Education Loan Process - Check These 9 Points
How many Indian students got an education loan in 2015? A whopping 3.34 Lakhs. How many students secured a study loan in 2019? A measly 2.5 Lakhs. What does that say to an Indian student hoping to apply for an education loan abroad? The number of applications for student loans being accepted is abysmally low and constantly decreasing. Yet, not all hope is lost. The total loan amount... Read more
How to Save INR 2 Lakhs (or More) With the Right Education Loan?
What if we told you that the rate of interest on an education loan might change post-sanction, would you be surprised? 8 out of 10 loan applicants would say an unequivocal yes. Few, if any, are aware of the complex formula that defines the interest rate of a student loan. Most Indian bank and NBFC loans come with a floating interest rate. What’s a Floating Rate? We explain it here. In... Read more
All you need to Know About Education Loan with Collateral
In the past, if a student planned to go abroad for studies, then they definitely needed to have a fat bank balance to support their education abroad. However, things changed in 1995 when SBI started providing education loan for studying abroad. From 2001, the Indian banking sector started giving out education loans, and since then, Lakhs of education loans in India for study abroad were taken... Read more
Educational Loan Options for MS in New Zealand
For such a small nation, New Zealand is home to more than 106,000 international students. What’s more surprising is that almost one in every five foreign students on the island is Indian. Barring China, India accounts for the maximum number of overseas students in the country. With so many Indian students preferring NZ as their study abroad destination, we thought to give them a leg-up. Within... Read more
Educational Loan Options for MBA in Canada
According to CBIE, 2015 witnessed a whopping 92% rise in the number of international students since 2008 - the number totaling 353,570. And, the number has continued to grow significantly over the past five years. For the thousands of Indian students who are desirous of studying abroad in popular countries such as the U.S., Canada, etc., the tuition fee is a major deciding factor. If you too... Read more
Educational Loan Options for MBA in Ireland
In recent years, Ireland has become a popular study abroad destination for Indian students. In the year 2017, nearly 3,000 Indian students were in Ireland to study undergraduate, Masters, and PhD programs. This number was just 2,000 in the year 2015. Therefore, we can clearly see that the number of Indian students who headed to Ireland in 2017 increased by 50%, and this upward trend is here to... Read more
Secured Vs. Unsecured Education Loans: A Comprehensive Guide
The stamp of a foreign university and the exposure gained by it are unparalleled. Both act as a trampoline for your career. They give you a jumpstart only a few Indian schools can. No wonder a greater number of students are opting for higher education abroad. However, international degrees and courses are expensive. A degree from the US, including tuition, fees, room, and board, can cost INR 30... Read more
Educational Loan Options for MBA in the US
The USA, the birthplace of the MBA degree, has long been a top destination for Indian students going abroad for an MBA, especially students with good profiles. In the year 2018, 58.7% of international students who chose to study MBA abroad went on to pursue it in the US. Since the US is home to top global MBA schools, offers flexible academic programs, great job opportunities in world-renowned... Read more
Educational Loan Options for Bachelor’s (UG) in Canada
The last couple of years have seen Canada emerge as the preferred international study destination for students from across the globe. The presence of globally ranked and reputed educational institutions, easy immigration policy, low cost of living and low crime rates are all pulling international students, including Indian students, towards Canadian institutions. In 2018, there were 172,600... Read more
Educational Loan Options for Germany
Germany has become a favoured study destination for international students in recent years. In fact, Germany reached its goal of welcoming 3,50,000 international students by 2020 in the year 2017 itself. Some of the reasons why German universities witnessed a rapid rise in the number of international students are the excellent quality of education and research environment that they provide,... Read more