Today, with the ever-escalating costs, it has become difficult for students to pursue higher education with little savings parents do over the years for them. Thanks to the leading private finance companies, public and private banks that offer student loan to aspirants to take complete care of their educational expenses.

Studying abroad in top-notch universities is not everyone's cup of tea. You need huge funds to take care of higher education throughout the duration. And many parents, especially from the middle class are insufficient to meet such huge funds. Therefore, private lenders come up with customized and unique solutions that will meet your financial requirements with ease. These loans can easily be obtained right from the cosy corners of your homes or colleges. You can compare quotes of leading loan providers and make an informed decision on it. Lenders offer a loan with an attractive interest rate starting at mere 11-12% and there is a special concession of 0.5% for the women applicant on the interest rates. It helps them to empower women with quality studies and achieve milestones in life.    

The Internet is playing the most important role in finding the list of top rated companies that would help you fund your studies as per your affordability. Since these education loans seekers are students and they do not have any form of regular income, they get to enjoy certain privileges such as attractive interest rates, longer relaxation tenure, flexible repayment options and more. You can make repayment after six months to one year of the course completion and it’s termed as moratorium period. Your Overseas Study Loan takes care of all the expenses related to education which basically include the cost of tuition fees, exam fees, lab and library fees, caution deposit, travel, books and equipment, projects, thesis work, and educational tours.

Usually, the loan amount is based on certain eligibility factors such as your academic history, parents or co-borrower's credit history, income source, country, forex rates, university grade, and job prospects. Loans are usually of two types secured and unsecured ones. Private lenders are willing to offer unsecured loans up to Rs. 50 lakhs and for secured ones you would have to pledge for collateral in the form of residential property (house/flat/apartment), fixed deposits, life Insurance with surrender value equivalent to loan amount, existing house mortgaged and non-agricultural land can be considered. With right documentation, you can get your loan sanction within 24 hours. Some of the popular destinations to study abroad would be USA, UK, Canada, Germany, Australia, Singapore, New Zealand, UAE, France, Belgium, etc.

To avail the Best Education Loan in India, the student needs to have a guarantor who can take the responsibility to repay the money in case; the borrower fails to return it within the given period of time. The student’s parents or his/her guardian, siblings or spouse can be the co-applicant/co-borrowers. The co-borrower should have a stable source of income and should be able to produce documentation proof for the same in the form of salary slips, payment receipts, etc.