foreign-education-loan

Looking for 100% funding for your abroad studies?

Pursuing an international degree in a foreign country comes with a hefty amount. Majority of students opt for overseas education loan to fund their international degree. There are various financial institutions in India that offers education loan but often have a certain loan margin attached with it. So, it becomes difficult for a study abroad aspirant to secure 100% funding for pursuing a degree overseas. In such circumstances, out of all financial institutions, NBFCs come to the rescue.

A Non-Banking Financial Corporation (NBFC) is an institution that is authorized to conduct transactions like that of a bank. It can lend education loans to the students with and without pledging security. There are four NBFCs in India namely, Auxilo, Avanse, Incred and Credila. These NBFCs borrow money from investors and lend it to aspiring students as a loan amount.

Although the rate of interest of NBFCs is higher as compared to that of banks, students who lack overseas education loan requirements for banks usually apply at NBFCs for funding their overseas education as it offers relaxed eligibility criteria.

In this article, you are going to know about the four flexible study loan eligibility criteria to apply for an education loan at NBFCs:

100% Funding:

For both secured overseas education loan and unsecured overseas education loan, NBFCs provide 100% funding for your pursuing an international degree unlike that of banks. A student or co-applicant is not required to pay any margin amount to the NBFCs. They offer education loans only for well-known universities and for job-oriented courses.

Loan amount:

For an unsecured loan, a student can get up to 45 lakhs as a loan amount for studying in the USA whereas for other countries he/she can avail loan up to 25 lakhs. For secured loans, there is no such limit for education loans. It totally depends on the market value of the property.

Acceptable Sponsorers:

Parents or siblings are counted as acceptable sponsorers for NBFCs. In the absence of these two, first blood relatives such as maternal uncle or aunt will be counted as sponsorer.

Income criteria for Sponsorers:

Sponsorers play a crucial role in securing an education loan. The eligible income criteria for securing a loan from NBFC is more than 6 lakhs per annum without any liabilities. In another case, even if the student is earning a healthy amount, he/she will not be eligible to become a sponsorer.

There are limited funding options for overseas education in case of looking for 100% finance. Although NBFCs are flexible with the eligibility criteria, the rate of interest of NBFCs is much higher as compared to that of banks. Hence, it is advisable to make an informed decision while choosing an overseas education loan option. For that, it is advisable to the students to do a thorough research. Speaking directly with the loan experts can be beneficial in such cases. We, at Elan Loans provide 360 degrees guidance and assistance for overseas education loan. If you pause anywhere during your NBFC education loan application procedure, feel free to reach out to us. Also, keep watching out this space as we consistently try to resolve the doubts of study abroad aspirants by posting on the related topic.

5 Ways of Paying for an MBA Degree in 2021

Students willing to build a business or work at a managerial level in a company pursue business administration programs. An average cost of an MBA degree from a reputed institute in India is around 15 lakhs and when it comes to pursing the same program from overseas, it costs somewhat around 35-45 lakhs, depending on the country.

Most quality students step back due to finances as an international degree comes with a heavy cost attached to it. But there are various ways like loan for higher education abroad, university and government scholarships, fellowships through which you can fund your MBA degree.

In this article, you are going to know about few of them. So, let’s begin.

Government Scholarships:

One of the ways through which you can fund your overseas education is through government scholarships and subsidy schemes. Along with an ample amount of government scholarships for studying abroad, there are various subsidy schemes as well. These are offered by the central and state government. You just need you apply for them and you are all sorted.

University Scholarships:

International Universities offers plenty of scholarships to attract some of the brightest minds across the world. If you hold a strong academic background or if you have scored excellent band in your IETLS/GMAT or TOEFL, you are all set to receive a good scholarship. You are just required to secure an admission in the university. Just search for ‘Foreign Universities Offering Scholarships’.

Student Prizes:

These are the one-time awards that are awarded for the student’s exceptional academic achievement. Along with the student prize, student’s are also awarded with a tag of the ‘Scholar’ for that year.

Private fellowships:

Multinational companies offer private fellowships to the limited number of Indian students to pursue their MBA program. Students having exceptional academic background are encouraged to apply for these fellowships. Since, these are awarded to a limited number of students, it is advisable to apply for the fellowships at the earliest.

Education Loans:

One of the most preferred option to fund an overseas education for most of the Indian students is via education loans. Banks, NBFCs and international lenders offer two types of education loans, Secured Education Loan and Unsecured Education Loan. Students should choose a suitable loan option according to their academic and financial criteria.

