Study Abroad Loans: How Do They Work?

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An expensive dream

Every year, thousands of students apply to foreign universities in order to pursue their dreams. However, studying abroad comes at a heavy price.

Student loans to the rescue

Before applying for a student loan, it is crucial to understand its terms, conditions and costs. All you need to know to secure an education loan to study abroad

Important terms to remember

Type of loan - Collateral Free or with Collateral

Payback - When it begins and ends

Expenses - Does the loan cover expenses or just tuition

Interest rates and EMIs

Wish to avail a collateral free loan?  Let our experts guide you with the best way forward. Register a free session by clicking the link below!

Apart from the interest paid, many loans have hidden costs that you might overlook. -- Loan Cancellation – Stamp Duty – Rescheduling – ECS Swapping – Bouncing charge

Hidden costs of a loan

Hidden costs of a loan

Monitor the following costs before applying

– Processing Fees – Loan Insurance – Prepayment charges – Late Payment – Interest Type Conversion

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To learn more about these costs and clauses, visit our blog