Abroad Study Loan : How to turn your dream of studying abroad into reality?

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Abroad Study Loan
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• How to turn your dream of studying abroad into
  reality

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• Education is the most important resource that
  leads to live a luxurious and better future life
  ahead. Its like the first building block towards
  your constructive future. The more you have
  knowledge the more you propel in your career
  ahead. However, to get the right launch platform
  it is very important that you have your schooling
  done from a reputed institute or university. Many
  students pick up their career path only after
  schooling. They then start to realize what sector
  they have to choose and what is the future focus
  on their higher studies is which could be
  studying abroad dreams as well.
• Today, students from different countries travel
  across the world to other countries to pursue
  their higher studies. Making a career abroad not
  only helps them to improve their educational
  experiences but also takes their career to new
  heights. Most of the time it nurtures your child
  how to interact with people, understand their
  culture, live under foreign conditions and carve
  a path for their progress while study abroad.

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• When it comes to study abroad it seems a costly
  affair for parents to finance their childrens
  higher education in foreign university. A picture
  of various concerns just runs into your minds and
  front of your eyes. These could be tuition fees,
  travelling expenses, hostel accommodation, book
  materials fees, health issues, a handful of
  amount to sustain over the period and much more.
  With a high cost attached to it often parents and
  students have to sacrifice their dreams because
  of the high expenses associated with it.
• However, today in India there are many public and
  private finance companies who arrange abroad
  study loans for such needy people to fulfill
  their dreams of pursuing higher studies abroad.
  Such companies provide complete care for students
  while pursuing their higher studies abroad
  through these loans which act as a helping hand
  for kids in foreign countries.

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• Different companies have different strategies and
  concepts to counter the problems of students for
  their higher studies in abroad. While some
  companies offer abroad study loan at margin money
  structure, many give 100 finance for your study
  abroad education. Besides 100 tuition fee, the
  loan amount also covers other expenses such as
  living expenses, funds for purchasing books and
  computers, travel expenses, and other expenses
  related to studying abroad. Thus, it helps
  student to live a financially independent life
  thereby not raising any burden on their family
  for their higher studies. These finance companies
  also keep you away from the worry about repayment
  until you complete your education in foreign
  university due to the moratorium period.

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• Just in case you have a confirmed admission or
  your I-20(USA) and struggling to get a VISA for
  flying, you can approach finance companies who
  could offer you Pre-Visa Disbursement Loan that
  will help you secure your Visa. Thus, it provides
  you with a proof of availability of requisite
  funds that is required during Visa interview.
• There are numerous banks and private finance
  firms who offer abroad study loan at an average
  rate between 11 and 14 based on floating rate
  methodology. It is advisable never settle down
  on any one bank or finance firm, its best for
  you to apply to multiple banks, in case your loan
  application were to get rejected by one.

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• Usually if the loan amount is lesser you dont
  required any guarantor however, if it exceeds
  more than 5 lakh you will be required to have a
  co-signer someone like your parents or caretaker
  who has to sign the loan with you, agreeing to
  pay your debt, incase you fail to do so. If your
  loan exceeds an amount of 7.5 lakh you would have
  to offer collateral security such as residential
  property (house/flat/apartment), fixed deposits,
  life insurances with surrender value, or
  mortgaged property etc.
• Without education a person is incomplete, so
  education makes man a right thinker and a correct
  decision maker. Dont settle down for your
  unfulfilled dreams when you can carve your own
  future path with help of abroad study loans. It
  acts like a foster family for in abroad who takes
  completer care of students in the unknown land.
• Source http//www.slideshare.net/RahulSingh1165/
  abroad-study-loan-how-to-turn-your-dream-of-studyi
  ng-abroad-into-reality
•  

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• Read more on Abroad Study Loan
  http//www.avanse.com/studying-abroad/

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