Admission processes are going on in the colleges for graduation and master’s program across streams. Several students and their parents have now started research on education loan products with banks and NBFCs. Now-a-days, students are also applying for education loan online on peer-to-peer (P2P) lending platforms.
Manav Jeet, MD & CEO, Rubique said: “The most important thing to be considered before borrowing for education purposes is if there is a loan offered for the course selected at the college. Because some institutes or courses are not recognised and getting an education loan for these may prove to be difficult from any lenders.”
Let us do a comparative study on taking education loan from Banks, NBFCs and P2P lenders.