Thousands of Indian students dream to study in the USA but the extravagant cost of tuition and living expenses shut their dreams down.US Universities charge double to International Students compared to domestic students. Therefore, students look for various logical options to fund their education and achieve desired goals. One of such ways is an education loan in the USA from one of the premier financial institutions.
There are many options for And loans for students studying abroad especially for USA. The student can look to avail a collateral Education loan in USA from leading nationalised banks like bank of Baroda and State bank of India. The student can look to avail non-collateral loan for education loan in USA from private banks such as ICICI, axis or NBFCs like Credila, Avanse, Incred, Auxillo etc. Loans for students studying abroad especially for US are also available from international funds like empower and prodigy. The last but not the least for education loan in USA you can also look at US banks such as Sallie Mae, Earnest and Ascent.
All financial providers provide loans for overseas studies in the US through various schemes. We’ll discuss four of them.
HDFC Bank’s Foreign Education for USA
HDFC Bank through Credila was the pioneer in loans just in case you'd check out MS degrees within the US. HDFC Credila are very strong to fund Non collateral loan for MS degree especially that are STEM designated and hence features a 3 years stay back option within the US. HDFC Credila loans for students studying abroad was the primary one to supply unsecured overseas education loans within the USA upto 40 Lakhs based totally on the scholars GRE profile, course and University. HDFC Credila Education loan is extremely aggressive and has relationship managers across the country to service the loan aside from this it is the only NBFC to possess the 80E tax certificate which allows the guarantor to enjoy tax credits
SBI Global ED-VANTAGE - Education Loan for USA
State Bank of India has Global Ed-Vantage to Indian students for overseas education loan USA. Under this scheme, a student can get aid between Rs.20 lakhs and Rs.1.5 crore and this money is often repaid within a period of 15 years. The repayment period starts after 6 months of the top of the course. All the borrowers are required to supply collateral to avail this loan. SBI mainly looks at the collateral because the principal source of security. The co borrower profile also is not vital and that they have a hard and fast rate of interest for all students looking to review altogether courses within the USA. They do not differentiate between the Student profile for loans to students studying abroad.
Bank of Baroda Gyan Scholar (Study Abroad) for USA
Bank of Baroda has been a pioneer within the overseas education loan for all countries including USA by recognising that each study abroad student is different and features a different pricing scheme for college kids as per the profile of the scholar , course and country. They list has many US institutions which gives them a good chance for giving the best terms for education loan in USA. The education loan for USA is also extremely popular because it has 100% Margin, Moratorium period and refundable processing fees. This loan scheme also provides insurance protection and doesn't charge prepayment penalty from borrowers.
ICICI Education Loan
ICICI bank is extremely advantageous to students watching Unsecured loans for Studying in the USA. they need categorised Universities into A1, A2, A3, A4 where the scholar would get a special rate of interest and loan amount within the unsecured loan segment. They're one among the pioneering banks who are watching this segment. they provide loans on 100% collateral for all categories except A4. For US Education loans they appear at courses and University. They like STEM courses and supply loans for the aspiring students watching overseas education loans for MS in the USA. They as well provide home service for loans for students studying abroad.
Confused - We have the Solution for Education loan in USA.
Edu loans is a comprehensive single platform for you to get an overseas education loan in the USA. We have dedicated and knowledgeable education loan councillors who will guide you for all the education loan requirements by first checking your eligibility and then giving the most cost and convenient option. Please visit us on www.eduloans.org and you would not be disappointed like thousand others who have given us a 4.8+ Google rating in the last two years.
