Elan Overseas Education Loan

  “I want to graduate from a foreign university!” – this dream is highly mushrooming among students in India with the increased possibilities to study abroad. But this dream often gets a break on the way instead of accomplishing it straight away just because of the costs and expenses involved. Here is a way how the road to accomplishing the dream to study abroad can be smoothened. Students can apply for scholarships for their studies if they do not want to spend anything from their pockets, nor take loans from some bank nor ask for financial assistance from someone. Education loans are the main source of finance for overseas studies. In India, the education loan is mainly divided into two separate kinds of overseas education loan - Secured and Unsecured Loans. The type of loan is selected based on the applicant’s decision of pledging the collateral or not. Through this article let us understand in brief the unsecured loan for studies abroad and the benefits of it. Unsecure...

During mega-crisis times like COVID 19 pandemic, most people are under serious financial pressure when it comes to paying back any type of loan. Even with the 3-month moratorium for loan repayment offered by banks, the interest needs to be paid, and the same goes for education loans as well. To take care of undue financial pressure when it comes to paying back education loans, experts say students should assess their current and near-future financial situation from the job and income point of view. To tackle the situation, borrowers depending on their financial status could explore options like a moratorium, rescheduling of tenure, etc. Students who have already borrowed an overseas education loan and are studying: For students who are currently studying and have taken education loans be it unsecured or secured overseas education loan , they just need to service the simple interest and not the full EMI per month. As this amount is significantly lower than the full EMI thus, it ...

“I want to graduate from a foreign university!” – this dream is highly mushrooming among students in India with the increased possibilities to study abroad. But this dream often gets a break on the way instead of accomplishing it straight away just because of the costs and expenses involved. Here is a way how the road to accomplishing the dream to study abroad can be smoothened. Students can apply for scholarships for their studies if they do not want to spend anything from their pockets, nor take loans from some bank nor ask for financial assistance from someone. For students that aren’t aware of the scholarships that can be applicable, here are some popular scholarships to study overseas . # Indian Government scholarships for Overseas Education:  The Indian government has special provision to encourage students to excel academically in studies abroad. •    These scholarships that are offered are merit based as well as student – caste specific, minority...