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Invest in Your Future! Go for An Education Loan

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Do you know what is the biggest investment that you can make in your life? It is education! Education opens many doors and also gives you scores of opportunities to better your life. Don’t let lack of money keep you from pursuing your dream of higher education. Apply for an education loan!


What is education loan?

Education loan is a loan provided by financial institutions tailored for the specific needs of students who want to pursue higher education. This loan is provided for studying bachelor’s, master’s, doctorate and vocational programs. Students who have availed this loan facility have the freedom to start repaying the loan with interest 6 months or 1 year after completion of course. The main purpose of giving this loan is to encourage students to go for higher education.


What are the types of education loans?

The different types of loans are:

  • Study abroad loan
  • Study India loan
  • Executive Education Loan
  • Nitstone Education Loan

Talk to the financial consultant to find out the details of the student loan before you apply for one.


What is the eligibility criteria for student loan?

The eligibility criteria for loan usually depends on the financial institution. However, the common rules that most institutes across the country follow are:


Eligibility for student

  • Should be a citizen of India
  • Should be aged 18 years or above
  • Should have confirmed admission in an educational institute

Eligibility for co-borrower

  • Should be a citizen of India
  • Should have a bank account in India and have cheque writing facility

Eligibility for course

Not all courses are eligible for the loan. If you are planning to pursue a particular course and want to avail loan for it, you should first check if falls under the approved courses categories. However, most lenders offer loans for courses offered by colleges or universities approved by the UGC, government, and IMC. If you are planning to take up a vocational course, executive program or a course abroad, do talk to the financial institution first.


Do you want to pursue higher education and want to know if you are eligible for a student loan? You can contact us at Nitstone Finserve to find out if you meet the eligibility criteria and the best education loan for your needs. Contact us right away

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