#educationloan | Explore Tumblr Posts and Blogs

dominicabank · 7 months

Text

#dominicabank #dominicabanking #mobilebanking #bankofdominica #savingaccount #dominica #dominican republic #educationloan #dominicaeducationloan

21 notes · View notes

educationloans-101 · 9 months

Text

Education Loan for Abroad Studies: Explore Student Loans

An investment in knowledge pays the best interest! And if the knowledge is attained at a top-tier and premium university then it is sure to elevate your career to the next level. However, the unfortunate reality is that the cost of studying in a reputed college is usually quite steep. And studying in a good college overseas is an even more expensive proposition.

Education loans for abroad studies help students, irrespective of their financial status, realize their dream of studying in one of the best universities in the world.

Numerous banks and other lenders now provide foreign education loans for students who want to study abroad. These lenders have different education loan schemes on offer, but choosing the one that is right for you is not an easy task. And that is where GyanDhan helps.

We match you with that lender, which is the best education loan for abroad studies that suits your profile and needs perfectly, and then help secure the loan approval in the most seamless and hassle-free manner.

What is the Maximum Loan Limit For Education Loans to Study Abroad?

In secured education loans, students can apply for student loans of up to INR 1.5 cr. In foreign education loans without collateral, students can apply for study loans of up to INR 45 Lakhs. This loan amount limit can increase or decrease depending on the applicant’s and co-applicant’s profile, country, course, etc.

How to Apply for Abroad Education Loans?

The steps to apply for a loan for financing the studies abroad are:

Step-1: Check your loan eligibility online.

Step-2: Get expert loan counseling to compare the options available.

Step-3: Select a lender and apply online.

Step-4: Get the customized education loan document checklist.

Step-5: Submit the required education loan documents either online or get documents picked up from your home by our representative.

Step-6: Get the property & other legal evaluations done (in secured loans).

Step-7: Get the loan sanction letter after the education loan approval from the lender.

How to Choose the Best Overseas Education Loan?

Taking an education loan to supplant the cost of education overseas is the right choice. Depending on the amount and your profile, financial institutions can finance even 100% of the cost of the course.

However, to get the best education loan option, one needs to carefully analyze the following key aspects of the various options available. When you apply to GyanDhan, we do this analysis for you. In case you do the loan comparison yourself, consider these factors:

Interest Rate: Even a 1% increase in the education loan interest rate has a substantial financial effect. Example - Loan Amount: Rs. 30,00,000, Loan Repayment in: 5 years after you graduate, Course Duration: 2 years; While at 10%, you’ll pay Rs. 9.7 lakhs in interest, at 11%, you’ll pay Rs. 10.9 lakhs - that’s a difference of 1.2 lakhs for just 1%!. Also, historical changes done by any lender in its interest rates should also be considered.

Repayment Holiday/Moratorium Period: It is a specified period during the loan tenure in which the borrower is exempt from making repayments. Loans with a moratorium period have a big plus, as you don’t have to worry about making repayments while you study overseas.

Tax Rebate: Education loans for foreign studies taken from Indian banks are special in that the entire amount paid as interest is exempt from income tax. This has a huge impact: Example - Loan Amount: Rs. 30,00,000, Marginal tax bracket: 30%, Repayment in: 5 years after graduation, Course Duration: 2 Years, ROI: 10%... If your loan has tax rebate, you can save Rs. 2.9 lakhs!

Margin Money: The amount that you need to pay from your own pocket while the rest is paid by the bank. If a bank offers a 0% margin, it means they’ll fund all your education expenses in the offered loan amount.

Hidden Fees: There are numerous hidden fees that your lender might be charging you and when accumulated these will cost you a considerable amount, such as:

Forex Margin: Some lenders charge a forex conversion charge when the overseas education loan is sanctioned in INR and disbursed in some other currency. This can be as high as 1.5%, which translates to Rs. 45,000 for a loan amount of Rs. 30 lakhs.

Processing Fees: This varies from zero to as high as 2%. For a loan of Rs. 30,00,000, the processing fees can be as high as Rs. 60,000

Cost of Credit Life Insurance: Some lenders make it mandatory for the applicant to go in for credit life insurance with their education loan scheme so that their loan amount is protected against any unfortunate eventualities. If the premium amount is on the higher side then it eventually increases the cost of the education loan as well.

Mandatory Cross-Sell: Some lenders try to cross-sell other policies before sanctioning the education loan, even though it is not required on the applicant’s end.

