Elan Overseas Education Loan

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 profes...

New Zealand, one of the rapidly growing overseas education destination offers excellent education to the international students at an affordable tuition fee. However, there are few students who finance their higher education in New Zealand with the help of overseas education loan.  The cost of education in New Zealand depends on the course that the student has chosen to pursue. If an aspirant is going for an undergraduate degree, the tuition fee at New Zealand University ranges from $20,500 to $25,000 for a year whereas for a master’s degree, it costs between $19,000 to $29,000. When it comes to an MBA degree, the tuition fee ranges between $31,000 to $50,000.  Apart from the tuition fees, students will be responsible for bearing the cost of living while their stay in New Zealand. The average cost of living in New Zealand falls somewhere between NZ$13,000 to NZ$16,000 for a year.    The New Zealand Embassy accepts two types of overseas education loan for studying in ...