Basic eligibility criteria for Education/Abroad Study Education Loan

So, you are applying for an Education loan for abroad studies?

It’s a dream of every student to get their higher education with the best education system or University, well infrastructure, industry experts, and a better lifestyle. However, with the knowledge and expertise, students need finance to full fill their career dreams because not everyone is financially literate.

Most of the dreams of students to pursue education in abroad are dusted by colleges charging high tuition fees and student spending so much more on living costs as compared to India.

students who have excellent educational background can get an abroad study loan to pursue their dream career. Indian banks are providing them financial assistance and education loan. However, their is eligibility criteria given by different financial institutions and banks. It is important to be eligible for the education loan.

Following are the general eligibility criteria points you can consider before applying study abroad loan provided by education loan agency and banks,

Basic Eligibility Criteria for Education Loan:

1. Student is to be citizen of India.
2. The loan applicant must have good academic background.
3. Must have secure admission to a recognized foreign university/College.
4. Age: Minimum 18

Documents required to apply study loan:

1. Passport
2. Proof of identity ( Aadhar/Pan/Passport)
3. 10th and 12th Std results
4. Graduation result (if applicable)
5. Entrance exam result (TOEFL/IELTS/GRE)
6. Proof of admission from the insitution/university
7. Passport Size photos
8. Previous loan account statement (if applicable)
9. Salary slip of last 3 months (co-applicant)
10. Proof of identity (co-applicant)
11. Bank account statement of the last 6 months (salary account)

The education to its approval the entire process is time taking, so it is advisable to apply for an education loan for abroad study months in advance.

For easy process and free consultation connect with Swami Educational and Financial Services, Nashik. From zero commission, easy process to 100% loan sanction. So you focus on your studies, leave the finances to us!

Connect with SEFS now!