The number of students opting for higher education abroad has increased exponentially in the past two decades. Also, there is a drastic increase in the number of students opting for overseas education loan due to increase in the expenses of quality education abroad. Today there are numerous lenders offering loans to students.
Education loan for India is also available for students wanting to study in Indian colleges. There is, however, some difference in the requirements for overseas and Indian education loans. In general, when applying for a study loan, you must keep in mind the following criteria:
Lenders (Banks) have their own criteria developed for the upper limit of the loan, the interest rate to be charged and the period and mode of repayment.
Lenders usually have some pre-approved courses and institutions and usually sanction education loans on the basis of the quality of the institution, relevance of the course to career options, credit worthiness of the guarantor or co-applicant.
For those applying for education loan for India, lenders will look for AICTE or UGC approval
If you are a student from India aspiring to study abroad or in a good Indian university, you can make the process easier by choosing to apply through The ATA - Achievers Training Academy Overseas Consultants. We have been providing high quality education consultancy service to Indian students for decades. The ATA - Achievers Training Academy have been helping thousands of students each year to identify the right studying opportunities abroad.