Students can get educational loan facilities through various banks and financial institutions. The Government of India has announced policy for student loans that allows you to take up to Rs.4 lakh as a student loan without any collateral. The Reserve Bank of India also announces concessional interest rates. So, students can easily get their dream laptop. Read on to know more about the loan facility for students. This facility is designed for those who are looking for financial support for their studies.
This loan facility for students is offered to the students pursuing a postgraduate degree, diploma, teacher training, or nursing course. The courses must be recognized by the State or the Central Government. It is also available for those pursuing Aeronautical courses. The student should have a valid ID proof and a copy of life insurance. The student must have a minimum income of Rs.30,000 per annum. It is important to note that the student should be a citizen of Trinidad and Tobago.
The loan facility is available to the students pursuing post-graduate, diploma, nursing, and teacher training courses. The courses should be approved by the Central Government, State or the State, or the Director General of Civil Aviation. It is also available to the student pursuing Aeronautical course. However, the student must have a good credit history and demonstrate the need for the money. Once he has earned a decent income, he can use the loan as a source of finance.
Students can apply for the educational loan for any degree program. There are two types of loans available for students. One type is for studying abroad. An overseas education loan pays for the tuition fees, airfare and accommodation abroad. It is available to eligible students. An undergraduate loan, on the other hand, is meant for students to earn a degree in the country. Undergraduate degrees are generally three to four years in length. With a bachelor’s degree, an individual can land a job in almost any industry.
The loan facility for students is available for all kinds of courses. You can avail this loan if you are pursuing a degree program in a recognized institution. There are also special schemes for post-graduate and diploma course. You can use the money for any purpose. These funds are available for the students of all ages. The loans for undergraduates are available for international and domestic student studies. These loans are also good for students wishing to complete their education.
Apart from pursuing an undergraduate degree, you can avail a student loan if you are pursuing a postgraduate degree, diploma course or a nursing course. You must also be eligible to take a student loan if you are studying in an accredited college or university. The minimum age for a graduate to get a loan is 18 years. During this period, a college is allowed to charge a small percentage of his or her income as interest.
