Is partial funding through bank loan and family savings planned for education expenses?
Yes, combining a bank loan with family savings is a common and effective way to fund your education abroad. This approach allows you to use family savings for upfront costs and cover the remaining expenses with a loan, helping to manage your overall financial burden.
You can typically use:
- Home-country education loans from Indian banks, which may require a co-applicant and sometimes collateral.
- International lenders like Prodigy Finance or MPOWER Financing, which usually do not require a co-signer or collateral.
Loan terms, interest rates, and eligibility are subject to change, so review current options before applying.
Cash income, business income or no ITR?
See whether your funds and documents will pass the US visa check.
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