Education Loan Explained

Getting a tertiary education can be a big help in boosting your career prospects. Given a choice, most employers would prefer to recruit a well-qualified candidate instead of someone who has studied only up to the secondary school level. But an investment in a university education can be expensive. If you are already working, it means giving up your regular income and paying tens of thousands of dollars a year as fees and living expenses.

Many people do not have the savings to pay for an expensive post-secondary education. Even those who have a substantial sum set aside for this purpose often need additional funds.

Fortunately, you need not give up your ambition of furthering your education just because you do not have the money. There are several sources of funds that you can access to pay your fees and, in some cases, even to cover your living costs.

Security

In some cases, parents need to be joint borrowers but security is not required

Loan Approval process

You can apply either physically or through online mode