{"id":15842,"date":"2024-10-28T11:11:12","date_gmt":"2024-10-28T05:41:12","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=15842"},"modified":"2024-10-28T11:11:14","modified_gmt":"2024-10-28T05:41:14","slug":"loans-to-pay-student-loans","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/","title":{"rendered":"Loans to Pay Student Loans: Features, Best Banks, Eligibility"},"content":{"rendered":"\n<p>Loans to pay students can be taken from any public or private bank. In other words, it can be called loan consolidation also as you are closing existing debts with a fresh loan. Suppose you are working or have additional funds. In that case, you can pay your education loan without any extra charges as most banks do not take any early repayment charges for education loans. If you want loans to pay student loans you can apply for a personal loan from any bank or financial institution.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-what-are-loans-to-pay-student-loans\" data-level=\"2\">What are Loans to Pay Student Loans?<\/a><\/li><li><a href=\"#h-best-banks-for-loans-to-pay-student-loans\" data-level=\"2\">Best Banks for Loans to Pay Student Loans<\/a><\/li><li><a href=\"#h-eligibility-criteria\" data-level=\"2\">Eligibility Criteria<\/a><\/li><li><a href=\"#h-documents-required\" data-level=\"2\">Documents Required<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-loans-to-pay-student-loans\"><span id=\"what-are-loans-to-pay-student-loans\">What are Loans to Pay Student Loans?<\/span><\/h2>\n\n\n\n<p>Loans to pay off student loans allow borrowers to combine existing education loans into a single new loan with lower interest rates or better repayment terms. This is also called student loan refinancing or consolidation loans. <a href=\"https:\/\/fly.finance\/blog\/education-loan\/understanding-student-loan-consolidation\/\"><strong>Student loan consolidation<\/strong><\/a> can help reduce monthly payments or extend the repayment period. It&#8217;s a popular option for students looking to manage multiple loans or improve cash flow after completing the course.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check here all major details on <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-loan-top-up\/\"><strong>SBI Education Loan Top Up<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-best-banks-for-loans-to-pay-student-loans\"><span id=\"best-banks-for-loans-to-pay-student-loans\">Best Banks for Loans to Pay Student Loans<\/span><\/h2>\n\n\n\n<p>There are a lot of banks in India that provide loans for debt consolidation. The bank will provide a personal loan, whether it is an education loan, credit card bills or any other type of loan debt. Check some of the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/best-student-loan-consolidation-banks\/\"><strong>best student loan consolidation banks<\/strong><\/a> and their features for loans to pay student loans below:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>State Bank of India (SBI)<\/td><td>Pre-approved personal loan of up to INR 35 lakh<br>Salaried or self-employed individuals can apply<br>Interest rate starts from 11.45%<\/td><\/tr><tr><td>ICICI Bank<\/td><td>Personal loan of up to INR 50 lakh<br>Zero foreclosure charges after payment of 12 EMIs<br>Interest rate starting from 12.85%<\/td><\/tr><tr><td>HDFC Bank<\/td><td>Personal loans up to INR 40 lakh with instant disbursal<br>Interest rate ranges from 10.85% to 24.00%<br>No documents are required for pre-approved personal Loan<\/td><\/tr><tr><td>Canara Bank<\/td><td>Loans up to INR 20 lakh with zero processing charges<br>No foreclosure charges<br>Interest rates range between 9% to 14%<\/td><\/tr><tr><td>Axis Bank<\/td><td>Pre-approved personal loans of up to INR 40 lakhRepayment period of up to 84 months<br>Interest rate starting from 11.25%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria\"><span id=\"eligibility-criteria\">Eligibility Criteria<\/span><\/h2>\n\n\n\n<p>The eligibility criteria for a personal loan for debt consolidation depends upon two major things: (a) the income of the applicant and (b) Credit score. Apart from these two factors, the bank considers the debt-to-income ratio, repayment behaviour, financial stability etc. Check some of the essential eligibility criteria for loans to pay student loans below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A strong credit score is essential, as lenders use it to assess creditworthiness.<\/li>\n\n\n\n<li>A stable income source or proof of future earning potential is often required to show repayment ability.<\/li>\n\n\n\n<li>The applicants must have a low debt-to-income ratio, usually 10-20% of the net monthly income.<\/li>\n\n\n\n<li>Some lenders only offer refinancing for graduates of certain degree programs or accredited institutions.