Cynapse FAQ Series
In this section we cover the most frequently asked questions around education loan in India
Financial Planning for College Students: A Comprehensive Guide
College is a time of exploration and discovery, and it's also a time when many students start to learn about financial planning. Unfortunately, most students don't get any formal education on the topic, which can lead to mistakes that can haunt them for years to come....
Padho Pardesh Scheme: A Key to Empowerment for Minority Students
Education is the foundation of a strong and prosperous society. It provides individuals with the necessary skills and knowledge to succeed in life and make meaningful contributions to the world around them. However, for many students from minority communities, access...
Comparison of Education loan against various collateral types
Secured education loan offers various benefits to students including lower interest rates, higher upper limit for sanctioned amounts, etc. The benefits of a secured loan are listed here for your reference. In this article, we compare the various security options that...
All in one guide for education loans: All you need to know in one place!
Cynapse has launched India’s first WhatsApp-based education loan. It has partnered with 11 major public and private sector banks exclusively to offer education loans for students. Cynapse has also developed India’s first Whatsapp-based process to make enquiring about...
Who is eligible for an education loan?
The most common question that comes into any student’s mind is regarding education loan eligibility and its requirements. It is important that students segregate facts from assumptions and conclusions before coming to a judgement on education loans. Let us look at...
Student Education loan on Whatsapp
Cynapse launches India's first Education loan on Whatsapp Cynapse has launched India’s first WhatsApp-based education loan process for free. We has partnered with 11 major public and private sector banks exclusively to offer education loans for eligible students. With...
Bank of Baroda Forms: Scholar Loan
Every Bank-of-Baroda Study Abroad loan (Scholar Loan) application needs to have the following two documents. Please use the links below to download them and take a printout. 1. BoB Application Form This has to be filled by the co-applicant (father/mother/spouse/etc.)...
Vidya Lakshmi Portal – Is it necessary?
Vidya Lakshmi portal is the government's unified portal to help students apply for education loans from participating banks. Currently, there are around 40 odd banks that are registered on the portal. In theory, the Vidyalakshmi portal is a beautiful concept. But in...
Students returning from Ukraine: Education loan repayment options
The world woke up to shocking news of Russia invading Ukraine on 23rd February. The result was increasing tensions between the countries resulting in countries evacuating their respective citizens from the war affected zone. India also evacuated all their citizens...
What factors affect my chances of getting an unsecured education loan?
Education loans are broadly classified into 2 categories. Secured and unsecured loan education loan. Read our article to understand more about the different types of education loans. The parameters considered by financial institutions vary based on the type of loan...