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Education loan or Student loan is a category of loans given specifically to students who wish to pursue a course or a degree in their native country or abroad. Student loans can be both “Secured as well as Unsecured”. A Secured loan is the one where the lender offers loan against any collateral such as land, property or fixed deposits. Unsecured loans on the, other hand, are given without collateral. Such loans are given based on the creditworthiness of the borrower.
The rate of interest (ROI) charged on secured loans is around 8-10% per annum. The volume of loan depends on the value of the items shown by borrower as collateral. In case of unsecured loans, commercial banks can lend only up to Rs. 7 lakhs as unsecured loans whereas NBFCs can lend up to Rs. 65 lakhs. The ROI charged on unsecured loans range from 11-15%. Student Cover provides unsecured education loan to students and at most affordable prices. Some of Student Cover’s Education Loan schemes are as follows:
In order to provide the education loan to students and at most affordable rates, Student Cover has partnered with leading banks and NBFCs in India. Our broad network of partner institutions ensures that students not only get education loans at best possible rates but quick and hassle-free processing of loan applications. Some of our partner institutions are as follows:
Student Cover is your one-stop shop for education loans for higher studies abroad. We are committed to providing quality service to our clients and always strive to ensure that students are always “At Financial and Mental Peace with STUDENT COVER.” *Conditions Apply