Financial Aid FAQs for Students
The primary benefit of student loan refinancing is that it can lower the borrower's monthly payments and overall cost of the loan. Refinancing can also allow borrowers to choose a new repayment plan that better fits their financial situation.
To apply for student loan refinancing, individuals should compare rates and terms from multiple lenders and choose the best option. They will then need to provide their personal and financial information, including their credit score, income, and outstanding student loan balances.
Whether student loan refinancing is a good idea depends on the individual's specific financial situation. It can be a good option for borrowers with high-interest loans or who are struggling to make their monthly payments. However, it's important to consider the potential loss of benefits that come with federal loans before refinancing.
Step 1: Request your current lender for a foreclosure form. Step 2: Approach a new lender to refinance your existing loan for education. Step 3: Allow the new lender time to complete the paperwork and approve the request.Step 4: Wait for the new lender to provide you with a cheque for your old lender to clear the outstanding amount.
We use Fast, Secure and Efficient technology to fetch and store data from your bank statements. All your banking details are completely safe and tamper-proof with us. We do not have access to your internet banking password, nor do we have the ability to change your banking details.
Your parents, siblings, spouse, parents-in-law, first blood relatives, legal guardians, to name a few.
We need your pan number to know your credit history and process your education loan application faster. Your data will be safe with us.
As per RBI guidelines, we need your address as mentioned in your KYC documents for our records.
You can go back to your form using the same phone number you previously used. You can continue the application from the part where you left.
Pan card & Aadhar for KYC, identity and address verifications, employment credentials like Form 16, ITR as per RBI directives. The banking credentials for underwriting and ENACH setup. The loan sponsor/financial co-applicant consent, KYC, banking details as per the course and product.
