Am I eligible for Education loan in two years academic gap after 12th?

<p>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&nbsp; 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.&nbsp;</p>

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<p>&nbsp;</p><p>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.</p><p>Here are some general tips for applying for an education loan with a two-year academic gap:</p><ul type="disc"><li><strong>Be honest about your gap.</strong>&nbsp;Do not try to hide it in your application. Explain the reasons for the gap in your Statement of Purpose (SOP).</li><li><strong>Highlight your achievements during the gap</strong>.&nbsp;Did you work? Travel? Volunteer? Take any courses or certifications? Be sure to mention these in your SOP and application.</li><li><strong>Get a co-signer.</strong>&nbsp;If you have a two-year academic gap, you may be required to get a co-signer for your loan. This could be a parent, guardian, or other trusted adult.</li><li>Shop around for the best interest rates and terms.&nbsp;Compare different lenders before choosing a loan.</li></ul>

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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 academic gap, some banks may require additional documentation or evidence of your academic and personal achievements during the gap period. This could include proof of work experience, extracurricular activities, volunteer work, or other accomplishments that demonstrate your readiness and commitment to pursuing higher education. It is recommended that you contact the bank or financial institution directly to inquire about their specific education loan policies and eligibility criteria. You can also consult with a financial advisory or education loan specialist to determine the best options for your individual circumstances.

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<p>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.</p><p>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.</p><p>When applying for an education loan, banks generally consider factors such as the course of study, the reputation of the institution, academic performance, and the borrower's financial background. It is important to provide all the necessary documents and meet the eligibility criteria set by the bank to increase your chances of approval.</p>

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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 University. It is also mentioned clearly in the prospectus too. Student Loan Assistance Cell was of great help. They are available for your assistance obviously according to their office timings. University has different bank branches inside the campus. State Bank of India Punjab National Bank Oriental Bank of Commerce Karur Vysya Bank ICICI Bank Student needs to apply for the loan letter from the university or from the LPU out-campus office. After having a loan letter from the university student can show to the bank for the further process, banks may ask for some other documents so you can apply from the university. As you have shown interest in pursuing Fashion Designing with LPU; LPU offers programs like B.Sc. (Design - Fashion) which is a 3 Year Programme or B. Design (Fashion) which is a 4 Year Programme. These are popular choice for many people who want to take their fashion ideas from original concepts to a lucrative interface with consumers. Hope this will help you! Thank you!

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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 separate loan assistance cell that looks into such cases. A student has to mail their Loan Letter requirement to the Loan department through email after taking admission. Loan letters can be sent to the applicant only after a student submits one loan application form to the Student Loan Assistance team. This process may take two weeks. Many students in LPU are studying with the help of an education loan. You have to submit documents like pan card, identity proof, photographs, residential proof, 10th, and 12th Marksheet, and Certificate to the bank plus a few documents about your guardian. The LPU will ask you to submit the original prospectus, Fee structure, proof of admission, etc. When you contact LPU members for a Loan letter, they will give you a form. You fill it and get it duly signed by your guardian. After filling up the form, they will provide you with a loan letter. With the help of this loan letter and other documents, you can easily apply for an education loan in LPU. Bank will give you all fees to LPU via check or online money transfer to the university account.

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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 subject to certain conditions. You must visit the LPU website to complete the process. I hope this information is useful!

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