Elan Overseas Education Loan

Aiming for Higher Studies Overseas? Do you require an Overseas Education Loan? Then this article will surely help you. Over the years, education loans have become the most reliable source of funding higher education overseas. There has been an exponential rise in the number of Indian students opting for studies abroad in the past two decades despite its heavy cost. Thanks to the availability of education loans for abroad studies which ease out the burden. There are numerous advantages of taking overseas Education Loans like, •    100% Funding •    Pre-admission Loan •    Income Tax Benefits And many more…… The overseas education loan requirements are: •    Credit Score •    Documents Checklist based on the University •    Students Document Checklist •    Parent’s/Sponsor’s Documents Checklist •    Collateral Security Documents Checklist There are innumerable banks...

As opportunities for education and employment are growing across the globe, students aspiring to study abroad are increasing day by day. Universities abroad offer multitudes of program choices thus promising high flying career options. Although sky is the limit for academic and career options, we definitely have a limit for expenditure. Studying abroad can be very expensive as the entire tuition fee and stay cost has to be arranged by us. This is where foreign education loan comes as a saviour. It is very crucial to select the right bank or financial institution for overseas education loans. But, in order to select the appropriate one, it is important to know about the type of loans. There are 2 types of Overseas Education Loans available:   1.    Secured Loan 2.    Unsecured Loan Secured Loan: Secured loan means, a loan taken based on your assets like Immovable property, Fixed Deposits in Banks, LIC Policies, Governm...

Getting education loans for studying abroad is a huge task for the parents and the student. Loans that are disbursed against collateral, also known as secured education loans have the following benefits; a. A lower interest rate than unsecured loans and, b. The lender institution disburses a higher amount. However, there may be certain issues faced by borrowers regarding the collateral that is mortgaged. In this article, we seek to introduce the concept of top-up loans and how they help borrowers in the process of getting Student Loans for Studying Abroad . The article also explores various alternative options of top-up loans that may be utilized by prospective borrowers.   What is a Top-Up Loan? A top-up loan is of immense benefit to borrowers with a single asset acting as collateral, and the requirement of multiple loans. A top-up loan may be explained with the following example. Suppose Mr. X has a bungalow worth INR 95 lakh which he has used as collateral to fun...

Pursuing Master of Business Administration from an internationally acclaimed institute is what a major proportion of students aspire for. However, pursuing MBA from an overseas destination is expensive, which is why a lot of students let go of their dream of studying abroad. But, there are ways that can effectively help students and their parents manage the finances and get the high-quality education which would lead to an elevation of the student’s career with leading MNCs at managerial positions.  This article touches upon these effective financial means of assisting students and include an Education Loan for Abroad Studies in addition to other alternatives. Self-funding: Not a Very Smart Choice Contrary to what most parents feel, self-funding is not the smartest choice that one can make for financing a study abroad program. Let us elaborate. Although you may manage to get the necessary funds required for self-funding your MBA, you are faced with the follow...