What is the role of a senior financial counsellor and what banks are tied up for education loans?
A senior financial counsellor helps you navigate the process of securing education loans for studying abroad. Their main roles include:
- Assessing your financial needs and recommending suitable loan options
- Explaining loan schemes from public banks, private banks, and NBFCs (non-banking financial companies)
- Guiding you through the loan application and documentation process
- Negotiating loan terms to secure favorable rates and repayment plans
- Ensuring your loan complies with regulations and supports your study plans
Several major Indian banks and financial institutions offer education loans for overseas studies, including State Bank of India (SBI), Bank of Baroda, HDFC Bank, ICICI Bank, Axis Bank, IDFC FIRST Bank, and HDFC Credila.
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More Cost & living questions
- If I get an education loan, can I proceed with the application after the loan amount is clear?
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