Interest Rate in Different Currencies: Often students face a dilemma of choosing over an education loan in USD with a lower interest rate or an equivalent amount in INR with a higher interest rate. By the previous trend of the rising prices of US$ to INR conversion rates, it is a smart choice to go for the loan amount in INR even though it may come with a higher interest rate.

As you can see, by selecting the right overseas education loan, the reduction in cost can be as high as 5-6%.

Which is the Cheapest Education Loan in India to Study Abroad?

Public sector banks offer the State Bank or BoB lowest interest rates on loans for foreign education compared to private banks & NBFCs. If your institution is listed in BOB’s premium list of colleges, Bank of Baroda offers the cheapest education loan for abroad studies. Otherwise, the State Bank of India offers the cheapest education loans. However, the extent of the cheap education loan in India depends on several factors including the applicant’s profile, co-applicant’s financial profile, target country, target course, etc.

Are you eligible for an abroad education loan? Check here.

#studyabroad #abroadeducation #educationloan #ms in usa #ms in germany #masters in UK

3 notes · View notes

abroadeducationloan · 11 months

Text

How to get an Abroad Education Loan?

If you're seeking an education loan for studying abroad, you can reach out to GyanDhan. They have partnered with India’s top banks such as SBI, UBI, HDFC Credila, ICICI, and even international lenders like Mpower and Prodigy Finance.

The best part is, GyanDhan's services are completely free! They will provide you with an experienced education loan counselor who will help you evaluate your profile and create a personalized checklist of documents you'll need.

And here's the cherry on top - GyanDhan offers you Guaranteed Best Loan and if you find a better loan offer elsewhere, they will gladly cover the difference in interest.

All you have to do is Check Your Loan Eligibility, and they will get in touch with you quickly.

Oh, and they also have an EMI calculator tool that lets you calculate your loan repayment installments easily.

#educationloan #studyabroad #msinusa #gyandhan #gyandhanloanwithoutcollateral #studentloan #how to get abroad education loan #educationloanforus #educationloanforuk

2 notes · View notes

financewithdhruv · 1 year

Text

What is CSIS ? (interest free education loan)

"Central Sector Interest Subsidy Scheme" (CSIS) provides full interest subsidy during the moratorium period ( i.e Course period + 1 Year) on modern education loans without any collateral security and third-party guarantee, for pursuing technical/professional courses in India.

To get Eligible for this scheme:

Students having parental income up to Rs. 4.5 lakhs per annum. - Students enrolled in professional/ technical courses only from NAAC accredited institutions or professional/ technical programmes accredited by NBA or Institutions of National Importance or Central Funded Technical Institutions (CFTIs). - CSIS is only applicable for domestic colleges and not for foreign institutions.

Source: Central Sector Interest Subsidy Scheme, 2009

#finance #education #educationloan #financewithdhruv

1 note · View note

venkteshwara · 1 month

Text

श्री वेंक्टेश्वरा विश्वविद्यालय/ संस्थान का देश में सबसे सस्ते ‘‘शैक्षणिक ऋण‘‘ (एजुकेशन लोन) के प्रतिष्ठित वित्तीय कम्पनी ‘‘ग्रेक्वेस्ट‘‘ के साथ अनुबंध।

ये शैक्षणिक ऋण योजना बहुत ही कल्याणकारी, अब गरीब बच्चे भी उच्च एवं तकनीकी शिक्षा से नहीं होंगे वंचित - डॉ. सुधीर गिरि, संस्थापक अध्यक्ष, वेंक्टेश्वरा समूह।

- आगामी सत्र 2024-25 में आई.टी., इन्जीनियरिंग, फॉर्मेसी, नर्सिंग, प्रबंधन एवं एग्रीकल्चर समेत विभिन्न पाठ्यक्रमों में प्रवेश लेने वाले छात्र/ छात्राऐं इस योजना से होंगे लाभान्वित - डॉ. राजीव त्यागी, प्रतिकुलाधिपति, श्री वेंक्टेश्वरा विश्वविद्यालय।

- विभिन्न पाठ्यक्रमों में प्रवेश के इच्छुक एवं विश्वविद्यालय में पहले से अध्यनरत् विद्यार्थी भी इस कल्याणकारी शैक्षणिक ऋण योजना के लिए विश्वविद्यालय के वित्त विभाग या सीधे एडमीशन विभाग में आवेदन कर सकते हैं - श्री विकास भाटिया, मुख्य वित्त अधिकारी, श्री वेंक्टेश्वरा विश्वविद्यालय।

