Education Loan Application : Things to Remember

Getting Education loan for study abroad in India from banks and NBFCs is a cumbersome process. In the absence of proper information, many students tend to either take education loan on a higher Rate of Interest or make some other totally avoidable mistakes.In this webinar, the speaker will focus on the things you should look after while applying for an education loan.

Apart from this, the Q&A section in the webinar will also help you to clear any remaining doubts that you may have.

  1. Ask Qs now: You can start asking your questions right away right here.
  2. Answers via video: On Saturday, 22th November, at 7.30 PM, We will answer your Qs via a webinar, which you can join here.
  3. Answers transcribed for future reference: We will transcribe the answers and post them in response to your questions on this page.

Hi, you just spoke of the CIBIL score, could you provide more details on this? As to who requires this score the guarantor or the student?

Hi, Please ask your questions here.

We can get the loan on conditional admit at German University without mortgage? (8.5 Lakh)

1 Like

could you pls confirm on academic documents to keep ready for loan

Can you please suggest me the banks that would offer loans upto 40lakhs? And if possible without collateral? My GRE is 301 and IELTS-7.5. I wish to go to US.

I got an email from University, saying that I’ll get I-20 and tracking number soon, but I didn’t get it yet. Can I still apply for the loan by showing the email that I’ve received from them?

Also, can you suggest the amount of Loan that I should consider taking?

I want to take a loan for commerical aviation. Which bank should I take from

My college list includes colleges around Califronia : Santa Clara, CSU-east bay, fresno, NYIT.

also please confirm the duration by which loan will be disbursed considering SBI bank

Date : 28-Feb-2020 Posted Questions:

  1. What is the process of getting a i20 from the university ?. Can we show the education loan confirmation from bank to get an i20 (or) Is it mandatory to show liquid assets(FDs, LIC) with financial supporter in my (father’s) name in bank account ? Please explain the process in detail for clear understanding.
  1. What is the ideal time to start our education loan process from the State Bank of India or NBFC’s ?

You can post questions here.

  1. Can you explain the process that we need to do during our building evaluation and lawyer evaluation ?. What should we do from student side ?

Since the UK has changed it’s visa rules starting tis September I wanted to know if I can get an unsecured education loan for the UK.

  1. What are the options I have as an NRI to get an unsecured education loans?
  1. What is the interest followed in SBI while processing education loans ?.. What is the fixed ROI percentage in SBI ?

Date : 28-Feb-2020 Posted Questions:

  1. What is the process of getting a i20 from the university ?. Can we show the education loan confirmation from bank to get an i20 (or) Is it mandatory to show liquid assets(FDs, LIC) with financial supporter in my (father’s) name in bank account ? Please explain the process in detail for clear understanding.
  1. What is the ideal time to start our education loan process from the State Bank of India or NBFC’s ?

1, Is there any specific eligibility criteria for availing these Interest Subsidy schemes?
2, What is the average time for loan processing?
3, Is it easier to get loans in SBI/ BOB ? (Because I assume that they have relatively lower interest rate?)
Thank you!
( Will be contacting you guys soon, I got my offer letter from DTU denmark, I am however waiting for other University’s reply to make a conclusive decision. )