Elan Overseas Education Loan

  When it comes to pursuing higher studies abroad, one of the major concerns is how to finance the foreign degree. Majority of the aspirants then turn to availing an education loan. In India, there are many public banks, private banks like State Bank of India, Bank of Baroda, Axis Bank, ICICI Bank and NBFCs like HDFC Credila and Incred that offer a loan to the Indian students. In this blog, we are going to take a closer look at various aspects of overseas education loan offered by State Bank of India. So, let’s get straight into it!  State Bank of India, one of the prominent financial lenders in India is the first choice of study overseas aspirants when it comes to availing an overseas education loan for foreign studies. Alike all other financial institutions, SBI also offers two types of education loans i.e., Secured Education Loan and Unsecured Education Loan. SBI being a government bank, there are various advantages of offering a foreign education loan from the aforesaid b...

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,...

A large number of Indians are opting to study in the United Kingdom as it offers a world-class education system. They apply to the university in the UK and get an offer letter as well but just getting an admit letter is not enough. As even before the tiring overseas education application process, students are required to arrange for funds to finance their overseas degree. While applying at the overseas universities, students are required to showcase a well-structured financial plan. For which, majority of the students apply to avail an education loan for studying in UK . Cost of education in the UK: The tuition fee for a bachelors and a master’s degree in the UK is between 10 to 30 Lakhs per year. This cost entirely depends on the ranking of the university, its location and chosen program. A bachelors and a master’s degree in the United Kingdom is of three and two years respectively. The duration of a master’s degree is quite flexible. Know the Eligibility Criteria to Apply for an Educ...

  Pursuing a degree from an international university is a shortest route for many students to secure their future while few others wish to study overseas to get the international exposure. But the cost of pursuing a degree from an overseas institution is huge and to fund it majority of the students avail an education loan in India for study abroad . There are various financial institutions in India that offers an overseas education loan to study abroad. These institutions provided proper end-to-end guidance resolving all the complexities of financing. Hence, to apply study loan for abroad studies is a lucrative option.  3-Step Guide to apply for an education loan 1.        Do your research and evaluate the loan amount: The first step to avail an overseas education loan is to find out how much loan amount you need. While evaluating the loan amount, do not forget to include the living expenses, college fee, examination fee, library fee, cost of ...

Finding a suitable overseas education loan option is quite a difficult task when the overseas education application process is just around the corner. But with all the timely and step by step guidance provided by financial institutions and overseas education consultants, getting an education loan in India for study abroad has become quite easier. Each year, many study abroad aspirants apply for an overseas education loan but only a few of them become successful in getting the education loan approved. Hence, it is important to pay attention to few points and stick to them while choosing a suitable overseas education loan option.   6 Things to be taken into consideration while choosing a right loan option 1.    Check whether the financial institutions lend an education loan for the course you are opting for: The first and the foremost thing that overseas education aspirants should check is whether the financial institutions lend an education loan for the course t...

Canada being one of the topmost study overseas destination, every year thousands of study abroad aspirants move to Canada for pursuing their higher education. The cost of education for pursuing a degree or a diploma course in Canada is quite affordable as compared to that of other study overseas destinations like USA, UK, Australia etc. However, majority of the international applicants choose the option of education loan for Canada to fund their Canadian degree.  Canada offers various types of courses, right from undergraduate and post-graduate degree to undergraduate and post-graduate diploma courses in almost all the subjects.  Cost of Education in Canada: For an undergraduate program, the yearly cost of studying in Canadian institution for international students falls between CA$14,000 to CA$26,000 whereas when it comes to a postgraduate program, the cost ranges from CA$14,000 to CA$24,000 for a year. Read on to know education loan in India for study abroad at Can...

Most Indian students who wish to pursue their higher education abroad, for them overseas education loan is the popular choice of funding. In the process, there is a high chance for such higher education aspirants to get lost in technical jargon as these terminologies can be tricky. Some of the most commonly used terms in student loans for studying abroad is listed in this article to give you a thorough understanding. All the terminologies covered in this article, are applicable for both secured (with Collateral) and unsecured (without collateral) loans. So, let us begin first with types of loans. Secured Education Loan: In this type of loan, you need to mortgage certain types of assets as collateral security to the lending bank. Collateral Overseas Education Loan is another name of the secured loans. In simpler words if the borrower is opting for a secured loan then, the applicant is required to pledge some kind of asset as collateral like an immovable property or liquid security. Uns...