Elan Overseas Education Loan

  One of the top study overseas destinations, Australia hosts around one lakh international students every year. The number of students moving to Australia in search of quality education is constantly on the rise. The cost of education in the country is on the higher side comparative to the countries like UK and Canada.  The majority of the students opt for an education loan for studying in Australia to finance their international degrees. The overseas education loan covers the cost of tuition fees, accommodation, travel and living expenses.  Australian Universities offer various degree programs at bachelor's, master's, and Ph.D. levels. The course and study costs in Australia depends on the education provider and level of study. To get a brief idea, let us take a closer look at the average tuition fees to study in Australia: Cost of Accommodation in Australia Majority of the Australian universities offer on-campus accommodation to the international students that promise...

Over 1 lakh students migrate to Australia every year for pursuing higher education and all the credit for this goes to top-class education offered at the Australian universities, high standard of living and ample opportunities for the international students. Australia is one of the most expensive countries for higher studies as the cost of education in the global universities is higher as compared to the other study abroad destinations. An average tuition fee of a program at any of the Australian university ranges from AUD 25,000 to AUD 35,000 annually. However, it also depends on the university, it’s ranking, chosen program and duration of the course. Education Loan to Study in Australia: Indian students can avail two types of education loan to study in Australia to pursue their higher education from the global university situated in the country. Let us know about the available options: 1. Secured Education Loan According to the regulations of the Australian Embassy, Ind...

  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 ...

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...

The cost of education is constantly on the rise and when it comes to overseas education the fees of the courses falls in the bracket of 30 lakhs to 1 crore and some even goes up to 1 crore. In such cases, overseas education scholarships play an important role. Availing a scholarship is the best way to fund international degree and also reduce on the cost of education. A huge number of international students apply for study abroad scholarships and there is a lot of competition. In such cases, are there any specific things that makes your scholarship application stand out from the rest of the crowd? Absolutely! And in this article, we are going to give you few tips on making your loan application stand out from the crowd. By following these, you can help to who yourself as a more suitable candidate, so that you land your dream scholarship in 2021. Know how to look for a suitable scholarship There are a bunch of scholarship to study abroad for Indian students . These scholarships are off...

Getting a scholarship for an overseas education is a good way of reducing the overall education cost of higher education in a foreign land. There are various scholarships available for international students on the basis of various criteria like merit-based scholarships, country-based scholarships offered by government of that particular country, course-based scholarships offered by the universities or departmental scholarships. Apart from the above-mentioned scholarships, there are scholarships available on the basis of student’s race and religion. But the question is how to find and where to apply for these scholarships.  In this blog, you are going to know about various ways through which you can find out a suitable scholarship for your overseas education according to your eligibility and requirements. You just need to follow below listed tricks. Check out the university website:  The first and foremost step to find out a suitable option for your scholarship is to inquire. ...

  USA is one of the most preferred study destinations by the students who are planning to pursue their education overseas. International students move to USA to fulfil their study abroad dream. A 4-year bachelors degree in USA, can cost up to 1 crore whereas a 2-year masters program can cost around 40-50 lakhs. Naturally, students will look for scholarships, grants, fellowships when it comes to fund their foreign education. In this blog, I am going to tell you the financial aids available to study in the USA. Government Scholarships:  Students are unaware about the wide range of scholarships introduced by Indian Government who are looking forward to pursuing their higher education in the USA. Right from category-based scholarships to interest subsidy schemes, there are various options available for the students who wishes to pursue their higher education in the USA. Apart from Indian scholarships, there are various popular scholarships to study overseas that are offered by Am...

Hello Reader, The fact that you have landed on this page proves that you are applying for an overseas education loan to study abroad. Congratulations on that! Either you are new to the loan specific terminologies or want to double check your knowledge. Either ways, you have landed on the right page. Have you read our 1st article - Basic Overseas Education Loan Terminologies – Glossary 1 which covers the 1st part of the loan terminologies?  This article is in continuation to it with the 2nd part of Glossary to help you understand better. You can find the 1st article on the same page.   Read on to get introduced to the next set of foreign education loan terminologies. Interest Rates related Education Loan Terms: Accrued Interest: The interest earned by the lender and payable by the borrower is called as Accrued Interest which is calculated on top of the unpaid principal balance on a daily. Floating Interest Rate: The interest rates which are likely to change over a short period ...

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...

  What future holds for them is the question that is always ringing in the minds of study abroad aspirants and international students in this time of distress. As per a survey done by the union of study abroad advisors, nearly 72% of the candidates still want to achieve their dream of studying abroad. Although many students have made up their mind for overseas education, they are facing financial constraints and are looking to arrange finances wanting to opt for student loans for studying abroad . However, they are not able to move ahead with their plans due to the current lockdown. Read on to know all the updates regarding the banks during COVID-19. How the present situation has impacted availing education loans? Financial institutions are continuing with their work even as the lockdown continues. Banks and Non-Banking Financial Companies (NBFCs) are waiting for some clarity from universities abroad for current loan disbursements, and students are waiting for visa approv...