Elan Overseas Education Loan

The next step after receiving the offer letter from the Australian University is of arranging for funds to finance an international degree. The cost of studying in Australia is quite high on pocket due to which majority of the students apply for an overseas education loan.  In India, there are majority of the financial institutions that offer a foreign education loan to the Indian students. The loan generally covers all the necessary expenses, right from tuition fees, examination fees, travel expenses, cost of book purchase, laptops etc. The procedure to apply for the loan is quite lengthy and confusing and here are some tips to make it simple.  Tips to Simplify the Process of Applying for Education Loan 1. Be Thorough About Education Loan Process Before applying for an education loan, make yourself aware about the entire education loan process. Know about the timeline of an education loan, different types of overseas loans and the four phases involved in an Australian overseas educat

New Zealand is a perfect study overseas destination for those looking forward to exploring an adventurous life. Apart from offering stunning natural landscapes, the country offers excellent and high-quality education. Every year over 1 lakh international students choose to study in New Zealand. The cost of studying in this country is quite less comparative to other study overseas destinations like USA and America.  To finance an international degree, majority of students apply for an overseas education loan for studying in New Zealand . In this blog we are going to take a closer look at the overall cost of studying in the country.   Tuition Fee: The prime expenditure in an overseas education is the tuition fee. It depends on various factors like overall ranking of the university, its tuition fees, chosen program. The average tuition fees for study programs are as follows: • Bachelor’s Degree: $20,500 - $25,000 annually • Master’s Degree: $19,000 - $29,000 annually • MBA: $31,000 - $50

Studying abroad is a huge step in one’s life and it is extremely important to consider all the possible factors while taking this step. Expenses play an important role here as studying in a foreign land come with its own cost attached to it. In order to arrange for fund, a large number of students avail student loans for studying abroad . In this blog, we will let you know about the overseas education loan process of various Indian Banks and the factors that should be considered.  Eligibility Criteria for Education Loan The first step is to check the eligibility criteria for education loan. Mentioned below are the general requirements for the applicant that majority of the financial institutions follow: An applicant should be a citizen of India. An applicant must be 18 years of age. An applicant must possess a decent academic background. An applicant must have secured admission to a recognized foreign university. An applicant must have applied for a job-oriented technical or profession

United States of America and Canada are the two leading overseas education destinations that most of the aspirants apply at for pursuing their higher education. The cost of studies at both the countries is quite high on pocket and majority of the students apply for an education loan to finance their degree. Education Loan for USA:  The application process of an overseas education loan for many US universities begins in the month of October so keeping the time frame in mind, students must apply for the loan.  Here is the process of education loan to study in USA : The US Universities accept pre-admission loan, and they allow the students to apply for an education loan based on their GRE score. For pre-admission loan, students must apply at NBFCs and International Lenders and to apply at the government banks, students are required to produce I-20 for the process of an education loan application. Education Loan for Canada:  The cost of education in Canada for a undergraduate program is so