Studying abroad is a significant investment, with universities worldwide raising tuition fees, along with additional costs for accommodation, living expenses, books, and stationery. While studying abroad is valuable, the decision to pursue it and manage the costs of education can be quite challenging. Education loans, which may have interest rates as low as 5.29%, can help alleviate this burden. The rate can vary depending on the type of loan you choose, with some options offering significantly lower fees.
The Education Loan will be provided to students pursuing various career-oriented courses at either the graduate or post-graduate level. To be eligible, students must have obtained at least 50% marks in both their 10th and 12th standards, hold a certificate from school, and have proficiency in both spoken and written English. Banks will assess the student's ability to successfully complete the course and secure a good job before approving the loan.
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