- मुम्बई, दिल्ली, बैंगलूरू, हैदराबाद, चेन्नई, जैसे देश के महानगरों के बाद अब वेंक्टेश्वरा में भी कम फैमिली इन्कम वाले स्टूडेंट्स के लिए यह शानदार योजना उपलब्ध - श्री शिशिर पुरोहित, एसोसियेट निदेशक, ग्रेक्वेस्ट वित्तीय संस्थान।

Read More : - https://x.com/vgigroup/status/1769946325099897120?s=20

0 notes

abroadcube · 2 months

Text

#studyabroad #abroadcube #studyabroadconsultants #studyincanada #studyinusa #studyinuk #fullyfundedscholarships #scholarshippositions #educationloan #studyloan #canadastudyvisa

1 note · View note

whyglobalservices-blog · 3 months

Text

Exciting news! WHY Global Services partners with IDFC First Bank to offer educational loans for underprivileged students aspiring for success in IT. 🌐✨

We're thrilled to share some exciting news! WHY Global Services has joined hands with IDFC First Bank to provide a remarkable opportunity for underprivileged students aiming to thrive in the IT industry. This unique partnership enables us to extend educational loans, making quality training and career advancement more accessible to those with big dreams but limited resources.

At WHY Global Services, we believe in the transformative power of education, and through this collaboration, we're dedicated to empowering ambitious individuals to reach their full potential in the world of IT. Join us in celebrating this impactful initiative! 🌐✨

#whyglobalservices #WHYsquad #idfcfirstbank #partnership #idfc #collaboration #educationloan

0 notes

loan-clark · 5 months

Link

#EducationLoan #EducationLoaninUSAforIndianStudents

0 notes

loanclark · 5 months

Link

#EducationLoan #EducationLoaninUSAforIndianStudents

0 notes

anooraulakh · 5 months

Text

HDFC Credila recognizes individual student needs and provides customized solutions considering several factors, such as the chosen study destination, course duration, and financial circumstances.

#educationloan #educationalloan #hdfccredila #hdfccredilacontest #studyabroad #studyabroadconsultants #studypermit

0 notes

ed4wo-study-abroad · 6 months

Text

View this post on Instagram

A post shared by ED4WO Private Limited - Study Abroad Consultant (@ed4wo.study.abroad)

instagram

Studying Abroad has become more accessible as a result of globalization. Students have travelled across countries, continents, and seas to obtain the best education available. Studying abroad may help you discover your identity, meet new people, advance in your job, and enhance your social life.

It is critical to secure money in order to pursue your ambition of studying abroad. Check out this post for some inspiration! Remember to save this for reference in the future!

Feel Free To Call ED4WO at 𝟴𝟬𝟭𝟬-𝟰𝟬𝟵-𝟰𝟬𝟵 for further information, or go to 𝗵𝘁𝘁𝗽𝘀://𝗲𝗱𝟰𝘄𝗼.𝗰𝗼𝗺/ for more details.

0 notes

mansaenterprises · 6 months

Text

🌍 Study Abroad Loan 🎓 , Dreaming of studying abroad and expanding your horizons? Mansa Enterprises is here to make your dreams a reality with our Study Abroad Loan! , 📚 Key Features: 💡 Competitive Interest Rates 🌏 Worldwide Acceptance 💰 Financial Support for Tuition and Living Expenses 📆 Flexible Repayment Plans , Unlock the world of opportunities with a Study Abroad Loan from Mansa Enterprises. Contact us today to embark on your educational journey! 🛫📝

0 notes

henryjordan12 · 6 months

Text

#studyabroad #studyabroadconsultants #overseaseducation #studyabroadcounsellors #studyabroadlife #australiasvisa #finance #studyincanada #college life #study motivation #educationloan #gradding #us education

0 notes

uniquefunding01 · 8 months

Text

Merchant Cash Advance: A Smart Financial Solution for Businesses

In today's fast-paced business landscape, entrepreneurs often find themselves in need of quick and flexible financing options to sustain and grow their enterprises. One such financing method gaining popularity is the Merchant Cash Advance (MCA). In this article, we will delve into the world of MCAs, exploring what they are, how they work, and their pros and cons. So, if you're a business owner looking for financial support, read on to discover if a Merchant Cash Advance is the right choice for you.

Understanding Merchant Cash Advances

A Merchant Cash Advance is a financing option designed specifically for businesses that accept credit card payments. It provides an upfront lump sum of cash in exchange for a percentage of future credit card sales. This unique financial arrangement allows businesses to access funds quickly, making it an attractive option for those facing cash flow challenges or opportunities for growth.

How Does A Merchant Cash Advance Work?

