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Abroad education loan fully explained in malayalam

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Education Loans for Studying Abroad
Studying abroad can be a life-changing decision, however, this doesn’t come easy. Those who want to pursue higher studies abroad, but finding it difficult to arrange for funds, now have the option to make arrangements for funding their education. we will cover each and every detail related to education be it the process to apply for a loan, eligibility or documents required for it. We will also cover various other aspects related to student loans like the Indian banks giving student loans or the role of a guarantor. We will cover each and every aspect for all those who are looking for education loan for abroad.
Eligibility

The applicant should be a citizen of India.The applicant must have attained the age of 18 else his/her parents will have to take the loan.The applicant must have a good academic background.The applicant must have secured admission at a recognized foreign university/institution/college.The desired course which the applicant is going to study must be a technical or professional one, as banks give preference to job oriented courses.

What all documents required for applying for Education Loan for Study Abroad?
Before applying for an education loan, the applicant must be completely aware about the documents required to apply for a student loan. Following documents are required to apply for an education loan:

Filled application form Photographs: Passport size photographs of the applicant and the co-applicant. Photo ID: Photo ID of the applicant and the co-applicant. It can be a PAN card, driving license, Voter ID card, Aadhar card, or Passport. Residence proof: Resident proof of the applicant and the co-applicant Academic documents:
o Mark sheet and certificates of the applicant

o Mark sheet (Score Report) of GRE, GMAT, TOEFL, IELTS etc. whichever is applicable

Admission proof: Admission letter shared by the university or college.Bank statements: Last six months bank statements of the co-applicant Income proof: Income proof of the co-applicant In case of collateral (immovable property), it can be flat, home, or non-agriculture land the following documents are required:



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