Want to study overseas? Opt for Abroad Study Loan

1. The number of students flying overseas to pursue dream studies is increasing day by day. It’s a common sight to see students attending seminar or expos being accompanied by parents to find a dream course and secure their admission as quick as possible abroad. However, other than the admission it’s the huge sum that would be a cause of big stress for these parents and students. In today’s time, educational costs are skyrocketing high and it’s nearly impossible to fund the higher studies overseas on your own. The tuition and exam fee, accommodation charges, travel ticket expense, visa fee, and other expenses make them completely tensed with the situation. Although parents might plan to break the retirement funds or sell off their property, it won’t provide a guaranteed solution. In such a scenario, the ideal financial tool would be abroad study loan. Want to study overseas? Opt for Abroad Study Loan

2. Abroad Study Loan covers 100% education finance which includes your admission fee, college or institute fee, examination fee, library fee, or laboratory fee, hostel and mess charge, books and equipment charges, caution deposit, refundable deposit, educational tours, project funding, and thesis work. With study abroad loans, you can pursue your dream course in some of the popular destinations such as UK, USA, Canada, Australia, New Zealand, France, Ireland and more. When you fly abroad, you have to show sufficient proof of funds in your bank account failing which you won’t be able to study overseas. Therefore, many private finance companies introduce customized solutions such as - pre-admission loan, Pre Visa Disbursement loan, score based products, 100% funding for meritorious students, wider course and country coverage, bridge up loan, etc.

3. The quantum of Education Loan, documentation will vary across private finance companies or banks. Government banks demand margin money of 15% to 20% to sanction the loan, but private finance companies give 100% education finance. Top private lenders provide collateral free loan up to Rs 40 lakhs with instant one-day loan sanction. Strong academic records, confirmed admission letter and good CIBIL score of the co-borrower is all it takes to get quick loan sanction. The most amazing part of study abroad loan is that you don’t have to repay the money from day one. Instead, you can start repaying after six months to one year of the course completion. It is termed as moratorium period. The interest rates of study abroad loan depend on whether you’re studying in India or abroad, the course that you’re applying for, the loan amount and tenure. Students getting admission in highly rated foreign universities or institutes are offered loans with low-interest rates. Special concession of 0.5% is offered to women applicants on the lending rates.

4. It’s advisable the time that you get while preparing for the entrance exam should be utilized for comparing quotes. It will help you make an informed decision, and you can have better savings. If you’re existing study abroad loan is proving expensive on your wallets you can opt for a balance transfer. Top private finance companies will help you figure out a customized loan solution. Empower your educational dreams. Excel ahead with innovative abroad study loans! Related Article: 4 Brilliant Points about Education Loans without Collateral

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