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Four Most Frequently Asked Questions on Overseas Education Loan

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Studying in a foreign country is a critical life-changing decision and rationally correct to stay ahead in the global competition. While aiming for globally renowned universities, course and the financial investment should be taken into consideration. But a major problem that holds the students and the families back from taking the big leap is insufficient to finance. Over the past few years, the efflux of Indian students for studies abroad has drastically steeped. More and more students want to pursue higher studies abroad from a globally recognized educational institution. To foster confidence in these ignited minds, the government has introduced and implemented scholarship schemes. In the same context, the Indian Bank Association framed a comprehensive Education Loan Model adopted by all the banks to support students financially for studies abroad. A basic understanding of overseas education loan , its kinds, the process, the eligibility criteria, the documents required, et