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Education Loans for Students in India, How To Get Right Study Loan, Recruitment, Result, Application Form, Admit Card, students loans.#Students #loans


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Education Loans for Students in India | How To Get Right Study Loan

Education Loans for Students in India

An Education Loans for Students in India can be a saving grace for needy but eligible students to accomplish higher education in reputed professional institutes or Universities. Student loans commonly called as Education loans or higher education loans which are financial relieves to students provided by the Private financial institutions, Banks and Government organization. The process of getting education loan is simple but you need to know How to Get Right Study Loan for your intelligent and desiring wards.

Educational costs for higher studies have augmented to such an amount in the last couple of years that it has become hard for the middle class as well as upper middle class to borne the educational expenses by their own. Thus student’s loans come in useful way for people with financial restraints to a large amount.

Students loans

Many of public sector/ nationalized banks like State Bank of India and private sector banks like ICICI and HDFC etc. recommend educational loans for students to learn in India and abroad with changeable stipulations. Students can move toward these banks with some initial information about the schemes and hit the right deal for them.

Here on this page of recruitmentresult.com, we have provided much information in concern to educational loan for students in India such as the list of interest charged by banks, documents required, eligibility, hurdles, expenses considered by bank etc. So it is advised to read complete details given in the underneath section of this page before applying for student loan.

Education Loans for Students in India

  • Must be a citizen of India.
  • Age Limit varies with different Banks.
  • Your course and University should be eligible for Loan.
  • If loan amount is above Rs 4 Lakh, then you will need a guarantor.
  • No outstanding education loan from any other association.
  • Marks scored in 10+2 must be above 60% for general category and 50% for SC / ST / OBC category.
  • Branch nearest to student’s residential permanent address.

Obstacles faced by students while pertaining for education loan:

  • Increasing cost of education will indirectly relate to limitations on maximum loan amount. In some cases, tuition fees incurred for pursuing higher education abroad is minimum Rs 25 lakhs, while the maximum loan available is Rs 20 lakhs only.
  • Education loan is made accessible in specific branches only. Hence the applicant may not be able to acquire the loan from branches outside of home town.
  • If you want to get loan for studies in abroad then you have to arrange minimum margin amount for education loan for abroad that is 15 percent charged by bank.
  • Deadly documentation and troublesome education loan process.

Expenses covered under Education Loan:

  • Admission as well as Examination Fees payable at college/ school/ hostel
  • Examination /Library/ Laboratory fee
  • Acquisition of books equipment’s/ instruments/ uniforms
  • Prudence deposit/ building fund/reimbursed deposit maintained by Institution bills/receipts
  • Travel expenses/ passage money for studies in abroad (loan for two wheeler up to Rs.50,000/- could be granted by bank if distance of school and hostel is considerably long)
  • Purchase of computers essential for completion of the course
  • Insurance cover for the student

Documents Required for Application:

  • Driving license
  • Passport
  • Pan card
  • Voter s identity card
  • A signed verification letter from a recognized public authority or public servant for your identity and residence.
  • Aadhar card
  • Passport
  • Bank account statement
  • Ration card
  • Aadhar card
  • Voter’s ID card
  • Telephone bill/ water bill/ electricity bill
  • Allotment letter issued by a government department
  • The banker’s signature verification
  • Driving license
  • PAN card
  • Passport copy

Banks offering Education Loans for Students in India:

Here are some list of Private Sector banks, Public Sector Banks as well as Foreign Banks in India which provides Education loan to students according to their ease.


Loan Agreement Letter – Free Sample Letters, loan agreement sample.#Loan #agreement #sample


Free Sample Letters

Loan Agreement Letter

Loan Agreement Letter is added here for your help. Loan agreement is legal agreement that is mostly prepared between lender and Brower before giving loan. Every business organizations, companies and banks used this agreement as a proof of the loan payment. This letter is a letter that is sent by the lender to the owner of the company for getting permission of the loan for their personal use. The reason of getting this loan will be written in this letter and all the other necessary terms and condition also mention in this letter. This letter is used for sending request to owner of the company. If you are looking for well prepared and well formatted loan agreement letter template so we welcome you to our website. We offer you our prepared and drafted loan agreement template that is prepared for your comfort. Using our template you can make your letter more beautiful and attractive. Our provided template is prepared in a professional way. Underneath you see the nice and well prepared picture of our designed loan agreement letter template. Making and changing in this template is so easy because this template has been created in MS Word. Find below we inserted a download button with a quick download link.

