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How can take a education loan?

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Anonymous

14y ago
Updated: 8/17/2019

You can approach a bank with a set of documents that they will usually require for granting you an educational loan. they are:

1. Mark sheets of your last qualifying exam

2. Proof of admission into the college

3. Schedule of expenses for the course

4. Photographs (Usually passport size)

5. Bank Account Statement of the Borrower for the last six months (If Applicable)

6. Income tax Assessment statement of the guardian (Parents or Guardians)

7. Statement of Assets & Liabilities of the co-borrower (Parents or Guardians)

8. Proof of Income of the Guardian

9. Identity Proof like Driving License, Passport or Voters ID for both the student and the Guardian

10. Address Proof like Ration Card or Electricity Bill etc

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Wiki User

14y ago

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Can you take an education loan for your own self?

Yes.


How does a US Department of Education Consolidation Loan work?

A US Department of Education Consolidation Loan works by allowing students who have at least one student loan held by ED and at least one commercially held FFEL program loan to take out a special loan. One who wants a US Department of Education Loan must apply by the deadline.


Can you get an education loan if your elder brother has already taken education loan from the bank?

See, if your family is not able to repay the loan amount, then you should not take loan on your family's security. Rather, you can take Education Loan on your name i.e. Banks or NBFCs will give you loan, putting a condition that you have to repay your loan after completion of your degree (within a year approx.). So, you can sincerely study and get job in reputed company and you can easily return the loan amount. Popular Banks such as IDBI, Dena, ICICI and NBFCs like Bajaj Finserv give Education Loan for higher studies on legitimate interest rate. Good luck for your future.


How do I take out a government loan?

If you want to take out a government loan for education, you need to go through student aid. Most colleges have student aid that will help their students get started. You can also go to the loan lender independently.


What is a low interest loan funded by the us department of education that eligible student may take out to pay for college?

Direct Stafford loan right for apex learning


Who should get a debt consolidation loan?

Federal Student Loan Consolidation Program means combine all loan into a single pay. :Loan consolidation is the best for the student who not able to pay your fees. If any student want to continue their study and they want to take admission in top college for higher education but good college take high fee. But some time all student unable to pay your college fee then they take student loan. But after completion of education they are facing problem with pay your student loan then they require loan forgiveness or consolidation. Federal student loan consolidation is the best option to pay your all loan into single pay


'The loan you secured to pay for your college education is an obligation to take very seriously' is this correct grammar?

That is correct grammar.


Is there any resources to consolidate school loans online?

A Federal Consolidation loan is a repayment option for student loan borrowers. It is designed to make education loan repayment easier by combining existing eligible federal education loans into one new loan with a fixed interest rate and a lower monthly payment. Consolidation is a bit of a misnomer because a single loan can be "consolidated" to take advantage of better loan terms.


Does the Higher Education Act provide for student loan consolidation?

The Higher Education Act does provide student loan consolidation under the Federal Family Education Loan and Direct Loan programs. The loan consolidation may lower interest rate and extend the amount of time to repay.


You want sent the petion for finace minister P.chidambaram concern education loan give any mail ID?

i want education loan for mca but the banks are not given because i am studying in sastra university so they are not given please help for me and take a immediate action for this because many students are affected by this rules give education loan for all university students


What is an education loan calculator, and how does it work?

An education loan calculator is a simple tool that helps students and parents estimate the monthly payments for a study loan. By entering the loan amount, interest rate, and repayment period, it shows the education loan EMI and the total repayment amount. Using an education loan calculator helps plan finances before applying for a loan. It allows borrowers to see how changes in loan amount, interest rate, or tenure affect monthly payments, making it easier to choose a loan that fits their budget.


Role of education loan facility in respect of heigher education?

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