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Educational loan is offered to the students to facilitate them to obtain higher education in India or abroad. The chief motive to provide this privilege to the student community is to let them learn and develop career in the various streams. Many students over the period of time had lost good career opportunities just because they or their parents could not afford the higher education. Now the banks are offering excellent loan schemes to the students so they can pursue the higher education in the streams like medical, biomedical, genetics, engineering, technology etc. Educational loans are available to the students who are pursuing Graduate or Post Graduate Programs in India or Abroad. These programs include Engineering, Medical, Management and other specialty course. This loan can be sanctioned to the students who have secured their admission on merit and through a selection procedure of the desired institute. Students within the age group of 18-25 can apply for loan for graduation programs whereas students from age group of 21-28 can get loan for post graduate or doctoral programs. The age limit can be relaxed by the lending institution depending upon the course and caliber of the student. The educational loan generally covers boarding fees, examination fees, traveling expenses, caution amount or deposit etc. along with the tuition fees charged by the institute. The students obtaining their education in India get maximum loan up to Rs. 7.5 Lac whereas the students going abroad for education can get up to Rs. 15 Lacs. The repayment can be done in 5-7 years after the student begins the repayment. No security is required for the educational loan up to Rs.4 Lac. The parents/guardian or a friend/relative can sign as guarantor while applying for this loan above Rs. 4 Lac or bank may seek a collateral security equivalent to the loan amount. The maximum limit of education loan can be extended by the lending institutes or banks in deserving cases.

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It is also an individual loan taken to mitigate the business requirements or to raise working capital. The sanctioning authorities generally seek a professional project report with immediate and future projections of business transactions, cash flow and gross profit. No collateral security, mortgage or group members? guarantee is needed against the business loan. It is type of personal loan only but sanctioned to serve the purpose of running a small business. The criterion to get a business loan is not the status of the business but the personal status of finance or capacity of repayment. Many established business persons too sometimes find themselves in the need of funds and opt for business loan to raise the same. Secondly the lending institutions do not prefer to provide startup or seed capital to avoid risks but are willing to provide funds to those who already have businesses running. Generally this type of loan is provided for business growth purpose.

Personal Loan as the name clearly indicates is the loan sanctioned to a person or an individual to meet his or her immediate cash requirement. It is also known as ?Signature Loan?. It is an unsecured loan because the lending authority or institution does not require any collateral security or mortgage. This type of loan is granted on the basis of past payment or debt history, credit ratings, borrower?s income & repayment ability etc. though the credit rating is not at all mandatory. This is an informal method to raise funds as it involves lesser documentation and the sanctioning process is faster. Even borrowing from a friend or relative is also considered as obtaining personal loan. Personal loan is preferred to settle old debts, purchase of consumables, festivals, holidays etc. The rate of interest is generally high.

ARE U LOOKING FOR LOAN THEN UR SEARCH COMPLETED, ANY TYPE OF LOAN WITHIN 15 WORKING DAYS....EX: PERSONAL LOAN, HOME LOAN, STUDENT LOAN, AGRICULTURAL LOAN ..ETC .APPLY NOW