Nursing studies will no longer be a dream, education loans will provide great relief; pay money in easy installments.

Lack of money will no longer be an obstacle for nursing studies, education loan is providing great help. Students will be able to repay the loan in easy installments after completing their studies, which will make building a career even easier.

If you want to study nursing but lack of money is coming in the way, then there is no need to worry now. With the help of the government and banks, studying nursing has now become easier than ever. Students will now not only get a chance to fulfill their dreams through education loan, but they will also not have any major problem in repaying the loan. With easy installments and special discounts, this loan system is no less than a relief for students and their families.

How to get education loan?

Studying in medical fields like nursing is very expensive. Especially in private colleges, the fees are in lakhs, which not everyone can afford. But now many government and private banks are offering education loans for nursing studies. Students can easily get this loan after getting admission in a recognized college or university.

How much amount can be got?

According to reports, an amount of up to Rs 40 lakh can be given for nursing. This amount includes tuition fees, hostel expenses, books, lab charges and even essential things like laptop. That is, a student does not have to worry about any kind of financial problem during studies.

When and how to repay the loan?

The process of repaying this loan is also quite easy. Usually banks provide the facility of starting EMI after 1 year of completion of studies or 6 months after getting a job. This allows students to work after completing studies and repay the loan slowly without any burden. Banks provide an opportunity to repay the loan in easy installments of 5 to 15 years.

Where to apply?

Students can apply for education loan by directly visiting the branch of the concerned bank. Apart from this, many banks are now also providing the facility of online application. Students have to submit documents like their admission letter, fee structure, Aadhar card, PAN card, previous class mark sheets etc.