International education has rapidly increased in recent years. Due to this, the financial challenges for many students have also risen. For several students, the savings or Scholarships alone are not enough to meet the living expenses, travel expenses, and other related costs in abroad universities. Due to this, the Education Load for Abroad Studies plays a vital role; hence, this educational load allows you to access quality education without any financial burdens.
The main reason to get an Educational Loan is to help students aspiring to study abroad. These loans also provide financial support to cover your wide range of expenses, starting from the tuition fee and accommodation expenses to travel and insurance expenses. Beyond Consultancy provides free loan support and guides you through the complexities of obtaining an education loan to start your study abroad journey.
These educational loans enable you to borrow a larger amount to cover your living costs, tuition fees and other costs relevant to your study. Typically, secured education loans require the borrower to provide collateral that could be in the form of immovable assets like a flat, land, or more.
The students who don’t have access to assets for collateral can choose a Study abroad loan without collateral or an unsecured loan. These kinds of loans are offered depending on your academic profile, the courses, and the university you are attending. It is a better option for those who don't have any property to pledge but still wish to pursue international studies.
Some Government Banks like State Bank of India (SBI), Bank of Baroda, and others offer more favourable interest, for educational loans. This will be an ideal choice for students with cost cost-conscious students. Usually, the Educational Loans from Government banks come with additional benefits like longer repayment period, lower processing fees and more.
A Few Private banks like ICICI Bank, HDFC Bank, and Axis Bank provide a quick application process and are more flexible in loan terms. These banks charge lower interest rates, which might be slightly higher compared to government banks.
In the Educational Loan landscape, Non-Banking Financial companies (NBFCs) and international loan providers have become a Significant part in the study abroad journey. Compared to other traditional banks, these lenders are more flexible and innovative in their loan offerings.
It is also an essential part; it also offers loans, particularly designed for studying in Certain countries or universities. These loans might also provide flexible interest rates and additional benefits.
The candidates must meet specific criteria to apply for an Educational Loan. The Eligibility Criteria Include:
International students need to have a strong academic record, with a minimum passing grade in their previous education. Candidates should have performed in standardised proficiency tests.
One of the most crucial requirements is to get admitted to a popular university; hence, many lenders offer educational loans for esteemed academic institutions with proper certification.
Many education loans, unsecured loans require a co-applicant, like a guardian or parent. These Co-applicants must have a stable income anda strong credit history. The co-applicants must have a stable income and good credit history. In securing an education loan, Financial credentials play an important role.
It is essential to provide tangible collateral, like fixed deposits or property, with required legal documentation.
In the first step, research and compare many lenders based on their loan amount, interest rate and repayment terms. If you found the right lender or bank relevant to your requirements, you must fill out the application form with accurate information related to your courses, university, and personal information. This may be done either online or offline.
Once the application is completed, make sure to attach all the required documents, such as your identity proofs, confirmation, co-applicant's income proof, and collateral (if required). Submit your accurate and completed credentials for quicker processing and to avoid delays or application rejection.
After the document submission, the lenders evaluate your profile and documents, assess your eligibility criteria, and then assess your educational and financial credibility. In case your application is approved, you will receive a sanction letter mentioning the loan amount, rate of interest, repayment terms and the disbursement conditions.
After signing the agreement and agreeing to the terms and conditions, based on the university’s fee schedule or as per your requirements, the fund will be allocated. At Beondin, we provide proficient advice throughout your education loan journey.
years of experience
the best Overseas Education Loan Consultants offers personalised guidance in choosing the right education loan structure for your needs.
with immigration services, provide expert advice on visa types, application process, and immigration pathways also provide post-landing and settlement support. We guide you throughout the process,
experience ensure that all loan applications adhere to legal and regulatory standards. Our main aim is to to reduce the risk of refusal or delay.
I am Abinaya, Data Science student. Beondin helped me to get the educational loan and made the whole process effortless and stress-free. Finally the education loan was approved. Their personalised assistance was very helpful for me.
This is Sachu, an MBA student. When I was with no collateral and without any hope in starting my abroad education journey, Beondin was an excellent place for me to choose the right NBFC. They guided me very well throughout all the stages and helped me to get a collateral-free loan. Their support made a huge difference in my life.
Sneha, an MS biotechnology student, and the experience consultants at Beondin Consultancy, gave me personal and strong support to get an educational loan to begin my educational career abroad. Their exceptional education loan processing and immigration guidance were outstanding and incredibly helpful for me.
Contact us to get immediate support and help in obtaining the education loan, and to commence your international education journey. Quick response within 24 hours guaranteed.
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Yes, several lenders provide unsecured education loans for students to study abroad, particularly for recognised universities. The application approval may depend on your educational profile, course, and the financial background of the co-applicant.
The interest rates for international study loans may typically range between 8% to 15% per year. But this rate may vary based on the lender or bank, loan type whether secured or unsecured, and university. Beondin help you to compare several options and select the most appropriate and competitive one relevant to your financial needs and academic goals.
Usually, the Loan process time, starting from the application stage to disbursement, may take 2 to 6 weeks, based on the lender and document preparation. Hence, even based on the loan type, this application process may vary.
Yes, many of the unsecured loans require a co-signer or co-applicants, with a stable financial background or income and good credit history. Study abroad consultants like Beondin, guide you in choosing the appropriate bank based on your profile and your co-application financial history.
Yes, Beondin’s loan assistance is Free loan support for students. We only charge our reasonable service charges. We ensure to offer continuous assistance throughout the application process and make your study abroad loan journey stress-free and transparent. Free loan support for students