Apply study loan for abroad studies is a viable choice as there are multiple benefits attached to it. An MBA degree opens the door for the students in the corporate world that holds a significant impact on their professional growth and success. This degree is for those who wants to become an integral part of the business world. If you are also looking to set up your own business or work in a multi-national organization, research for popular scholarships to study overseas or for any suitable funding option and apply to as many options you can. Fund your MBA degree and fulfil your dream. For any queries related to study abroad or education loans, feel free to reach us

4 Lesser-Known Facts About Education Loan

Cost of education is increasing day by day, an engineering degree from IIT will cost around 6 lakhs whereas the same degree from a private institute will cost around 10 lakhs. And if the student is willing to pursue an international degree from overseas, it will go up to 40-50 lakhs. In order to finance the degree, students opt for education loan for higher studies abroad. One of the biggest advantages of an education loan is that the EMI begins only after the student starts working. But there are some lesser-known benefits of availing an education loan. In this article, let us know what those are.

Here are the 4 Lesser-Known facts of availing an Education Loan

Education loan covers everything: There is a misconception that education loan only covers tuition fees. However, that’s not the case. Education loan covers all the charges right from university tuition fees, air ticket fair, purchase cost of study materials to refundable college deposits. Education loan covers everything required to complete your international degree.

Parents can get tax benefits on education loan: As per the section 80E of Indian Constitution, parents of the applicant become eligible for availing tax benefits. This rebate in income tax can be used to pay off the interest while paying the EMIs.

No Pre-payment penalty: If the student is repaying the education loan amount before the stipulated time period, banks do not levy a penalty on the early closure of the loan amount provided a student must have continued the loan for a stipulated interval.

Loan gets cheaper when starts working overseas: If a student is pursuing an international degree overseas, there is a possibility of getting a job abroad that will pay them in foreign currency. In that case, the depreciating value of rupee works in the student’s favor making the loan amount easily repayable.

There are many misconceptions regarding the overseas education and the factors relating to it. We hope that we have cleared out some of those. Before applying for an overseas education loan, a student should do a comparative analysis of various lender companies depending on the factors like margin amount, ROI, processing fees etc. For any queries related to overseas education loan, do reach out to us

Here is what you need to know about Collateral Free Education Loan!

If you are a student who is looking forward to applying for an overseas education loan but are confused about which bank or institution to opt for. Relax as we have got you all covered. There are multiple ways through which you can fund your overseas education. Out of which, in this blog, we are going to talk about one of those i.e. Unsecured Overseas Education Loan that is also termed as Collateral Free Education Loan.

Let us understand the term Unsecured Overseas Education Loan

Unsecured Overseas Education Loan/ Non-Collateral Loan is a type of loan that is given by any private or nationalized bank without pleading any security.

Eligibility criteria to apply for Collateral Free Education Loan for abroad studies

We have listed below some of the common conditions that should be considered while applying for collateral free education loan.

Student should be applying for science, technology, engineering, or management (STEM) related courses for their higher education.
Student should have a good academic profile throughout with eligible IELTS/GRE and TOELF score.
Student should be less than 28 years of age.
Student’s parents’ income should be more than 35,000 excluding other expenses and liabilities.
Student’s parents’ CIBIL score should be above 700 with strong credit history.
Student should possess own house.

Collateral Free Education Loan is offered by:

This type of loan is offered by private banks, nationalized banks, and non-bank financial institutions (NBFC). Nationalized banks offer unsecured loans up to 7.5 lakhs as private banks and NBFCs offer loan amount up to 45 lakhs.

Rate of Interest provided by NBFCs and banks

Though the rate of interest offered by nationalized bank varies from one bank to another however the general rate of interest is 9.30% per annum.

For NBFCs, the rate of interest depends on the country that a candidate is planning to go to. ROI begins from 12% and it can go up to 14% per annum.

For private banks, the rate of interest is between 10-13% per annum.

What is the processing time of Collateral Free Education Loan?

For NBFCs, an average time taken is of 7-10 days whereas for nationalised banks, the processing time is unpredictable. For private banks, the time taken for the processing of loan is of three weeks.

An unsecured loan is much quicker and convenient as it does not involve the procedure of legal verification and property valuation.

Benefits of availing Collateral Free Education Loan

Other than being a hassle-free and a smooth process, Collateral Free Education Loan has multiple benefits. Read below to know.

