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Avail education Loan to study in foreign land…

Author: Anaya Shroff
by Anaya Shroff
Posted: Nov 14, 2017

There has been a steep rise in the number of students opting for higher studies abroad in the past couple of years. Parents are offered concerned about their children better future and are willing to take a risk in the form of traditional finances to send their kids abroad. However, traditional finance is risky things to deal with as you pay extremely high rate of interest, stringent payment methods as well as keep your valuable property mortgaged to get finances. Making arrangements of education finance involves a focus and a lot of money to prepare for the future right from the cardinal.

A number of banks and private finance companies have come up with overseas Education Loans that is availed at an extremely low rate of interest, a fair amount of tenure to repay it and flexible ways of loan repayment.

One of the biggest concerns for parents and children is whenever they take admission in foreign university they have to show sufficient proof of funds. Every student has its own set of a problem such as getting visa clearance, funds approvals, slow loan processing, no sufficient finances etc. Therefore, there are leading private finance firms that have come up with a unique and friendly solution for customers such as Pre-Visa Disbursement Loan, Pre-Admission Loan, Certificate of Availability of Funds, GRE score based loan, Bridge loan, fast track loan etc. that cater to exclusive needs of students. It sets them free from these obstacles in their road for career development.

Private finance firms are often backed by a team of qualified and experienced staff. They offer a valuable piece of advice to clients and help them figure out the right university and study opportunities in countries like Canada, USA, UK, New Zealand, France, etc These loans are offered with interest rates as low as 12.75% and a mere processing fee of just 1-2% on overseas Education Loans amount.

Companies are willing to fund 100% education finance for ambitious students along with doorstep facilities. The loan will be disbursed within 4 working days in the bank account. Students can pay as per their flexibility and have the option to repay from abroad as well. Thus, a part-time job or sedentary lifestyle will help you reduce the burden of loan repayment.

Some advantage of overseas study loan

  • It covers travel and accommodation expenses along with academic fees
  • Tuition fees and library charges will be taken care of
  • Cost of equipment, stationery, other related apparatus
  • Expenses of study tours and trips
  • Different projects and coursework can be covered with the help of a loan

To land on the best education finance, you will have to conduct a little bit of research on the internet and compare between various lenders. Shortlist at least 5 alternatives that fit your requirements and then compare them carefully in terms of interest rates, loan tenure, flexible repayment options, etc.

After applying for Education Loans it usually takes up to a fortnight for the loan to get sanctioned if all the documents and verification process falls into place. To avoid any form of delay in the loan approval process, make sure you fill the form without making any errors and attach all the relevant documents carefully.

About the Author

Hi, I am Anaya shroff is working with Education loan comapny as adviser owing good knowledge of loans policies such as study loan, study in usa,, overseas education loan so on.

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Author: Anaya Shroff

Anaya Shroff

Member since: Aug 04, 2017
Published articles: 7

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