Yes, a student loan can help you get started on a great academic career without having to dig into your hard-earned savings. You also collect tax benefits and build a strong credit history to show off to the top education loan providers in India. A good credit score helps the borrower avail a student loan easily at a low-interest rate.
All of these advantages make it a worthwhile and reasonable investment for your bright future. There are some challenges to taking a loan for education but if you follow certain guidelines laid out by the lenders it’s not that difficult to avail a student loan before you start college. So, before you apply for student loan in India, it is smart and very much important to be aware of these education loan challenges so that you can take proper steps and ensure a pleasant borrowing experience.
In general, unsecured loans have higher interest rates than secured loans. Education loans are commonly sanctioned at moderate interest rates for applicants who can provide collateral or a strong co-borrower’s profile in the application. If you have decided to study science or commerce, arts or medicine, engineering or any other course, you can rely on Varthana Student Loan.
But first, let’s go over these simple steps to know how to secure the best student loan in India:
Do proper research
Both secured and unsecured loans for education can be availed, but make sure you do proper research and choose the one that best fits your current financial situation.
Check the eligibility of courses and colleges
Ensure the status of your college with the financing institution before filling out an application form. Lenders now recognise a variety of universities, making it easier for applicants to obtain a student loan regardless of where they study.
High risk means high rates
The job market is uncertain, and the repayment of high-risk loans is often dependent on whether or not a student can get a well-paying job after college. Students may see higher interest rates as a result of this. That’s why you must compare multiple loan offers before deciding on a lender. If you choose Varthana, we will offer you lucrative easy repayment options with tenures longer than the course duration.
Know your requirement
Taking out a student loan for an Indian college is cheaper if you know what you want to do with the fund. Do you only need it to cover tuition fees, housing costs, food expenses, transportation costs, and study supplies, or do you want it to cover the entire cost of higher education? Check your requirements and apply for student loan accordingly. Varthana student loan is a spark of hope for students who want to study at prestigious institutions but need help paying for their education.
Varthana brings you Tailored Education Loans for higher studies in India. This loan will put you one step ahead of the competition and will help you get one step closer to your dream job. We are India’s fastest-growing student loan company. With Varthana Student Loan, you can enjoy a list of benefits such as simple documentation, quick loan disbursal, flexible repayment tenure, complete digital process etc. Know more about the features and benefits of Student Loan in India, below.
Varthana is honest, understands your career goals, your needs and offers simple costomised loans tailored to your requirements. You can avail a loan amount of up to Rs. 5 lakh, as well as fast-track approval and easy repayment options. But you must disclose the name of the institute where you have been accepted and the loan amount will be directly paid to the institution. Our student loan in India covers the total tuition fees as well as some of the additional costs.
We don’t want you to let financial constraints hold you back from enrolling in your dream institute. Let us take charge of your finances, including housing costs, exam and library fees, books and equipment (including a computer), travel expenses, and so on, while you focus on your studies.
Varthana is driven to help you with financial aid to make your journey as smooth as possible. We also have a team of the best relationship managers to answer all your queries. They can help you with the entire loan process and guide you through the task so that you get hassle-free financing at the most convenient possible rates.