Study Now, Pay Later: The overseas loan hacks you need to know
Although it is every student’s dream, only a handful manage to study overseas. And financial constraints act as the main deterrent. Availing education loan is the most promising way to show sufficient funds in a legible and trustworthy manner. This source of funds is easiest to be verified by the embassy assessing your file to grant the visa.
Education loans have helped many to fulfill their dreams by providing the necessary financial support. Here we magnify some challenges surrounding overseas education loans under the microscope and suggest probable solutions:
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Ease of Availing Educational Loans
Sufficient funds and the source of funds are one of the first things that will be assessed in a visa application. Students who are applying for visas for the first time or who got rejected due to insufficient funds can solve this problem by availing a loan.
5 strategies to follow if you are serious about studying abroad
Get the exact picture of expenditures which includes tuition fees, living costs, travel, and miscellaneous expenses. Now, find out how much you want to borrow and how much can be given to you.
Due to the high competition among banks, many have modified their policies in granting loans and made them more suitable for students. Salaried applicants should have 30K to 40K monthly salaries, whereas for agriculturists it should be between 45k and 50k monthly, and the latest 6 months bank statement. Talking about different
