Overseas Education Loan in Indian Banks

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Key Takeaways SBI offers one of the lowest interest rates among public banks. HDFC Credila provides high loan amounts with faster approvals. Several lenders offer collateral-free loans for selected universities. Interest rates are usually floating and linked to benchmark rates. Education loans can cover tuition, living expenses, travel, and insurance. TCS on foreign remittances follows […]

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Factors That Affect Education Loan Approval, Interest Rates & Loan Amount for Abroad Studies

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When you apply for an education loan for abroad studies, getting into a university is only one part of the equation. Lenders also look at your course, academic record, co-applicant’s income, credit history, existing debt, collateral, study destination and the amount you want to borrow. Together, these factors help lenders assess repayment risk and determine […]

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Financial Aid for International Students: How to Afford Studying Abroad

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Studying abroad can be a major investment, but international students have several ways to fund their education. Financial aid for international students may include scholarships, grants, assistantships, savings, family contributions, permitted part-time work and education loans. Rather than relying on a single source, many students combine multiple study abroad funding options to cover tuition and […]

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Education Loan Refinancing After Graduation: When It Makes Sense and When It Doesn’t

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Key Takeaway: Student loan refinancing abroad is a smart move for students and grads who took out an expensive education loan in US at 11-13% (for example) and now earn in a new currency while living or working overseas. By replacing your existing study abroad education loan with a new one from a global lender […]

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How to Get a US Cosigner Education Loan as an Indian Student

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To get a US co-signer for an education loan, start by approaching a trusted relative, family friend, mentor or professional contact living in the USA. The person should generally have a stable income, a good US credit history and the legal status required by the lender. Before asking someone to co-sign, explain the loan amount, […]

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