The education loan segment has seen tremendous developments and has created a gateway for many students to fulfill their aspirations. The present rate of economic growth of the country demands technically and professionally trained man power in large numbers. In this backdrop, study loans are seen as investments for economic development and prosperity. At Study For India , we help the students to get the Education Loan, we have certain banks and financial companies tied up, which help the process of bank loan easier and fast. We try out best to make the entire loan process simple and hassle free. We understand how important a role finances play in student lives, especially when it comes to pursue MBA/PGDM etc. Now students do not have to worry about the Education Loan, we are here to guide the students in every process.
Quality education is a must for a complete and successful life. For many, it is equivalent to graduating from a top institution. The cost of education is, however, increasing rapidly. In fact, the cost of studying at reputed institutions is already quite high.
Keeping this in mind, parents, who want to provide their children with the best possible education, invest their money in mutual funds (MFs), fixed deposits (FDs), unit-linked insurance plans (ULIPs), etc., for the long term.
But despite all this, one may still encounter shortage of funds. An education loan, therefore, plays a vital role in such a scenario by helping to bridge the gap between the shortfall and the required amount.
According to studies, the cost of education is increasing at an average of 15% per annum. The tentative cost of an MBA is up from Rs 2.5 lakh to Rs 20 lakh in 15 years. So if a couple starts saving Rs 2,000 per month for 15 years, at an average rate of 12%, they will be able to save approximately 9.5 Lakh.
We are tied up with certain banks and collages