International Student Loans: If you are a student, and you want to study abroad, you can get an international student loan. If you apply for a loan for education, the application is accepted immediately. If you are a bright student, you can get a loan of more than ₹20 lakh. We know this loan as student loan. If you want to further study for a better future, you can apply for this loan.
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So student friends, in this article today we will know how you can take education loan. You can get loans from ₹2,00,000 to ₹20,00,000. So, in this article we will know the complete process of taking a loan, its eligibility, documents and how to apply.
Along with this, many student loan schemes have been launched by the government to prepare the foundation of education for the students, by taking advantage of which the student can easily complete his studies. Children who drop out of their studies due to financial reasons can avail student loans and complete their studies anywhere in India or abroad.
What is Internation Student Loan?
Education loan means the amount taken from a bank or a private institution for education or higher education can be called a loan. If you want to study further but cannot study further due to financial problem, in such case a bank or a private institution helps you. If you want to study in India or abroad, you can get this loan by applying for an education loan.
If you want to take an education loan, you must be a student and your education must be ongoing. Through education loan, books and all the materials required for education are provided to the students through this loan. Loans taken for students to get proper higher education are also called student loans. So in this article you are going to get complete information on how to take loan from student bank.
Eligiblity For Internation Student Loan
Check your eligiblity for international student loans
- The applicant must be an Indian citizen.
- They must get admission in a recognized educational institution abroad.
- The age of the applicant should be between 18 to 35 years.
- There should not be any outstanding loan or debt in any bank.
- The applicant must have a good CIBIL score.
Documents
These are documents required for international student loans
- Signed application form with filled form
- 10th/12th exam mark sheet
- Details of course cost
- Age certificate
- Passport size photograph
- Two passport size photographs
- Marksheet
- Bank passbook
- ID proof
- Address proof
- Course details
- PAN card and Aadhaar card of parents and student
- Income certificate of parents
Which Banks Give International Student Loans?
There are many indian banks give international student loans
Central Bank of India, Union Bank, IDBI Bank, Bank of Baroda, Canara Bank, Indian Bank, State Bank of India, Axis Bank, Dhanlaxmi Bank, Punjab National Bank, Allahabad Bank, HDFC Bank, ICICI Bank, City Union Bank, Corporation Bank, Andhra Bank, Bank of India, Bank of Maharashtra.
Types Of Loan
- Career Education Loan: For students pursuing education in government institutes, such as IITs, Engineering, Technology, etc.
- Undergraduate Loan: For graduation level education.
- Professional Graduate Student Loan: For students continuing studies after post graduation.
- Parent Loan: Taken by guardians/parents to finance their child’s education.
Apply Process For Student Loan
- Visit your nearest bank.
- Get the required information from the bank.
- Understand the interest rate offered by the bank.
- Apply for a loan.
- Fill the application form and collect the required documents.
- Submit the application along with the documents to the bank.
- Get the documents verified by the bank and complete the loan process.
Conclusion
International Student loans are an important tool for educational and career development. It helps the students to attain good academic and professional standing. These loan procedures and documentation are simple and straightforward, facilitating students to start their dreams. These loans are tailored to the situation and individual requirements. For all the applicants the institutions are a powerful medium that can make them self-reliant and enable them to progress their student journey well.
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