Am I eligible for Education loan in two years academic gap after 12th?
I have left engineering last year and now I wanna do fashion designing from LPU, Punjab. So Can I eligible for the course? And shall I take education loan for it?
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Eligibility for education loan depends on the marks obtained and each bank has its own criteria and collateral requirements. All depends on you how you choose and which bank you opt for loan. LPU has a separate loan department for all the loan related queries. Team helps students for applying loan and provide all the required documents regarding loan.
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It is possible to apply for an education loan even with a two-year academic gap after 12th. However, the eligibility criteria and required documents may vary depending on the bank or financial institution. It is recommended to contact various banks directly to get detailed information on their specific requirements and application process.
Here are some general tips for applying for an education loan with a two-year academic gap:
- Be honest about your gap. Do not try to hide it in your application. Explain the reasons for the gap in your Statement of Purpose (SOP).
- Highlight your achievements during the gap. Did you work? T
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Whether you are eligible for an education loan with a two-year academic gap after 12th grade depends on several factors, including the policies of the particular bank or financial institution you are applying to and your individual circumstances. Typically, education loans are available to students who have secured admission to a recognised institution or university for a course or programme of study. The eligibility criteria for education loans vary from bank to bank, but most require that the borrower be an Indian citizen, have a good academic record, and have a co-borrower or guarantor to support the loan. In the case of a two-year...more
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It is possible to apply for an education loan even with a two-year academic gap after 12th. However, the eligibility criteria and requirements for education loans may vary depending on the bank or financial institution providing the loan.
To determine your eligibility for an education loan with a two-year academic gap, it is recommended to contact various banks or financial institutions directly. They will be able to provide you with detailed information on their specific eligibility criteria, required documents, and loan application process.
When applying for an education loan, banks generally consider factors such as the course of stud
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Dear Sudarshan, I have done my Graduation and Post graduation from this University and during summer vacations I have worked in Admission department, so I come to know the process for applying loan facility because at the time of admission, many students applied for loan facility. LPU believes that financial hindrance should not be a cause for a student to step back from his dreams and thus it provides all sort of assistance possible to its students. The University has set up a separate Loan Assistance Cell, to cater all the needs like loan letter, loan application form and for any other justifiable assistance required from the Univers...more
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Hi, Yes, you can apply for the loan after taking admission to the desired programme. LPU also gives various kinds of scholarships on the basis of marks in either of the last two qualifications, LPU NEST Sports, Defence, and much more subject to conditions. For more information, you can either visit their website or call on their toll-free number- 1800 102 4431, 1800 274 0615. Thanks.
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Yes, you can apply for the loan after taking admission to the desired programme. LPU also gives various kinds of scholarships on the basis of marks in either of the last two qualifications, LPU NEST Sports, Defence, COVID-19 Frontline Scholarship, and many more subject to conditions. For more information, you can either visit their website or call on their toll-free number- 1800 102 4431, 1800 274 0615. Thanks.
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Hi, you can apply for a loan. LPU fully assists the student in getting a loan. Usually, the student prefers taking a loan from his native place as it is easier there as far as the document process is concerned. The LPU provides all assistance through its dedicated loan assistance department. LPU is having tie-ups or MOUs with all the leading Government and Private banks of India like
Punjab National Bank
Oriental Bank of Commerce
State Bank of Patiala
Central Bank of India
Karur Vysya Bank etc. LPU is having tie-ups with some of the NBFC even like Afinoz, Credenc, Eduvanz, etc. As well in this regard. Loan Assistance Process:
There is a sep...more -
Hi, You haven't indicated what programme you want to pursue; nonetheless, you will be qualified for an education loan if you meet the bank's requirements. LPU will assist you with any documentation that are required on a case-by-case basis. After you've been accepted into the programme of your choice, you can apply for a loan. After collecting all of the details on your cost structure, the banks will offer you a loan. In LP|U, your fee is determined by which scholarship you are awarded. LPU offers a variety of scholarships based on grades in either of the last two criteria, LPU NEST Sports, Defense, and many more, all of which are subj...more
Similar Questions for you
Yes, you can pursue VFX after completing your 12th grade. You need to choose the right subjects to develop foundation as a VFX artist.
A gap of 1 to 2 years after 12th can be considered normal. Although the students should be able to address it via the valid documents. The reasons like health, finance, skill development or family are accepted.
And if the gap after the high school Diploma is beyond 2 years, strong documentation is required to justify the same. The documents like which shows productivity for which an SOP can serve great purposes.
Yes, it should not be hard for you to get admission to the University of Western Australia as an Indian student with 50% in class 12th. However, please note that it does not put you in the top applicants either. The general admission percentage requirement for international students is 50 to 65%.
Look at the other admission requirements -
- English proficiency tests with IELTS (bands 6.5) or TOEFL iBT (82+)
- High school Diploma from a recognised board like CBSE or ICSE etc.
- Some course-specific subjects for Engineering programs
Top universities require a minimum of 80-90% in your 12th-grade board exams.
- Average universities often accept students with 60-75%.
- For highly competitive courses like Medicine, cut off is usually higher.
- Strong SAT/ACT scores can also compensate for a slightly lower board percentage.
Countries like Germany and Norway are excellent options. Because public universities there charge little to no tuition fees. The cost of living and education is significantly lower compared to the USA or UK. You must factor in living expenses and language requirements.
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