IDFC FIRST Bank EMI Payment for Education Loan IDFC FIRST Bank offers a range of education loans to help students finance their higher education for in India and abroad. For students wishing to study abroad, IDFC FIRST Bank offers loans with collateral and without collateral too. The following points highlight the benefits of getting an […]
What is the Full Form of EMI? The full form of EMI is Equated Monthly Installments. It is a fixed monthly payment made by a borrower to a lender to repay a loan over a specified period. Each EMI includes both the principal amount and the interest on the loan, ensuring that the borrower gradually […]
Types of Education Loan for Engineering Students On the basis of the requirement for collateral, there are typically two types of loans- secured and unsecured. Let’s understand them in detail: 1. Secured Education Loans Secured education loans require the borrower to provide collateral, which could be in the form of property, fixed deposits, or other […]
What is a Co-Applicant in Education Loans? A co-applicant plays a very important role while availing of an education loan. Having a co-applicant mitigates the financial risk for both the borrower and the lender. A co-applicant in an education loan is an individual who signs the loan agreement alongside the primary borrower (typically the student). This […]
Cost of Studying Masters In Ireland If you want to study masters in Ireland, you need to know about the cost of studying there. Indian students who want to study for their master’s in Ireland should be prepared to pay €10,000 – €40,000 every year. The cost of masters ranges between this amount. Be mindful […]
How to Get a Loan to Fund Your MS Degree in the US On Your Own Funding a Master’s degree in the US can be daunting but manageable with proper planning. Here are steps you can consider to get a loan on your own: How to Get an Education Loan Without Collateral for MS […]
Why is CIBIL Score Important for an Education Loan? Cibil score plays an important role in obtaining an education loan, as it determines the loan approval. A high cibil score can minimise your time for loan approval, and on the other hand, a low cibil score can lead to non-approval of loans. It is one […]
What is the 80E Education Loan Deduction? There is a tax benefit on repayment of education loans under section 80E. One thing to note here is that EMI for the loan consists of interest and a part of the principal amount. Further, the person claiming the deduction can be the person availing of the loan […]
What is Collateral in Education Loan Collateral is a security that a borrower pledges as a security for the loan. It works as a security for the lender in case the borrower defaults in repayment of the loan amount. The value of the collateral typically covers the loan amount. Now since the lender has assured repayment […]
What is an Education Loans With Collateral? Studying abroad requires financial support, which can not be obtained easily. However, education loans with collateral to study abroad offer smooth and speedy loan processing. In this process, you will be required to provide any of your collaterals to the lender as a guarantee of loan payback. If, […]
