Elan Overseas Education Loan

Many talented students hold back from pursuing higher education in foreign countries because of an insufficient finance. The predominant reason for this is lack of awareness with respect to the funding options for overseas education that are at disposal. There are several Scholarship schemes funded and sanctioned by the Government of India for studying abroad. Also, students can take education loan from the banks. In this article, we’ll try to explore what are the financial aids provided to the Indian students for studying abroad. Scholarships and Fellowships Financial assistance is given to the meritorious students seeking admission in reputed foreign universities and education institutions. The Ministry of Human Resource, (MHRD) India facilitates fellowships awarded by foreign countries like China, South Korea, Israel, Japan, Italy, Mexico, and Sri Lanka to Indian students under Educational Exchange Programmes. A student applying for PhD, master’s or bachelor’s degr...

Almost all students and parents prefer to take an education loan to fulfil the financial requirements when it comes to studies abroad. The studies abroad education loan covers course fee, exam fee, cost spent on study material, accommodation charges, insurance, travel expenses and other miscellaneous expenditures as well. Also, it is crucial that parents and students comprehend the technicalities involved in the education loan process, its pros and cons before taking such a big decision. In this article, we will try to understand the kinds of overseas education loan that a student can get from the banks. There are two types, one is the secured education loan and another one is an unsecured education loan. Let’s look at the details one by one. Secured Education Loan - If you are planning to take a loan of 35-45 lakhs for your master’s program or 75 lakhs and above for your under-graduation, then applying for a secured overseas education loan is the right decision....

Studying abroad is a lifetime goal for many of you. Having said that you will not leave any stone unturned to make your dream come true. For many international students, the higher education cost is a big concern. How to pay for those big one-off expenses such as tuition fees, airfares and insurance? Well a very easy solution to this is taking an Education Loan for Abroad Studies. Well the job is not done yet! The real deal begins once the loan gets disbursed and the clock starts ticking during the repayment tenure. While deciding on a loan provider, it is very important that you conduct thorough research of their terms and conditions regarding abroad education loans. But what if you end up borrowing education loan from a lender whose interest rates are very high or if their loan repayment policies are not convenient for you? You tend to fall into the catch 22 situation.   If you are stuck in such a situation, there is always a way out- Education Loan Tr...