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Study loan Abroad have come as a boon for millions of aspiring students across India who wish to seek their career abroad. These are the wings that will ultimately help them fly high in the sky of successes through better job facilities and good individual & family growth in life.
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Studying abroad is an expensive thing. The cost factor involved is quite higher compared to studies in India. • Therefore, a proper planning is required to ensure that adequate funds are available when needed during your studies abroad. • Secondly, when you apply for student visa, it is mandatory that you need to show sufficient funds in your bank account to get admission in top notch foreign universities. • Most of the times parents and student who are unable to arrange sufficient finances often decide to scrap the plan of further studies abroad.
But today government of India has taken concrete steps for providing better education facilities to the youth of our nation. • In order to make sure that no student is denied of pursuing higher education, various banks and private finance firms in India have come up with state-of-the-art facilities for Study loan Abroad scheme.
Private sector firms know the value of education in individual’s life. • Just like you ensure no stone is left unturned to meet your education requirements they too try to meet your demands in the form customized solution pertaining to your needs. • Many private finance firms have come up with unique and friendly solution for customers such as Pre-Visa Disbursement Loan, Pre-Admission Loan, Certificate of Availability of Funds, GRE score based loan, Bridge loan, fast track loan etc.
Government banks demand for margin money of around 15-20% of the loan amount to approve Study loan Abroad. • But few of the leading finance firms in India give foreign study loan at no margin money costs. • The interest rates offered are as low as 12.75% and the processing fee is mere 1-2% of the loan amount being calculated on a case-to-case basis. • They design study loans without setting any cap on finance and provide 100% coverage of education costs, making such young talents of India free from unnecessary burdens and leaving them freely pursue their higher education and thereby carve the path of their successes in life.
Repayment tenure for Study loan Abroad in banks or leading finance firms is around 10 years for the amount upto Rs. 7.5 Lacs and 15 years for more than Rs. 7.5 Lacs. • These repayments are done by Equated monthly Installments starting one year after completion of course or 6 months after procurement of the job.
Study loan Abroad have come as a boon for millions of aspiring students across India who wish to seek their career abroad. • These are the wings that will ultimately help them fly high in the sky of successes through better job facilities and good individual & family growth in life.
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