 INTRODUCTION

PARTICAPENTS:
 Abhishek Dalimbkar
 Prerana Palande
 Divyanshu Sahu
 Pratyush Prasad
 Chirag Dharmik
 Ragini Vishwakarma
 Prathav kolhe
STUDENTS
LOAN
INDIAN BANKING
SYSTEM
What is student loan ?

loan that help student to pay post secondary education .

 WHY DO PEOPLE PREFER STUDENT LOAN ?

1. Great rates : Low interest rates .

2. Chunky tuition fees : loan form Govt or Private .

3. Living expenses : Help you to live decent standard of living

4. Peace of mind : Focused on your studies .

5. Invest in the best : Investment in your future, Achieve your goals .

TYPES OF STUDENTS LOAN :

1. Federal student loan :

i) Which are provided by the Govt Banks .

2. Private student loan :

i) Which are provided by Banks or other Institutes

 ADVANTAGES OF STUDENT LOAN

1. Interest rate deduction 2.Flexible Repayment Options:- 3. A Way to Establish Credit:-

• Interest you pay on the Federal student loans tend to have student loan is excellent way to loans
is often deductible rather flexible repayment options. build your credit .
 DISADVANTAGES OF STUDENT LOAN

1) Floating rate of interest 2) Allowance of loan for low grade job

 HOW IS LOAN ELIGIBLITY DETERMINED?

 The candidate applying for the loan must be a resident of India.

 He/she must have confirmed admission in recognized educational institutes in India or abroad.

 The age of the candidate must fall within the bracket of 18 to 35 years during loan application.

 He/she must be undergoing a graduate/postgraduate degree or a PG diploma.

 The applicant should have a secured admission in a college or university affiliated by

UGC/AICTE/Govt. etc.

 Students pursuing full-time courses need to have a co-applicant who can be either
parent/guardian or spouse/parent-in-law (in case of married candidates)
 Education Loan Eligibility Tabular representation
Particulars Eligibility

Nationality Indian

Age Minimum- 18 years Maximum- 35 years

Academic record Proven- good

Qualification Pursuing graduate/postgraduate degree or a PG diploma.

Income source Parents/Guardians

Income Stable

University Applied to Recognised – In India/Abroad

Admission Status Confirmed

Tangible collateral or guarantor- depending on the loan amount and income

Security
source.
 CASE STUDY

 1st = Name= RIYA

 Fees = 18 lakhs for 3 years

 A) where she will get money for her education?

 B) Is it worth to take loan for IIM?

 

 RETURN ON INVESTMENT !!
 
 “Your college falls in one of the TOP ‘B’ school”

 Average Salary = 21 lakh per annum !!

 Job in J.P MORGAN and got 22 lakh package !!!!!!

• START-UP WORKING FOR STUDENT LOAN?
I. GyanDhan : Gyandhan helps to provide education loans for students
Who wish to pursue higher education in foreign universities

II. Credila : India's first education loan specialist, is an HDFC Limited

Company that provides education loans to study abroad in 35+
countries for more than thousands of courses!

III. Shiksha : Shiksha start-up that operates in the school education sector.

.It provides loans to small store owners, auto drivers and those
without a valid or good credit score. They have tied up with schools whose letter of recommendation,
stating that the parents have paid the fees regularly, is the only collateral that needs to be provide
 TOP INSTITUTE FROM WHERE YOU CAN GET LOAN ?
Best Banks for Education Loan in India 2020 (up to 7.50 Lakhs)
I. HDFC Bank Education Loan
II. Axis Bank Education Loan
III. Vijaya Bank Education Loan
IV. Union Bank of India Education Loan
V. State Bank of India Education Loan
VI. Punjab National Bank Education Loan
VII. ICICI Bank Education Loan
VIII. Corporation Bank Education Loan
IX. Canara Bank Education Loan
X. Bank of Baroda Education Loan