Maxxcell Institute and Study Abroad has provided career advice and study abroad services since 2013. The Max Money Education Loan program offers comprehensive assistance with educational loans, allowing students to make smart choices.
Maxxcell Institute and Study Abroad has been a leading career counseling and study abroad institute since 2013, dedicated to helping students navigate their educational journeys abroad.
Our mission is simple: Investing in education today is investing in your future.
Max Money Education Loan, Maxxcell's education loan assistance program aims to extend our commitment to student empowerment by offering tailored educational loan solutions for their study abroad journey. We understand that every student's journey is unique; therefore, we provide personalized assistance in finding the most suitable loan options based on individual needs and circumstances.
Although studying overseas can be a fulfilling experience, there are financial obstacles to overcome. Getting an education loan can help with living expenses and tuition costs to lessen them. With the aid of these loans, students can efficiently handle these expenses and devote themselves entirely to the experience. Additionally, they provide flexible repayment plans that might ease immediate financial strain, including a grace period following graduation. Education loans also give students the opportunity to think about elite schools and programs that might otherwise be unaffordable, improving their chances of landing a good job and possibly earning more money. Also, students may be eligible for scholarships or lower interest rates from some education loan providers.
Here is a complete guide for your application process; remember, it is easy when you do it carefully.
| Aspect | Collateral Loan | Non - Collateral Loan |
|---|---|---|
| Definition | Loan secured by an asset known as collateral. | Loan granted without requiring any security. |
| Eligibility | Easier for individuals with collateral to offer. | Based on credit score, income, and repayment capacity. |
| Interest Rate | Lower, as the financier's risk is reduced. | Based on credit score, income, and repayment capacity. |
| Loan Amount | Higher amounts are available depending on the collateral's value. | Limited to smaller amounts, based on income and creditworthiness. |
| Processing Time | Longer, due to asset valuation and documentation. | Faster, as there's no need for asset verification. |
| Best Suited for | People having high-value collaterals such as property, fixed deposits, etc. | People not having any collateral or do not want to lock the property or high value assets under a loan |
Documents may vary with university requirements; here are the General Documents required for an education loan.