Education Loan in Ghaziabad

For Studies in India

For Foreign Studies

For Studies in India

NOTE- To check the latest interest rate of all the banks click here

For Foreign studies

NOTE- To check the latest interest rate of all the banks click here

For Studies In India

NOTE- To check the latest interest rate of all the banks click here

For Foreign Studies

NOTE- To check the latest interest rate of all the banks click here

• Age Limit: Applicants should be within a certain age range (e.g., 18 to 35 years) at the time of loan application
• Academic Background: Students must have a consistent academic record and meet the minimum educational qualifications required by the chosen course or university.
• Admission Confirmation: Proof of admission into a recognized educational institution in India or abroad is necessary for loan approval.
• Indian Citizenship: Applicants should be Indian citizens or have the necessary residency status.
• Credit History: A good credit history of the co-applicant can positively influence the loan approval chances.
• Course and University Selection: The chosen course and university should be recognized and accredited by relevant authorities.
• Loan Documentation: Applicants must provide all the necessary documents as per the lender's requirements. The list of documents will be provided to you once you start your education loan application with WeMakeScholars.

• Expenses Covered: Education loans typically encompass various essential expenditures, including tuition fees, examination costs, hostel expenses, expenditures for study materials and books, and in certain cases, even living costs such as accommodation and meals.
• Grace/Moratorium Period: One notable advantage of education loans is the provision of a grace period. This period, typically lasting between 6 to 12 months after the student completes their course of study, allows borrowers to postpone loan repayments. Once the grace period concludes, borrowers are expected to commence repaying the loan, often through affordable installments.
• Loan Margin: Lenders generally require borrowers to contribute a certain percentage, generally between 0% to 25% of the total loan amount from their personal funds. This contribution is known as the loan margin. By implementing a loan margin, lenders can mitigate their risk and ensure that borrowers have a vested interest in the successful repayment of the loan.
• Collateral Margin: In certain cases, education loans may necessitate collateral as security for the loan. The collateral margin represents the percentage of the loan amount that is secured by the pledged asset. By offering collateral, such as property or other valuable assets, borrowers provide an added layer of assurance to the lender.

• Course or Tuition Fees Coverage: The education loan encompasses the essential course or tuition fees, whether paid upfront, in installments, or includes admission fees required to secure a place in the desired educational program, which may vary among different institutions.
• Hostel or Accommodation Expenses: Financial support provided by the loan extends to cover hostel or accommodation fees, ensuring that students have a suitable place to reside during their academic pursuits.
• Cost of Stationery and Books: The loan includes provisions for necessary stationery and books essential for the academic curriculum.
• Traveling Costs (Including Airfare for Abroad Studies): For students pursuing education overseas, the loan takes care of traveling expenses, including air tickets.
• Mess and Food Expenses: The loan covers mess and food expenses, ensuring students have access to proper nutrition throughout their educational journey.
• Cost of Uniform, Projects, and Thesis Work: The loan offers financial assistance for expenses related to uniforms, academic projects, and thesis work.
• Laptop or Computer Funding: The Education Loan provides support for purchasing laptops or computers, facilitating efficient learning and research.
• Other Course-Related Expenses: The Education Loan provides additional support to cover other necessary expenses directly associated with the chosen course of study.

• Residential Property: Owning an apartment, house, or plot enables you to leverage it as collateral for your education loan. However, it is vital to ensure that the property possesses clear titles and is devoid of any legal disputes, ensuring a seamless process.
• Commercial Property: Just like residential properties, commercial properties present viable options for collateral. To utilize a commercial property as collateral, you must establish irrefutable ownership and comply with all legal requisites.
• Fixed Deposits (FDs): For those who have invested in fixed deposits with banks, these can be pledged as collateral for education loans. Typically, the loan amount sanctioned is a certain percentage of the complete value of the fixed deposit, providing you with financial flexibility.
• Life Insurance Policies: The surrender value of life insurance policies can be a valuable asset to secure an education loan. Lenders usually offer a loan amount based on a percentage of the policy's value, ensuring you receive the necessary financial support.
• Government Bonds: Government bonds, such as National Savings Bonds or other government-backed securities, are also accepted as collateral for education loans. By utilizing these bonds, you can confidently pursue your academic dreams.
• Land or Agricultural Property: Possessing land or agricultural property allows you to use them as collateral for education loans, provided they meet the lender's requirements and are free from any legal encumbrances. These assets offer additional avenues for securing your educational funding.

• I.T.S Dental College, Ghaziabad
• Institute of Management Technology - [IMT], Ghaziabad
• INMANTEC Institutions, Ghaziabad
• CHM Institute of Hotel and Business Management, Ghaziabad
• Institute of Management Studies - [IMS], Ghaziabad
• KIET Group of Institutions - [KIET], Ghaziabad
• Jaipuria School of Business - [JSB], Ghaziabad
• ABES Engineering College, Ghaziabad

• Specialization and Experience: At WeMakeScholars, education loans are our expertise. Our experienced team is well-versed in the loan application process, and they possess in-depth knowledge of various study destinations, courses, and financial requirements. With personalized assistance, we guide students every step of the way.
• Wide Network of Lenders: Our extensive network includes more than 14 partnered banks and financial institutions, both public and private. This broad range of lenders allows students to compare multiple loan options, ensuring they find the best fit for their needs, with competitive interest rates and favorable terms.
• Seamless Application Process: WeMakeScholars believes in simplifying the education loan application process. Through our user-friendly online platform, students can easily complete their applications, saving valuable time and effort.
• Transparent and Timely Support: Transparency is our priority throughout the loan process. We provide clear and comprehensive information on interest rates, repayment terms, and any associated fees. Additionally, our dedicated support team is always available to promptly address any queries, ensuring a hassle-free experience.
• No Service Charges: Our commitment to student-friendly loan services means we do not charge any service fees to students. Being funded and supported by the Ministry of IT, Government of India, enables us to offer an affordable and accessible loan process.
• Tax Benefits Guidance: We understand the importance of tax benefits related to education loans, such as those under sections 80E and 80C. Our guidance on tax deductions can help ease the financial burden for students and their families.
• Cashback Incentives: As an added financial benefit, WeMakeScholars offers Rs 3000 cashback incentives on education loans, making the loan process even more rewarding for our borrowers.