Education loans in India have come a long way from having conservative approach to more flexible one in recent years. Hard working Students generally have no problem paying back Education Loans after finishing their studies. Overseas Education Loans to Study Abroad help may families getting a substantial funding from both Public and Private sector banks. S V Videsh Vidya has partnered with Indian financial institutions to facilitate Education Loans for Study abroad purposes of Indian Students. We suggest banks based on their services, loan amount required and student’s family financial background and location. It’s faster to get Education loans these days but proper planning is required so as not to delay the University Admission process. Financial documents are must during Visa Interview and varies from country to country. We guide our students the right approach and timing to get these loans in order to secure I-20 from the University.

Most Overseas education loan cover the cost of following and are paid mostly to the University directly:​

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• Tuition fee

• Insurance fee

• Cost of books & supplies

• Accommodation costs

• Living expenses

• Travel and Transportation expenses

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​Scholarships may not cover the expenses incurred as per the above list and hence timely procurement of Education loans goes a long way in maintaining the student finances in order :

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• ​Loans upto INR 4lacs doesn’t require a Guarantor or margin

• ​Loans upto INR 7.5lacs require a third party Guarantor but no collateral

• Loans above INR 7.5lacs require a Guarantor as well as collateral (proof of any immovable property or asset)
  Repayment of loans is dependent on banks or financial institution and generally starts after 6 months or 12 months of completion of the course. Grace period of Repayment of loans ranges from 5-15 yrs for loans above 7.5lacs but in some cases can be lower as well

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