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    Education Loan

    Education Loan Assistance for Indian Students | Study Abroa loan Process

    Studying abroad is a life-changing opportunity, but the high cost of tuition fees, accommodation, travel, and living expenses can be a challenge for many Indian students. This is where education loans come in, helping students fulfill their dream of studying at top global universities without financial stress.
    At Akbar Study Abroad, we provide end-to-end education loan assistance, helping students secure the best loan options with low-interest rates, flexible repayment plans, and quick approvals. Our loan partners include IDFC, Yes Bank, HDFC Credila, MPOWER Financing, Incred, Axis Bank, Union Bank of India, Credenc, Avanse, and Auxilo.
    Whether you need a secured or unsecured loan, we guide you through the entire loan process—from application to disbursement—ensuring a smooth and hassle-free experience.

    Talk To Our Expert Counsellor

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    Why Choose an Education Loan for Studying Abroad?

    ✅ Covers 100% Study Expenses – Tuition fees, living expenses, books, travel, health insurance, and more.
    ✅ Low-Interest Rates – Competitive interest rates from top banks and NBFCs.
    ✅ Flexible Repayment Options – Pay after completing your degree with a comfortable EMI plan.
    ✅ Builds a Credit Score – Helps in creating a financial history for future loans and investments.
    ✅ Tax Benefits Under Section 80E – Interest paid on the loan is tax-deductible.

    Types of Education Loans Available

    Loan Type

    Features

    Best For

    Secured Loan (With Collateral)

    Lower interest rates, higher loan amounts, longer repayment periods

    Students with property, FDs, or insurance as security

    Unsecured Loan (Without

    Collateral)

    No security required, higher interest rates, limited loan amount

    Students without assets but with strong academic profiles

    Loans for Specific Countries

    Some banks offer special loan schemes for USA, UK, Canada, Germany, etc.

    Students applying to top-ranked universities

    Loans with Co-Applicant

    Requires a parent/guardian as co-borrower

    Students needing a financial guarantor

    Non-Bank Loans (NBFCs &

    International Lenders)

    Flexible eligibility, loans in foreign currency, no collateral required

    Students applying for education in the USA, Canada, or Europe

    Top Education Loan Providers We Work With

    At Akbar Study Abroad, we help students secure loans from leading banks and financial institutions, including:
     
    Banks :
     IDFC First Bank – Low-interest rates, quick approval.
    Yes Bank – Special education loan schemes for top universities.
    Axis Bank – Competitive rates, flexible repayment terms.
    Union Bank of India – Government-backed loans with lower interest rates.
     
    NBFCs (Non-Banking Financial Companies):
     HDFC Credila – No margin money, customized loan options.
     Incred – Loans up to ₹50 lakh without collateral.
     Avanse – Special loans for students pursuing STEM courses.
    Auxilo – Fast-track approval with minimal paperwork.

    International Lenders:

      MPOWER Financing – No collateral, co-applicant, or credit history required.
    Credenc – AI-powered loan approval process.
     

    Akbar Study Abroad Loan Partners

    Kuhoo-8 (1)
    IDFC-8 (1)
    ICICI-Bank-copy-8 (1)
    HDFC-8 (1)
    MPOWER-Financing-8 (1)
    Incred-8 (1)
    Saraswat-Bank-8 (1)
    Bank-of-Baroda-8
    Union-Bank-of-India-8 (2)
    Credenc-8 (1)
    Avanse-8 (1)
    Auxilo-8 (1)
    Axis-Bank-8 (1)

    Education Loan Eligibility Criteria

    Before applying for an education loan, ensure you meet the basic eligibility requirements:

    ✅ Indian Citizenship – Applicant must be an Indian citizen.

    ✅ Admission to a Recognized University – Must have an offer letter from a reputed international university.

    ✅ Academic Performance – A strong academic record improves loan approval chances.

    ✅ Co-applicant (for unsecured loans) – Parents/guardians may be required as financial co-borrowers.

    ✅ Collateral (for secured loans) – Property, fixed deposits, or LIC policies for loans above ₹7.5 lakh.

    Loan Amount: ₹5 lakh to ₹1.5 crore (varies by bank & profile)

    Interest Rate: 7.5% to 15% (depends on lender & loan type)

    Loan Tenure: 5 to 15 years

    Step-by-Step Education Loan Process

    Step 1: Loan Consultation & Eligibility Check

    • ✅ Get a free loan assessment from our experts.

    • ✅ Compare different loan options & choose the best one.

    Step 2: Loan Application Submission

    • ✅ Fill out the loan application with required documents.

    • ✅ Submit it to the selected bank or NBFC.

    Step 3: Document Verification & Approval

    • ✅ The bank verifies the academic, financial, and collateral documents.

    • ✅ Once approved, the loan sanction letter is issued.

    Step 4: Loan Disbursement

    • ✅ After visa approval, funds are directly sent to the university’s account.

    Step 5: Repayment After Study Period

    • ✅ Most loans have a moratorium period (no repayment during study & 6 months after graduation).

    • ✅ Flexible EMI repayment starts after the moratorium period.

    Step-by-Step Education Loan Process

    ✅ KYC Documents – Aadhaar, PAN, passport, voter ID.

    ✅ Academic Documents – Class 10, 12, and university admission letter.

    ✅ Financial Documents – Income proof, IT returns, salary slips.

    ✅ Collateral Documents – Property papers (for secured loans).

    ✅ Bank Statements – Last 6 months & bank transactions of applicant &co-applicant.

    Why Choose Akbar Study Abroad for Education Loan Assistance?

    At Akbar Study Abroad, we provide expert guidance & hassle-free education loan assistance with:

    ✔ 100% Free Loan Consultation – Compare loan offers from multiple banks & NBFCs. ✔ Faster Loan Approvals – Get your loan sanctioned in as little as 7 days. ✔ High Loan Approval Rate – 95% success rate for eligible students. ✔ Collateral & Non-Collateral Loans – Options available based on financial profile. ✔ Lower Interest Rates – Special student loan offers with discounted rates. ✔ Complete Documentation Support – Assistance in paperwork & verification. ✔ Pre-Visa Loan Sanctioning – Get financial proof before applying for a student visa.

    Need an Education Loan? Get Free Assistance Today!  Counseling Today! 

    Visit: Akbar Study Abroad
    Call Now: +91 89768 92525

    Email Us: info@akbarstudy.com

    In summary

    An education loan is the best financial solution for students who want to study abroad without burdening their families. With Akbar Study Abroad, students can access tailored loan solutions, expert guidance, and quick loan processing from India’s top banks and international lenders.

    Take the first step toward your global education with our hassle-free education loan assistance and make your dream of studying abroad a reality!

    ✅Make Your  Dream a Reality! Get Free Expert Counselling Today!🚀🚀

    ✅ Apply Now | 📲 Call: +91 89768 92525 | 📩 Email: info@akbarstudy.com

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    Frequently Asked Questions (FAQs)

    Yes, unsecured loans (without collateral) are available up to ₹50 lakh, depending on your profile & lender.

    It usually takes 7-15 working days after document submission.

    Yes, most education loans cover tuition fees, living expenses, travel, and health insurance.

    Yes, banks issue a loan sanction letter, which helps in getting a visa approval.

    Simply contact us, and our experts will guide you through the entire process!