Are loans from banks like Indian Bank or IOB acceptable for study abroad funding?
Yes, loans from Indian Bank and Indian Overseas Bank (IOB) are generally accepted for study abroad funding.
Both banks offer education loans that cover tuition, accommodation, travel, and related expenses for overseas studies. The loan amount, interest rates, and collateral requirements depend on the specific scheme and your profile. Most universities and visa authorities accept these loans as valid proof of funds, but requirements can vary by country and institution.
If you need help with the loan process or documentation, please connect with your LeapScholar counsellor.
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