Yocket’s Grad School Finder is tool specially designed for Yocket users. You can enter your prefered course, academic details, exam results, essay and extra curricular ratings and get a specially curated list of universities for your profile.Read More
Our developers here at Yocket have worked especially hard to come up with this feature. We use big data and artificial intelligence to help predict the chances of you getting an admit from a university for a particular course. You can use this feature along with our grad school finder or click on the course of your choice on the University’s review page!Read More
This feature can be used to compare two or more universities. It displays comparisons based on Cost of studying, Scholarships, Weather, Location, Ranking, and so much more!!.Read More
Given is a set of universities, third parties and government institutions that offer scholarship opportunities to international students wanting to pursue their studies abroad.Read More
The Undergrad College Finder is a great way to commence your journey to your dream University for your Bachelors. You just have to enter your Test Scores (SAT/ACT scores, average of your scores in High School) and fill your Academic Profile (name of the Board and latest Institute attended) and thereafter get a specially curated list of the 12 Universities for your profile, classified under Ambitious, Target & Safe.Read More
With the cost of education on a steep rise, careful financial planning is crucial for aspirants of higher education from India and abroad. In addition to tuition fee, living, travelling and other related expenses form a substantial part of the complete cost of education. These expenses must be planned for in advance. In India, various financial institutions provide education loans to students to help them bridge financial gaps while funding their education.
In recent times, education loans have come to be seen as a preferred way of funding education over self-finance since they offer –
However, the financial terms surrounding education loans may confuse some students and their parents. One such term is Margin Money.
Everything You Need To Know About Margin Money
When it comes to education loans, margin money is a certain percentage of the complete cost of education the borrower is required to pay from his/her own funds. The remaining amount is then paid by the bank in the form of education loan. This borrower contribution has to be paid on a pro-rata basis as and when the disbursements are taken from your education loan provider.
This borrower contribution can be in the range of 10%-25% for studies in India and abroad. While most banks have made margin money a mandate on education loans, financial institutions like HDFC Credila offer education loans without any margin money.
For some students and their parents, margin money can be a major cause of concern. Some students are even forced to avail personal loans on high interest rates to pay for the margin money which only increases their financial burden.
With HDFC Credila, you can avail customized education loans with zero margin money. Other unique benefits offered by HDFC Credila are -
For more information on HDFC Credila’s Education Loan, visit www.hdfccredila.com.
Anirudh Jain: Great information. Another very similar blog is https://www.gyandhan.com/blogs/margin-money-in-education-loan