Studying abroad is an expensive thing. The cost factor involved is quite higher compared to studies in India. • Therefore, a proper planning is required to ensure that adequate funds are available when needed during your studies abroad. • Secondly, when you apply for student visa, it is mandatory that you need to show sufficient funds in your bank account to get admission in top notch foreign universities. • Most of the times parents and student who are unable to arrange sufficient finances often decide to scrap the plan of further studies abroad.
But today government of India has taken concrete steps for providing better education facilities to the youth of our nation. • In order to make sure that no student is denied of pursuing higher education, various banks and private finance firms in India have come up with state-of-the-art facilities for study loan overseas scheme. • So bank a suitable opportunity now and create own your world of successes by pursuing good and quality higher education in India or abroad. • Government banks demand for margin money of around 15-20% of the loan amount to approve study loan overseas.
While sanctioning overseas education loan banks or private firms prefer students falling in the age group of 16-26 or certain fixed age range. • Another major criterion that they look in a student before offering a loan for abroad studies is considering his or her academic records. • A student who has secured first class throughout his or her academic life and has never taken a break in education is considered eligible for student loans. • Education loan overseas have come as a boon for millions of aspiring students across India who wish to seek their career abroad. • These are the wings that will ultimately help them fly high in the sky of successes through better job facilities and good individual & family growth in life.
Click to know more on Education Loan: http://www.idbi.com/education-loan.asp Thank You