LOAN FACILITIES FOR UK STUDIES
Posted on: December 17 2019, By : Sanjita Kumari
UK is home to some of the best universities in the world. Many Indians aspire to pursue their higher education in these universities, but the fees make it difficult for them to fulfill their wishes. The cost to study abroad depends on a few major factors, including the type of course, the duration and the location. When a student determines to study abroad he/she has to make sure to arrange enough funds to pay his tuition fees and living expenses. The main aim of Education loan is to provide financial support to the deserving students aspiring to study abroad. It helps the students to fulfill their dreams and to build better future and career. This article aims to give you a consolidated knowledge of the various financial preconditions that all aspirants need to fulfill before they begin their higher education process to study UK.
There are 3 easy ways to avail loan
1) Estimate your loan amount
2) Approach banks
3) Compare various factors
In order to study abroad before taking any steps there are many overseas education consultants for London in Mumbai who provides handful information to accomplish their future endeavors. In order to achieve dreams a student aspires to join good universities for their better career and future however lacks financial support. There are many financial institutions that provide good support and education loan for studying abroad. Many top education consultants in Mumbai also helps in the process of achieving visa to education loan, accommodation and etc. the consultants in Mumbai provides A to Z information until a student reaches there and settle down properly. Before applying for education loan facility one should apply to universities and receive an offer letter.
Many banks offering education to loans to study UK are:
1) Bank of India
2) Punjab national bank
3) Bank of Baroda
4) Syndicate bank of India
5) State bank of India
6) HDFC bank
Before applying for loan be clear with the documents as those will be required at every step in the loan process till you reach the university. Study abroad consultant in Mumbai guides all steps in the loan process and admission process. Most banks required confirmed admissions before granting the approval letter for the education loan. And the candidates applying for the loan must be a resident of India. He/she must have confirmed admission in recognized educational institutes in India or abroad. The age of the candidate must fall within the bracket of 18 to 35 years during loan application. There are many overseas college admission education consultants in Mumbai who helps with clearing all the doubts regarding loan facility, general documents required many more. A huge portion of Indian student’s prefers the UK as their destination for higher studies! Before you get excited at the aspect of studying in the UK, you need to ensure that you know the entire UK education loan process.
General documents required for loan.
1) Completed education loan application form.
2) Proof of admission to the course.
3) 2 passport size photographs
4) Proof of age
5) Schedule of expenses for the specified course
6) Proof of income (i.e. Salary slips/Form 16 etc.)
7) Proof of individual’s identity and residency
8) Copies of foreign exchange permit, if applicable
9) Copies of letter confirming scholarships, if any applicable.
Above information changes from to time. Please consult bank authorities for the latest updates.
We know that the process of collecting this information can be quite overwhelming, given the myriad sources of information being present on internet. However the Best education consultants in Mumbai provide great support as it is common knowledge that most students borrow an education loan to study in UK to fulfill their dreams.