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Overseas Education Loan an Overview

Know about the basics of Overseas Education Loan, requirement, eligibility, repayment, and other things that are essential to know before making a loan application.

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Overseas Education Loan an Overview

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  1. Overseas Education Loan an Overview www.elanloans.com

  2. Eligibility to avail Study Abroad Loan • Factors of Suitability for Education Loans • Applicants Age • For non-employed personnel - 35 years • For working employees - 45 years www.elanloans.com

  3. Who is eligible? • Indian Nationals who have obtained admission in institutions or universities for varied programs • Higher education aspirants • Having good history of qualification and those intending to procure higher professional qualifications • Permanent employees of Indian located organisations more than 3 years www.elanloans.com

  4. Expenses Funded by Bank • Admission fees • Monthly Fees • Examination Fees • Books, Stationery and Equipments • Airfare • Purchase of study materials • Accommodation (depends on the bank) www.elanloans.com

  5. Repayment Frequency • Monthly if the borrower of education loan for higher studies abroad opts to pay for Simple Interest • EMI after the moratorium period which typically starts 1 year after completing the program or six months after securing a job, whichever is earlier Repayment Period • Varies from 7 to 15 years www.elanloans.com

  6. Contact Us: Visit here: www.elanloans.com Address: 'Krishna', Plot No.10/2, I.T. Park, Opp. V.N.I.T, Behind Infotech Tower, Parsodi, Nagpur, Maharashtra, India-440022 Contact No. : 7447757842 Email Id: info@elanloans.com

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