Many banks and NBFCs offer student EMI app to calculate the number and amount of instalments in which the loans need to be repaid so that the borrower has a clear idea of the repayment process.

1. How can a student get a loan in India?
Education is getting expensive with each passing day, making it difficult for middle and lower
class Indian households to cope with the rising expenses. A large number of courses and
training in colleges and universities require a large sum of money which many Indians cannot
afford. To help with this, banks and other NBFCs (non-banking financial companies) have come
up with efficient and attractive education loans to ensure that the lack of finances does not
hinder students to get their dream career.
Why an education loan?
If you need money to fund your studies, it is better to take an educational loan rather than a
personal loan, as the rate of interest for the educational loan is lower as well as there are
provisions for other concessions for economically backward classes. Many banks and NBFCs
offer student EMI app to calculate the number and amount of instalments in which the loans
need to be repaid so that the borrower has a clear idea of the repayment process.
Who offers education loans?
Besides public sector banks, there are a lot of private banks and NBFCs offering student loans.
The rates of interest and other criteria vary from one bank/financial company to another. You
can compare between the student loans offered by these various banks and NBFCs as per your
requirements, and select the one that suits you the best.
How to acquire and repay the loan?
Due to the high demand for student loans, banks and NBFCs compete to keep their loans
attractive, simple and speedy. Due to the large reach of smartphones in today’s day and age,
many banks and NBFCs have a mobile student EMI app to facilitate easy education loan
repayment. Technological advancements have gone a long way to making the process of
acquiring and repaying loans easier. Nowadays you can approach the bank or NBFC online and
do not need to make physical visits for enquiring about the loans, as all information is easily
available on the websites.
For More Details Visit Website : Eduvanz