Explained: Why education loan eligibility is of great importance

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The GER (gross enrolment ratio) of India has gone up by almost 0.7 % in the year 2018. This GER is for the students pursuing higher education. This portrays that the amount of intellectual competition in India is only going to go up higher. Thus, education is the only means which will help one to survive this cut-throat competition. However, the meritorious students are finding it difficult to pursue higher studies because of the exorbitant cost of educational fees. Thankfully, there are a lot of banks and NBFCs (non-banking financial companies) which have started providing education loans. However, one has to fulfill the required education loan eligibility criteria to make use of them.

 

Reasons why study loan eligibility is of great importance:

  • First and the most important reason, it helps you get an education loan. You can make use of the capital from an education loan to take care of your study-related financial needs. An education loan covers the costs of your college fees, tuition fees, cost of study material, travel expenses, residential expenses, etc.
  • There are a number of courses covered by the study loans. These courses range from engineering, medicine, science, commerce to economics, hotel management, mass media, etc. Thus, students have a number of options in front of them to choose from.
  • The loans offered by banks and NBFCs (non-banking financial companies) are way lower than those provided by traditional financiers. But the only way to get these loans is to fulfill the education loan eligibility criteria given by these financial institutions. Also, there are a lot of these financial institutions which provide special discounts to meritorious students and women. These discounts are offered to empower and promote the deserving candidates to pursue higher education.

The criteria to become eligible for an education loan are:

  • The first criterion is a given; you need to be an Indian citizen to be eligible to apply for these loans. Also, there are a lot of banks which have kept an age limit for the applicants. Thus, now you need to be in the age group of 18 to 35 years to be eligible for an education loan.
  • The co-borrower’s credit score and history also determine your education loan eligibility. Therefore, make sure that they’re making timely repayments on all of their previous as well as current debts.
  • There must be an earning member of the Indian society willing to co-sign the loan amount. This co-signer shall be the primary debtor for your education loan. He or she can be any of your family members such as your mom, dad, siblings, relatives, etc. There are a lot of financial institutions which provide multiple co-borrower facilities. Thus, you can make use of these facilities and avail a higher loan amount.
  • The banks and NBFCs (non-banking financial companies) also check your educational background and the course of your choice. Therefore, you need to clear all of your pre-requisite examinations to fulfill the education loan eligibility. The financial institutions check your educational course and your educational institute to make sure that you will be able to repay the loan amount.

Hope this article will help you understand the overall importance of study loan eligibility.

How to Get a Personal Loan at an Interest Rate You Can Afford

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Getting a personal loan can be easy and difficult at the same time. These days you can simply go online, enter your details, and be approved in a matter of minutes – it is that simple. However, how do you know if you are getting the best terms? Sure, you could apply for multiple loans at the same time, but this means that you will be running multiple credit checks almost simultaneously and this will have a negative effect on your credit score.

As such, you are left with a choice – go to your local bank and hope you get approved or shop around online to find out as much as you can about a potential lender before applying. As you can imagine, neither approach is ideal. But this doesn’t mean that you won’t be able to get a personal loan at an interest rate you can afford and here are some tips to help you achieve that goal.

Step 1: Understand the Process

The worst thing you can do when getting a personal loan is not knowing how much money you will need as this could lead you to apply for too much, or not enough.  In either case, you won’t get the funds you need and then you’ll be left with having to repay the loan. As such, you will want to figure how much you need, what you need it for, and when you will need it by.

From there you will want to pull your own credit score as this will give you an idea of your creditworthiness and will allow you to catch any surprises before you apply for your loan.  Once you have this information in hand, then you can visit the websites of lenders who specialize in personal loans including banks, finance companies, and even credit unions such as partnersffcu.org.

Most of these companies will allow you to get a pre-approval online but visiting their site will also allow you to check out the terms and conditions tied to the loans these companies offer.  Additionally, you will want to check out the reputations of these lenders. This includes searching sites like Consumer Reports.

