>Facing financial crunch for higher studies? Opt for educational loans!
Posted by patilsuraj06 on January 4th Drew Brees Womens Jersey , 2017


If you are the one among those students who want to study higher but are facing financial crunch, then this is the time for you to go and apply for education loan.


These days, education loan is becoming quite popular because of increasing fee structure. It was in 1995 when the State Bank of India started this initiative. Later on, looking at its popularity Authentic Chauncey Gardner-Johnson Jersey , many banks started offering the same.


It wont be wrong to say that Education Loan For Study Abroad has come up as a blessing when fee structure has gone up enormously for higher education.


Recently, the RBI included education loan as part of the priority sector lending. This was a positive step. Meanwhile students should remember that it is just like any other commercial credit. Here, the banks have the discretion to chose whether to sanction the loans for students or not. The banks check the credit worthiness of students.


Eligibility for Education loan


Education Loan for Study Abroad are available to Indian nationals to pursue different approved courses leading to graduatepostgraduate degree and PG diplomas conducted by colleges. There are many professional and technical courses of repute which are considered for granting such loans. There are different loans which are also granted for courses in reputed foreign universities. Different expenses are also covered under education loan. They include fees payable, exam and library fees Authentic Erik McCoy Jersey , accommodation charges, reasonable expenses for books and equipment such as computer, etc.


Finance limit


The finance amount is Rs. 10 lakh for studying in India and Rs. 20 lakh for studying abroad. Banks can also lend high amount in special cases at their own discretion.


Security issues


There is no security up to Rs 4 lakh; however, parents should be a joint borrower in this case.


For the range falling in between Rs 4-7.5 lakhs Authentic Alvin Kamara Jersey , there has to be parents’ collateral security which comes in the form of third party guarantee


For the funds above Rs 7.5 lakhs, parents have to be joint borrowers. There should also be a tangible collateral security of the suitable value which is required.


The Moratorium period for repayment includes the coverall course period and a year or 6 months after getting job, whichever comes earlier


Margin money is nil for loan up to Rs. 4 lakh. However, it comes around 5 per cent and 15 per cent respectively for studying in India and abroad on loan above the ceiling of Rs. 4 lakh. At time when your loan amount is higher than Rs 20 lakh to study abroad Authentic Marshon Lattimore Jersey , the overall percentage is calculated within in a margin of the required amount and the bank sets a ratio in this case.


The loan tenure is 10 and 15 years for loan up to Rs 7.5 lakhs and above respectively.


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The Interactive Voice Response Solution enables the banking industry to make use of the latest technology and standard advancements so that the industry can deliver better customer loyalty. The IVR Solution improves customer services by means of personalized service, ease of use Authentic Tre'Quan Smith Jersey , measurable competitive benefits and proactive outreach.


The Interactive Voice Response Solution is tailored with the banking standards support that allows smooth call routing to the desired personnel or department. It enables the improved customer experience while driving the measurable performance and cost savings. There are a plethora of applications where the IVR System can be utilized in its best way:


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The IVR Solution can be utilized by a bank by enabling the callers to access several elements of information such as different branches of your bank, ATMs, bank鈥檚 working hours, etc. If you will consider the finance aspect Authentic Michael Thomas Jersey , you would be astonished to hear that to have a human agent can cost you many times more than an IVR Solution, to handle, understand and provide the information that a caller wants. You can enable your customers to use the IVR Solution to conveniently ed; IVR Solution can help the customers even in transferring the money, making a payment and requesting a statement.


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