The eligibility criterion is that the applicant must be able to produce a proof of student’s enrollment in a tutorial center. The document must show the name of the student, period of enrollment, the tutoring bill and the name of the tutoring center.

You can apply for this low interest student loan online. Account management can also be done online. The loan interest rates are also directly related to the creditworthiness of the cosigner. The lowest is Prime + 0 for borrowers with extraordinary credit record. Interest rates are reset after every month. There is no prepayment penalty generally. The loan limit is not specifically fixed. Loan fees vary between 0 percent and 6.5 percent.

You have up to 15 years to repay the loan. The cosigner may be released after having paid the first 24 consecutive payments of principal and interest. The payments should also be done on time. Repayment begins exactly 30 days after the disbursement of the loan. The minimum monthly payment is fixed at $30.

Unlike a federal student loan, tutorial financing loans are not federally sponsored or guaranteed. However, they are made by state or federally chartered financial institutions and are sold after full disbursement

If you want to get more details on various types of student loans, you navigate to the student loans directory on the site map. You can also apply for student loans through this portal.