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Aravali EduGlobe has tie-ups with multiple banks for smooth and easy education loans.
An education loan, also known as a student loan, is a sum of money borrowed to fund higher education expenses, both in India and abroad. These loans help students cover costs like tuition fees, accommodation, books, and other related expenses. Repayment usually begins after a moratorium period (a grace period after course completion) and can be structured over a flexible period, often up to 10-15 years.
What is the eligibility for education loan?
To be eligible for an education loan, you generally need to be an Indian citizen, be between 16 and 35 years old, and have secured admission to a recognized educational institution in India or abroad. You'll also need a co-applicant with a stable income, like a parent or guardian. A strong academic record and the ability to provide necessary documentation, including proof of admission and income, are also important.