Table of Contents
- 1 Is HDFC credila good or bad?
- 2 Which bank is best for education loan for abroad in India?
- 3 Do student loans cover study abroad?
- 4 What factors are considered by NBFCs before lending unsecured abroad education loan?
- 5 What is the maximum amount of Education loan available for students abroad?
- 6 What are the criteria for choosing an unsecured education loan?
Is HDFC credila good or bad?
0.5 4.5/5 “Excellent!” VERY GOOD SERVICES FROM HDFC CREDILA SURAT , VERY SUPPORTIVE, MANAGER MR. PRATIK VASHI HELPED A LOT & WAS VERY CO-OPERATIVE, VERY SMOOTH LOAN PROCESSING & DISBURSEMENT, ALSO PROPER AFTER SALES SERVICE, NO COMPLAINTS, A VERY GOOD & MEMORABLE SERVICE EXPERIENCE FROM THEM. 0.5 4.0/5 “Great!”
Which bank is best for education loan for abroad in India?
Compare Top Education Loan Offers 2021
Name of Bank | Interest Rate (p.a.) | Loan Amount |
---|---|---|
ICICI Bank | 10.50\% onwards | For courses in India: Up to Rs.50 lakh For courses abroad: Up to Rs.1 crore |
Federal Bank | 10.05\% onwards | For courses in India: Up to Rs.10 lakh For courses abroad: Up to Rs.20 lakh |
Do student loans cover study abroad?
As long as you’re attending an eligible program, you can use your federal student loans for studying abroad. However, federal loans might not cover all your expenses, meaning you may need to find other sources of funding, such as income from a part-time job, scholarships or a private student loan.
Is HDFC Credila accepted for UK visa?
Embassy accepting HDFC Credila Education Loan: An overseas education loan from HDFC Credila is the only NBFC that is accepted by all the country embassies. Right from USA, UK, Canada, Australia, New Zealand, Germany the education loan from HDFC Credila is accepted by all the major study overseas destinations.
What is HDFC Bank education loan for foreign education?
HDFC Bank Education Loan for Foreign Education: This loan scheme can be availed by Indian students who wish to pursue studies abroad. The maximum amount available in this scheme is INR 20 lacs at a nominal rate of interest. Also, it offers tax benefits to the borrower and it can be sanctioned before admission as well.
What factors are considered by NBFCs before lending unsecured abroad education loan?
Factors considered for students academic profile, scrutinized by NBFCs before they lend unsecured abroad education loan to a student are: Since NBFCs accord educational loans without any collateral in India for students to study abroad, their co-applicants profile is examined thoroughly.
What is the maximum amount of Education loan available for students abroad?
As such, there is no limit set by the banks for offering education loans to the students abroad. It depends on the bank to bank. The majority of the banks offer loans maximum up to INR 20-30 lakhs. Also, if the loan amount is more than INR 20 lakhs then the interest rate also increases.
What are the criteria for choosing an unsecured education loan?
Financial co-applicant’s income, CIBIL score. This is the most important deciding factor for an unsecured education loan as lenders are not taking any collateral, they can stay assured if a student fails to repay the loan amount, their financial co-applicant would pay on the student’s behalf. Course/Degree which an applicant is applying to.