Education Loan Calculators
EMI Calculator
Calculate your average monthly payments on your Education Loan and plan your finances well in advance.
Repayment Calculator
Calculate the amount you will owe monthly based on the repayment period you choose and your borrowing plans.
College Course Expense Calculator
Finding out what amount is right to borrow can feel overwhelming, most students choose to take the maximum amount possible
FAQ
Frequently Asked Questions
Yes, you can apply for an education loan if your application is rejected the first time.
The different factors that are considered when lenders provide an education loan are the student's academic background, the co-borrowers job profile, the type of collateral that is being provided, and the university where the individual has secured admission.
Yes, lenders levy a penalty in the case of late payments in student education loan
Financial institutions are cautious when analyzing the eligibility of candidates in order to ensure that monetary aid reaches the students. Before approving a loan, the basic characteristics considered are the students' overall academic quality, prospective education path, and current admission status. Scoring high grades/ranking in the qualifying exams. Displaying good academic record. Getting admission to a reputed/top-tier institute or university. Strong financial background of parents/guardians/co-borrower. Displaying good prospects for future employment/income generation.
Yes, depending on the amount of education loan that is availed, the lender may levy a processing fee.