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Education Loan to Study in India vs. Education Loan to Study Abroad

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Is overseas education on your mind? If it’s a yes then even before you apply for an education loan online or offline, it is important for you to know the eligibility criteria and the documents required to be submitted. The first step concerning your overseas education loan is that s ome documents are assessed by the banks. 1.       The application form that you’ve filled 2.       Passport-size photograph of the applicant and the co-applicant 3.       Identity proof such as PAN card, Aadhar card, Voter Id etc 4.       Percentage: An applicant must have secured at least 60 % in the previous qualifying examination with fewer backlogs 5.       Entrance Exam Score 6.       Admission Letter 7.       Bank Statement 8.       Collaterals As you all know there are 2 kinds of overseas education loan available to study abroad. Given in this article is a comparative analysis of education loan for higher studies in India and abroad. Take a look at the major differences belo