We give a comprehensive and detailed breakdown of all the costs that would be incurred as education and living expense in a foreign country. Offering a range of financial and foreign exchange solutions, we advise and support students in handling bank queries and getting the loan documentation processed without any hassle.
There are a few things you can keep in mind while applying for one –
- You cannot apply without a co- applicant that could be your father, mother, sibling or your spouse.
- A third- party guarantor is needed for loans between 4-7.5 lacs
- Collateral has to be there if the loan exceeds 7.5 lacs
- It takes about 6-12 months after the course completion when you can start repaying loans
- For overseas education loan, lender is allowed to recover the loan from the co-applicant.
Basically, the lenders will have their own standard to measure the exceeding limit for the loan, mode of repayment and the interest rates to be charged the co applicant.
COVERAGE OF OVERSEAS EDUCATION LOAN OR INDIAN EDUCATION LOAN:
- Tuition Fees.
- Cost of travel.
- The cost incurred to buy books, instruments and uniforms, etc.
- Security deposit.
- Depending on the course if there is project work, exchange program or study tours involved.
REQUIREMENT OF THE DOCUMENTS
For studying Abroad following documents are required for availing loan:
- All the mark sheets for grade 10th, 12th or graduation, whatever is applicable
- Offer of admission to the intended school
- Time frame or the schedule of paying the fees
- The scholarship confirmation letter
- Study permit if available
- Two passport size photographs
- Bank statement for the past six months
- Income tax assessment not older than 2 years
- Brief statement of borrower’s or the co- applicant’s assets and liabilities, if any
- Proof of residence
AVENIR EDUCATIONS TO YOUR RESCUE
If you are looking to get an overseas loan look nowhere, Avenir Educations can help you at every step of your application process. We have been in the business for years now and have a successful track record for guiding the students what is best for them and to choose the right path to study abroad.
We have testimonials from numerous students, who we helped in sending to countries like, Canada, New Zealand, Australia, USA, and UK and to many European countries. Our very well qualified, zealous and devoted team members, who we fondly call AVENIRS, put in a lot of extra effort, to provide their beneficial input to help them decide the right university and explore many other education opportunities.
Do not hesitate to contact us for further information on overseas education loan. We will help you in best manner we could.