Education Loan Refinancing: Process and Eligibility Criteria

    Updated on: 10 Oct 2023 7 min read

     

    Taking an education loan solves a major financing problem that many students face. While a loan approval eases the tension and the stress of paying large sums of money, the repayment of the loan is the real challenge that often baffles students. Defaulting on loans is not an option as it negatively impacts the credit score. However, an easy way to reduce the financial; burden is to restructure the loan. This can be done by refinancing the education loan, that is paying the existing loan with a new loan. 

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    How can GyanDhan make it easier for students to refinance their education loans? 

    GyanDhan aims to make education loans easy and simple for students. We have partnered with several lenders in the market to make it easy for students to apply for loans. Just check your loan eligibility and fill a form on our website to initiate your hassle-free loan refinancing. We will go through your profile, your current interest rate, and the EMI you are paying to suggest to you the lender and the deal to help you save money. We will assist in loan disbursal and loan foreclosure. Get in touch with us today to make your education loan repayment affordable and reduce the financial burden.

     



Photo aman jain
Written by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.


Specializes in:
Education loan , Study Abroad Admissions

0096084
Reviewed by Ankit Mehra

Ankit is the co-founder and CEO of GyanDhan. An IITK / IESE alum who previously worked at Capital One / Credit Suisse, his aim is to equalize and expand access to higher education. His interests include playing football (soccer), and basketball, trading/investing the limited money that he still has, and discussions on economics / politics.



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