University & Eligibility
Do Banks give preference to students having admits from good colleges?
Yes, absolutely. Leading banks and NBFCs maintain a "Prime University List." If your college is on this list, you can secure lower interest rates (often 0.5% - 1% lower) and high-value unsecured loans without needing to show property as collateral.
Who all can sponsor me as a Co-Applicant? Can someone working abroad sponsor?
Your parents, siblings, or first-degree relatives (uncles/aunts) can be co-applicants. Yes, sponsors working abroad are accepted as long as they provide valid income proof like overseas salary slips, bank statements, and tax returns (e.g., P60 in UK or W2 in USA).
When should I ideally apply for my Education Loan?
The best time to apply is immediately after receiving your admission offer. Getting your loan sanction letter early is vital for your Student Visa application and ensures you have proof of funds ready for the embassy.
Can I pre-pay my loan? Are there any hidden charges?
Yes, you can pre-pay your loan at any time. We help you choose lenders that offer Zero Pre-payment penalties, so you can settle your debt faster and save on total interest without any extra fees.
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