Know More About Education Loan for different countries
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Education Loans for Other countries

Updated on Nov 15, 2022
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Colleges demanding exorbitant tuition fees and students spending significantly more on living expenditures compared to India sometimes derail students' hopes of pursuing education overseas. Scholarship programs and other similar initiatives sponsored by various corporate and public institutions have made studying abroad accessible for a select group of students who have the gift of intellect. Still, the vast majority have been left out.

For students who want to pursue their dreams abroad, public and private banks and other financial institutions have stepped in to provide Education Loans.

On the other hand, financial institutions have established stringent eligibility requirements, which students must meet to qualify for an Education Loan. The first and most important factor in evaluating is whether you are eligible to apply for the loan.

General Eligibility Criteria

Below are the general eligibility criteria that all banks follow:

  • The applicant must be an Indian citizen with strong academic records.

  • The applicant must be interested in enrolling in a professional or technical program. Banks prefer to lend money to people taking courses that will help them get a job.

  • The applicant must be accepted to an overseas university.

  • If the applicant is under the age of 18, their parents will be required to take the loan in their name.

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