I would like to know about study Loans and scholarships. What would I need to be eligible for a loan or scholarship?

Asked by Jennifer Reid over 1 year ago

Answers 1
Deepali Singh

Deepali Singh

MentR-Me Team

Study Abroad Expert

Education loans, (student loans), are advances given by way of banks or financial establishments to students to assist them to pay for their greater training costs. Under this exceptional mortgage scheme, students with excessive academic skills are given financiresourcesrce to find out about institutes in India and abroad

Many Indian banks offer such loans at low hobby fees and with flexible terms and prerequisites to certified applicants. Additionally, the documentation system is maintained to a naked minimum so that students can attain their mortgage money as soon as possible.

Education Loan Eligibility

The integral training mortgage eligibility standards that the candidates need to fulfil to get approval for the loan are listed out here:

The candidate applying for the mortgage needs to be a resident of India.
He/she ought to have tested admission in known instructional institutes in India or abroad.
The age of the candidate should fall within the bracket of 18 to 35 years at some stage in a mortgage application.
He/she must be undergoing a graduate/postgraduate degree or a PG diploma.
The applicanhahasto has secured admission to a college or university-affiliated university grants Commission(UGC)/All India Council for Technical Education (AICTE)/Govt. etc.
Students pursuing full-time courses need to have a co-applicant who can be both parent/guardian or spouse/parent-in-law (in the case of married candidates).
The co-applicant needs to have an everyday income source.
A sturdy educational document helps fast loan approval. 


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