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Bridge The Gap

International Universities offer an array of integrated and interdisciplinary courses and placement opportunities which are unavailable in India. The duration of the course is also flexible without compromising on the quality and outcomes that are expected from the concerned area of study to compete in today’s advanced global era. Though the digital times have brought out glocal experiences into your private spaces, cultural assimilation and expansion of individual horizons take place when you meet people from diverse cultures. Take that leap to pass through different circumstances and create something of your own

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Matglober Education Loan Fair 2024
Matglober Education Loan Fair 2024

How to Get an Education Loan for Studying Abroad in 2024

 

Pursuing higher education abroad is a dream for many students, but financing it can be a challenge. Education loans have become a popular solution, providing financial support to students aiming to study at international universities. In this blog, we’ll discuss how to get an education loan for studying abroad in 2024, focusing on full-time regular courses, the types of loans available, and tips to secure one.

  1. Secured Education Loans (With Collateral)

Secured loans require students or their families to pledge collateral like property, fixed deposits, or other valuable assets. Since these loans come with security, they generally offer lower interest rates. These are ideal for students seeking a larger loan amount.

  1. Unsecured Education Loans (Without Collateral)

Unsecured loans do not require any collateral but typically come with higher interest rates due to the increased risk for the lender. However, many banks and financial institutions still offer significant loan amounts to students with a good academic record or admission to reputed institutions abroad. Many students prefer unsecured loans due to the lack of property or valuable assets.

Collateral & Non Collateral Loans

Eligibility Criteria for an Education Loan for Studying Abroad

Here are some of the typical eligibility criteria you need to meet to apply for an education loan to study abroad:

  1. Indian citizenship.
  2. Admission to a recognized foreign university.
  3. Age limit: Usually between 18 and 35 years (varies by lender).
  4. Academic performance: Many lenders consider academic performance when assessing eligibility.
  5. Courses covered: Loans are typically granted for full-time professional and technical courses.

Matglober Edu Loan Fair 2024

Collateral & Non Collateral Loans

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