Study loan Abroad

How to secure education finance for studies abroad?

It was one of the happiest and proudest moments for Gandhi family as their daughter had secured a merit score in college.

Their house was filled with happiness and joy. When asked about her future agenda she was determined to complete her MBA in finance from Canada.

However, just a day odd while I was returning home after work I could see Mr. Paresh Gandhi sitting on the chair placed outside the house in slightly tensed mood.

For a moment I made him realized with the rising inflation costs, higher lifestyle expectation, costly educational fees and with the limited source of income it would be impossible for you to arrange for her education finance this way, especially in case of higher studies abroad.

Therefore, I introduced him with the concept of study loan abroad offered by various banks and private finance firms in India. Study loan for higher studies like MBA, doctorate, engineering or other technical course etc.

Studying abroad helps students’ grove their personality, collect infinite memories, create new ideas and build enriching experiences.

But funding overseas education is always a difficult task for any student.

For foreign studies it is important you have sufficient balance in your account as 'proof of funds' to cover your course fees and living expenses abroad.

Therefore, many private finance firms have come up with unique and friendly solution for customers such as Pre-Visa Disbursement Loan, Pre-Admission Loan, Certificate of Availability of Funds, GRE score based loan, Bridge loan, fast track loan etc.

While government banks demand for margin money of around 15-20% of the loan amount to approve study loan overseas, some private finance firms give foreign study loan at no margin money costs.

You get 100% finance for your study loan abroad. Besides 100% tuition fee, the loan amount also covers other expenses such as living expenses, funds for purchasing books and computers, travel expenses, and other expenses related to studying abroad.

With attractive interest rates as low as 12.75%, these loans come at very low processing fee of around 1-2% of the loan amount being calculated on a case-to-case basis.

When it comes to repayment banks or private firms understand your concerns and come up with flexible payment options such as EMI payment course, Interest servicing during course & partial interest servicing during course.

You can check the most appropriate option and then decide the repayment as per your flexibility. However, repayment is also one of the important part of study loan abroad finance and you need to clear the debt associated with your loan.

As this is the best helping hand that you get during your rainy days of searching finances for your higher studies.

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