Study Abroad Education Loan
Various companies offer quick, convenient, and tailor-made loan products delivered to your doorstep. You can apply even before admission confirmation and avail loans at competitive rates!
Affordable loans from 10+ banking partners
Get The Best Education Loan
A customised education loan from YES Germany Finance offers:
- Ease of application: Online Service
- Competitive rate of interest
- Attractive tax benefits
Up to 100% finance covering tuition fee & living costs - Unsecured loan up to INR 75 lakhs
- Easy EMIs with repayment tenure up to 15 years
- No margin money
- Loan sanction even before admission confirmation
- Co-borrower flexibility
- No hidden charges
- Quick and hassle-free process
Our most common funding-related questions and answers.
FAQ
Some of the common ways of funding higher education is through using family savings, borrowing from friends and relatives, selling assets like land, gold etc or taking an education loan . Earlier, it was believed that only people from the middle- income group choose to fund their education through student/education loans. With benefits of an education loan coming to the fore and specialists like HDFC Credila offering doorstep service, many affluent families are also opting for an education loan and availing of exclusive benefits like:
- Income Tax benefits under section 80E of IT Act
- Opportunity for students to take their own financial responsibilities
- Preserving their family savings
- Building a good credit history
Hence, education loans have clear advantages over using personal finance
Usually, middle-income group people apply for education loans. However, because of:
- Rapidly rising costs of education
- Income tax benefit under 80 E of IT act
- Students wanting to take their own financial responsibilities to preserve the parents savings
- build positive credit history
Even affluent families are going for education loan
With such a young population and one of the largest pool of students coupled with rising cost of education is only fueling the demand of education loans in India
Yes, they should avail loan even if they have money. The reasons are explained in earlier questions
YES Germany Education Pvt. Ltd.
As the days pass by Germany is increasingly becoming the go-to dream destination for students aspiring to pursue their higher education abroad.
