Opt for Study Abroad Loan to fulfil dream studies overseas


Pursuing higher education is getting more and more popular amongst the youngsters in India. The number of Indian students opting for study overseas has increased exponentially and many pupils are flying to their dream destination to pursue graduate and post-graduate studies.  One of the main reasons is that foreign degree puts more weight for job opportunities back in motherland compared to a bachelor’s or master’s degree from any Indian university or institutes. However, the financing part still remains a major issue for parents and students. Even riches find it difficult to fund the complete studies due to zooming education fees and living costs in a foreign nation. An ideal solution for this would be Study Abroad Loan.



Today, many reputed banks and private finance companies provide study abroad loan to meritorious candidates especially from the middle and upper middle class to fund their higher education. Their aspirations are high; however, it all goes in vain if they don’t have the right and complete funding to fly overseas. With, overseas education loan you can study in some of the popular destinations around the globe such as UK, USA, Australia, Germany, New Zealand, Belgium, France and more.

Any individual between 18 to 35 years can apply for an overseas study loan to pursue studies in top universities or institutes abroad. They can procure a loan for management studies, engineering course, medicines, graduate and post-graduate degree, arts, hotel management, civil aviation, architecture, etc.


Your Education Loan takes complete care of your tuition fees, exam fees, hostel and mess charges, lab and library fees, caution deposit, books and equipment, project funding, educational tours, etc. You can apply for a study loan once you receive your offer letter from the foreign university or institute.  While you wait for your admission call letter, you can compare quotes of top banks and financial institutes and go through the interest rates, loan amount, processing fee, loan disbursal time, etc. It will help you choose a suitable loan lender. Most private finance companies give education loan with interest rates as low as 11% to 15%, and there is a special concession of 0.5% for women applicants. Some private firms give collateral free loan up to Rs 40 lakhs with an instant sanction in one day.


Experts’ advice, a lot of false information is being circulated in the market, and if it reaches to potential students, it can cause them to make life-changing decisions. So, instead of listening to rumours, trusting agent, it’s best to get information by calling up or chatting with customer service associate and authentic source.


The study abroad loan amount and the interest rate are completely based on the student profile as well as university grade, course, placement records, etc. A good academic record secured admission letter from a reputed university and excellent credit score of the co-borrower play key role in reducing the study loan interest rates.


The repayment of loans can be done from abroad, and you don’t have to repay the money right from day one. Instead, you can complete your studies and start the payment after six months to one year of the course completion. It is termed as moratorium period.


Study abroad loan are the best bet when it comes to arranging finances to fund your dream studies. Apply Today!


Related Blog: What to expect from the best education loan.

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