Bank vs NBFC : Differences Between Education Loans

by Salil_Singh

Financing is a major hurdle in a student’s study abroad dream. Education loans play a major role in removing this hurdle. But one question we often get from students is whether they should opt for a bank or an NBFC. Both are completely different financial institutions and hence, their loan products also vary a lot, thus creating a lot of confusion.In this webinar, we are going to clear all the cobwebs of confusion so you can best decide between banks and NBFCs

The webinar will focus on

The functional difference b/w banks and NBFCs

Processing Fees

Processing Time

Tax Benefits

Payment of Interest During the Course-Period

Here is how the webinar works:

Ask Qs now: You can start asking your questions right away right here.

Answers via video: On Saturday, 13th December, at 7.30 PM, We will answer your Qs via a webinar, which you can join here.

Answers transcribed for future reference: We will transcribe the answers and post them in response to your questions on this page.

19 replies

aman.jain

Hi, Please start asking the questions here.

pavanraja753

Hi ,

My father is a farmer and we only have agricultural land. Is it possible to get non-collateral loan with agricultural land

Thanks

prashanth

Hi It’s Prashant here. Actually I wanted to know can i avail Educational loan without collateral and without Co signer or co applicant?

pavanraja753

I am aiming for 1. SUNY Buffalo, 2. NYU 3. TAMU 4. University of Waterloo 5. NEU Boston 6. UTD

computer science (Data Science)

pavanraja753

Thanks a lot for answering to my question

sagar_nagpal

Hi Sir, Sagar here, i wanted to know that if the co applicant does not have very good earnings, will the bank provide loan or not

Srinivas_Kandala

What kind of loans should I apply for for University of San Francisco? I mean, which loan is preferrable as the course costs me 40,000$ for 2 years?

prashanth

Hi It’s Prashant here. Actually I wanted to know can i avail Educational loan without collateral and without Co signer or co applicant since my dad is not working. This is for Ireland. Masters in Supply Chain Management & Logistics

Technical University, Dublin (TUD)

Thanks

Srinivas_Kandala

Thanks a lot. Can you please also give the same advice but for California State University, Chico?

prashanth

Is it possible only with ITR document for last two years ?

Srinivas_Kandala

It is Chico not a typo error. In california

pavanraja753

Hi,

I graduated from IIT Madras, will that help in increase in chances of getting loan without collateral and coapplicant

I am aiming for 1. SUNY Buffalo, 2. NYU 3. TAMU 4. University of Waterloo 5. NEU Boston 6. UTD

computer science (Data Science)

THanks

sagar_nagpal

Hi Sir my father runs a small businees along with my mother and their annual income is around 4-5lk and i am also working and earn around 10-12 k per month Currenty i have applied for colleges in canada, course tht i want to do is web and mobile applications development for may intake.

My profile:BCA 75% (2018)

cURRENTL POSITION : IOS DEVELOPER

Srinivas_Kandala

Yes sir, I am asking what kind of loan approach should i consider, for California State University Chico, Computer Science.

Srinivas_Kandala

Okay Sure. Thanks a lot for the information.

prashanth

Can i get a unsecured loans from banks or NBFC’s for Ireland for Masters in Supply Chain Management & Logistics with simple interest option by paying interest in advance

prashanth

iN THIS SCHEME, co applicant is required ?

prashanth

for canada

prashanth

yes please