This type of loan provides 100% funding option without providing any third-party guarantee.
Collateral Free Education Loan covers all your expenses.
There are no pre-closure charges after six months.
The amount is disbursed in the student’s or parents’ saving account once the loan is sanctioned.
Doorstep services are offered by the vendors.
Availing unsecured loan makes it easy to fulfil visa conditions.

Other factors to be considered while applying for an unsecured loan via NBFCs

NBFCs do not operate in smaller cities and conflicted areas like J&K and the North-East regions of India however for exceptional cases where student’s profile fits all criteria for an unsecured loan, NBFCs agree to approve an unsecured loan provided that someone who stays in one of the metro cities is ready to act as guarantor to the candidate. So, this was a brief information about Collateral Free Education Loan for abroad studies. We hope this will be helpful for you in choosing a viable funding option for your foreign education loan.

Disbursement of Living Expenses through GIC/Blocked Accounts: Explained

Availing Overseas Education Loan is a common practice amongst the study abroad aspirants. A lot of information is available on internet and all the other information sources but the disbursement of education loan for higher studies abroad is one of the lesser discussed aspects, which will be targeted in this article. The study abroad applicants face a lot of agony of not being able to understand the exact procedure regarding the disbursement of living expenses that is followed by NBFCs and government banks.

This disbursement of living expenses through study abroad loans are applicable to students who are planning to fund their higher studies with an education loan for studying in Canada and Germany. In these countries there are accounts known as GIC and Blocked Account which cater to the living expenses of the students.

GIC/Blocked Account are the accounts where the international students have to create in the designated international bank account. Once the study abroad loan is sanctioned under the student’s name, a particular amount that is defined by the abroad country government must be deposited in those account. Every month a stipulated amount would be released from that account to survive the month.

Procedure of Living Expense Disbursement through GIC/Blocked Account?

To deposit the entire year’s living expenses into a savings account, the students who plan to pursue their higher education in Germany and Canada these accounts are required. In Canada the savings account is referred to as a GIC (Guaranteed Investment Certificate) account and in Germany it is called as Blocked account.

Now, before commencing the student visa process, students who wish to study in Canada and Germany are required to open their GIC and blocked accounts respectively. To approve a pre-visa disbursement of the living expenses for this very purpose is one of the biggest hurdles faced by students from the lending banks. As of today, if it is a mandatory requirement for students to fulfil any financial obligations all government banks are required to approve this disbursement in order to get the student visas approved.

The Working of a Foreign Travel Card

In government banks such as the SBI, Bank of Baroda, etc. an FTC or a Foreign Travel Card is issued to students to withdraw their living expenses while studying abroad. The tuition fees and living expenses are two different components of an education loan for studies abroad which is a common knowledge.

The FTC is loaded with the living expenses. This makes it clear that that this card is issued to students for only one single reason – living expenses. As soon as the international students land in a foreign country it generally takes them a lot of time to open their own savings account. Hence, in order to make it easier, and save time in receiving the living expenses while studying abroad, the government banks issue the FTC before landing on the foreign land.

From the education loan for studies abroad account in India irrespective of the kinds of overseas education loan, the students can use this card to withdraw their living expenses for the first three months of their stay. They will be required to open a bank account, post this period. The living expenses will be transferred to their bank account abroad for the rest of their stay, once the details of this account are sent to their lending banks in India.

In order to approve of the disbursement of your living expenses, if your loan manager is asking for your student visa as proof, do keep in mind that this is not true. To transfer the required funds, all the government banks have an obligation.

This is all about the disbursement and pre visa disbursement for an overseas education loan. You can check for online loan application for abroad studies to avail a study abroad loan.

Education Loan Without Collateral For UK

How important is it to avail an overseas education loan for UK?

It is a well-known fact that the cost of studying in the U.K. is quite steep which eventually forces the students and parents have to dip into their savings in order to fund the higher education. At such a stage, when students are chasing their dream, it is always advisable to take an education loan for studying in the UK which will help reduce the fiNot Applicablencial burden. When planning to study in the U.K. through this blog, we will take a look at the different education loan options that Indian students may avail.

The options available for EducatioNot Applicablel Loans

Students have the option of availing two types of loans who are applying for an educatioNot Applicablel loan for studying an undergraduate program in the U.K. The 2 types of loans are Secured Loan or Loan with Security and Unsecured Loan or education loan for abroad studies without collateral.

