Elan Overseas Education Loan

Higher education abroad is now accessible with the growing options for assistance and fund management with the help of banks and other financial institutions. Foreign countries are coming forward to encourage international students to pursue higher education as well as research studies. Students can now dream big, as now there are an all time effective student loans for studying abroad through the banks and NBFCs. Although, there are many glitches and hassles faced by the students while getting the loan processed and disbursed. There are some basic aspects that create these issues while applying for loans. ·          The country specific student visa rules ·          The respective university/ college fee payment requirements Mostly, students assume that the tuition fees would be required after the visa is granted. All this id due to the lack of right information regarding the kinds of overseas education loan , the mode and methods of disbursal and the entire study a

You might have enrolled in a foreign university for pursuing higher education. Here are a few things to remember. ·          Find out the entry requirements for admission to the course and the educational institution. Usually, students need to prove their proficiency in the English language by taking qualifying tests like TOEFL or IELTS. ·          Once your admission to the institution is approved, you will receive a Letter of Acceptance or Offer of Place which is nothing but a letter stating confirmation of admission. ·          The next step is approaching a bank for overseas education loan. Now, before applying for an overseas education loan , a student should have an estimated expense value in mind. You may seek the assistance of an experienced loan advisor for this purpose. Statement of Expense A written breakup of the education expense is necessary to be displayed at the bank. The document should comprise of tuition fees for entire duration for course, li