Education Loan in Nashik

In Nashik, students have numerous educational opportunities. To make these opportunities real, there are various education loan providers. They help students who want to study in India or abroad. These loans are made to fit each person's needs, looking at different things during the application process.

One important thing about these loans is the interest rates. They range from 8.5% to 13%. This depends on what you're studying and where you're going to study. This range helps you pick what suits your money situation.

These loans come from different kinds of banks, both public and private. There are also some other financial companies like Non Banking Financial Corporations (NBFCs) that give these loans. With many choices, you can find what works best for you. This gives you more confidence as you start your higher education journey.

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 bracket: Prospective education loan applicants in Nashik should meet specific age requirements. Generally, individuals aged between 18 and 35 years are eligible to apply for an education loan. 
• Academic Proficiency: To secure an education loan, students are expected to demonstrate a consistent academic track record. Meeting the minimum educational qualifications specified by the selected course or university is essential. This prerequisite ensures that the borrower is well-prepared for the academic challenges ahead.
• Confirmation of Admission: A pivotal criteria for loan approval is proof of admission to a recognized educational institution. It serves as evidence of the student's genuine intent to pursue higher studies, strengthening their application for financial assistance.
• Citizenship Requirement: Education loans in Nashik are extended exclusively to Indian citizens or individuals who possess valid residency proof. This ensures that the loan facilities are accessible to those who are eligible.
• Co-Applicant's Credit History: The credit history of the co-applicant plays a significant role in influencing the loan application's success. A positive credit score highlights the co-applicant's financial reliability, which, in turn, positively impacts the overall loan application.
• Course and University Accreditation: It's imperative for applicants to select courses and universities that hold recognition and accreditation from relevant authorities. This step guarantees the credibility and quality of the educational pursuit of applicants.
• Thorough Documentation: As is the norm with any loan application, the submission of requisite documents is crucial. WeMakeScholars ensures that applicants receive a comprehensive list of necessary documents to meet the lender's criteria. This helps students to streamline the education loan application process.

• Principal Amount: The principal amount is what you need to pay back, along with the added interest, within the set loan time.
• Interest Rates: The interest rates, decided by the lender, can be fixed or changed. These rates show how much borrowing the loan costs. They're based on how much money you haven't paid back yet, and they affect the total amount you repay.
• Moratorium Period: After you finish studying, there's usually a waiting time (6 months to a year). During this time, you don't need to pay back the loan. Just remember, there might be interest during this time, depending on your loan rules.
• Secured Loan: Sometimes, lenders ask for something valuable as safety (like a land or property). This is in case you can't pay back the loan. If you can't, they might take that safety thing.
• Co-applicants: When you're asking for a loan, someone like your parent or guardian can help. They also share the loan repayment job and make the lender feel better about giving you the money.
• Equated Monthly Installment (EMI):  Every time it's time to pay, you give a fixed amount. This amount covers both the main loan money and some extra (called interest). This makes paying back simpler.
• Processing Fee: When you ask for a loan, the lender might ask for money to process your request. This is a one-time fee and changes with different lenders.
• Credit Rating/CIBIL Score: Your loan approval sometimes depends on how good you are with money, shown in a number (300 to 900). Bigger numbers are better because they show you're good at paying back loans. This might even help you get lower interest rates.
• Margin Money: Sometimes, the lender might say you need to give some of your own money (0% to 20% of the whole course cost). The rest comes from the loan. This is your promise to pay, and it keeps the lender safe.
• Collateral Margin: In certain cases, a collateral margin may be imposed ranging from 0% to 25%. This indicates the percentage of the loan amount that is secured by the collateral pledged. 

1. Panchavati College Of Management & Computer Science - [PCMCS], Nashik
2. Symbiosis Institute of Operations Management - [SIOM], Nashik
3. Ashoka Business School - [ABS], Nashik
4. Sandip Institute of Technology and Research Center - [SITRC], Nashik
5. K. K. Wagh Agriculture and Agriculture Allied Colleges, Nashik
6. Sir Visvesvaraya Institute Of Technology - [SVIT] Chincholi, Nashik
7. MVPS's Karmaveer Adv. Baburao Ganpatrao Thakare College of Engineering, Nashik
8. MET's Institute of Management, Nashik

• Initiate Your Application: To initiate your education loan journey, begin by completing the Common Education Loan application form offered by WeMakeScholars' financial officers.
• Financial Officer Assessment: Once your application is submitted, one of our financial officers will reach out to you. They will evaluate your eligibility for the education loan through a series of relevant questions.
• Connecting with Lenders: Upon confirming your eligibility, your financial officer will guide you in establishing connections with suitable lenders. A secure link will be provided for the seamless upload of all the required documents, streamlining the process.
• Effortless Document Submission: Make use of the secure link to effortlessly submit all the necessary documents, simplifying the entire process and removing any unnecessary complexities.
• Lender-Guided Application: The lender you are connected with will oversee the application procedure. Throughout this process, your assigned financial officers will be available to address any queries or concerns you might have.
• Timely Sanction Letter: Expect to receive your sanction letter within the specified timeframe, as communicated by your financial officers, ensuring that the process moves forward promptly.

• Our Specialized Expertise: With an experienced team of Financial Officers, we bring the best possible education loan to you. We are well-versed in various study destinations, course options, and estimating your financial requirements.
• Diverse Lender Network: With an extensive affiliation with over 14 banks, encompassing both private and government-owned banks, we offer you a diverse range of education loan options. This variety empowers you to compare and select the loan that perfectly aligns with your needs, considering factors like repayment terms and interest rates.
• Effortless Application Journey: Our priority is to simplify your education loan application process. Embracing a user-friendly online platform, we ensure a streamlined application experience, allowing you to save precious time and energy.
• Transparent Support: We prioritize transparency and clarity throughout your education loan journey. Clear explanations regarding interest rates, additional fees, and repayment terms are at the forefront of our service. If you have any doubt, our Financial Officers are readily available to provide prompt assistance, ensuring a seamless experience.
• No Hidden Fees: WeMakeScholars doesn’t charge any extra charges for our services. Being Supported by the Ministry of IT, Government of India, empowers us to make the loan process more accessible and affordable for you.
• Guidance on Tax Benefits: We recognize the complexity of taxes and their impact on your financial planning. Our financial officers will ensure you comprehend how education loans can offer tax benefits under sections 80E and 80C.
• Exclusive Cashback: We extend a special offering of Rs 3000 cashback upon availing of an education loan through WeMakeScholars. This added financial incentive enhances your loan experience, making it more rewarding.