The applicant has to attach collateral while applying for the loan in a secured education loan. The collateral that needs to be pledged must be any tangible or intangible assets such as immovable property, FDs etc.

An education loan in which the applicant does not have to attach any collateral is an unsecured loan.

Take a look at the various types of Education Loan for the UK.

EducatioNot Applicablel Loan Options – Without Collateral

Features	Public Banks	Private Banks	NBFCs
Example Lenders	State Bank of India Bank of Baroda	Axis Bank ICICI Bank	Avanse Incred HDFC Credila
Loan Amount (INR)	Do not offer unsecured loans more than INR 7.5L for the UK	Do not offer unsecured loans more than INR 7.5L for the UK	Upto INR 25 lacs
Interest Rate Range	NOT APPLICABLE	NOT APPLICABLE	13.5%-16%
Processing Fees (INR)	NOT APPLICABLE	NOT APPLICABLE	1.5-2% of Loan Amount
Payment During Study Period	NOT APPLICABLE	NOT APPLICABLE	Full EMI Repayment

Unsecured Overseas Education Loan Features

From every lender to lender, the features like repayment period, processing time, expenses covered, etc. vary. Have a look at them below:

Repayment Period:

Public Banks give ten to fifteen years to repay the loan while the Private Banks have a repayment period of up to 20 years.

Processing Time:

The shortest processing time is of the NBFCs. For the processing of an unsecured loan up to INR 25L, they take 4-5 days while to process a secured loan up to INR 50L they take upto 9-10 days. It takes more time for processing a secured loan as the lender needs more time to verify the documents related to the collateral.

Expenses Covered:

NBFCs cover 100% of the study expenses
PSBs cover 90%
Private banks cover 85% of the study-related expenses

Co-applicant’s Income Required:

NBFCs consider the co-applicant’s income even if it is less than 20K for loan without collateral. However, the income is not mandatory by any lender if students are taking a loan with collateral. Based on individual loan cases, the income requirement may differ.

Availing an unsecured loan is easy if you have the right guidance of whom to approach. You can check out for the online loan application for abroad studies and make your dream of studying in UK come true, without being a burden on anyone.

Good Luck!

Clarity on the Pledged Types of Collateral Security for a Foreign Education Loan

One of the best sources of financial aid for most Indian students who wish to study abroad is an education loan from any of the government banks in India borrowed against the property. An asset or property offered against a loan is called as a collateral which acts as a security to the bank. For mortgages and other secured loans, financial institutions require collateral for foreclosure, non-recourse loans, and repossession to make sure to recover the loan amount if the borrower stops making payments.

However, due to two factors many students often find it difficult to get their overseas education loan in time who apply from government bank. They are;

The processing time being slow for loan against property
Inadequate understanding about the collateral security that can be pledged

This article will target the 2^nd point and give clarity on the types of collateral security that can be pledged for study abroad loan.

After considering the value of collateral security pledged by borrowers most government banks in India calculate the final secured education loan amount which shows that the collateral security forms the very common requirements of study abroad loan process from any government bank. Read on to know the different types of collateral securities.

Types of Collateral Securities Pledged:

Immovable property and liquid security are the two major forms of collateral security accepted by the Indian Government Banks.

Immovable Property: – house, flat, commercial land, a plot, shop
Liquid Security: – fixed deposit, a life insurance policy purchased from any approved government provider, government bonds, etc.

Now that we have known the types of collaterals that can pledged as security, let us widen our knowledge on the types of properties which is acceptable by the Indian Government Banks.

Types of Immovable Properties

Although, immovable property is a widely accepted category of collateral security in government banks, borrowers cannot just pledge any property to avail education loan for abroad studies. Regarding what types of immovable properties are acceptable the banks have set certain mandates. The examples of accepted collateral properties by the government banks are as follows.

