29-10-2014, 02:25 PM
Abstracts: Education Loan Portal is a system where a student or his or her parents or spouse (husband or wife) can apply for education loan.Loans will be from 1 lack to 10 lack rupees for India and up to 20 lacks for education in abroad. Loans will be for graduation, diploma, masters courses from AICTE, UGC, IDM recognized universities or colleges. To get the loan one needs to fill the form which includes personal details, course details, address proof and other identity proofs and bank details.Three easy steps for online loan application:1) Register yourself 2) Fill the application form 3) Get money (provide bank detail) There are three types of users: 1) Admin 2) Registerd Users 3) Unregistered Users Admin can approve or reject loan application based on eligibility and other required criteria. Site is publicly available but only registered user can apply for loan. Any unregistered user can donate fund by filling donation form. Loan will be given to only the citizens of India.