"/>

Education Loan

The number of students opting for higher education abroad has increased exponentially in the past two decades. Also, there is a drastic increase in the number of students opting for overseas & India education loan due to increase in the expenses of quality education abroad. Today there are numerous lenders offering loans to students.

Education loan for India is also available for students wanting to study in Indian colleges. There is, however, some difference in the requirements for overseas and Indian education loans. In general, when applying for a study loan, you must keep in mind the following criteria:

  • A co-applicant is a must ( could be parents, a sibling or a spouse )
  • For loans between Rs 4 – 7.5 lacs a third party guarantor is required
  • Collateral needs to be provided for student loans above Rs 7.5 lacs
  • Loan repayment commences 6 to 12 months after course completion
  • If a student goes abroad, lender recovers the remainder from co-applicant

Lenders have their own criteria developed for the upper limit of the loan, the interest rate to be charged and the period and mode of repayment.

Lenders usually have some pre-approved courses and institutions and usually sanction education loans on the basis of the quality of the institution, relevance of the course to career options, credit worthiness of the guarantor or co-applicant.

For those applying for education loan for India, lenders will look for AICTE or UGC approval

Education loan for abroad or for India usually cover (inter-alia)

  • Tuition fees
  • Charges for examination, library, laboratory and hostel
  • Cost of purchasing books, equipment, instruments and uniform
  • Travel expenses for study abroad
  • Caution money, refundable deposit, etc.
  • Study tours, exchange programs and project work

Documents Required:

Study Abroad

  • Mark sheet for last qualifying examination for school and graduate studies in India
  • Proof of admission to the course
  • Schedule of expenses for the course
  • Copy of letter confirming scholarship, if any
  • Copy of Foreign Exchange permit ( if available)
  • Two passport size photographs
  • Statement of borrowers bank account for last six months
  • Income Tax assessment order not older than two years
  • Brief statement of Borrowers Assets and Liabilities
  • If not a customer of the lending bank provide proof of identity and residence

Study in India

  • SSC,HSC or Graduation mark sheets whatever is applicable
  • KYC
  • Age Proof
  • Signature Proof
  • Identity Proof
  • Residence Proof
  • Application Form and Photographs
  • Income Documents of parents/guardian
  • Collaterals in the form of FDs / Immovable Property

Overseas Education Loan: How LN Consultancy Can Help

If you are a student from India aspiring to study abroad or in a good Indian university, you can make the process easier by choosing to apply through LN Consultancy. We have been providing high quality education consultancy service to Indian students for decades. LN Consultancy have been helping thousands of students each year to identify the right studying opportunities abroad.

Backed by a team of qualified and dedicated staff, LN Consultancy offer valuable advice to clients and help them find the right university and study opportunities in countries like Canada, US, Australia, UK, New Zealand and more. Contact us today for more information on education loan for India and overseas education loan!

KINDLY NOTE :
A student can take a average amount of 60 lakhs for studies abroad.

We Assist for Education loan for your higher study through :

  • Bank of India
  • Indian Overseas Bank
  • Uco Bank
  • SBI
  • Bank of Baroda
  • Hdfc – Credila 

 

 

 

abroad education consultants in jaipur, abroad study consultants in jaipur, overseas study consultants in jaipur, abroad admission consultants in jaipur, overseas admission consultants in jaipur, india admission consultants in jaipur, india education consultants in jaipur, overseas education consultants in jaipur, uk_usa_canada_australia_new zealand_singapore_europe_france_germany_ireland education consultants in jaipur, uk_usa_canada_australia_new zealand_singapore_europe_france_germany_ireland study consultants in jaipur, free ielts and english speaking classes in jaipur, foreign education consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india , best_all_top abroad and overseas education_study consultancy in jaipur_rajasthan_india, australia education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, uk education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, new zealand education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, singapore education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, malaysia education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, europe education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, ireland education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, france education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, usa education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, canada education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, free abroad education_study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, education consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, study consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india, admission consultants in jaipur_rajasthan_ajmer_kota_jodhpur_bikaner_sikar_alwar_india,
Translate »