Urban Property within City Limits
• Mahanagar Palika Properties
• Nagar Palika Properties
• Nagar Parishad Properties
• Nagar Nigam Properties
• District or Taluka Level Properties
Improvement Trust Property with or without Lease
Nazul Property with Lease
Mhada Property
Gift Deed Property
Grand Parents’ Property /Inherited Property
House:
• Residential Properties
• Only Urban Properties – Houses which fall under the Municipal limits or is approved by the City Improvement/ Development Trust or Authority
Apartments
Open lands:
• Only commercial lands are accepted with a clear demarcation to define the boundaries
• Under any circumstances agricultural lands are not acceptable
• Some of the rural properties are also accepted by banks, if the nearest branch of Nationalized bank is authorized to sanction the loan
Commercial properties:
• Shops
• Industrial Lands *Both the above is accepted, provided no residential property falls within the commercial area
Not Accepted Types of Collateral Security
• Grampanchayat /Gramin Rural Property
• Agricultural Land
• Open Plot (Without Any Construction)
Important things to note here:
While applying for a secure loan with collateral it is vital to know that all the banks have different margins set for loan disbursement. 100% funding is generally not provided, and the tenure of the loan is for a minimum of 15 years.
In order to have a hassle-free education loan process, knowing the different property-related documents which students have to submit another important aspect of the secured education loan process which can be helpful to borrowers. You can keep following our page to gain information on the documents in the upcoming articles.
As far as the above-mentioned collateral property information is concerned, it is just an overview. You can get in touch with E’LAN to know more about the same and get complete guidance and assistance for the entire overseas education loan process.
Thank You!

Get a Scholarship by Indian Government to fulfill Study Abroad Dream

For many Indian students, studying in top international universities is a dream, but unfortunately, financial constraints can sometimes be a hindrance to such dreams. A simple sentence “Education is the most powerful weapon which you can use to change the world” by Nelson Mandela sums up the importance of education in the life of any individuals but nations as well. This is why, in order to not deny quality education due to lack of funds, many national and international bodies try to ensure that the talented students can fulfil their higher education with ease. Thus, to reduce the overall expenditure of international education, umpteen number of scholarships, bursaries and grants are a are given by the Indian Government.

Irrespective of the caste and creed the Government of India offers scholarships like Scheme of National Overseas Scholarship for ST Students, for SC Students, for all kind of minorities and majorities.

Some strategic planning and in-depth research can help you land the best of scholarships available for every kind of student. Below mentioned is the way the scholarships are majorly categorised as:

Merit-Basis
It depends on the student’s academic or extracurricular records

Student Specific
Students who qualify based on the below factors can apply to such scholarships.

Gender
Race
Religion
Family History
Medical History

Destination Specific
From a particular country several public authorities, governments or universities grant bursaries and funds to students, they fall under this category.

Subject-Specific
Students who plan to pursue a specific field of study, for them certain universities and institutions award grants.

Need Based
These scholarships are offered on the basis of student’s parent’s financial background where documents such as family income, tax statements, employment proofs, etc. are to be shown.

Athletic Scholarships
These scholarships are provided to top-notch sportsmen, who in return need to contribute with rigorous training and representing their university at events whilst balancing education.

Few of the Indian Government Scholarships for studying abroad is mentioned below. Read on to know the brief of it.

Erasmus Mundus Joint Master’s Degrees
Depending on the country, course and related tuition fees, the scholarship amount varies yet mostly covers course fees, travel, living expenses and insurance.

Fulbright-Nehru Master’s Fellowships
Covers tuition fee and living expenses along with related costs.

Fulbright-Kalam Climate Fellowship
This scholarship covers the following:

Monthly Stipend
J-1 Visa Support
Round-Trip Economy Class Air Travel
Accident and Sickness Program
Modest Settling Allowance

Great Wall Program
This being a full scholarship it covers

Tuition Fees
Accommodation
Comprehensive Medical Insurance
Stipend

Indian Government’s National Overseas Scholarship Scheme
This scholarship covers

Tuition Fees
Contingency Allowance
Maintenance
Travel Expenses

Aga Khan Foundation International Scholarship Programme
Under this scholarship, to take care of the tuition fees and living expenses, financial assistance is given to students.

Inlaks Scholarship
US$100,000 is the maximum amount of scholarship awarded.

GREAT Education Scholarships
Full tuition scholarships.

Apart from the above-mentioned list there are many more popular scholarships to study overseas which can be yours. Start researching about them and avail them!
Good Luck!

Why are Study Abroad Loans better than Self-funding?

Concerned about the sky-high tuition fees while planning for higher studies abroad? Well, in this case student loans for studying abroad would be the best option for you.

Read on to know the reason why study abroad loan is better in all the aspects while foreign education is on your mind.

The main benefits are as follows:

Savings stay Safe –

All your savings such as MFs, FDs, ULIPs, retirement savings, etc. are protected and can be used to meet other expenses by taking a student education loan. Moreover, if you are a good investor, you can pay interest to the lender by investing your money which will get you high return. In case the program gets prolonged due to unforeseen events you can use the savings to safeguard your education in future.

