3 posts tagged “education loan india”

Although anyone thinking about taking a loan out needs to give careful consideration to affordability and ne

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In the India you will find a number of lenders that are able to offer education loans and career development loans, and these can prove to be an effective and valuable solution to paying for a better education and improving your skills, knowledge, and ultimately your job prospects.

An education or career development loan can be used to fund a number of courses. You may wish to pursue your further education full time by going back to college, you may be looking to study on a distance learning basis, or you may be looking to attend a course such as IT. It sometimes become necessary to compare education loan rates before deciding a right path for your career. Whatever you are looking to do in terms of improving your skills, knowledge, education, and qualifications, you will find a number of solutions open to you including the availability of standard bank loans in addition to specialist educations loans and career development loans.

IT education provider NIIT on Monday signed an agreement with Oriental Bank of Commerce (OBC) to offer loan facilities to students enrolling for its courses.

As per the agreement, OBC would provide financial assistance to NIIT students in the form of educational loans of up to Rs 1.24 lakh for career programmes of over one-year duration.

The loan would be sanctioned as per the educational loan scheme of OBC and would also come with a free personal accident insurance of up to Rs 15 lakh.

Besides, the bank also offers loans of up to Rs 2 lakh to working executives for management programmes from NIIT Imperia.

Higher education is expensive. Just about anyone who has applied for college lately can attest to that fact. The depressing news is that costs for all forms of higher education will continue to rise, and these costs will affect many individuals as they consider whether or not they can afford to go to school. These increasing costs makes finding the best student loan programs imperative for many would-be students as well as for those who are already enrolled.

Education loan in India is simply a form of financial aid to help pay for the costs of attending a college or university. This money must be repaid (with interest) which is why it is a loan and not a grant or a scholarship. Grants and scholarships usually do not have to be repaid.

There are three main types of student loans: Private student loans which are also known as alternative student loans; parent loans such as the PLUS student loan programs, and then there are the more traditional and well known student loans such as the Stafford and Perkins loans.

These are the primary types of student loans, but there is one other off-shoot type of loan that is commonly known as a student consolidation loan. This type of loan takes place after a student has received his or her primary loans. The consolidation loan simply bundles all (or some) of the primary loans into one loan with one monthly payment.