Elegantly prepared sample loan agreement letter will definitely help you a lot to write impeccable loan agreement letter. Taking a loan is a common way used by companies and individual persons to fulfill personal or business related financial needs. A loan transaction always should be in writing and loan agreement letter allows you to do so. Loan agreement letter provide detailed information, terms and conditions about relationship between a lender and borrower. The letter may include standard details about both parties, amount of loan, duration, interest rate, payment schedule and other concerned details etc. Whether you are entering into a loan agreement as a lender or borrower, you have to write down the transaction in writing with help of loan agreement letter. Download a sample loan agreement letter from web and save your time when writing a loan agreement letter.

Download Sample Loan Agreement Letter:

Loan agreement sample

Loan agreement sample

Letters are very much important for all types of communication and everybody must have the skill of writing it in their native language. Communications through letters is not only more comfortable to understand but also more effective in results. Letters should always be very much concise and to-the-point in its content. This will save the time of the reader and they will be more likely to react to it. You must tripple check the spellings and grammer mistakes before finalizing it . You should also keep in mind proper format for the letter type. Do remember that these sample letters are provided here for the purpose of reference and guidance only and you can change it as per your wish and need. We don t encourage you to use these letters as it is. Instead you should get a feeling of letter from these samples and try to write by your own.


Bank of Baroda – Form Download, bank of baroda home loan.#Bank #of #baroda #home #loan


Bank of Baroda – India’s International Bank. UK Operations

Form Download and T & C

  • General Terms Conditions (390kb)
  • Individual Deposit Accounts (128Kb)
    • Annexure Form – For additional applicants (Individual Accounts) (98Kb)
    • Fixed Deposit Instruction Form (108Kb)
    • Certification Guidance (190kb)
    • FSCS Information Sheet (46kb)
    • FSCS Exclusion List (107kb)
    • BOB-Tax-status-declaration-for individual (80kb)
  • Business / Company Accounts (235Kb)
    • Terms Conditions (390kb)
    • Certification Guidance (190kb)
    • BOB-Tax-status-declaration-form-entity-guidance-notes (420kb)
  • Unincorporated Society,Club, Association,Trust A/c Opening (166Kb)
    • Terms Conditions (390kb)
    • Certification Guidance (190kb)
  • FSCS Information Sheet (69.47Kb)
  • FSCS Exclusion List (104.50Kb)
  • Remittances (254Kb)
  • Click Funds2India-Registration Form (101Kb)
  • Click Funds2India-Telecommunication Mandate (23Kb)
  • Debit Card with Terms Conditions (2.44Mb)
  • Personal Loan (862Kb)
  • Transaction Based Internet Banking forms
    • Application form for Internet Banking (for Individuals) (491Kb)
    • Application form for Internet banking (for Corporate) (1,656Kb)
    • Company resolution (1,202kb)
    • Internet Banking form for Mobile No and Email ID Updation (104Kb)
    • Request for generation of new password (227kb)
    • Terms and conditions Retail (227kb)
    • Terms and conditions Corporate (227kb)
  • SMS Alerts Facility
    • SMS Alerts Subscription Form (153Kb)
    • SMS Alerts Terms and Conditions (48Kb)
  • mPassbook Mobile Application
    • mPassbook Terms & Conditions (369Kb)
    • mPassbook FAQ (90Kb)

Authorised and regulated by PRA & FCA in the United Kingdom | A member of Financial Services Compensation Scheme | Government of India is major shareholder in the Bank.


Canara Bank Internet Banking, canara bank home loan.#Canara #bank #home #loan


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Canara Bank never sends email for getting customer information. Please report immediately to nearest branch if you receive any e-mail purported to be originated by Canara Bank to gather your UserID or Password or any other personal information. Our Bank does not ask for the details of your account/PIN/password. Therefore any one pretending to be asking you for information from the bank / technical team may be fraudulent entities, so please beware. You should know how to operate net transactions and if you are not familiar you may refrain from doing so. You may seek bank’s guidance in this regard. Bank is not responsible for online transactions going wrong. We shall also not be responsible for wrong transactions and wanton disclosure of details by you. Viewing option and transactions option on the net are different. You may exercise your option diligently.

