What are NBFCs?

What are NBFCs

Are you looking for the best financial institutions for an education loan? Let’s talk about NBFCs! The full form of NBFC is Non-Banking Financial Company. These companies are registered with the RBI under the Companies Act of 1956 and offer services similar to banks but are not officially recognized as banks. NBFCs are involved in … Read more

Student Loan for MBA

Student Loan for MBA

Pursuing an MBA is a strategic move for professionals seeking to elevate wealth of career opportunities and skill development, making it one of the smartest investments for your future. Students dedicate years preparing for various exams in order to secure admission to top universities for an MBA program. However, one of the biggest challenges of … Read more

How to Get a Student Loan Sanction Letter?

Student Loan Sanction Letter -Process, Format & Requirements

Applying for an education loan in India can often feel overwhelming. With multiple steps – ranging from meeting eligibility criteria to completing the documentation, securing loan approval, and finally, receiving the funds is not easy – students and parents can find the process difficult. Understanding these steps, including the intricacies of loan sanctioning and disbursement, … Read more

Education Loan Tax Benefits

Education Loan Tax Benefits

Imagine Rohit, a professional who recently completed his MBA and was placed in one of the top MNCs. He has an education loan of ₹20 lakhs, and his CTC is ₹12 lakhs per annum. If he wants, he could pay off his entire education loan in a couple of years. However, from the view of … Read more

Education Loan with Low Interest Rate

Education Loan with Low Interest Rate

Finance should never be a barrier to education, yet many students abandon their dreams due to financial restraints. While education loans are a viable option, the fear of high interest rates often discourages students from utilising them. What many aspiring scholars don’t realize is that a world of low-interest rate education loans exists, waiting to … Read more

What is CIBIL Score?

What is CIBIL Score

If you’ve ever applied for a loan or credit card and been rejected or worse, offered sky-high interest rates, you might have been left wondering, “What went wrong?” The answer often lies in a number you might not have paid much attention to: your CIBIL score. When applying for a loan, several factors are considered … Read more

What is Education Loan Underwriting?

What is Education Loan Underwriting?

.Ever wondered why some education loan applications breeze through while others hit a dead end? The answer lies in the underwriting process. Grasping the education loan underwriting process could be a great boost to your education loan approval chances. This process is like a behind-the-scenes audition where banks decide if you are a worthy candidate. … Read more

ICICI Bank Education Loan Interest Rates – Fees, Service Charges and Tax Benefit Calculator

ICICI Bank Education Loan Interest Rates

Higher education is a gateway to better opportunities, personal growth, and career advancement. However, the education cost often forces students to look for financial help  in the form of education loans. While this source provides immediate relief, but these interest rates become a burden on the shoulders. Student loan interest rates vary based on factors … Read more

Documents Required for PNB Education Loan – Checklist & Documentation Charges

Documents Required for PNB Education Loan - Checklist

Priya, from a modest background in rural Bihar fortunately secured admission to a prestigious engineering college in Delhi, a dream she’s nurtured since her childhood. Her family, while immensely proud, can barely afford the college fees, let alone the living expenses in a metropolitan city. That’s when PNB education loan seems like the perfect solution … Read more

Dos and Don’ts to Avoid Educational Loan Application Rejection

Dos and Don'ts to Avoid Educational Loan Application Rejection

Have you ever faced rejection for your education loan application? If so, you’re not alone. Many students find themselves in a situation where their application is rejected, even after carefully completing all the required formalities. The reasons for refusal are not always obvious, leaving applicants confused and uncertain about what went wrong. To improve your … Read more