What are the considerations for Education loan approval?
January 24, 2022
Usually, the below list of points are considered for education loan approval:
- The chosen course
- Institution
- The total amount required for a loan
- Educational performance
- Repayment capacity or assurance of the collateral
- The annual income of the family/guardian
Once you get the loan credited, you don’t have to repay until you complete the course. Once you complete the course, you will get a grace period, which varies from 6 to 12 months, which is a time allotted to get a job and start the loan re-payment process.
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