Pan Card and adhaar
College Prospectus
Gaurontor Documents
Education Loan Key Features
| Eligibility Criteria | Details |
| Age | 21-65 yrs |
| Salary / Business Vintage | 2 year |
| CIBIL | 650 and above |
| Car Loan Interest Rate | 8.00 % per annum |
| Lowest EMI per lakh | 1852 |
| Tenure | 12 to 72 months |
| Car Loan Processing Fee | .50% to 1% |
| Prepayment Charges | No charges on Individual name |
| Part Payment Charges | No charges on individual name |
| Minimum Loan Amount | Rs. 5000 |
| Maximum Loan Amount | Rs. 100 Lakh |
Rate of interest and Charges
List of Top Banks for Education Loans in Uttarakhand
| Banks | Interest Rates | Processing Fees |
| HDFC Bank | 10.50 – 10.65% | 2500/- |
| ICICI Bank | 10.25 – 10.65% | 2500/- |
| Axis bank | 10.50 – 10.60% | .25% |
| Central Bank of India | 10.00 – 10.25% | Nill |
| Kotak Bank | 10.00 – 10.25% | .20% |
| IndusInd Bank | 10.25 – 10.65% | .20% |
| Standard Chartered | 10.00 – 10.65% | 5000/- |
| SBI / State Bank | 10.00 – 10.65% | Nill |
Overview
An education loan is a type of loan that allows students to get admission to there dream college. Students can pay back in various flexible payments mode.
Documents Required
- Pan Card
- Adhaar Card
- Income documents of guarantor
- College prospectus
- 1 Photo
Features and Benefits
- Just in 3 days
- Hassle-Free
- Multi-Purpose End-Usage
- Minimum Documentation
Rates And Charges
Education Loan interest rates can typically vary anywhere between 10.00% and 10.75% based on how you fulfill the requirements of the financial institution.
Important Tips
- Maintain Balance in advance for existing EMI’s
- Avoid higher no. of small loans.
- Pay all Emi’s on time.
An education loan is a type of loan that provides financial assistance to students who need funding for higher education.
There are two types of education loans: secured and unsecured. Secured loans require collateral, while unsecured loans do not.
Generally, any student who is a citizen of the country where the loan is being taken, has been accepted into an accredited college or university, and has a co-signer (if required) can apply for an education loan.
The amount you can borrow depends on the lender, the type of loan, and your creditworthiness. Generally, education loans can range from a few thousand dollars to hundreds of thousands of dollars.
The interest rate on education loans varies by lender and loan type. The rate may be fixed or variable, and can range from around 10% to 12%.
The repayment period for education loans varies by lender and loan type. It can range from a few years to over a decade.
Repayment options vary by lender, but generally, borrowers can choose to make fixed or variable payments, or defer payments until after graduation.
Many education loans have a grace period, which is a set period of time after graduation during which the borrower is not required to make payments.
No and the loan must be used for qualified education expenses.
If you default on your education loan, the lender may take legal action to collect the debt, and it could have a negative impact on your credit score.
It depends on the lender and your creditworthiness. Some lenders offer education loans without requiring a co-signer, but you may need to have a good credit score or meet other eligibility criteria.