Education | Abroad Study Loan, Graduation and Career

Abroad study loan is repaid by the student. Generally, the repayment starts when the course is completed. During the course period, the bank charges simple interest rate on the loan. The payment of simple interest during the course period lessens the equated monthly installment (EMI) burden on the student for future repayments.

Opting for study loan reduces the strain on your family savings and eliminates the need to liquidate your investments in fixed deposits, mutual funds or bonds. Besides, the interest on an education loan is eligible for a tax rebate under Section 80 E of the Income Tax Act 1961.

Education/Overseas Education loan is basically a form of monetary assistance availed by students to meet the expenses associated with their studies.

Types of Educational Loans:

1. Abroad Loan: Loan given for studying out of country.
2. Domestic Loan: Loan given for studying within a country.

• 100% Educational Finance
• Tuition Fees
• Accessories/ Laptop
• Hostel Expenses
• Travel Air Tickets
• Quick Loan Sanction
• Unbiased comparison between different banks

Loan Process:

• Eligibility Criteria
• Profile Assessment
• Application Process
• Document Submission
• Loan Sanction
• Loan Disbursement

1.  Academic Records
2. Proof of admission (Offer Letter, Admission Letter)
3. Schedule of Expenses
4. Gap Certificate if applicable
5. Passport
6. Pan card
7. Adhar card

1. Pan card
2. Adhar card
3. Passport Size Photo

1. IT returns of last 2 year
2. Bank statement of last two year

Property related document for mortgage:

1. Agreement
2. Sales Deed
3. Society registration certificate
4. Approved layout copy/ layout order
5. Approved building plan
6. Commencement and completion certificate
7. Index 2
8. Latest 7/12, 6D
9. NA Order
10. NA Tax Receipt
11. Property Tax Receipt
12. Share Certificate
13. Light Bill