Get Education Loan for Study Abroad

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Get Education Loan for Study Abroad
https//www.unikglobalservices.com/get-education-l
oan-for-study-abroad/
How to get education loan for study
abroad? Studying abroad has become more popular
at present but it is not possible for everyone
to achieve it. The major reason for this
impossibility is lack of funds. When people were
wondering about how to get education loan for
study abroad, this article brings a better
knowledge on it. Whatever is the university
chosen by the student, options are high for
getting an education loan to study abroad.
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• Financial limitation have vanished the dream of
  study abroad for many students. Being aware of
  education loan for study abroad can make your
  dream come true. Let this article be a
  life-changing moment for study abroad aspirants.
• Importance of education loan for study abroad
  Money has become the deciding factor for
  everything that happens in our life. Success and
  failure of your efforts mostly depends on money,
  especially for study abroad.
• Many drop their plan of studying abroad due to
  lack of fund. Financial loan plays the most
  important part in making your dream come true.
  Varieties of financial loans are available for
  study abroad and it is the responsibility of the
  student to explore the opportunities.
• Features of education loan for study abroad
• Such loan demands a co-applicant
• The student should be an Indian citizen
• Confirmation of admission is very important
• Various options of collateral are accepted
• These loans are available only for under
  graduation and post- graduation programs
• Types of education loan for study abroad
• Education loan for study abroad is available
  depending on your academic
• requirements. The terms and conditions for study
  abroad loan is totally different from domestic
  education loan. This article highlights the
  different types of education loan available for
  Indian students
• Bridge Loan
• This loan is found to be useful for students who
  struggle to manage their pre- application
  expenses. Pre-application expenses include an
  interview, application, examination, etc. this
  loan demand educational background of the
  students and also the application of the abroad
  universities approved by banks. The rate of
  interest for this loan is quite affordable.

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• Pre-visa loans
• Getting a visa for studying abroad demands enough
  fund in the account. This amount is to prove
  that the candidate is eligible to afford his/her
  expense in a foreign country. To receive
  pre-visa education loans, conditional offer
  letter from the institution is required.
• Pre-admission Loans
• Expenses other than academic needs come under the
  pre-admission loan. Travel expenses cost
  involved in admission processes, tuition deposits
  etc can be managed using this loan. This option
  is available only for study abroad aspirants.
• Refinancing Loans
• This type of loan can be availed by students who
  struggle to repay their education loans. This
  type of loan demands repayment tag and also the
  availability of fund for repayment. Refinance
  can also be used by students for extending the
  loan tenure.
• Consolidated Loans
• This loan includes expenses related to
  accommodation, books, travel, deposits,
  insurance, exam, books, and other related
  expenses. The term consolidated emerged because
  of the possibilities to merge different loans to
  reduce processing fee.
• Limitation for loan amount
• The loan amount ranges from 10 lakhs to a maximum
  of 1.25 crores.
• Rate of interest interest rate ranges from 9.7
  to 16.2 per annum.
• Loan tenure the minimum duration starts from 5
  years to a maximum of 25 years
• Moratorium Period there are two options one six
  months after employment or twelve months
• after completion of the course Processing
  charges processing charges ranges from zero to
  15

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What is the Courses eligiblity for study abroad
loans

• Education loan for study abroad is available for
  the following courses
• Undergraduate degrees
• Diploma programs
• Postgraduate course and
• Doctorate programs
• Indian Banks offering Education Loans for
  Studying Abroad
• List of banks providing education loans for study
  abroad
• State bank of India
• this bank offers a maximum amount of 20 lakhs as
  education loan at an interest rate of 10.70 per
  annum.
• HDFC bank
• the maximum amount that can be availed from this
  bank is 36 lakhs and the interest rate is 14.88
  per annum.
• ICICI Bank
• the maximum amount offered by this bank is 3
  crores and the interest rate is 11.50 per annum
• Canara Bank
• a maximum amount of 36 lakhs is offered by this
  bank at the interest rate of 10.70 per annum
• There are still other banks providing financial
  loan for study abroad. The student
• can choose the bank according to their
  convenience. It is mandatory to provide all the
  required documents while applying for education
  loan for study abroad.