Top 5 Education Loan Providers in India for Study Abroad
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Planning to study abroad but concerned about finances? Securing an education loan is often the first step toward fulfilling your dream of studying overseas. Various banks and Non-Banking Financial Companies (NBFCs) in India offer education loans tailored to meet the specific needs of students aspiring to study abroad. For the same, we have jotted down the top 5 education loan providers in India for overseas education to help you make an informed choice.
1. Kuhoo Edufintech
Kuhoo is a pioneering Edu Fintech platform in India, offering customized education loans for students aiming to study abroad. With a focus on democratizing access to education, Kuhoo evaluates loan applications based on a student’s potential to secure employment and their earnings prospects, rather than just their financial background.
2. HDFC Credila
HDFC Credila, a prominent player in the education loan sector, offers customized loans for students heading abroad. It provides flexible loan amounts and competitive interest rates tailored to the student’s academic background and the university they are admitted to.
3. State Bank of India (SBI)
SBI is a trusted name for education loans, especially for students pursuing higher education abroad. Their Global Ed-Vantage scheme offers loans with attractive interest rates and flexible repayment options.
4. Axis Bank
Axis Bank offers education loans tailored for students pursuing technical and professional courses abroad. With a hassle-free application process and quick disbursal, Axis Bank is a popular choice among students.
5. Punjab National Bank (PNB)
PNB’s Udaan scheme is designed for students with strong academic backgrounds aiming to study abroad. The loan covers various expenses, including tuition, travel, and other educational costs.
Choosing the right education loan provider is crucial for ensuring that your dream of studying abroad becomes a reality. Consider factors such as interest rates, loan tenure, and the amount covered when making your decision. Remember, the best loan for you will depend on your specific needs and financial circumstances.
