SEPOY.net
No Result
View All Result
Sunday, July 13, 2025
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home Economy

How to make your education loan application process quick and easy

Nicholas by Nicholas
January 7, 2023
in Economy
0
How to make your education loan application process quick and easy

To upskill and upgrade yourself has become  a necessity today. Despite the pandemic that disrupted lives across the planet, India’s demand for higher or professional education and education loans have seen a surge . It demonstrates how skill development remains a high priority for Indian students. Let us identify and elaborate on six steps that – when followed – can ease your education loan process by making it smoother.

1. Check your eligibility

Once you know the annual tuition fee, you can start your education loan application process by checking your eligibility. To do this, you must consult an education loan EMI calculator. You can use the one offered by IDFC FIRST Bank. 

2. Decide on a course and keep a few options in mind

Ensure you know what you want to study and its value in the industry. You must know the progression of the course, its duration, and its yearly fee. Furthermore, you must also have some other courses and their details in mind if you fail to get admitted to the university of your choice.

3. Decide on a country

If you wish to study abroad, you must have at least two countries in mind. You must start reading up on student VISA application procedures specific to these countries and work on valuable skills such as learning the country’s language if possible. Doing so can go a long way in helping you settle down in the country.

4. Keep the essential documents with you

An important step is to have all education loan-related documents with you. The documents may vary depending on the applicant type, such as for the student, co-applicants, and collateral documents. To apply for education loan with IDFC FIRST Bank, you must have the following documents ready:

  • KYC (Know Your Client) documents such as Aadhaar and voter’s ID card, etc.
  • Proof of address

Here is the detailed list of documents needed for an education loan.

For students

    • Photo ID proof
    • Proof of residence
    • Passport size photograph
    • Proof of admission
    • Fee structure document
    • A copy of the visa 
    • Academic documents
    • Salary slips for experienced students

Co-applicants

READ ALSO

OpenAI’s Acquisition of Jony Ive’s io: Implications and Vision

Blackstone Makes $11.5 Billion Bet on the Southwest Power Grid

    • Photo ID proof
    • Proof of residence
    • Passport size photograph
    • Income-related documents

Collateral Documents

    • Property documents
    • FD documents

5. Collateral

The question of collateral depends on you. Do you wish to pledge collateral for your education? If you do not want to do the same, you can avail yourself of a collateral-free education loan with IDFC FIRST Bank for up to ₹75 lakhs (Terms and Conditions apply). However, by securing your education loan with collateral, you can acquire loan amounts of up to ₹1 crore. 

6. Know the repayment cycle

Finally, you must be aware of every detail of your repayment cycle. You must know when the repayment cycle starts and ends and chalk out your own personal repayment plan, if possible, to avoid any financial troubles while repaying your loan. Consulting IDFC FIRST Bank’s education loan EMI calculator can also help you greatly.

Start today with the six steps mentioned above to go about your education loan procedure – from application to repayment – and reduce stress.


You may be interested in: 8 Things to Understand About Taking Out Secured Personal Loans

Related Posts

OpenAI’s Acquisition of Jony Ive’s io: Implications and Vision
Economy

OpenAI’s Acquisition of Jony Ive’s io: Implications and Vision

May 24, 2025
Blackstone Makes .5 Billion Bet on the Southwest Power Grid
Economy

Blackstone Makes $11.5 Billion Bet on the Southwest Power Grid

May 20, 2025
First Easing of The 2025 US-China Trade War
Economy

First Easing of The 2025 US-China Trade War

May 12, 2025
Warren Buffett Plans to Retire This Year
Economy

Warren Buffett Plans to Retire This Year

May 4, 2025
Semiconductors and Pharma Face Pressure: Trump’s Latest Tariff Focus
Economy

Semiconductors and Pharma Face Pressure: Trump’s Latest Tariff Focus

April 14, 2025
US Pulls Back Tariffs on Phones, Laptops, and Other Electronics
Economy

US Pulls Back Tariffs on Phones, Laptops, and Other Electronics

April 13, 2025
Next Post
In overcrowded rubber boats: 110 boat migrants rescued in the Mediterranean

In overcrowded rubber boats: 110 boat migrants rescued in the Mediterranean

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: hello@sepoy.net

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • Automaty do odwiedzenia gry w Prawdziwe Pieniądzę Najpozytywniejsze Kasyna Sieciowy
  • Have fun with the like master and mostbet bonuses you may Victory Larger from the Fruity Casinos!
  • Maquina tragaperras aloha cluster pays Slots que deben mayúsculos premios una vez cada reverso

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net