Study abroad at your dream destination.
Giving wings to your dreams!
Over 750 universities in 30 countries. Over 1000 students placed..
Niche courses, better job prospects, global exposure and practical training are some reasons parents are keen on sending their children to study abroad.
Popular study destinations
Rewarding your achievements
Scholarship
Scholarships are of a great help in planning the financial aspects for education overseas, especially if you have a restrictive financial plan.
The universities and colleges all over the world are providing an increased number of international scholarships to ensure an upsurge in the number of international students, From program and major specific to general scholarships, there is something for everyone.
We will assist you
1. In streamlining the process and helping you in getting the right scholarships as per your eligibility
2. Coordinating with the university and assisting you with the formalities involved in availing the granted funding.
We make dreams come true!
Education loan
Cost of studying abroad varies from country to country and university to university. It also depends upon the course that you want to pursue. Scholarships and part time jobs do cover up the expenses to some extent, however they may not be sufficient. Education loans help you reduce the immediate financial burden to a great extent.
We will assist you
-
In suggesting affordable funding option.
-
Assisting you for Overseas Education Loan process
-
Assisting you in showing 'proof of funds' to the Universities, on sanction prior to admission.
Besides all assistance, our Loan Advisors will also assist you with other ancillary services like:
-
Foreign Exchange
-
Global Forex Card
-
International Sim Card
-
Overseas Travel Insurance
-
1.What does an Educational Loan cover ?It mostly covers your tuition fees, living and accommodation expenses, cost of books, cost of commuting etc.
-
2.What is the loan amount one can get ?The maximum loan amount ranges from Rs.20 lakhs to Rs.1.5 crore. Banks and financial institutions have their own set of criteria for sanctioning the Overseas Education Loan.
-
3.What is the interest rate ?Overseas Education Loan interest rates vary from 9% to 14% depending on the kind of financial institution. Rate of interest at Nationalised Banks is usually 1% to 2.5% lower than Private banks and NBFCs.
-
4. What is the eligibility to avail loan ?You must be an Indian citizen. A co-applicant or a co-borrower is must. It could be anyone like parents, sibling, ldegal guardian or a relative. Banks have their own list of approved Universities and Programs.They do not usually fund distance education, correspondence and certification courses. Collateral Security Loan up to Rs. 4 lakhs - No collateral security Rs. 4 lakhs to Rs. 7.5 lakhs - Security in the form of satisfactory third party guarantee Loan above Rs. 7.5 lakhs: Collateral security of clear title immovable property Co-obligation of parents /guardians /third party along with assignment of future income of the student for payment of instalments
-
5.When should I aply for Education Loan ?Apply for education loan on receipt of offer letter from the University. However, if you are planning to take an education loan it would be better to enquire about the process and start the required documentation beforehand.
-
6.Which Financial Institution to choose ?If education loan interest rates and processing fee concern you, then you should choose a public sector bank since they offer loans on low-interest rates. Overseas Education Loans offered by Nationalized Banks like State Bank of India, Bank of Baroda etc., are usually the most sought after. So, make sure you’re availing a loan at a competitive rate of interest. It makes sense to compare interest rates before applying to any bank. If you don’t have any immovable property (house, plot, shop, commercial building etc.) but you have an admission in a premier institution, then you can approach Private Banks or NBFCs .
-
7.What documents are required ?Duly filled in Education Loan Application Form Offer Letter /Admission Acceptance Letter from University/College Prospectus of University or copy of online course details Details of University World Ranking Statement of cost of study / Schedule of expenses for the entire duration of the course Receipt of Tuition fees paid to the University (If any) Academic Documents 10th & 12th Marksheets with Diploma Certificate (If any) Marksheets of Graduation along with Provisional / Degree Certificate Standardized Test Scores as applicable ( GRE / GMAT / ACT / SAT / IELTS / TOEFEL / PTE etc ) Work Experience Certificate (If any) Photocopy of PAN Card and Aadhar Card of the Student Photocopy of the first and the last page of the Passport Photocopy of Student Visa & Air Ticket (At the time of Disbursement)
-
8.When and how is loan disbursed ?Education loan disbursement means actual release of funds. The disbursement is done after the loan has been sanctioned. Banks do give their share in many cases before the student receives his visa, whenever student is required to pay a part of tuition fee to the University for release of the final offer letter. Thereafter, once the student receives his visa, banks release the education loan in instalments semester wise.
-
9.When does the repayment start ?The tenure of overseas education loan generally ranges from 10 to 15 years. By and large, the repayment starts one year after the course completion or six months after the student is employed - whichever is earlier. But, the interest is charged even during the study period and the moratorium period. Most private banks and NBFCs demand repayment of full or partial interest during the study period.