Today, good education poses to be the primary need for children & parents. Loan taken for education can be used to meet recurring educational expenses. Typically, an education loan can be repaid after you’re done with your educational course (professional/ hobby related). However, the process of application, approval and disbursal takes a very long time. It’s accepted for banks to provide instant loans to the student and parent both. You can also consider personal loan for education which compositely covers costs like tuition fees, registration charges & examination fees along with allied expenses for equipment costs, travelling expenses, co-curriculum charges etc.
What all can be covered by a personal loan for education?
Any course can be chosen from premier colleges/ universities in order apply for a personal education loan. The course can be Post Graduation, professional, graduation, management, diploma etc. for students studying inside India. The same applies for international courses whether it is professional, graduation, certification course, etc. This is unlike an education loan where specific courses can be taken.
So, a personal loan is called to be versatile since it applies to educational courses in India and abroad. At Home Credit, we offer personal loan for all purposes. Our quick loans can be approved and disbursed at immediate frequency. We provide instant loans for an amount upto Rs.2,00,000. Our loans are quite flexible to cover specific bits of every educational course. Any individual can even apply for higher studies loan abroad for which, he/she can avail flexible amount of funds.
The list mentioned below shows the different charge/fees covered by quick personal loans:
- Purchase of books, tools, uniforms etc.
- Purchase of computer (laptop/ desktop) if declared necessary by college/university for successful completion of the course
- Tuition, library, hostel, exam fees, etc.
- Travel expenses of the student if seminars and workshops are conducted abroad.
- Other additional costs related to course completion whether it’s a documentary, tours or projects.
Things to Consider before You apply for an Online Education Loan
The pointers given below must be kept in mind when you apply for a personal loan for education:
- Based on the individual capacity of the borrowers, an amount starting from Rs. 25,000 to Rs.2,00,000 is provided. However, only a part of international studies can be managed with our personal loans whether we speak of cost of books, hostel fees, tuition fees, travelling charges or other related expenses.
- Via Home Credit, you can apply for quick cash through the online process in a click. education loan is one of the best education loans online because our website provides top providers of students’ loans not only for India but also abroad. This is the most recommended way when your education needs mediate financial help.
- Like we mentioned before, specific education loans accept repayments after course completion or once you have a course at hand. However, under personal student loans, repayments start after disbursement. Ofcourse, this is unfavorable in many crisis situations. But then what happens when you fail to find a job as soon as the course completion. This where a personal loan can ace the financial crunch!
Opt for a personal loan by Home Credit right away & observe the benefits on urgent basis!