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check here all about <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/how-to-secure-a-good-education-loan-at-a-low-interest-rate\/\"><strong>How to Secure Education Loan at low interest rates<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required\"><span id=\"documents-required\">Documents Required<\/span><\/h2>\n\n\n\n<p>The bank verifies the documents before sanctioning the loan. You need to submit financial, academic and KYC documents to the bank. For a personal loan for debt consolidation, the bank analyses documents and determines the loan amount based on the same. Check below the list of documents below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Aadhaar card or PAN card<\/li>\n\n\n\n<li>Last 6 months&#8217; bank statements<\/li>\n\n\n\n<li>Last 3 months&#8217; salary slips<\/li>\n\n\n\n<li>Passport-sized photo<\/li>\n\n\n\n<li>Employment details<\/li>\n<\/ul>\n\n\n\n<p>Loans to pay student loans can be helpful as they can reduce the overall cost of existing loans and it will also provide financial relief. Compare the loan offers from different banks before applying. Check some FAQs based on loans to pay student loans below:&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1730093784246\"><strong class=\"schema-faq-question\">What are loans to pay student loans?<\/strong> <p class=\"schema-faq-answer\">Loans to pay student loans are used to combine multiple existing student loans into one. This type of loan offers lower interest rates or extended repayment terms.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1730093799309\"><strong class=\"schema-faq-question\">Which banks in India offer loans for paying off student loans?<\/strong> <p class=\"schema-faq-answer\">Several Indian banks offer personal loans for debt consolidation. Some of the best banks are SBI, ICICI Bank, HDFC Bank, Canara Bank, and Axis Bank. These banks provide flexible options with loan amounts ranging from INR 20 lakh to INR 50 lakh.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1730093822819\"><strong class=\"schema-faq-question\">What is the eligibility for a loan to pay off student loans?<\/strong> <p class=\"schema-faq-answer\">Eligibility for loans to pay student loans depends on the applicant&#8217;s credit score, income stability, and debt-to-income ratio.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1730093830559\"><strong class=\"schema-faq-question\">What documents are required to apply for a loan to pay student loans?<\/strong> <p class=\"schema-faq-answer\">Some major documents that you need to submit are KYC documents like Aadhaar or PAN cards, recent bank statements, three months of salary slips, passport-sized photographs, and employment details.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1730093837557\"><strong class=\"schema-faq-question\">Are there any prepayment charges for loans to pay student loans?<\/strong> <p class=\"schema-faq-answer\">Most banks do not charge fees for early repayment on education loan refinancing or personal loans for debt consolidation.<\/p> <\/div> <\/div>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, <a href=\"https:\/\/fly.finance\/forex\"><strong>forex<\/strong><\/a> and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/scholarships\/phd-funding-in-france\/\"><strong>PhD Funding in France for International Students<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/sbi-zero-balance-account\/\"><strong>SBI Zero Balance Account: Features, Interest, Documents, Eligibility<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/scholarships\/fully-funded-scholarship-in-canada\/\"><strong>Best Fully Funded Scholarships in Canada<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/sbi-student-account\/\"><strong>Student Account in SBI Bank: Eligibility, How to Apply &amp; Documents<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/scholarships\/non-government-scholarships-in-canada\/\"><strong>Non-Government Scholarships for International Students in Canada<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/scholarships\/how-to-prepare-for-international-scholarships\/\"><strong>How to Prepare for International Scholarships to Study Abroad?<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/best-banks-in-ireland-for-international-students\/\"><strong>Best Banks in Ireland for International Students<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/germany-blocked-accounts-for-international-students\/\"><strong>Germany Blocked Accounts for International Students<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/faqs-on-international-bank-account-for-students\/\"><strong>FAQs on International Bank Account for Students<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/scholarships\/top-international-scholarships-to-study-in-ireland\/\"><strong>Top International Scholarships to Study in Ireland<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 s-0.009,2.688-0.052,3.637c-0.04,0.877-0.187,1.354-0.31,1.671c-0.163,0.42-0.358,0.72-0.673,1.035 c-0.315,0.315-0.615,0.51-1.035,0.673c-0.317,0.123-0.794,0.27-1.671,0.31c-0.949,0.043-1.233,0.052-3.637,0.052 s-2.688-0.009-3.637-0.052c-0.877-0.04-1.354-0.187-1.671-0.31c-0.42-0.163-0.72-0.358-1.035-0.673 