How to Get Student Loan For abroad In India.

How to Get Student Loan For abroad In  India:Now a days Students are looking for higher education in India  and abroad  like USA,UK, Canada,Australia,Singapore and  Malaysia.Education is little bit high cost in abroad   so loan may be required to meet the expenses in various countries. we will give you the details of the various banks in India which are offering loans for  students who goes to abroad for higher education.Very first the student who required the loan must get the Admission from various universities in respected countries then they need to apply the Loan in India.


Eligible Education in outside India:

Post Graduation Degree and Diploma courses like MCA, MBA, MS and Technical/Job orianted  eduction.

Eligible Education in India :  

Regula Degree/Deploma/Graduation/Post-graduation/Technical and profession Degree approved by UGC/AICTE/IMC/IIT,IIM and Government colleges.
 Regular Aeronautical Deploma, pilot training and Diploma in  shipping  which are approved by Director General of Civil Aviation/Shipping
 Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM etc
 Nursing and Teacher Training approved by State and Central Government


Student need provide the following documents for applying loan in  bank:  

•     Completed Education Loan Application Form.
•     ID & Address Proof
•     2 passport size photographs
•     Mark sheets of last qualifying examination
•     PAN Card of the student and the Parent/ Guardian
•     Proof of admission scholarship, studentship etc
•     Schedule of expenses for the specified course
•     Borrower's Bank account statement for the last six months
•     Brief statement of assets and liabilities, of the Co-borrower
•     Income tax Returns/ IT assessment order, of last 2 yrs (If IT Payee)
•     Proof of Income (i.e. Salary slips/ Form 16 etc. if applicable)

For Education in India loans are available up to 10 lakhs  In India and up to 30 lakhs for foregin education it depends on the bank.

Interest rates are vary depends on the bank

Loan repayment duration would be up to 15 to 20 years depends on the bank.

According to the Income Tax Act 1961 Tax Rebate available for interest you pay against the Loan under Section 80-E

following banks are giving education Loans:
SBI,HDFC,ICICI,etc.