MCAs function on a simple premise. Upon approval, a business owner receives a predetermined sum of money, usually within a few days. In return, the MCA provider collects a percentage of daily credit card sales until the agreed-upon amount, plus fees, is repaid. This repayment structure is particularly beneficial for businesses with fluctuating sales since they pay back more when sales are high and less when sales are slow.

The Benefits of MCAs

Fast Approval and Funding

One of the most significant advantages of MCAs is their swift approval process. Unlike traditional loans, which may take weeks to secure, MCAs can be approved and funded within days, allowing businesses to address urgent financial needs promptly.

No Collateral Required

Unlike traditional loans that often require collateral, MCAs are unsecured. Business owners don't need to risk their assets to access much-needed capital. This eliminates the fear of losing valuable property in case of financial difficulties.

Flexible Repayment

MCA repayments are tied to daily credit card sales, making them flexible and manageable. During slow periods, businesses won't be burdened with hefty fixed monthly payments, ensuring cash flow remains steady.

Potential Drawbacks of MCAs

High Costs

While MCAs offer convenience, they come at a cost. MCA providers charge fees based on the amount advanced, and these fees can be higher than traditional loan interest rates. Businesses should carefully evaluate the total cost of an MCA before committing.

Daily Repayments

The daily repayment structure, while flexible, can also be a drawback. Some businesses may find it challenging to manage daily deductions, especially during slow sales periods.

Is an MCA Right for Your Business?

Whether an MCA is suitable for your business depends on your specific circumstances. It can be a lifeline for companies in need of immediate cash but may not be the most cost-effective option in the long run. Careful consideration of your financial situation and future projections is crucial.

Applying for a Merchant Cash Advance

Applying for an MCA typically involves providing basic business information, bank statements, and credit card processing statements. MCA providers evaluate your business's credit card sales history to determine eligibility.

Alternatives to MCAs

While MCAs offer advantages, they are not the only financing option available. Business owners should explore alternatives such as traditional loans, lines of credit, or Small Business Administration (SBA) loans to determine the best fit for their needs.

Tips for Choosing a Reliable MCA Provider

When considering an MCA, it's essential to choose a reputable provider. Research and compare multiple MCA companies, checking their terms, fees, and customer reviews to make an informed decision.

Using MCAs Wisely: Best Practices

If you decide to proceed with an MCA, it's vital to use the funds wisely. Have a clear plan for how the capital will be used to benefit your business and ensure that the return on investment justifies the costs associated with the advance.

Real-Life Success Stories

To gain a deeper understanding of how MCAs have helped businesses, we'll share real-life success stories of entrepreneurs who leveraged MCAs to achieve their goals.

Understanding the Legal Aspects

Business owners should also be aware of the legal aspects of MCAs, including the disclosure requirements and regulations governing these financial products in their region.

The Future of Merchant Cash Advances

As the financial landscape evolves, so do financing options like MCAs. We'll explore the future trends and innovations in the MCA industry.

Merchant Cash Advance can be a valuable tool for businesses seeking quick access to funds without the need for collateral. However, it's essential to weigh the benefits against the costs and consider alternative financing options. Make an informed decision that aligns with your business's financial goals.

FAQs

Are MCAs suitable for startups?

MCAs are typically more suitable for established businesses with a track record of credit card sales.

How are MCA fees calculated?

MCA fees are calculated as a percentage of the advance amount, often ranging from 10% to 30%.

Can I pay off an MCA early?

Some MCA providers allow for early repayment, but it's essential to check the terms and potential discounts.

Do MCAs impact personal credit scores?

MCAs are usually based on business performance and do not directly affect personal credit scores.

What happens if my credit card sales decrease significantly?

During slow sales periods, MCA repayments decrease proportionally, reducing the financial strain on your business.

#star wars #yellowjackets #michael cera #artists on tumblr #welcome home #small business #business loan #finacial loan #usa #utah #educationloan

0 notes

tejas10 · 8 months

Text

Education Loan for International Students – Careerbrick Consultant

Fulfil your study abroad dream with education loan. We help to get education loan for international students. Check Eligibility, Offers and easy to apply.

#educationloan #abroad education #study abroad

0 notes

allindiagovtjobs · 9 months

Text

How Can I Compare Different Education Loan Options To Find The Best One For Me

How Can I Compare different Education Loan Options To Find The Best One For Me How Can I Compare Different Education Loan Options To Find The Best One For Me.Pursuing higher education is a dream for many, but the rising costs of tuition and living expenses often require financial assistance. Education loans have become

0 notes