c-0.315-0.315-0.51-0.615-0.673-1.035c-0.123-0.317-0.27-0.794-0.31-1.671C4.631,14.688,4.622,14.403,4.622,12 s0.009-2.688,0.052-3.637c0.04-0.877,0.187-1.354,0.31-1.671c0.163-0.42,0.358-0.72,0.673-1.035 c0.315-0.315,0.615-0.51,1.035-0.673c0.317-0.123,0.794-0.27,1.671-0.31C9.312,4.631,9.597,4.622,12,4.622 M12,3 C9.556,3,9.249,3.01,8.289,3.054C7.331,3.098,6.677,3.25,6.105,3.472C5.513,3.702,5.011,4.01,4.511,4.511 c-0.5,0.5-0.808,1.002-1.038,1.594C3.25,6.677,3.098,7.331,3.054,8.289C3.01,9.249,3,9.556,3,12c0,2.444,0.01,2.751,0.054,3.711 c0.044,0.958,0.196,1.612,0.418,2.185c0.23,0.592,0.538,1.094,1.038,1.594c0.5,0.5,1.002,0.808,1.594,1.038 c0.572,0.222,1.227,0.375,2.185,0.418C9.249,20.99,9.556,21,12,21s2.751-0.01,3.711-0.054c0.958-0.044,1.612-0.196,2.185-0.418 c0.592-0.23,1.094-0.538,1.594-1.038c0.5-0.5,0.808-1.002,1.038-1.594c0.222-0.572,0.375-1.227,0.418-2.185 C20.99,14.751,21,14.444,21,12s-0.01-2.751-0.054-3.711c-0.044-0.958-0.196-1.612-0.418-2.185c-0.23-0.592-0.538-1.094-1.038-1.594 c-0.5-0.5-1.002-0.808-1.594-1.038c-0.572-0.222-1.227-0.375-2.185-0.418C14.751,3.01,14.444,3,12,3L12,3z M12,7.378 c-2.552,0-4.622,2.069-4.622,4.622S9.448,16.622,12,16.622s4.622-2.069,4.622-4.622S14.552,7.378,12,7.378z M12,15 c-1.657,0-3-1.343-3-3s1.343-3,3-3s3,1.343,3,3S13.657,15,12,15z M16.804,6.116c-0.596,0-1.08,0.484-1.08,1.08 s0.484,1.08,1.08,1.08c0.596,0,1.08-0.484,1.08-1.08S17.401,6.116,16.804,6.116z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Instagram<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/company\/flyfinance\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-twitter  wp-block-social-link\"><a href=\"https:\/\/twitter.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-facebook  wp-block-social-link\"><a href=\"https:\/\/www.facebook.com\/Flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 2C6.5 2 2 6.5 2 12c0 5 3.7 9.1 8.4 9.9v-7H7.9V12h2.5V9.8c0-2.5 1.5-3.9 3.8-3.9 1.1 0 2.2.2 2.2.2v2.5h-1.3c-1.2 0-1.6.8-1.6 1.6V12h2.8l-.4 2.9h-2.3v7C18.3 21.1 22 17 22 12c0-5.5-4.5-10-10-10z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Facebook<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Loans to pay students can be taken from any public or private bank. In other words, it can be called loan consolidation also as you are closing existing debts with a fresh loan. Suppose you are working or have additional funds. In that case, you can pay your education loan without any extra charges as &#8230; <a title=\"Loans to Pay Student Loans: Features, Best Banks, Eligibility\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/\" aria-label=\"Read more about Loans to Pay Student Loans: Features, Best Banks, Eligibility\">Read more<\/a><\/p>\n","protected":false},"author":24,"featured_media":15845,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-15842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Loans to Pay Student Loans: Features, Best Banks, Eligibility<\/title>\n<meta name=\"description\" content=\"This blog includes the details about the Loans to Pay Student Loans. To know more about this topic read the blog.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loans to Pay Student Loans: Features, Best Banks, Eligibility\" \/>\n<meta property=\"og:description\" content=\"This blog includes the details about the Loans to Pay Student Loans. To know more about this topic read the blog.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-28T05:41:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-28T05:41:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.fly.finance\/uploads\/2024\/10\/Loans-to-Pay-Student-Loans.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Shekhar Suman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shekhar Suman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Loans to Pay Student Loans: Features, Best Banks, Eligibility","description":"This blog includes the details about the Loans to Pay Student Loans. To know more about this topic read the blog.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/","og_locale":"en_US","og_type":"article","og_title":"Loans to Pay Student Loans: Features, Best Banks, Eligibility","og_description":"This blog includes the details about the Loans to Pay Student Loans. To know more about this topic read the blog.","og_url":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/","og_site_name":"Fly Finance","article_published_time":"2024-10-28T05:41:12+00:00","article_modified_time":"2024-10-28T05:41:14+00:00","og_image":[{"width":1024,"height":640,"url":"https:\/\/flyblog.fly.finance\/uploads\/2024\/10\/Loans-to-Pay-Student-Loans.webp","type":"image\/webp"}],"author":"Shekhar Suman","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shekhar Suman","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/"},"author":{"name":"Shekhar Suman","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/fed86910ad7a5396db3f509f7f6f2e48"},"headline":"Loans to Pay Student Loans: Features, Best