Both graduate and Post-graduate students from India are increasingly choosing to study abroad. The main countries are New Zealand, Canada, UK, Australia, France and Germany. The cost to study in these countries varies, depending on the University, course, duration and the living cost of each country. We provides assistance for taking bank loans (Education Loan), from loan application to documentation to liaison with private and national banks to ensure you have a hassle free education loan to meet tuition and living expenses overseas.
Eligibility Criteria for Education Loan (Bank Loans)
These are the criteria for obtain an educational loan from any bank of India.
- The student seeking educational loan must be Indian.
- The student must pass the admission tests to professional or technical course through entrance test or through some selection program.
- The student must have secured admission to foreign university or College.
Important Documents to be produced
- Mark sheets of the last qualifying examination for school and graduate studies in India.
- Proof of admission to the course.
- Scheduling of expenses to the course.
- Copies of letter confirming the scholarship.
- Copies of foreign exchange permit, if applicable.
- Two passport size photographs.
- Bank statement for the last six months of the borrower.
- Income tax assessment order not more than two years.
- Brief statements of assets and liabilities of the borrower.
- If you are not an existing bank customer you would need to establish your identity and give proof of residence.