Education loan for abroad studies presentation
                     Education Loan for 
Abroad Studies
Introduction to Education 
Loans to Study Abroad
Money that is borrowed by 
a person to finance abroad 
education-related 
expenses. You can go 
through the 
first episode of the YouTube 
series- 
Loanflix to get an overview 
 of 
of the abroad education Free
cost
 
loans. ice  serv
Govt. Funded Organization
Benefits of applying for an 
education loan
Easily available
Repayment tenure usually starts 6 months after 
course completion
Entire education-related expense coverage – 
tuition fee, admission fee, living expenses etc.
Available for a wide range of courses
Income tax benefits can be claimed
Interest Collatera
Rate l
Different 
Aspects 
Processi of an Loan 
ng Fee educatio Margin
n loan 
Co- for Repaym
applican
ent 
t/co- abroad 
tenure
signer sMtuordaiteorsi
um 
period
Interes It is the cost of borrowing money, 
t rate expressed as a 
percentage of the 
loan’s principal 
amount. Different 
banks charge 
different interest 
rates on education 
loan for studies 
abroad. 
Collate Collateral is an 
Immovable property 
ral (House, Flat or 
Land) or any other 
asset, preferably 
liquid asset, such as 
FD, shares, bonds, 
gold etc. that a 
borrower offers to a 
financier to secure 
the loan.
Loan margin is the 
Loan amount that the 
Margin student/borrower 
needs to incur in 
order to cover the 
entire education 
expenses. Public 
sector banks such as 
SBI provide 90% 
expense coverage, 
the remaining 10% 
is the margin.
Moratori The moratorium 
um period refers to a 
Period time period during 
the loan term when 
the borrower is not 
required to repay the 
loan amount or EMI. 
Usually, the 
moratorium period is 
course duration plus 
6 months or a year.
Repaym The period during which you are allowed 
ent to make payment via 
EMI in order to repay 
Tenure the loan amount. The 
average repayment 
period is for 5 to 7 
years as per our 
market survey. 
However, most of the 
banks that provide 
education loan for 
abroad studies have 
10 to 15 years as the 
repayment tenure.
A co-applicant is a 
Co- person who will 
applicant/ qualify for 
Co-signer repayment of the 
loan, in case, the 
primary borrower of 
the loan is unable to 
do so. Parents; 
Spouse; Parents-in-
law or Guardian; 
Siblings are 
accepted as co-
applicants. 
Banks charge an 
Processi application 
ng Fee processing fee which 
c is at times 
refundable, 
depending on the 
bank you will avail a 
loan from. It is 
between INR 5000 to 
INR 10,000 for public 
and private banks 
but for NBFCs, it is 
usually 1% to 1.5% of 
the loan amount.
Procedure- 
Education loan for abroad  s
tudieWseMakeScholars 
provides the list Go to the bank 
of documents branch with 
Fill the online and connects you required 
application with the nearest documents and 
form bank branch. acquire details of 
the lawyer and 
Step Step vaSlutateorp.  
1 2 3
Post visa 
approval, 
student visits 
the bank and Step Step Step 
completes the 6 5 4
property After the loan is Complete The lawyer and 
mortgage sanctioned, you documents the valuator will 
process. will be required are sent to submit the 
Disbursement to sign the RACPC or reports to the 
agreement is documents RBO. bank branch
signed and 
disbursement of 
loan amount 
takes place.
Documents required- 
Education loan for abroad  studies
Filled Application Form
Photos  and Photo ID– Applicant and Co-
Applicant
PAN card, Aadhaar card, Driving license, Passport 
or voter’s ID
Proof of Residence and Proof of Admission to a 
univec rsity
Documents related to your Academics
Financial statement
Co-Applicant’s Income Proof
Immovable Property Documentation, if the 
collateral is needed
Free of
c  ost
s  ervice
Thc ank 
You
Govt. Funded Organization