Types Of Education Loans
Domestic Education Loans
A type of loan for students to pursue education in institutions based in India.
Lenders might charge less favorable terms to the loans without co-signers.
Study Abroad/Foreign Education Loans
To pursue education in recognized foreign colleges and universities abroad.
No-collateral loans up to INR 1.5 crore starting at 10% can be availed.
Under Graduate Education Loans
To pursue a Bachelor degree from a national or international college/university.
To avail of this loan, the student must have passed his/her 12th (twelth) grade.
Post Graduate Education Loans
To pursue a postgraduate degree from a national or international college/university.
To avail of this loan, the student must have a Bachelor degree in any subject.
Loan Against Deposits
Is a secured loan that allows you to borrow money using your FD or RD as collateral.
If need funds quickly but don't want to withdraw them from your FD prematurely.
Loan Against Property
Can be availed against immovable assets such as a house, flat, plot, agricultural land etc.
This option is a good choice if you need funds quickly at lesser interest rates.
Loan Against Securities
Can be availed against immovable assets such as shares, life insurance policies, bonds, etc.
When funds needed quickly at lesser interest rates upto 80% of the value of the securities.
Third-Party Guarantee
Can be availed against a third party who can be a family memeber, relative or friend.
The guarantor uses their assets as collateral to ensure the loan is repaid.