Posts

State Bank of India Offering Study Abroad Loan

Image
  When it comes to pursuing higher studies abroad, one of the major concerns is how to finance the foreign degree. Majority of the aspirants then turn to availing an education loan. In India, there are many public banks, private banks like State Bank of India, Bank of Baroda, Axis Bank, ICICI Bank and NBFCs like HDFC Credila and Incred that offer a loan to the Indian students. In this blog, we are going to take a closer look at various aspects of overseas education loan offered by State Bank of India. So, let’s get straight into it!  State Bank of India, one of the prominent financial lenders in India is the first choice of study overseas aspirants when it comes to availing an overseas education loan for foreign studies. Alike all other financial institutions, SBI also offers two types of education loans i.e., Secured Education Loan and Unsecured Education Loan. SBI being a government bank, there are various advantages of offering a foreign education loan from the aforesaid bank. Read
Post a Comment
Read more

Cost of Education in Australia for International Students

Image
  One of the top study overseas destinations, Australia hosts around one lakh international students every year. The number of students moving to Australia in search of quality education is constantly on the rise. The cost of education in the country is on the higher side comparative to the countries like UK and Canada.  The majority of the students opt for an education loan for studying in Australia to finance their international degrees. The overseas education loan covers the cost of tuition fees, accommodation, travel and living expenses.  Australian Universities offer various degree programs at bachelor's, master's, and Ph.D. levels. The course and study costs in Australia depends on the education provider and level of study. To get a brief idea, let us take a closer look at the average tuition fees to study in Australia: Cost of Accommodation in Australia Majority of the Australian universities offer on-campus accommodation to the international students that promises safe
Post a Comment
Read more

Things to Keep in Mind while Applying for an Education Loan for Australia

Image
The next step after receiving the offer letter from the Australian University is of arranging for funds to finance an international degree. The cost of studying in Australia is quite high on pocket due to which majority of the students apply for an overseas education loan.  In India, there are majority of the financial institutions that offer a foreign education loan to the Indian students. The loan generally covers all the necessary expenses, right from tuition fees, examination fees, travel expenses, cost of book purchase, laptops etc. The procedure to apply for the loan is quite lengthy and confusing and here are some tips to make it simple.  Tips to Simplify the Process of Applying for Education Loan 1. Be Thorough About Education Loan Process Before applying for an education loan, make yourself aware about the entire education loan process. Know about the timeline of an education loan, different types of overseas loans and the four phases involved in an Australian overseas educat
Post a Comment
Read more

How much does it cost to Study in New Zealand?

Image
New Zealand is a perfect study overseas destination for those looking forward to exploring an adventurous life. Apart from offering stunning natural landscapes, the country offers excellent and high-quality education. Every year over 1 lakh international students choose to study in New Zealand. The cost of studying in this country is quite less comparative to other study overseas destinations like USA and America.  To finance an international degree, majority of students apply for an overseas education loan for studying in New Zealand . In this blog we are going to take a closer look at the overall cost of studying in the country.   Tuition Fee: The prime expenditure in an overseas education is the tuition fee. It depends on various factors like overall ranking of the university, its tuition fees, chosen program. The average tuition fees for study programs are as follows: • Bachelor’s Degree: $20,500 - $25,000 annually • Master’s Degree: $19,000 - $29,000 annually • MBA: $31,000 - $50
Post a Comment
Read more

Overseas Education Loans for Abroad Studies

Image
Studying abroad is a huge step in one’s life and it is extremely important to consider all the possible factors while taking this step. Expenses play an important role here as studying in a foreign land come with its own cost attached to it. In order to arrange for fund, a large number of students avail student loans for studying abroad . In this blog, we will let you know about the overseas education loan process of various Indian Banks and the factors that should be considered.  Eligibility Criteria for Education Loan The first step is to check the eligibility criteria for education loan. Mentioned below are the general requirements for the applicant that majority of the financial institutions follow: An applicant should be a citizen of India. An applicant must be 18 years of age. An applicant must possess a decent academic background. An applicant must have secured admission to a recognized foreign university. An applicant must have applied for a job-oriented technical or profession
Post a Comment
Read more

Education Loan Process of the Leading Study Overseas Destinations: USA & Canada

Image
United States of America and Canada are the two leading overseas education destinations that most of the aspirants apply at for pursuing their higher education. The cost of studies at both the countries is quite high on pocket and majority of the students apply for an education loan to finance their degree. Education Loan for USA:  The application process of an overseas education loan for many US universities begins in the month of October so keeping the time frame in mind, students must apply for the loan.  Here is the process of education loan to study in USA : The US Universities accept pre-admission loan, and they allow the students to apply for an education loan based on their GRE score. For pre-admission loan, students must apply at NBFCs and International Lenders and to apply at the government banks, students are required to produce I-20 for the process of an education loan application. Education Loan for Canada:  The cost of education in Canada for a undergraduate program is so
Post a Comment
Read more

Overseas Education Loan Extension in India

Image
The coronavirus pandemic has hit just about everyone in some way or the other. Be it working professionals, students or overseas education aspirants, the pandemic has been hard on everyone. Aspirants who have applied for a foreign education loan to fund their international degree, are now in a dilemma if they can opt for a loan extension or not. In this article, we are going to talk about the extension of an overseas education loan and how is it applicable for both secured overseas education loan and unsecured overseas education loan.  Majority of the international universities have closed for the time being or are recommending students to study one semester online and then move to the university location when things are normal. In such a scenario, students are left with the questions like if they should defer their overseas education loan or what should be done in this scenario. Deferment in Education Loan:  Deferment in an overseas education loan means an extension of an education l
Post a Comment
Read more