Education Loan - Career Queries

Today education is one of the primary rather say safest path to ensure a bright future of their children. To meet the expenses of the dream career of their children education loan has been like a boon which lessens the burden of parents to pay fees of the institute instead they take a loan from a bank for the period of time of course and the student himself pays the loan back after completion of the course.
That’s why education is considered to be an investment because in the end it’s your education that is going to pay you back.

Hello, thanks for writing to us counsellors. Having interest in Biology alone will not help you [to lead a career in science stream][1]. Biology too includes Chemistry and you will realise this later when you go into degree level. For example, when you study body reactions, you will have to study more on chemistry, bio chemistry and bio-organic chemistry. So discarding chemistry will not help you to get into a Science career in future. Even for Biology sake, if you choose to study Nutrition and Dietics course at BA/ BSc level, it does bring in some amount of chemistry into this degree. So I wo

2 answers Dr. Anand Wadadekar, PhD in Education Loan category

My dear Student, It is a fact that no study goes waste.Education has no limit and no age bar.You should not go against your interest.You should take Science subjects.I happy to note that you have a goal to fulfill your interest.After completion of  graduation in any stream you should appear for competitive exam and take admission in Law College in Pvt.or in Govt.College under University.You will be on track and do well with all sincerity.Also interact with students,faculty of Law College,advocates to get best of guidance and advice. Best wishes. 

6 answers T K Home in Education Loan category

Dear Mohit, Thanks for writing to! I am sure that responses from other career experts have been helpful to you. I am sharing my perspective on your query that may be helpful for taking informed decision. To be straight  forward, I am providing you the immediate career path and key information about marine biology. 1. Career Path Eligibility to become a Marine Biologist is Bachelor of Science. However, most preferred is a Masters degree in Marine biology. For research and university teaching positions, PhD in Marine biology is required. After 10, you need to take PCB or P

3 answers Apurva Kumar Pandya, PhD in Education Loan category

hello After 10th the courses available in any stream are not so good.If you complete 12th and then look for courses is a good idea. Click here --> Take Stream Suggestor to Know Right Streams But you can go for various olympiads and scholarship exams that will help you in your further education. For example if you are a single girl child then you can go for UDAAN Scholarship that is conducted by CBSE which helps girl students with there Engineering education. If you want to move outside India for education you can go and prepare for Scholastic Aptitude Test, IELTS and TOEFL.You can also give

3 answers Dr. Manasvee Dubey in Education Loan category

Dear Aspirant, Choosing a subject should always depend on your capability, skills acquired and acumen. If one chooses on the basis of these aspects, then I am sure that you can be successful. 10th standard level is an important level and [choosing the right stream is important][1] and critical. Choosing a stream should primarily be dependent on the subjects you like the most in your 10th std. To be best sure of what suits you for your career, I would suggest you to undergo a [Psychometric Career Assessment][2] test from CareerGuide which will help you understand yourself in respect of your

3 answers Renu in Education Loan category


3 answers in Education Loan category

Dear Aspirant, Just to add, some banks ask to pay interest right from day one after giving loan. Education Loan industry has not been very good in India and banks are very cautious in giving the loan and therefore the eligibility terms as given by Surabhi are strictly followed and a  guarantor is always demanded by the banks. Best wishes

2 answers Dr. Anand Wadadekar, PhD in Education Loan category

Hello Siddhi, There are certain things that one must keep ready in order to make sure that the person gets loan as soon as possible. Ensure that  you have secured confirmed admission Estimate the amount of loan required for the full course as banks have different rates of interests for different slabs of loan amount. Usually guarantors are required for sanctioning of loans so that if the applicant fails to pay the loan the same can be paid by the gurantor. should have regular source of income to the extent that they are able to repay the loan in case of need/unforeseen circumstances Guar

2 answers Surabhi Dewra in Education Loan category

Hi Pratyakshi, Maximum amount of loan : Rs. 20.00 Lacs.  Upto Rs. 4.00 lacs :- NIL Above Rs. 4.00 lacs :- 15% Suppose you want to take A loan of 3 lahs then you have to give your own 45, 000 an rest bank will give. This is what margin means. Student Eligibility : Should be an Indian National. Secured admission to Professional/Technical Courses at foreign Universities/Institutions.   Coverage of expenses (for overseas studies) : Admission/Tuition fees to College/University. Hostel/Mess charges. Examination/Library/Laboratory fee. Purchase of books/equipments/instruments

2 answers Surabhi Dewra in Education Loan category

Hello Pawan, Banks may consider top up loans to students pursuing further studies within the overall eligibility limit, with appropriate re-schedulement, subject to taking required security. Banks may give loans for further studies to students already having a loan on the basis of collateral security. Depending on the job prospective after the student will complete the course. Depending on the past academic record of the student.

1 answer Surabhi Dewra in Education Loan category

HDFC Bank offers Education Loan through its fully owned subsidiary CREDILA.

2 answers Dr. Anand Wadadekar, PhD in Education Loan category

Dear Aspirant,This policy is taken  This policy is taken by banks so that in case of unexpected death of the loan taker (student), the money can be recovered through the life insurance amount. This is a very good policy of all the major banks giving education loan so that the dependants are not bothered to repay the education loan taken which may be in lakhs. Best wishes

2 answers Dr. Anand Wadadekar, PhD in Education Loan category

Hi Gourav If its less than 4 lakhs an da guarantor  Students Docs: a) 10th,12th,Graduation,mark-sheet and all passing certificate. b) selection letter and fees Structure. c) 2 Passport size photographs. d) any govt photo id/pan card/voting card/driving license e) passport(must for study in abroad) f) Identity proof with signature. g) Experience proof (if working). Co-borrower Docs (Salaried employee): a) last 8 months bank statement required of salary account b) last 3 months salary slip c) last 3 yrs form 16, ITR d) pan card e) Residential proof(electricity bill,voter id,passpo

1 answer Surabhi Dewra in Education Loan category

Dear Aspirant, Banks directly give to the Institute through which you are doing the course. Therefore they require Admission Confirmation Letter from the concerned Institute. This is a full proof method to avoid money laundering and frauds. Best wishes

2 answers Dr. Anand Wadadekar, PhD in Education Loan category

Hi Sahil, These benefits help you to reduce the overall cost of your education loan. The deduction under section 80E is available to an individual if following conditions are satisfied: Deduction available only to Individual not to HUF or other type of Assessee. Deduction amount: – The amount of interest paid is eligible for deduction and moreover there is no cap on the amount to be deducted. You can deduct the entire interest amount from your taxable income. However there is no benefit available on the repayment of principal amount of t

3 answers Surabhi Dewra in Education Loan category