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interest rates | Swift loan
disbursement | Personal loan
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Wise Experts’s Stellar Education Loan
Support for Aspirants Wishing to
Study Abroad
Several students
across India wish to turn their dream of
gaining overseas education a reality.
There is a healthy dose of fear and
apprehensions surrounding the topic, for
enduring the financially arduous process
can end up with a hole in the student’s
pocket. Hence, educations loans are the
perfect solution to appease such fears.
We, at Wise Experts, are honoured and obliged to
assist our students with exclusive
education loan support services to make
this journey that much easier and
happier.
Applying for an
education loan can be a stressful
process and hence Wise Experts takes pride in
making this process a smooth sailing one
instead. Our expert team takes over the
documentation process as a whole and
ensures all the formalities are well met
so your dreams can get your undivided
attention.
Education
financing is unique to each student.
Therefore, Wise Experts offers assistance with
loans of both kinds— secured &
unsecured.
With our
services, we ensure that your dreams
never go unfulfilled and encourage you
to fly high!
“Chase your study abroad dreams sans
any worry. Wise Experts takes privilege in
serving your educational dreams.”
The Best Education Loan Providers
in India for Study Abroad
Apart from
these, there are copious other banks
from both public and private sectors as
well as lenders that offer loans for
overseas education.
The loan
customarily includes the
following:
Tuition
fees
Examination,
library, laboratory and hostel
expenses
Cost
of purchasing books, academic
equipment, instruments and
uniform
Fair
of travelling abroad
Precautionary
money, refundable deposits,
etc.
Eligibility for Acquiring an
Overseas Education Loan
Studying abroad
is a dream chased by millions. It is
indeed a multifaceted aspiration. Not
only do you gain exposure to quality
education and exemplary employment
opportunities, but you also unveil a
plethora of colours and cultures that
grace the human race. Moreover, the
multitude of centennial universities
across the globe provides the students
with abundant flexibility to be picky
about their fields of expertise, thus
enhancing their abilities to carve their
own niche. Gaining self-dependency and
endless occasions for travelling
internationally are mere delightful
cherries on this delicious cake.
Several lenders
and banks provide loans in accordance
with the loan’s upper limit, rate of
interest, duration of the time period,
and mode of repayment whereas some
determine it based on the university’s
or college’s ranking, the program the
applicant is going to partake in along
with the guarantor’s financial
competence. Albeit some lenders and
banks only offer loans for the
international universities and colleges
recognised by them.
Following is the
general eligibility criteria for Indian
students to procure a bank loan for
overseas education.
The
student must be an Indian
citizen.
Usually,
candidates between the age of 18 and
35 are preferred.
An
exemplary academic record works in
the favour of the student.
The
student must have a co-borrower
(parents or guardian) to act as
guarantor for the loan.
Prerequisite
collateral.
Documentation
is a key element in securing a loan.
Ensuring you have the following
documents handy will make the process
that much smoother.
Last authorized
examination’s mark sheet
Proof of admission
Course’s schedule of
expenses
Scholarship confirmation
letter copy
Two passport size
photographs
Borrower’s bank
account statement of last
six months
Assessment order of income
tax, not later than two
years
A short statement of assets
and liabilities of the
borrower
How will Wise Experts help you in securing
an overseas education loan?
Wise
Experts-MBBS Abroad, with its 18 years
of experience, is a veteran in the field
of overseas education. At Wise Experts, we
believe in always bringing our best to
the table and hence, our cadre of
counsellors are trained to deliver
endless support to our students.
With over 12,000
successful international admissions and
1,50,000 impeccably satisfied students
and clients, we thrive on making dreams
come true!
Our team is one
hardworking bunch and will make sure you
are supported on every step, beginning
with career counselling to navigating
financial hurdles.
Loan Procedure
The simplest four-step procedure for obtaining a study abroad loan.
This
type of loan is offered to the
aspirants of undergraduate as
well as postgraduate. Both banks
and non banking financial
companies have abroad education
loans as their basic product to
offer to their clients.
Professional courses, however,
get more preference by
banks.
Provided
that the student has an
excellent academic record and
all bonafide documents, an
abroad education loan is easily
accessible. The applicants
should fall within the age limit
if 18 – 35 years old. The
process of application cannot be
commenced if the loan borrower
does not possess a Letter of
Acceptance from the
university/college he desires to
pursue his UG/PG program.
You
would be elated to know that
there is no maximum loan limit
set for overseas education loan.
Nevertheless, generally,
financial institutes sanction
loans upto 20-30 lakhs. Interest
rates surge when the loan amount
exceeds 20 lakhs.
Non
– movable properties:
residential properties,
commercial properties except
agricultural properties are
permissible as collateral
securities. As far as movable
properties are concerned, FD,
term life insurance policies,
government securities, gold, and
so on are accepted
easily.
Essential
legal papers required for an
international educational loan
are last authorised
examination’s mark sheet, proof
of admission, course’s schedule
of expenses, scholarship
confirmation letter copy, two
passport size photographs,
borrower’s bank account
statement of last six months,
assessment order of income tax
not later than two years and a
short statement of assets and
liabilities of the
borrower.