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Compare education loan interest rates from top banks, considering factors like processing fees and repayment terms, to find the best fit for studying abroad.
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Education loans for studying abroad range from 8.25 percent to 10.25 percent interest, with Union Bank of India offering the lowest rate at 8.25 percent.
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Education loans for studying abroad cover a range of expenses including tuition fees, living costs, laptops, books and travel
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The interest rates range from 8.35 percent (Punjab National Bank) to 11.08 percent (Axis Bank).
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As the UK, US, and Australia impose stricter admission and visa rules for international students, Leap is witnessing strong growth in alternative corridors like Germany, Ireland, New Zealand, and the UAE, with Dubai searches alone rising 30–40% month-on-month.
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Several study abroad platforms report a surge in queries as the US pauses new student visa interviews and tightens social media vetting, prompting Indian students to reconsider their plans ahead of the Fall intake
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Tips for Education Loan Repayment: Students and parents can navigate education loans smoothly by adopting early financial literacy, holistic budgeting, smart spending, understanding loan nuances, and strategic repayment plans for a seamless financial journey.
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Explore education loan options, covering benefits, eligibility, and repayment strategies to fund your child's education abroad
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Indian Bank, Union Bank of India and Bank of Baroda offer interest rates between 8.6 and 9.45 percent on an education loan of Rs 50 lakh for a tenure of seven years
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Rupee depreciation acts as hidden inflation for Indian students aspiring to study abroad, significantly increasing the cost of education, even if universities do not raise tuition fees
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Securing an education loan for studying abroad involves careful planning and research. Early application and exploring scholarships can ease the process, helping you achieve your dream of studying overseas.
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Many students go abroad to pursue their Master’s degree after getting married or taking a career break. For such students, in particular, a life insurance policy is crucial as it can take care of their education loan repayment, besides safeguarding their loved ones’ financial future.
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Various scholarships are available throughout the year for students to apply for overseas education
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The bank’s customers can directly transfer payments to over 600 universities across five countries / territories, such as the US, UK, Canada, Hong Kong, and Australia. HSBC doesn’t charge anything for the service.
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From September, students at private colleges offering licensed courses are not eligible for Post-Graduation Work Permits, which means only those at public or high-standard private institutions can obtain work permits after graduation.
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The BookMyForex Student Offer is a limited-time promotion, valid up to September 30, 2024. It provides zero fee remittances, cashback offer, discount on international flight tickets and hotel bookings from MakeMyTrip.
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The latest edition of the Open Doors report showed that China sent 2,89,000 students to the US in 2022-23 (a decline of 0.2 percent from 2021/22). India reached an all-time high of 268,000 students in 2022-23, an increase of 35 percent from the previous session.
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More than 9 out of 10 Indian agents (93 percent) said that international students were applying to more universities overall than before, with 91 percent saying that students were also applying to more destination countries than the previous year.
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Under the Liberalised Remittance Scheme, all resident individuals, including minors, can remit up to $250,000 (around Rs 2 crore) per financial year for various purposes such as personal visits, gifts, donations, emigration, maintenance of relatives, business trips, conferences, medical expenses, and studies abroad.
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Indian Bank, Bank of Baroda, ICICI Bank and Canara Bank offer interest rates between 8.6 and 10.85 percent on an education loan of Rs 50 lakh for a tenure of seven years.
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Study abroad: Overseas student travel insurance is a must to make sure any sudden hospitalisation costs are covered. Your university abroad might not accept overseas student travel insurance covers sold by Indian insurance companies. But having one as a top-up cover helps.
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Gresham Global said implementation of the ban on dependents is anticipated to result in a 15-18 percent drop in the enrollment of Indian students for the September 2024 intake.
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While planning and budgeting for studies in a foreign country, it's crucial to factor in a range of expenses beyond your course fee. Read on to find out what they are.
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Over the past two years, edtech startups in India have been treading rough waters, chasing profitability and cutting costs . Companies are now foraying into segments that inherently command higher profit margins.
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Education counsellors advise students to be realistic and truthful when applying for scholarships. Scholarship panels consist of experts who can sniff out a hyped or fake profile from a mile.
