide the loans for the capitation fees as well. #Discuss-Education-Loans
Posted : 4 months ago
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NS

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.

 
Hi 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.
4 months ago  
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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.

 
Hi Sir ,Thanks for the Info , I have LIC Jeevan Saral Policy of 12Lacs Approx . Can I Mortgage it with your company for Education Loan.
4 months ago  
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C

coolhome

When I applied for education loan for my son,at the bank they said hostel and mess payments can not be covered under the loan. Is it true? If not ,where do I find the rules?

When I applied for education loan for my son,at the bank they said hostel and mess payments can not be covered under the loan. Is it true? If not ,where do I find the rules? #Discuss-Education-Loans
Posted : 4 months ago
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vijaya kamarthi

Hello Sir, I am availing an Education loan for my son's MS Prog. in Germany with SBI. They are insisting me to pay interest until my son takes over the loan repayment. Can I expect a 3 year moratorium period on this loan?

Hello Sir, I am availing an Education loan for my son's MS Prog. in Germany with SBI. They are insisting me to pay interest until my son takes over the loan repayment. Can I expect a 3 year moratorium period on this loan? #Discuss-Education-Loans
Posted : 4 months ago
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Neeraj Saxena

Good luck with your higher education. For your specific information needs, you can write to Avanse on response@avanse.com. Neeraj

Good luck with your higher education. For your specific information needs, you can write to Avanse on response@avanse.com. Neeraj #Discuss-Education-Loans
Posted : 4 months ago
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A

adil

What are the prepayment charges at SBI?

What are the prepayment charges at SBI? #Discuss-Education-Loans
Posted : 4 months ago
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Neeraj SaxenaI would suggest you check with SBI on the prepaymet charges. Every financial institution follows a different structure of prepayment charges.

 
I would suggest you check with SBI on the prepaymet charges. Every financial institution follows a different structure of prepayment charges.
4 months ago  
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JS

Jose Samson

Hi Sir, Do I have to have the collateral property value as 100% of the loan amount? Other leading lenders only ask for about 60% of the loan amount

Hi Sir, Do I have to have the collateral property value as 100% of the loan amount? Other leading lenders only ask for about 60% of the loan amount #Discuss-Education-Loans
Posted : 4 months ago
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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.

 
At 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.
4 months ago  
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Neeraj Saxena

Good afternoon everybody! It is nice to e-meet you all and happy to answer your queries. Neeraj Saxena

Good afternoon everybody! It is nice to e-meet you all and happy to answer your queries. Neeraj Saxena #Discuss-Education-Loans
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Posted : 4 months ago
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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?

 
I 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?
4 months ago  
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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.

 
1.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.
4 months ago  
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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.

 
If 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.
4 months ago  
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N

neetasinha

I scored 53 per cent in BCom and would like to apply for an education loan to do my masters. Am i eligible?

I scored 53 per cent in BCom and would like to apply for an education loan to do my masters. Am i eligible? #Discuss-Education-Loans
Posted : 4 months ago
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AC

Amol chille

Dear sir, my dad retired six months ago. Can I still show my dad's bank statement while applying for education loan?

Dear sir, my dad retired six months ago. Can I still show my dad's bank statement while applying for education loan? #Discuss-Education-Loans
Posted : 4 months ago
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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.

 
Hi 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.
4 months ago  
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