Study Abroad # Take Loans

Studying abroad is something most of us neglect, thinking the money it would cost. This leads into other issues as well and we miss the most exciting journey of our lives.
Well, if you are one of them, then I guess it is time you realize that no matter you study abroad or within the country, the cost is almost the same. That is first thing. Second, yes there are scholarships and financial aids provided. But then, what next. Sometimes even the scholarships are not enough. Well, in that case the banks provide loans.
Foreign education loans have similar terms as those prevailing in the country. In both the cases, the student and the guardian or parents are treated as co-applicants. There is no margin requirement for loans below four lakh.

The loan tenure depends on the amount of the loan taken. For example, loan up to 7.5 lakh taken under the Baroda scholar program is repayable in ten years. The tenure may increase if the loan amount is higher. Even more, you need not to start paying the loans the moment you complete the degree. You are given 6 months to 1 year after getting the job, whichever is earlier.

However, there are differences relating to the amount and margin requirements for local study vs. abroad study.
You need to take the leap of faith. The faith that says I am going to follow my dreams. This time either I will get the ground or learn how to fly. So, all of you, take the leap of faith, trust that everything will work out in your favor. It could be scary initially, but as long as you listen to your heart, you will always chart a new path for yourself.

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  • Josephine VICTOR

    Is there a way for student below 10yrs to get sponsorship in Canada or U.S.

  • in any country like usa,canada and australia can student visa possible without Ielts.?

  • i want to ask you that if i apply for working visa of canda
    i m graduate (BCA) + 3 months experience of technical support
    so what is the eligibility criteria ????
    like i hav to clear ielts either no ??

    • You can go for Work + Study. It is easy. Pleasee call us.

      • abhishek govindaraj

        hey there myself abhishek i am from Bangalore i have got offer letter from cardiff university. but i am not able to arrange for loan as i don’t have any colleteral, and i recently took my ielts and got a 6.5 overall like 7 in speaking and 6.5 in the rest. so can you help me in availing a loan of upto 20 lakhs???

  • I going to attempt ielts xaam on 11 feb
    I completed my graduation in commerce with 63% in june 2015
    +2 -84.9 %
    I want to take may intake i’m not financially strong my family can arrange for gic but can i get loan for fee for study in canada?

  • How much loan I can take?

    • Thanks for query.
      Up-to Rs.20Lakh for normal college.
      For ranking university, up-to Rs.40Lakh.

      • Unsecured loans only upto 7.5 lakhs. Banks only finance MS and MBA courses over that amount. Others you need to furnish collateral like property or FD. If you are poor, bad luck. Banks care two hoots about you. Merit has nothing to do with it. It’s a money spinning enterprise.

        NB- If you have collateral, go with public sector banks which have low interest rates. Don’t go with banks like ICICI. They are a scam.

  • kodandarao chellapilli

    Thank you for your help and support for the information though has given me! You are increased my faith and my life long goal.It is a heart touch full quote. I have no words to express my thanks to you.

  • Mahjabeen Fatima Sarfaraz

    My name is fatima and I am Kashmir. I have recently graduated with a first class honors in finance from Malaysia. I have applied in Australian National University, University of queensland, Jonkoping University, Sweden. I have got offer from all the three places but the main obstacle is financing. Therefore I am really worried and confused.

  • Aneesuddin sheikh

    M from India , Bcom graduate, can I get the scholarship (full fees) to study in UK (1 year Mba)

  • i have a question.

    My Name is Ankit Gautam, I did my in Mechanical and having 5 years Experience in Steel Manufacturing company.and my wife did Master of commerce..and she got CLB5 level IELTS result. Now please tell me how much IELTS BAND i Required for Candian PR or Australian PR.

    Ankit Gautam

  • Hello i am having an issue
    Is there any criteria to get loan for studying abroad like scoring 6.5 or 7 bands in ielts and property should in town ?

  • I am Vijithra Ramaraj. I am graduate with 3 years 6 months experience may I get work visa in Canada. I am financially weak so any one give loan for ielts exam

  • hii, can i get scholarship if i planning for new-zealand . according to IELTS score can i get scholarship also?

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