Elan Overseas Education Loan

With the rising cost of higher education in India and overseas, the majority of students opt for education loan to fund their studies. Study overseas aspirants willing to pursue their education at international universities situated overseas often look for financial aid and this is when the overseas education loan comes to the rescue. In order to apply for an overseas education loan, first of all, students must have received the offer letter from the university. Based on the conditional or unconditional offer letter, they can approach any financial institutions to apply for an overseas education loan. In India, there a bunch of financial institutions like private banks, nationalized banks and NBFCs that offers education loans. These institutions offer two kinds of overseas education loan i.e., secured education loan and unsecured education loan. Every financial institution differs in factors like margin amount of the loan, processing fees, repayment tenure, interest rate etc. He...

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 ov...