Education Loan for Abroad: Overview

The inclination of Indian students to pursue their education abroad is ever-increasing. While the UK, the US and Canada remain top choices, EU countries and Australia are not behind in terms of educational opportunities.

According to Australia’s Deputy High Commissioner, the nation currently accommodates around 68,000 students from India. As per RBI’s report, expenses by Indian students on hostel and tuition fees escalated by 44% in 2017 – 18. An education loan for abroad is one of the most preferred options which provides optimum financial support during the course.

With Bajaj Finserv, be assured of getting a Study Loan for abroad through a simple application process. Here’s the complete process below:

1. Know All The Loan-related Details

Begin with knowing the education loan scheme details such as loan amount, interest rates, processing fees, additional features and benefits. Bajaj Finserv brings a transparent policy with no hidden charges involved.

Proceed to apply only after you get complete idea of this Education Loan for abroad.

2. Check If You Qualify

Go through the eligibility criteria and documents required to ensure you qualify for the loan. Failing to meet those parameters can lead to loan rejection, further hampering your credit profile.

You can use the Bajaj Finserv Eligibility Calculator which computes the loan amount you are eligible for instantly. Only provide a few basic details needed.

Also Read: Loan Against Property vs Education Loan: Which one is better for you?

3. Fill Up The Online Application Form

Apply for the Education Loan for abroad studies via the online application form. On submission, our representatives shall contact you within 24 hours. Submit your documents to them after receiving approval and enjoy fast disbursement within 4 days.

Before applying for the Education Loan, you can also use our online Education Loan EMI Calculator to check your monthly outflows towards the loan repayment. Provide unhindered financial support with Bajaj Finserv Mortgage Loan for Education as your child fulfils his/her dream of pursuing education in a foreign institute.