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Student loan ready reckoner

November 19, 2008
Ever fancied having your son attend the Harvard Business School or one of the premier IIMs?

Or young lady, do you want to fly an aircraft?

Perhaps, you have the admission letter from your dream university but now if only you had enough cash...

If the obstacle is funds, an education loan is the simple answer.

The icing on this cake is that such education loans not only cover the cost of the tuition fees but also almost all the expenses involved in getting to your univerity, staying and more. You just need to get a set of documents ready and have a guarantor to set yourself on the road to academia.

Though most banks do provide educational loans, it is the public sector banks that are in the forefront in providing education loans.

In recent years, a large number of students, especially those pursuing professional courses in India and/or abroad, are making use of education loans.

Text:

Photograph: RAVEENDRAN/AFP/Getty Images

ApnaLoan.com is a guide to apply for an education loan in India. Apnaloan also enables consumers get best education loan rates by making banks compete for their loan.

Also see: A simple guide to financial planning
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