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About GGI
The institution’s state-of-the-art infrastructure, experienced faculty, and industry-aligned curriculum ensure that students receive high-quality education and practical exposure. GGI aims to nurture future leaders and innovators by providing them with the necessary skills and knowledge to succeed in their respective fields.
Through a combination of theoretical learning and hands-on experience, GGI prepares students to navigate the challenges of the modern world and emerge as competent professionals ready to make a positive impact.
Types Of Education Loan
Education loans help students cover various costs associated with their education. Here’s an overview:
Based on Location
These loans support secondary school graduates pursuing a bachelor’s degree, covering tuition fees and other related educational expenses for a duration typically between three to five years.
Professional/Graduate Student Loans
Designed for those seeking advanced degrees or professional qualifications, these loans cover tuition and associated costs for postgraduate programs, requiring completion of an undergraduate degree for eligibility.
Career Education Loans
Offered for vocational training and technical courses, these loans support students attending trade schools or technical colleges, focusing on career-oriented programs and practical skills development.
Loans for Parents
These loans help parents finance their child’s education-related expenses, including tuition, books, and living costs, for secondary, private, or vocational schools.
Expenses Covered
- Tuition Fees: Covers the educational institution’s tuition fees.
- Exam, Library, and Lab Fees: Includes costs for exams, library access, and lab usage.
- Travel Expenses: Covers travel costs for studying away from home.
- Insurance Premium: Includes insurance costs if required.
- Deposits and Building Funds: Covers deposits and building funds (up to 10% of the loan).
- Books and Equipment: Includes costs for books, equipment, and uniforms (up to 20% of the loan).
- Computer Purchase: Covers the cost of a computer if necessary (up to 20% of the loan).
- Additional Course Costs: Includes costs for study tours, project work, and theses (up to 20% of the loan).
Interest Rates
- Domestic Education Loans: Typically range from 7% to 12% per annum. Rates may vary based on the lender and the applicant’s profile.
- Fixed vs. Floating Rates: Some lenders offer fixed interest rates, which remain constant throughout the loan tenure, while others offer floating rates, which can change based on market conditions.
- Subsidised Interest Rates: Certain government schemes and scholarships may offer subsidised interest rates, reducing the overall cost of the loan.
- Additional Charges: There might be processing fees or other charges that can affect the effective interest rate.
- Discounts and Offers: Some lenders provide interest rate discounts for prompt payments or for certain professions.
Eligibility Criteria
To qualify for an education loan, candidates need to fulfil the following requirements:
For Undergraduate
For Postgraduate
For Professional courses
Ways To Apply For A Loan
Contact Our Loan Desk
Our Loan Desk provides expert help with applications, loan options, and documentation.
- Expert assistance with loan applications and paperwork for seamless processing.
- Guidance in choosing the best loan option suited to your needs.
- Support with required documentation to ensure a smooth financing experience.
Do It By Yourself
- Research and Apply Compare different education loans based on interest rates, terms, and eligibility. Complete and submit the application form with necessary documents.
- Verification The lender reviews your application and documents, which may include interviews or additional information.
- Approval and Disbursement Upon approval, accept the terms, and the lender will transfer the funds directly to your institution or account.
Government Initiatives & Subsidies
Schemes and Subsidies to Support and Reduce the Burden of Education Loans
Interest Subsidy Programs
Provides interest subsidies on education loans for students from economically weaker sections (EWS) with a parental income below ₹4.5 lakhs per annum, covering professional courses in India.
Interest Subsidy on Education Loans for Students with Disabilities
Offers interest subsidies on education loans for students with disabilities, reducing the financial burden associated with pursuing higher education and helping to make education more accessible.
Padho Pardesh Scheme
Subsidises interest on education loans for minority students studying abroad. The scheme covers interest during the course and one year after, for students from minority communities earning less than ₹6 lakhs annually.
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Associate Banks
GGI partners with reputable banks to provide top student loan options, known for their favourable terms and excellent service.
Success Stories
Here are the examples of famous personalities for whom education loans proved to be a crucial steppingstone towards their remarkable success.
Ratan Naval Tata
The former chairman of Tata Group, Ratan Tata used education loans to fund his studies at Cornell University. His education and leadership played a pivotal role in expanding the Tata Group’s global reach and success, establishing him as a prominent figure in the business world.
Sundar Pichai
The CEO of Alphabet Inc. and Google utilised an education loan to pursue an MBA at the Wharton School. His academic background and skills paved the way for his ascent to lead one of the world's largest tech companies, showcasing the transformative power of investing in education.
