Abroad study loan : Education Loans For Studying Outside India

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Abroad Study Loan
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(No Transcript)
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Education Loans For Studying Outside India

• The overseas education costs are higher compared
  to studying at home.
• It includes paying the fee in foreign currency,
  living costs, books and other expenses.
• Therefore, the financial institutions offer loans
  that meet students requirements, but the loan
  amount varies from one bank and NBFC to another.
• It depends on the course, duration of study, and
  the country one opts for.

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The Requirements and Conditions

• Parent and student will be co-applicants and
  there are no margin requirements for loans below
  Rupees Four Lakhs.
• The loan repayment tenure is between 10 and 15
  years. It is based on the amount and differs
  from one financial institution to another.
• That said, in most cases, the repayment period
  begins 6 months to 1 year after completion of
  education or finding a job, whichever is earlier.

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Government Schemes

• In a recent move, the Telangana government, in a
  budget of Rs. 425 Crores for fast scheme,
  reserved Rs. 25 Crores for minority students
  willing to study abroad.
• The budget of 25 Crores will help 250 students go
  abroad to pursue higher education.
• It is known as the Abroad Study loan scheme for
  post-graduate studies in foreign universities
  starting from 2015-16.
• Source (http//bit.ly/1YtPf6n)

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

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