Step 2: Make a List and Check it Twice

At this point, you will have figured out what you need your loan for, how much you need, and when you need the money by. In addition, you will have done your homework by checking out potential lenders to learn about the loan programs they offer and their reputations. Now it is time to decide to rank the lenders based on their offerings and their reputation and then decide where to apply.

This is an important step and it is often overlooked by borrowers. Unfortunately, this often means they are paying too much for their loan. Don’t let this happen to you. Instead, take the time to compare the loans you are considering and then pick your lender based on who has the most advantageous terms to suit your need.

Step 3: Do the Math

You’ve picked a lender and now you are in the process of applying for a personal loan. At this point, you might think that your work is done but you’d be wrong. This is when you will need to get your pencil and calculator (or maybe just an Excel spreadsheet) and do a little math.

What you want to look for are the following items: 1) are there any closing costs or commissions? 2) What is the monthly interest rate and the annual percentage rate (APR)?  Remember these two “rates” are not the same, the interest rate is just that, while the APR includes any fees charged on an annual basis. 3) What is the loan term – i.e. the length of your loan?

From here you have the information needed to calculate how much you will need to pay each month and importantly how this will fit into your monthly budget, assuming you have one of these. Another thing to remember when doing the math – you want to use short-term loans to pay for short-term needs. Don’t get a personal loan at an interest rate approaching credits cards if you are not expecting to repay the loan within the next year.

If you are looking for a longer financing option, then you might want to consider something at a lower rate such as a home equity loan or asking friends and family for help. The reason for this is simple, as high-interest rate, short-term loans can be expensive if amortized over twelve months or more and if you are not careful you could end up paying two-to-three times the principal amount of the loan.

So, when it comes to getting a personal loan at a rate you can afford remember to understand the process, making a list and checking it, and lastly do the math.  This will help you to find the best possible loan for you at a monthly payment that risk your credit score in the long run.

Get Support For Netgear Routers And Extenders

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Getting seamless and consistent WI-FI coverage for home setup turns Up to a never-ending task and every day you are back home, you are asked to fix the issues. After working to check the basic connectivity, seldom you find the disconnection of one or more AP or the signal lost issue at the dead ends. Sometimes, due to restart, the buffering time also increases. It happens so when you connect more devices than the required ones.

If you are facing issues like this, then it is the best time to go for the support and look for a popular solution in the world of home networking. The first thing would be to trace the device which you are using. The router and extender model used for your home network.

Now, as a customer, you are enjoying the benefits of a Wi-Fi system with its best capabilities with full coverage and performance while keeping the existing set up as it is. Rather than checking every day and rectifying the errors and getting irritated on the devices, get rid of all this by looking for the online support and services by the companies dealing in these products.

Net Gear is one such brand which provides online support to its customers to enjoy speedy internet Wi-Fi connection. The devices provided are most suitable for setting up netgear Wi-Fi Enabled connection for the home network.

The router to extender connection can be established by putting a push button installation now. By installing net gear ext device, disconnections and dead spots can now become a long-lost memory from your past.

So, what are you waiting for, look for a great experience ahead and find mywifiext support for your home devices like router or extender and transform your unhappiness to happiness!

How to Setup Net Gear Range Extender

As soon as you connect an extender, it attains a valid IP address and it can be set by following the given instructions carefully:

For manual connections:

  • Use your PC for setting up the connection via ethernet cable.
  • Login to the web user interface of your Wi-Fi extender at Net Gear website
  • Enter username and password.
  • Once you have successfully logged in, go to Setup > Wireless Settings.
  • Check the value in the Password (Network Key) field under Security Options.
  • Reconnect your Wi-Fi devices to an extender.

Without Ethernet Port:

  • Go back to the settings page.
  • Reset extender to default settings.
  • Connect via Wi-Fi to your extender.
  • Follow the mywfiext setup wizard to set up your connection to your router. Reconnect your Wi-Fi devices to the extender.

If you are still experiencing issues with your extender, try following instructions given in manual. If you are still unable to connect the device, try getting connected to the community or take help from YouTube channel or look for assistance.