We have various types of loan availability on the platform:
A) Indian Banks Various financial institutions in India work with Eduloans and are able to, create awareness to the next generation of customers provide services at there convenience. The centralized system reduces the processing time of the loan and Bank is able to provide timely feedback. They usually provide collateral based loan.
B) Non Banking Finance Corporation Eduloans works with leading NBFC who are authorized by RBI to provide Student loans. They undertake collateral and non-collateral loans both that may be beneficial to the student. They also can undertake to provide funds in foreign currency.
C) Foreign Banks Banks in home country of study offer student loans with valid co signors/guarantors in the region. Eduloan’s works very closely with banks and can look to provide you the loans from foreign banks that are very cost effective.
D) Investors We provide funds to the students by encouraging peer-to-peer lending on our platform. The automated underwriting system assigns the risk Vs return to the education loan. We generally also take small exposure in the loan to create equitable mortgage and reduce delinquency ratio.
E) University/Government Grants through Scholarships We work very closely with Universities and Government bodies, which provide scholarships to meritocratic or underprivileged students.
We request you to visit the “Get a Loan” section of Eduloans.co.in. Please go to the Get a Loan section wherein we would provide you options of types of loans and financial partners. You may look at one or many options together. You would be provided a login ID and would be able to fill up your particulars and upload necessary documents. Once uploaded your application will automatically be sent to our or our partners credit team for review
Its mandatory to receive confirmed admit from the college before applying for the Loan. The credit review team at EDULOANS or Financial Partners looks at the college admits before proceeding on the loan application.
If the GMAT/GRE field is compulsory, this means that your financial partner requires a GMAT/GRE (or a similar score) for validation of your proposal. Your status would show incomplete until you fill the required mandatory fields required by your financial institutions.
The form that you have filled can get saved and you can revisit your application at a later date. You would not be asked to change your application once the status shows complete or submitted to your financial institution. Ensure you press save as button when exiting the form.
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