Student Education Loans
Going abroad for higher studies? Wondering how you fund your studies? Found the perfect course for you? Whatever your reason for wanting to study abroad, here at Global Flamingos we understand that quality education is a must. Therefore, we have partnered with some of the most trusted financial institutions in India to offer our students a one-stop solution for education loans that will assist in making their journey towards a better future, convenient and simple.
What does an education loan cover?
It covers the basic course fee and some (not all) other related expenses such as accommodation, exam, and other miscellaneous charges
Who can apply for the loan?
A student is the main borrower. A parent, spouse or sibling can be the co-applicant.
Whom is the loan offered to?
It is offered to students who want to study and pursue higher education overseas. The maximum amount offered for studies vary from one bank to another.
Education Loans for Study Abroad
Education Loan for Abroad Studies: Studying abroad can be a life-changing decision, however, this doesn’t come easy. Those who want to pursue higher studies abroad, but find it difficult to arrange for funds, now have the option to make arrangements for funding their education. In this article, we will cover every detail related to education loans for studying abroad. Be it the process to apply for a loan, eligibility, or documents required for it. We will also cover various other aspects related to student loans like Indian banks giving student loans or the role of a guarantor. We will cover every aspect for all those who are looking for an education loan to study abroad.
Eligibility criteria to apply for the education loan
The first and foremost thing is to check whether you are eligible to apply for an education loan or not. Provided below are the general terms and conditions that are usually followed by any bank in the process of granting an education loan. Kindly note that individual banks could have their eligibility guidelines which would have to be adhered to when applying to that particular bank.
- The applicant should be a citizen of India.
- The applicant must have attained the age of 18 else his/her parents will have to take the loan.
- The applicant must have a good academic background.
- The applicant must have secured admission to a recognized foreign university/institution/college.
- The desired course which the applicant is going to study must be a technical or professional one, as banks give preference to job-oriented courses.