Salient Features of Institutions Granting Overseas Education Loans

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Salient Features of Institutions Granting
Overseas Education Loans
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• Margin money
• Post Application Waiting Time
• Collateral Requirement
• Pre-Visa Disbursal
• Country-specific Requirements

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Margin money

• Some banks grant 100 of the loan amount while
  others have fixed margin money such that
• they grant a percentage of loan amount (for eg.
  85).

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Post Application Waiting Time

• The waiting time for approval of loan is shorter
  if all verification
• and collateral documentation is
• clear and complete.

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Collateral Requirement

• Loans which require collateral are secured loans
  and those in which there is no collateral
  involved are unsecured overseas education
• loans.

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Pre-Visa Disbursal

• Some visa authorities require disbursal of fee
  and living expenses before visa. This feature can
  only be provided by
• certain banks.

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Country-specific Requirements

• Only secured loans from nationalized banks are
  acceptable for countries
• like the UK, Australia,
• and New Zealand.

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www.overseas-educationloan.com