A Guide to Applying for Education Loan for Abroad Studies
The highly advanced academic programs, exposure to diverse cultures, and opportunities for personal growth have made international education a preferred option for students in India. However, the fees and relevant costs of studying abroad can be out of budget for many students. This is where an education loan can help students fund their higher education and career growth. Those who are eligible can apply for the loan for themselves, their children, or their spouse. Many banks and NBFCs have diverse terms and conditions regarding the loan amount, loan tenure, interest rate, etc. So, it is vital to consider all these factors when selecting the best education loan for abroad studies. Consider Your Loan Requirement Before looking for financing solutions, you must assess your needs and be clear about the course you want to study in Canada , the UK, the USA, or any other country. The loan amount should be enough to cover all the expenses, including college fees, tuition fees, hostel ch...