Neeraj Saxena 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.
Neeraj Saxena I would suggest you check with SBI on the prepaymet charges. Every financial institution follows a different structure of prepayment charges.
Neeraj Saxena 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.
phani 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?
phani 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.
phani 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.
Neeraj Saxena 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.
Neeraj Saxena Hi Satish, Immovable property documents, lien marked FDs and life insurance policies etc. could be used as collaterals for applying for education loans.
Neeraj Saxena It is important for you to decide your course and country first. Thereafter, you can visit us at Avanse, and we can discuss the loan proposal.
Neeraj Saxena Bad CIBIL / credit history is the primary reason for loan rejection. However, there are other reasons as well including - co borrower not meeting financial eligibility, collateral property not being legally clear, etc.
Neeraj Saxena This depends on the lending institutions' policy. Most banks only lend to AICTE / UGC approved colleges. At Avanse, we consider loans for all types of courses and institutions and ascertain loan eligibility basis the quality of the course and future employment prospects.
Neeraj Saxena At Avanse, our education loans cover every expense associated with your academic programme including accommodation and living expenses.
Neeraj Saxena For processing a study abroad loan, you need to have your and your co borrower's KYC (Know Your Customer) documents, your academic records and the co-borrower's financial documents. Pl visit us with all these documents or you may speak to us on 1800 222 301.
Neeraj Saxena Yes, CIBIL scores are checked for any loan processing. You getting a further loan depends on your income and current obligations. This can be assessed. Pl visit Avanse with your financial documents.
Neeraj Saxena Federal loans are more a US concept whereby a US citizen can avail of education loans directly from the Government. In India, you will need to approach a bank of a private education loans provider for your funding needs.
Neeraj Saxena Engineering is like any other academic programme in as far as education loans is considered. Loan eligibility differs with each case. I would advice that you talk to us for your specific requirement on 1800 222 301.
Neeraj Saxena At Avanse, there is no upper limit on the loan value. However, your loan eligibility depends on several factors including your academic performance, choice of course, co borrower etc.
Neeraj Saxena It is possible for you to take loans separately for two different courses. On repayment, the terms may differ from product to product and on the lending institution as well. However, do bear in mind that the current education loan EMI will be considered to check you eligibility for the new loan.
Neeraj Saxena At Avanse, private or government institutions is not a criteria. What matters is the course opted for and the kind of career progression it offers to the student, to be eligible for a loan with us. Contact us on 1800222301.
Neeraj Saxena Both options are possible, though the rate of interest of the education loan will be ascertained once the college admission is finalised. The loan value eligibility can be evaluated before the admission process.