Benefits of Income Tax –

By opting education loan this is one of the most important benefits. Students who take an overseas education loan from a gazetted financial institution, under Section 80E of the Income Tax Act of India, they are eligible for deductions on the interest paid on the student education loan thus reducing the rate of interest to be paid. There is no upper limit on the amount to be claimed and they can avail this deduction for up to 8 consecutive years.

Credit Score Building –

A student can build his/her credit history through the overseas education loan. A strong credit history which acts as an advantage for the future fund needs can be gained by timely repayment and compliance with the terms of education loan repayment.

Moratorium Period Benefit –

In one of the kinds of overseas education loans – Secured Loans, repayment begins after the moratorium period (Degree Completion Period + Job Search Period). During the students’ study years instead of paying off their debts, this gives the students a chance to fully focus on their education.

Approval of Visa is Easy –

For almost all the visa authorities of nearly all the countries are concerned about the reliability of the funding source to ensure that the flow of funds remains steady. As the regular flow of funds is assured and government banks are reliable, at such a stage, student loans, especially from public sector banks help a student get easy approval for their visa.

Large Funds can be arranged Upfront –

Students require to show proof of funds for the entire intended duration or 1 year of their stay in many countries such as Germany, Canada, Australia, etc, for which they have to pay the complete amount upfront, which burdens the pocket. In such cases, to bear the entire amount and to disburse it directly to the university is when the education loans helps.

Unexpected Expenses’ Safeguard –

In cases where students are hit by unexpected expenses, they who self-fund their education have to bear the additional expenses and arrange for extra funds. Students who take a student loan for abroad can request the bank to disburse the additional amount and thus do not have to worry about unexpected expenses.

Isn’t this great?

Check out for the online loan application for abroad studies immediately and avail loan as per your requirement to have a hassle-free study abroad experience.

Good Luck!

A Brief about Statement of Expense for Study Abroad Loan

Over the years, education loans became the foremost reliable supply of funding teaching overseas. There has been associate exponential rise within the variety of Indian students choosing studies abroad in the past 20 years despite its significant price. There are infinite banks and different money establishments within the market providing education loan. several oldsters aren’t aware of the country-specific money needs nor that financial establishments to approach. it’s not terribly simple to make a decision that money institute may be a higher choice as there are minute variations in every of them.

Well, 1^st step is to fulfil the requirements of the loan, which are stated briefly below.

Credit Score
Documents Checklist based on the University
Students Document Checklist
Parent’s/Sponsor’s Documents Checklist
Collateral Security Documents Checklist

Now, before applying for an education loan, a student should have an estimated expense value in mind. You may seek the assistance of an experienced loan advisor for this purpose.

Statement of Expense

A written breakup of the education expense is necessary to be displayed at the bank. The document should comprise of tuition fees for entire duration for course, living expenses, study material expenses and the airfare. Do not mislead bank with any fake information. Display the cost of books as mentioned in the offer letter, only.

In addition to the statement of expense sheet, a few supplementary documents should be submitted as well.

An offer of place letter or letter of acceptance is other words.
A copy of air ticket if confirmed or an estimated cost of ticket.
If you have taken laptop for coursework, then a quotation from the vendor is also necessary.

Congratulations! Now you may submit all the documents in the bank with your application for overseas education loan. You can try online loan application for abroad studies as well to gain more information and to do transactions as well.

What other documents you may require to submit in the bank?

In most cases, parents sponsor the education loan. Whether unsecured or secured, the sponsors should file an Income Tax Return and display last 2 ITR at the lender. If you’re borrowing unsecured education loan, then rental and agricultural income is not considered.
Any financial institution validates whether you’re a citizen of India or not at the first hand. So, the applicant should provide proof of citizenship like the passport and Aadhaar card.
Banks consider students who have secured at least 50% in their higher secondary and/or graduation period. Therefore, academic marksheets and certificates are also asked.
For pursuing a post-graduate diploma course, be prepared to invest INR 15 to 20 lakhs. A postgraduation programme may cost you INR 35 to 45 lakhs. If you are looking for an under-graduation programme abroad, then it might cost you between 75 lakhs to a crore.

Your application for overseas education loan is just a step away with loan advisors and abroad education consultants.

Hope you found our article useful!