Education loan
From dreams to degrees
Education loans empower your study abroad journey. Let’s make your overseas education journey smooth and successful
International education offers unmatched career prospects, but it usually comes at a hefty price, including challenges like funding tuition, living expenses, research infrastructure, and costs, among others. At Creative Consultancy, we are thrilled to guide you through every step of the way and support you with our tailored education loans from leading providers, offering low-interest rates and minimal formalities.Â
Benefits of an education loan
Hassle-free loan disbursement:
Loan offered without admission letter or i20
Secure a loan before you go:
Pre-visa disbursement of education loans
Income tax benefits:
Avail income tax benefits under section 80E
Save on money transfer:
Avail a concession in TCS on foreign remittances with a student loan
Special benefits for women:
Many government banks offer a 0.5% discount on education loan interest rates for female students
Learn now, pay later:
Repayment tenure up to 12 to 15 years
Note: Please note that all the above-mentioned criteria can vary depending on the student’s profile, university, and course.
Education loan process
Application
The borrower applies to a lender, providing information about their financial situation and the specific educational institution or program they plan to attend.
Approval
The lender reviews the application and, if approved, offers a loan with terms and conditions, such as interest rates, repayment options, and the total loan amount.
Disbursement
Once the borrower accepts the loan, the lender disburses the funds to the educational institution to cover the educational expenses.
Education
The student uses the loan to pay for tuition, books, living expenses, and other related costs while pursuing their education.
Grace period
Many education loans offer a grace period after graduation, during which borrowers do not have to make payments. This grace period varies by loan and lender.
Repayment
Repayment of the loan typically begins after the borrower finishes their education. Depending on the type of loan, the borrower may have various repayment options.
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FAQs
What is overseas education?
Overseas education is leaving your home country and going abroad to pursue further education. Through overseas education, you can avail of long-term degree courses as well as short-term certificate courses to learn a language or upskill yourself.
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How to get a scholarship to study abroad?
If you are aiming to study abroad, identify your career goals, look for relevant courses and universities abroad, know the tuition fees and other expenditures, prepare well for the entrance exams, apply to shortlisted universities, accept the offer letter from the desired university, apply for a student visa and get ready to jet off!Â
How to study abroad?
The best way to study abroad for free is to avail of full-funded scholarships or university grants. The fully-funded scholarships are typically awarded to students who excel in academics or extracurricular activities and cover their tuition fees, travel expenses, accommodation, and other living expenses. Â
How to study abroad for free?
To get an education loan for studying abroad, you need to have the admission offer letter from the university and fulfill the eligibility criteria for securing the loan. In order to get an education loan at the best rate of interest, seek guidance from a reputed study-abroad consultant.Â
How to get an education loan for studying abroad?
Choose to study abroad to leverage better learning opportunities, see the world, meet new people, boost your resume, develop a broader perspective, become culturally competent, and avail yourself of lucrative job opportunities globally.Â
Why study abroad?
Choose to study abroad to leverage better learning opportunities, see the world, meet new people, boost your resume, develop a broader perspective, become culturally competent, and avail yourself of lucrative job opportunities globally.Â
How to go abroad for studies?
The best way to go abroad for studies is to get in touch with reputed study-abroad consultants. They can help you explore courses aligned with your academic interests, guide you in preparing for entrance exams, help you with university and student visa applications, and even provide post-arrival assistance.
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