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Deciding Factors to Acquire Education Loan for
Abroad Study in India

• By
• Saphairs India

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Education Loan for Abroad Study in India

• In India, to acquire education loan for abroad
  study involves certain pointers that need to be
  considered for any loan applicant. For starters,
  there are certain deciding factors which, if
  considered properly, could help you make an
  informed decision regarding acquisition of the
  education finance for abroad study.

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Deciding Factors to Get Education Loan Abroad

• 1. Rate of Interest
• This is one of the most important deciding
  factors, considering the principal amount you
  take as loan can attract interest rate that may
  go higher or lower, depending upon a banks
  lending criteria. Generally banks offer finance
  for abroad study at interest rates ranging from
  10.20 to 10.40 over the loan amount of Rs. 7
  lakh and more.

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• 2. Moratorium Period
• Another important consideration, the moratorium
  period is kind of grace period during which a
  borrower is not supposed to pay back the loan.
  After the expiration of such period, the
  repayment through EMIs starts. Students granted
  education loans are asked for repayment of the
  same after completion of their courses for which
  the loan was borrowed. At the end of moratorium
  period, the interest rate will be accumulated.

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• 3. The Collateral Education Loan
• In collateral education loan, the borrower is
  supposed to pledge a property or certain
  financial assets, on the basis of which the
  requested loan is granted by lending institute or
  bank. This sounds like collateral as a mandatory
  requisite for a borrower which is apparently so,
  considering education loan is a securedfinance in
  India. Bank of Baroda, SBI, NBFCs are some of the
  loan-lending institutes which offer collateral
  education loan in India. Moreover, the eligible
  applicants can be loaned up to Rs. 1.5 crores at
  the interest rate revolvingaround 9.4 to 10.3.
• Consult overseas education consultant for more
  assistance regarding education loan for abroad
  study in India.

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Contact Us

• If You are looking for education loan to study
  abroad. Contact Saphairs India
• Website http//www.saphairsindia.in
• Address 7/16,Ansari Road, Darya Ganj, Delhi,
  110002, India
• 91-9911808088
• info_at_saphairsindia.in