00:00For starting in Germany, you don't need an education loan. Yes, you heard it right. But
00:05if you have to pay your tuition fees and depending on your financial situation,
00:09you might need one. There are two types of education loans you should know about.
00:14First are secured loans. These require collateral like property papers, insurance policies,
00:20fixed deposits, etc. And they have a low interest rate. Second is unsecured loans. These don't need
00:27collateral but the loan is given to you on the basis of your income, credit history, etc. And
00:33because the risk is more, the interest rate is also higher. As for the documents, you need your
00:39KYC documents, mark sheets of 10th, 12th, bachelors, admission letter, fee structure,
00:46your co-applicants KYC and income proof, blocked account fund proof, and the registration and
00:52ownership documents of the collateral. If you want to know which bank charges how much interest
00:57rates for both of these loans, you can consult us to get the help.
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