Most students in India wish to seek higher studies overseas from top-notch universities, get a good job and attain success in life. However, with the spiraling costs, and living stands overseas education has increased manifolds. Those, who are super rich can afford to send their kids, however, middle-class aspirants cannot achieve their dreams without adequate funds. In spite of their parents putting everything at stake, they still cannot fund the entire higher studies. Therefore, this is the ideal reason for most of the students seek Overseas Study Loan, from banks and private finance companies.
Today, the government has taken enough measures to provide better education facilities to the youth of the nation. Many banks and private finance companies are providing customized loan solutions to a potential candidate who can dream to fly abroad to pursue educational dreams. They have come up with innovative and cost-effective solutions for the student loan scheme. Leading banks and private sector financial firms are willing to be a part of your study dream. Banks and lending agencies have designed finance programs to help talented students secure their student’s loan and pursue higher education with ease. The innovative products provided by banks and private finance companies have simple terms and provide much need financial solution in a very short span of time. They give quick loan sanction in 24 hours and instant disbursal.
Every finance firm or banks will have different eligibility criteria and so it becomes imperative for students along with parents to understand the parameters and get a suitable overseas study loan. There are several factors based on which the eligibility will be decided. A strong academic record, confirmed admission letter from a foreign university and credit score of the co-borrowers will be the key to negotiate with the lenders for low-interest rates.
The age of the applicant is also taken into consideration while taking an Educational Loan for overseas study. Most banks and finance companies provide loan to students who fall in the age group of 16 to 35 years with Indian nationality. Some private sector finance company understand your concern and the hassle associated with acquiring finances and thus come up with customized loans solutions such as pre-admission loan, Pre Visa Disbursement loan, score based products, 100% funding for meritorious students, wider course and country coverage, bridge up loan, etc. The lending rates start from a mere 11% onwards with a mere processing fee. You can avail collateral free loan up to Rs 40 lakhs with an instant sanction in one-day. Women applicants are given a special concession of 0.5% on the lending rates.
There is an online customer response team avail wherein you can chat with them and clear all the doubts in your mind. You don’t have to wait during office hours to talk to them. You can do this anytime and anywhere during your spare time. The foreign education institution where the student has enrolled for higher studies should be well accredited with excellent placement records.
Give wings your educational dreams, opt for overseas study loan today!
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