Education nowadays has become the most expensive matter. Any type of degree is nearly impossible to go for without spending lacs. Therefore much middle-class families who are unable to afford higher studies urge to get loans from banks or other financial institutions. But the rate of interest is the essential point that worries them. Education Loan is a perfect option for anyone looking to go for higher studies. The amount of loan that one can get depends on whether you are going for higher education in India or abroad. Study Loans or Education Loans are one of the most comfortable and fastest to access in India. They are generally sought after by those people who wish to pursue higher education but lack the financial muscle to obtain it. Eduvanz Instant Education Loan can help them out to go for any kind degree by providing a monetary guide at a minimum or no rate of interest.

Eduvanz Instant Education Loan

Educational Loans For Different Courses

People can quickly get educational loans for professional courses like engineering, medical, etc. But what for the ones who want to pursue a different kind of degree like hair styling courses, SAP courses, catering courses etc.? Banks are comfortable to lend for those courses which have an immediate future. Technical courses pursued abroad also qualify for an education loan.

Loans are generally unavailable for simple and a bit different courses, and anyhow if an institution is there to provide loans to these students, they charge a high rate of interest for the same. One needs to go for the Eduvanz Instant Education Loan to have a soothing process of building a career.

Eduvanz How To Get Education Loan Easily?

There are two types of financial institutions that cater to such loans. PSU Banks and Private Banks. PSU Banks are not supposed to ask for any security for loans up to 4 lacs but can insist on a third-party guarantee for loans ranging from 4 to 7.5 lacs. Beyond 7.5 lacs, they will ask for some collateral in the form of a Property, Fixed Deposit, Shares, etc. The application is secure, and they will add your parent as a co-applicant in most cases. The best part is that you will not be required to repay the loan until one year after completion of education OR six months after getting a job (whichever is earlier). It becomes hard to repay the loan in much less time just after getting the job. You might be asked to pay the interest on the loan while you are studying if your financial background is good. 

Private sector banks will lend you faster, but they will, in most cases, not go forward without collateral, and they will ask you to start repaying the EMI right from the next month onwards. Their interest rates will also be on the higher end. Eduvanz Instant Education Loan does not pressurize in anyway way. It is a digital financing company that provides loans at zero interest to the skilled ones. This particular institution supports you in every step of your career and helps you reach your ultimate goal.