Students who aim to pursue their higher education abroad have to clear two main hurdles- firstly, pull out all the stops to make it through the college admissions, and arrange funds to finance their sky-high tuition fees. Students may seek an education loan to support the cost of study overseas. Depending on this, the first thought which would spring in the applicant’s mind is- what is the requirement, eligibility criteria, interest rate, sanction time etc. If you are going through the same, read this article till the end. This article aims to give clear insights on education loans for study abroad and how Vidyalaons will help you get an education loan in India for your studies abroad.
There are basically two types of overseas education loan:
Students who have applied for an education loan or are willing to take a loan must envisage the eligibility criteria and should qualify for the same. Eligibility criteria may differ from bank to bank. However, few common criteria set by the financial institutions are:
One of the prime eligibility conditions for most of the banks is the course/program a student opts for. A wide range of courses is applicable while taking an education loan for study abroad. A student must pursue a course which leads to future employment or income generation. These courses can either be STEM courses (Science, Technology, Engineering, Mathematics) or Non-STEM courses like Public Policy, Aviation, etc. Read this article to know all the courses eligible for an education loan.
Basic Property related documents
There are other few mandated documents set by the banks which are demanded on an immediate basis. Failure to provide the documents on time may lead to rejection of loan application. Therefore, it is suggested to connect with our team at Vidyaloans. Our processing officers will update you with the latest checklist and the state-specific required documents also.
Note: VidyaLoans is an organization which helps Indian students to secure a non-collateral loan from Government banks up to 10 Lakhs for abroad studies. To connect with our team, fill the education loan application form with all the required details and our team will reach you soon.
Banks follow strict guidelines while assessing the profile of the candidate. Few parameters which will help you improve your overseas education loan eligibility are:
Step 1: Visit the official website of VidyaLoans ( https://www.vidyaloans.com/ )
Step 2: Click on the apply button
Step 3: Soon as you click on the apply button, it will take you to speak to the loan officer section.
Step 4: Fill in all the required fields.
Step 5: When done filling all the required information, click on I agree button
Step 6: Click on submit button to apply for an education loan.
Congratulations!!! You’ve applied for an education loan. Your processing officer from Vidyaloans will connect with you soon.
Note: At VidyaLoans we bridge the gap between the student and the bank. Our team at VidyaLoans has never failed to resolve the issues faced by the students in the required time frame. Our team closely checks with multiple Government banks and keeps a close watch on your loan application status. Vidyaloans will come to your rescue if you are facing any trouble with your education loan process. Connect with our team to know all the available services and experience a hassle-free experience with Vidyaloans.
About the organization-VidyaLoans is an organization which helps Indian students in India to secure a non-collateral loan from Government banks up to 7.5 Lakhs. We have a dedicated team of professionals who assist students with queries and guide them throughout the loan process. Our Team at Vidyaloans is committed to sanction the best loan option suiting the applicant's profile and needs, in a stipulated time frame.