Jan 24, 2016 12:26 PM
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Current Scenario in Educational Sector .
In the current society, there are thousands and lakhs of students are there in India who are very well brilliant and talented in studies and other curriculum activities, and India is country where education is concerned very well, and all the classes of the society are having well awareness about the value of education, and benefits of getting getting educated in the society.
But families and parents of the most talented students are facing very financial problems and crisis for giving better and high education for their children in India, Middle class and Low class in Financial status are facing most of the problem in giving better education where money plays a good role in the educational sector.
Most of the highly talented and well scored students in the schools levels are not able to join better higher studies which they want be get study, In the current scenario educational system are totally changes, most of the Colleges and other educational institutions are running like a business, and these colleges and institutions are in competitive field of business, Even graduate courses likes Bsc, BBA, BCA, Bcom are graduate courses with great fees, all these courses in reputed colleges ask for a minimum amount of 50k to 80k per year, while completing a 3 year graduation a parent should have to pay a minimum amount ot 1.5 lakh to 2.4 lakh for three year, see how horrible is the situation is, the post graduation courses like MCA, MBA, MCom are also highly charged, For post graduation colleges charge minimum amount of 2- 5 lakh per year, and a normal financial class family can never think about an Medical seat for MBBS, it will budget arount 50 - 80 lakh for completing 5 year MBBS program, So this is the current scenario in the education sector.
Loans for Education.
In India, where people find great difficulties to pay big amounts for getting edcation, most of the banks are providing edcational loans for students for getting education, and these loans have become a great comfort for the parents who wish to give better education for their children.
SBI Educational Loan:
SBI provide loan for all the courses of universities whih are approved by the UGC, and the concerned government boards, and the most intresting benefit is that SBI provides loan even for the students who would like to study abroad. all the loan process and other formalities have made very easy and simpler at SBI, which will help to get education for the student at the right time.
SBI Education Loan Details;
-> Fast Approval.
-> Low Formalities & Documentation Process.
-> Loan for Education at India & Abroad.
-> Loan amount upto 4-5 Five Lakh in India
-> Loan amount upto 15-20 lakh for abroad Education.
-> Very low and comfortable interest rates(4-5% For Education at India & 10-15% for Abroad)
-> No Loan against security process for loan amount upto 4 lakhs.
-> Direct fund transfer to College or Institutions.
-> Amount includes for purchasing Costly study material like PC or Laptop.
-> No Extra payment deduction like insurance & Processing Fee.
Summary:
Educational loans are a helping hand for many families who face many financial crisis for giving better education for their children, but now this educational loan system are also brialliantly marketed by many banks for high intrest rates and other hidden charges, which may lead other big financial crisis, so my suggestion is to get availed by a comfortable and safe loan from SBI.
Thank You,
Shamil P.S
