HDFC Credila vs. Axis Bank Education Loan Key Features Comparison When it comes to education loans, both Axis Bank and HDFC Credila are trusted lenders and provide notable similar features. Below is a comparative table that highlights the significant features of education loans from both banks. Features Axis Bank HDFC Credila Maximum Loan Amount No […]
What is a Cosigner ? Before going any further, it is crucial to know about the role of a cosigner. A cosigner is a person who becomes a guarantor for your loan and agrees to pay it back if you are unable to do so. A cosigner can be a family member, relative, or close […]
What is an Education Loan Without Collateral Generally, loans are backed by some security or guarantee, that the lender can seize in case the borrower fails to repay the loan. But, as the name suggests, education loans for abroad studies without collateral do not require any security to be furnished to access the funds. Many […]
Which is the Approved Foreign Universities for Education Loan? List of Approved Foreign Universities for Education Loan in the USA There are about 985 universities in the US that provide world-class education. Most top universities have a student-to-teacher ratio of 16 to 1. On average, international students pay $50,000 per year in tuition. Because of […]
Tax Benefits on Education Loan Here are the tax benefits you can get if you get an education loan to study abroad: 1. Interest Deductions: You can claim interest paid on the education loan under section 80E of the Income Tax Act on your total taxable income. This will help reduce the overall cost of […]
Education Loan For Pilot Training In Abroad Key Features A commercial pilot’s license from an approved flight school ranges from INR 35 to 40 lakhs. Therefore, education loan for pilot training abroad are specifically designed to support students in covering the expenses associated with their aviation education. Here are some key features of these loans: […]
Top Banking Institutions and Their Education Loan Interest Rate Public Banks’ Education Loan Interest Rate Bank Secured Loan Interest Rate Maximum Secured Loan Amount Unsecured Loan Interest Rate Maximum Unsecured Loan Amount State Bank of India (SBI) 11.15% INR 1.5 Cr 11.15% INR 7.50 Lakhs Bank of Baroda Starting at 8.15% INR 150 Lakh NA […]
What are the Benefits of Taking an Student Loan for MBA Abroad? Taking an student loan for MBA abroad has several benefits: What are the eligibility criteria for an student loan for MBA Abroad? The eligibility criteria for an student loan for MBA abroad are as follows: Note: These are general criteria, and specific banks […]
Types of Education Loan for Medical Studies Education loans can be categorised based on various factors. Here are some types of education loan for medical studies: 1. Based on Location 2. Based on the Course of Education 3. Based on Collateral Career Education Loan: A Career Education Loan for medical students is a type of […]
