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We see that many of the students want to study abroad for completing their studies. It is clear that if you want to study abroad then it costs high. For this, you have to take an education loan. Now the question is how to apply foreducation loan? When you are talking about education loans with someone then they suggest you take a loan from banks, NBFC, or from the lenders who give the loan on the interest. Along with education loans, some lenders like Zolve also provide a full spectrum of banking services online including opening an international bank account online, credit cards for students with no credit history, loans for further studies and other financial aid to international students in U.S. and other places. But before going to all, you have to compare the education loan interest rate. Because the rate of interest is varied. So choose wisely from where you have to take a
Now, we talk about how to apply for an education loan, and you will take an education loan. There are many ways to take an education loan.
- Banks- If you are going to take an education loan from the bank then you have to enquire for the education loan and the rate of interest on it. After that collect all your documents and apply for an education loan online. When you fill all the details in the online form and submit it. The bank starts the process by checking all the documents that you submit. It will take up to 15 days to complete the process and sanction your education loan and the interest on it.
- NBFC- With NBFC, you can apply for an education loan, you have to submit the document offline, which means all the work regarding education loan done with all the paper. And the NBFC takes more than 30 days to complete the process after you submit all the documents. After that, it sanctions your loan and notifies you of the interest rate.
- Leap finance- When are going with leap finance to take an education loan, it gives you a very simple and easy and fast way to complete the process. Because all the things are transparent with leap finance. When you apply for an education loan online, after 10 minutes of submitting your form for a loan, the leap finance shows you the offer for a loan. So you can choose the loan and the interest rate according to you and your study period.
How you can apply for an education loan with leap finance?
There are some easy steps by following them you can get an education loan in just some minutes:
Step1- Apply for an education loan online and fill all the details in the form correctly.
Step2- After submitting the form, you will get the loan offer in 10 minutes.
Step3- After that, you have to accept the loan offer.
Step4- You can take a video call assessment with leap finance. After that assessment, you get the loan sanction letter.
Step5- Upload all the documents that are mandatory and get the sanction letter of loan. Because this letter you will need for the US visa and I20 form.
Step6- When you get the visa and i20 form, you have to upload all the documents again.
Step7- After all this the students and leap, finance has to sign on the agreement.
Step8- Leap finance takes only 1-2% charge of the amount as a fee.
Step9- Now you are done with all this. And get your education loan.
That’s all you have to do and you get your loan easily for your study.