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PNB Savings Bank, pnb home loan.#Pnb #home #loan


pnb home loan

Gives power over money to reach its interest-earning potential.

A tiered, high interest-bearing special peso savings deposit account for individuals. It comes with free medical call assistance and a Life and Death Accidental Insurance coverage.

Earn interest from your dollar deposits. Cleared funds are withdrawable anytime.

A non-interest earning peso deposit account also known as Checking or Demand Deposit.

A peso deposit account that earns interest like a Savings Account combined with the convenience of a Checking Account for a specific payee.

A special checking account that earns interest equal to the rate of a regular Savings Account.

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Loans & Credits – Smart access to cash for businesses or individuals.

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Buy that dream car the smart way.

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Purchase or construct that dream house the smart way.

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The smart access to cash for individuals.

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Meet the full potential of the business with ready cash.

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Invest & Insure – Maximize your money today to prepare for the future.

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Provides higher interest than the regular savings account.

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Gives power over money to reach its interest-earning potential.

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US dollar earns more interest than the regular dollar savings account.

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Take advantage of the strong partnership of PNB Life and Allianz to provide you solutions that are designed to meet the lifetime financial planning, wealth accumulation, and well-being aspirations of every Filipino Family.

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ATM & Payments – Use our strong banking network for your utmost convenience.


Interest Only Calculator, Payments During Construction, simple interest loan calculator.#Simple #interest #loan #calculator


Interest Only Calculator

  • Simple interest loan calculator

Simple interest loan calculator

Simple Interest Payment Calculator

This calculator will compute the interest only payment for construction loans.

Simple interest loan calculator

Construction Loan Budget Calculator

Almost every lender will use a slightly different version of this calculator.

How and When is a Simple Interest Calculator Used During the Construction Phase

Interest Only Construction Loan Calculator

D uring construction a construction loan’s payments are based on the loan amount actually drawn, unless if the loan is a hard money loan in which case the entire amount is deposited into an escrow account and interest is charged on the entire loan amount.

It is therefore difficultif not impossible to accurately estimate what the payments will actually be as the loan amount is subject to change at any one time.

A good approximation will be to:

  • Take 70% of the loan amount.
  • Use this calculator to figure out monthly payments.
  • Multiply the result by 12 to get the total approximate interest.

Furthermore, normally no payments are made during construction but rather applied to the payment reserve account that is set up and included in the loan amount.

A basic and simple to use Construction Loan Amount Calculator is available here.

Construction loans that include an interest reserve account not only help your cash flow, as you are not saddled with two house payments but also allow you to qualify for a larger loan amount since present and future housing expenses are not included in your debt ratio.

Construction loans have calculations that are a good deal more involved than a simple purchase or refinance mortgage loan amount.

Construction lenders calculate the actual construction loan amount after you answer some simple questions.

The interest only calculator on this page uses Java Script. If you have set your browser not to allow Java Script then you will get a warning asking you if you would like to allow the script to run. All you do is allow the script to run temporarily and the calculator will work.

Qualifying for a mortgage loan involves debt ratio calculations that very slightly from one financial institution to the next. In most cases the borrower’s debt ratio is analyzed using the fully amortized payment.

Simple interest loan calculator

New Home Construction

Construction and take out financing of ground up residential, owner occupied properties, up to four units.

Simple interest loan calculator

Remodeling Loans

Major remodeling loans for currently owned or purchase and rehabilitation of residential properties, up to four units.

Simple interest loan calculator

FHA 203(k)

FHA’s rehabilitation loan program for currently owned homes and purchase transactions of up to four units.

Simple interest loan calculator

Modular Homes

Modular, manufactured & fifth wheel homes. What are the differences? Is financing be available for them?

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Bad Credit Loans

Construction loans are available for damaged credit, but things can work very differently in this case.

