How can I get a loan to study abroad?
How can I get a loan to study abroad?
Following documents are required to apply for an education loan for abroad studies:
- Filled application form.
- Photographs: Passport size photographs of the applicant and the co-applicant.
- Photo ID: Photo ID of the applicant and the co-applicant.
- Residence proof: Resident proof of the applicant and the co-applicant.
Should you take a loan to study abroad?
Taking a loan for study abroad will allow you to guard your savings like MFs, FDs, ULIPs, retirement savings, etc. and use them to satisfy other expenses. The Interest for a study abroad loan for nationalized banks is generally around 9\% to 11\%. So in terms of absolute interest differential the same is around 1\% to 3\%.
Which bank gives highest education loan without collateral for abroad?
Banks offering Education Loans and Collaterals Required
| Bank | Loan Amount and Collateral Required |
|---|---|
| HDFC Bank | Domestic Education – Up to Rs.15 lakhs Foreign Education – Up to Rs.20 lakhs For loans up to Rs.7.5 lakhs no collateral is required |
| HSBC | Loan up to Rs.5 lakhs do not require collateral |
What financial aid can I use for studying abroad?
Funding your study abroad trip with federal financial aid Grants. Grants are money allotted to you by the government so you pursue your goals despite your financial struggle. Loans. Loans are essentially money borrowed directly from the federal government, which need to be paid back six months after graduation, provided you remain enrolled in school at least half-time. Scholarships.
What banks offer student loans?
Citizens Bank. Citizens Bank is our first of the best banks for student loans.
What is the best bank to get a student loan?
There is no conclusive list of the best banks for private student loans, but the following providers are considered among the most reputable: College Ave Sallie Mae Discover Student Loans Wells Fargo Citizens Bank SunTrust PNC
Can you get out of student loans by moving abroad?
The only real way to eliminate your student loans by moving abroad is to go to a country with a reasonable cost of living and great earning potential , which will enable you to achieve financial balance quicker and pay off your student loan debt from abroad.