Banks, Eligibility","datePublished":"2024-10-28T05:41:12+00:00","dateModified":"2024-10-28T05:41:14+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/"},"wordCount":923,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/uploads\/2024\/10\/Loans-to-Pay-Student-Loans.webp","articleSection":["Education Loan"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/","url":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/","name":"Loans to Pay Student Loans: Features, Best Banks, Eligibility","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/uploads\/2024\/10\/Loans-to-Pay-Student-Loans.webp","datePublished":"2024-10-28T05:41:12+00:00","dateModified":"2024-10-28T05:41:14+00:00","description":"This blog includes the details about the Loans to Pay Student Loans. To know more about this topic read the blog.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093784246"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093799309"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093822819"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093830559"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093837557"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/uploads\/2024\/10\/Loans-to-Pay-Student-Loans.webp","contentUrl":"https:\/\/flyblog.fly.finance\/uploads\/2024\/10\/Loans-to-Pay-Student-Loans.webp","width":1024,"height":640,"caption":"Loans to Pay Student Loans"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"Education Loan","item":"https:\/\/fly.finance\/blog\/category\/education-loan\/"},{"@type":"ListItem","position":3,"name":"Loans to Pay Student Loans: Features, Best Banks, Eligibility"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/fed86910ad7a5396db3f509f7f6f2e48","name":"Shekhar Suman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f364ae9617b8586195ccc6e5aff93f87f3a2072d38861c2f686c4a2a55b25de5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f364ae9617b8586195ccc6e5aff93f87f3a2072d38861c2f686c4a2a55b25de5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f364ae9617b8586195ccc6e5aff93f87f3a2072d38861c2f686c4a2a55b25de5?s=96&d=mm&r=g","caption":"Shekhar Suman"},"description":"Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.","sameAs":["https:\/\/in.linkedin.com\/in\/thahankmoody","https:\/\/www.tumblr.com\/blog\/dhanlabh"],"url":"https:\/\/fly.finance\/blog\/author\/shekhar\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093784246","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093784246","name":"What are loans to pay student loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Loans to pay student loans are used to combine multiple existing student loans into one. This type of loan offers lower interest rates or extended repayment terms.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093799309","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093799309","name":"Which banks in India offer loans for paying off student loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Several Indian banks offer personal loans for debt consolidation. Some of the best banks are SBI, ICICI Bank, HDFC Bank, Canara Bank, and Axis Bank. These banks provide flexible options with loan amounts ranging from INR 20 lakh to INR 50 lakh.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093822819","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093822819","name":"What is the eligibility for a loan to pay off student loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Eligibility for loans to pay student loans depends on the applicant's credit score, income stability, and debt-to-income ratio.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093830559","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093830559","name":"What documents are required to apply for a loan to pay student loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Some major documents that you need to submit are KYC documents like Aadhaar or PAN cards, recent bank statements, three months of salary slips, passport-sized photographs, and employment details.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093837557","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/loans-to-pay-student-loans\/#faq-question-1730093837557","name":"Are there any prepayment charges for loans to pay student loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Most banks do not charge fees for early repayment on education loan refinancing or personal loans for debt consolidation.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/15842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=15842"}],"version-history":[{"count":2,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/15842\/revisions"}],"predecessor-version":[{"id":15844,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/15842\/revisions\/15844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/15845"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=15842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=15842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=15842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}