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Canada is one of the top destinations when it comes to pursuing higher education. The country is the first choice of majority students due to the various advantages it has to offer. Get a brief idea about an education loan for abroad studies process for Canada.
#education loan for canada#education loan to study in canada#overseas education loan#study loan#study in canada
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Planning higher studies in US and looking for finance? Apply for an education loan to study in the United States with 6 simple steps.
#education loan for usa#education loan to study in usa#foreign education loan#overseas education loan#study loan
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Perks of Availing an Education Loan
With the cutthroat competition and rising inflation, availing an overseas education loan has become a must to pursue higher education from a foreign university. Earlier, parents used to save in order to finance their child’s education but in today’s date the cost of quality education is constantly on the rise, and it seems little difficult to be able to save that much amount. Hence, education loan comes to the rescue in such circumstances.
If you are planning to avail an overseas education loan for yourself or for your child, then this blog is for you. We are going to discuss about the perks of taking an education loan. So, without any further ado, let’s get straight into it.
Perks of taking an Overseas Education Loan
1. A Wide Range of Expenses are Covered
Education loan for higher studies abroad covers almost all the necessary expenses including the tuition fees, accommodation charges, travel tickets, living expenses, charges for laptop and any other expenses like field visit required to successfully complete the degree.
2. Lower Rate of Interests
The interest rates on the overseas education loan are quite less comparative to any other loan like home loan, personal loan, car loan. Female students also get a special discount of 0.5% in majority of the financial institutions.
3. An Opportunity to Build Your CIBIL Score
CIBIL Score is the credit information report that plays an important role in any loan. A CIBIL score generally ranges between 300 to 900 and the CIBIL score above 750 is considered as a good score. Building a good score makes it easy to secure loans in the future with much ease.
4. Tax Benefit
Under the section 80E of the Income Tax of 1961, the applicant and the co-applicant becomes eligible to avail a tax exemption for the education loan. As a part of it, they can pro-claim a definite percentage of the interest paid towards the loan as deductible from the total income.
5. Availability of the Moratorium Period
In an overseas education loan, the financial institutions offer the moratorium period of up to 1 year before the repayment of the education loan begins. This period allows students to pay the loan after the completion of their degree without having to worry about the repayment.
6. Liberating parents from the loan burden
An overseas education loan allows students to take the responsibility of their future by liberating their parents from education loan burden. Taking an education loan means if quite easy today if the student meets overseas education loan requirements. So, students can avail the loan on their name and have the sense of responsibility to repay.
7. Long Repayment Period
An average repayment period on an overseas education loan is between 10 to 15 years. It is a sufficient time limit to be able to repay the education loan.
So, these are some of the benefits of availing an overseas education loan. If you wish to avail an education loan do fill in the online loan application for abroad studies at www.elanloans.com and we will take care of the rest.
#elan loans#overseas education loan#online loan application for abroad studies#foreign education loan
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Australia is a leading study overseas destination among Indian aspirants. To meet the cost of education, including the tuition fees and the living expenses a large number of students opt for an education loan for studying in Australia. Know how loan for higher education abroad can help you ease studying in Australia.
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Get the details of the documents required to apply for an education loan for abroad studies like the PAN Card, Academic certificates, Financial documents, etc to make your application hassle-free.
#how to get education loan#foreign education loan#student loan for studying abroad#elan loans#overseas education loan requirement
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Worried about arranging funds for Masters in US? Get a detailed overview of an education loan to study in USA and its process to pursue your master’s degree in US.
Read here: https://bit.ly/2UeKTsP
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The majority of the students opt for an education loan for studying in Australia to finance their international degrees. The overseas education loan covers the cost of tuition fees, accommodation, travel and living expenses.
#education loan for australia#education loan to study in australia#study in australia#foreign education loan#overseas education loan
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Online EMI Loan Calculator is the easy way to calculate the amount to be paid to the financial institute according to the interest rates and the tenure of loan repayment.
#online emi calculator#emi calculator#student loan#Education loan for studies abroad#foreign education loan
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Indian government, foreign government, and overseas universities offer ample scholarships to the candidates. In this blog we are going to tell you about some of the popular scholarships to study overseas for Indian students.
#popular scholarships#Foreign Universities Offering Scholarships#scholarships to study abroad#study abroad
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Worried about financial assistance for abroad studies? Know the Universities and Scholarships Offered for Studying in USA and support international students financially along with the option of education loan to study in USA.
#education loan for usa#Foreign Universities Offering Scholarships#popular scholarships#study in usa
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The best bank for foreign education loan depends on what a student is looking for as all the banks have pros and cons. Read here about the factors that will help you decide a suitable bank for your education loan.
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In this blog, we will let you know about the foreign education loan process of various Indian Banks and the factors that should be considered.
#foreign education loan#student loan for studying abroad#how to get education loan#apply for loan online
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While one plans to take an education loan, various financial institutions in India and overseas offer an education loan to study in USA. Check those out and consider factors like interest rates, the quantum of finance, processing fees, repayment period, etc while finalizing a bank.
Read more: https://bit.ly/3iFNunz
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Planning to study abroad in US and worried about finances?
Know how more than 50% of the students get their overseas education finance done with an education loan for abroad studies in USA.
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To finance an international degree, majority of students apply for an overseas education loan for studying in New Zealand. In this blog we are going to take a closer look at the overall cost of studying in the country
#education loan for new zealand#student loan new zealand#study in new zealand#overseas education loan#foreign education loan
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The education loan process is different for various study overseas destinations. Know about the process of education loan for the study overseas destinations like UK, USA, and Canada.
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Are you looking forward to studying overseas? You can choose to apply for scholarships as there are various popular scholarships to study overseas.
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