Simple interest loan calculator

Builder Construction Loans

Also known as spec loans these are for speculators who plan on building several homes or a condo project.

Simple interest loan calculator

Lot Loans

Lot Loans for when you are not ready to build, but the opportunity presents itself. For up to Four Units.

Simple interest loan calculator

Stated Income Loans

For hard to document income or very complex combination of corporate and/or trust and personal returns.

Simple interest loan calculator

Closing Costs

Typical closing costs for a construction loan are a little different from conventional mortgages.


Car Loan, car loan interest rate.#Car #loan #interest #rate


Find the best loan for your car

Car loan interest rate

Personal Loan

How to Amortise a Loan

There s usually a very good reason why we get into debt: to purchase a home or car, pay medical bills, or simply just to get by .

Top 10 Tips on Buying a Used Car

Buying a new car can be challenging if you don t know much about cars.

Costs to Consider Before Buying a Car

So you ve decided to finally buy your dream car. Hats off to you. But before you jump the gun after seeing the seemingly affordable .

Pros and Cons of Secured Car Loans

An unsecured car loan is a kind of loan where you put up an asset like a car or house as your security .

Pros and Cons of Unsecured Car Loans

Planning on buying your next car? Consider getting an unsecured car loan. .

Car Depreciation FAQ

Q: When do cars start depreciating in value? A: Your brand new car starts depreciating in value once you drive it off the lot.

Ratecity (ACL 316710) is providing this information service. By using it, you are asking Ratecity for information about car loans. The search results do not include all car loan providers and may not include all features relevant to you. Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Ratecity is not a credit provider, nor is it suggesting or recommending a particular credit product. For further details refer to Ratecity’s FSCG. The comparison rate is based on credit of $10,000 and a term of 3 years. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.


Current Interest Rates on Home Loans, Savings, Car loans – CD Rates, car loan interest rate.#Car #loan #interest #rate


Today’s Interest Rates and Financial Advice:

Car loan interest rate

Financial Advice

Would you like to buy a home but worry that you’d never qualify for a mortgage? It’s time to stop guessing and evaluate your chances to land a loan based on everything from how much you make to your credit score. Believe it or not, the odds are in your favor.

November 14th 2017

The average cost of financing a new or used car or truck has stayed low over the past year, making auto loans a bargain by any historical measure. And buyers with reasonably good credit can always take advantage of the discount loans automakers are offering on many models.

November 13th 2017

Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.

November 13th 2017

Here’s how to make all of the right decisions so that you’ll save more, invest wisely and take full advantage of all the tax breaks to build your retirement nest egg.

November 10th 2017

It’s not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.

November 10th 2017

You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here’s how you can save on everything from settlement fees to title insurance.

November 8th 2017

Car loan interest rate

Interest ing Snapshot

Individual retirement accounts, or IRAs, are a great way to build financial security for you and your family. They’re easy to open and our simple strategy helps you make all the right decisions now, and in the years ahead.

Car loan interest rate

Car loan interest rate


Current Interest Rates on Home Loans, Savings, Car loans – CD Rates, car loan interest rate.#Car #loan #interest #rate


Today’s Interest Rates and Financial Advice:

Car loan interest rate

Financial Advice

Would you like to buy a home but worry that you’d never qualify for a mortgage? It’s time to stop guessing and evaluate your chances to land a loan based on everything from how much you make to your credit score. Believe it or not, the odds are in your favor.

November 14th 2017

The average cost of financing a new or used car or truck has stayed low over the past year, making auto loans a bargain by any historical measure. And buyers with reasonably good credit can always take advantage of the discount loans automakers are offering on many models.

November 13th 2017

Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.

November 13th 2017

Here’s how to make all of the right decisions so that you’ll save more, invest wisely and take full advantage of all the tax breaks to build your retirement nest egg.

November 10th 2017

It’s not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.

November 10th 2017

You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here’s how you can save on everything from settlement fees to title insurance.

November 8th 2017

Car loan interest rate

Interest ing Snapshot

Individual retirement accounts, or IRAs, are a great way to build financial security for you and your family. They’re easy to open and our simple strategy helps you make all the right decisions now, and in the years ahead.

Car loan interest rate

Car loan interest rate