Abroad study loan : Education Loans For Studying Outside India - PowerPoint PPT Presentation

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Abroad study loan : Education Loans For Studying Outside India

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It is known as the Abroad Study loan scheme for post-graduate studies in foreign universities starting from 2015-16. – PowerPoint PPT presentation

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Title: Abroad study loan : Education Loans For Studying Outside India


1
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.

4
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.

5
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)

6
https//www.facebook.com/AvanseEducationLoan
https//www.linkedin.com/company/avanse-financial-
services
https//twitter.com/avanseeduloan
https//plus.google.com/AvanseFinancialServicesLt
dMumbai
https//www.youtube.com/channel/UCcsuUx1EH1C08XmX2
embpug
7
  • Read more on Abroad Study Loan
    http//www.avanse.com/studying-abroad/

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