How can I take an education loan for studying abroad

How can I take an education loan for studying abroad ?

Anusha , 02 Jun 2018

15 Answers

A standard bank's school loan has a lot of onerous terms and conditions. If your eligibility isn't strong enough, you might not be able to receive a significant amount. It is there that leading Indian banks and NBFCs have made the option of an education loan secured by real estate available. Since it is a secured debt, the mortgage loan interest rate is reduced that helps you pay reduced EMIs. As per your eligibility, it is possible to get an amount in crores. Anyone looking to get a study loan to study at Lovely Professional University may get approval. You can also use the money to study overseas and cover all expenses related to your education and even beyond without restrictions. The eligibility and the documents required for the LAP loan is less cumbersome. Such norms are already enlisted on a leading lender’s website. Before applying, one can go through it, prepare in advance and avoid rejection chances. LPU is having a full-fledged manned loan assistance cell. Generally, this is not the case with other Universities/Institutes. This cell is equipped with all requisite resources and helps the student right from filing of the application to the rest paperwork related formalities. The university have signed MOUs with 4 Banks i.e. Central Bank of India, Oriental Bank of Commerce, Punjab National Bank, Karur Vyasa Bank in order to provide convenient loan assistance. In addition to it, many banks like Bank of Baroda, Syndicate Bank, Andhra Bank, State Bank of India, HDFC Bank, UBI, IDBI, Allahabad Bank, Canara Bank etc. and financial institutions like Afinoz, Credence, NSDL e-Governance, Planning and Development Department (Bihar Govt.) etc. have given recommendation/ proposals to extend loans to the students.

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  • Anzik bro 07 Aug 2023

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Lovely Professional University has set up a separate loan assistance cell to enable the students, at the time of admission, to obtain loans from banks with which the university has tie-ups. Students can avail Education Loan Facility in the first year as well as in the subsequent years. The Students who want to apply for Educational Loan from any Bank need an offer letter from the University. The University will provide the requisite offer letter or alike document as required by the concerned bank for loan purposes, as and if deemed appropriate. LPU has MOUs with the following banks: • Central Bank of India • Punjab National Bank • Oriental Bank of Commerce • Karur Vysya Bank There are a number of banks and financial institutions that have given proposals or recommendation to extend loans to LPU students such as Canara Bank, Bank of Baroda, Andhra Bank, HDFC, IDBI, SBI, Union Bank of India, Allahabad Bank, United Bank of India, and many more. However, the students, who are availing this facility, and their parents are liable for any course of the deed. The responsibility for getting loan letter, the sanction of loan, repayment of the loan, and any other liability lie solely with the students/parents. The university will not be liable and responsible in this regards. LPU also has different bank branches inside the campus: • State Bank of India • Punjab National Bank • Oriental Bank of Commerce • Karur Vysya Bank • ICICI Bank

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Lovely Professional University has set up a separate loan assistance cell to enable the students, at the time of admission, to obtain loans from banks with which the university has tie-ups. Students can avail Education Loan Facility in the first year as well as in the subsequent years. The Students who want to apply for Educational Loan from any Bank need an offer letter from the University. The University will provide the requisite offer letter or alike document as required by the concerned bank for loan purposes, as and if deemed appropriate. LPU has MOUs with the following banks: • Central Bank of India • Punjab National Bank • Oriental Bank of Commerce • Karur Vysya Bank There are a number of banks and financial institutions that have given proposals or recommendation to extend loans to LPU students such as Canara Bank, Bank of Baroda, Andhra Bank, HDFC, IDBI, SBI, Union Bank of India, Allahabad Bank, United Bank of India, and many more. However, the students, who are availing this facility, and their parents are liable for any course of the deed. The responsibility for getting loan letter, the sanction of loan, repayment of the loan, and any other liability lie solely with the students/parents. The university will not be liable and responsible in this regards. LPU also has different bank branches inside the campus: • State Bank of India • Punjab National Bank • Oriental Bank of Commerce • Karur Vysya Bank • ICICI Bank For more information you may visit to the official website of LPU.

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LPU has the International Credit Transfer provision where you can now fulfill your dreams to study abroad with LPU's unique international blending programs. The student begins his/her studies at the LPU and completes the final degree from partner/receiving University. LPU articulation partners comprise highly ranked and globally well-known universities in countries such as Canada, UK, USA, Australia, New Zealand, Dubai, France and many other countries in Europe. These programs are specifically very relevant to those who have a foreign degree in mind but often, financial constraints and other concerns of the family to go abroad at such a young age have put the coveted dream on hold. The International transfer is done through very careful mapping of courses so that credits earned at LPU can be transferred to the host University. LPU gets the international transfer to assure that courses completed at LPU will not have to be repeated at the Partnering University accepting the transferred student. In such a case student gets the final degree from the Partner University.

An education loan is a good idea and a commonly sought after resort. Pursuing higher studies usually involves high fees and an education loan comes in handy at this point. Banks provide education loans for graduation/PG, diploma or professional courses, at attractive interest rates. LPU fully assists the student in getting a loan. Usually, the student prefers taking a loan from his native place as it is easier there as far as the document process is concerned. The LPU provides all assistance through its dedicated loan assistance department. LPU is having tie-ups or MOUs with all the leading Government and Private banks of India like Punjab National Bank, ICICI, Karur Vysya Bank etc. LPU is having tie-ups with some of the NBFC even like Afinoz, Credenc, Eduvanz, etc There is a separate loan assistance cell that looks into such cases. A student has to mail their Loan Letter requirement to the Loan department through email after taking admission. Loan letters can be sent to the applicant only after a student submits one loan application form to the Student Loan Assistance team. This process may take two weeks. Many students in LPU are studying with the help of an education loan. You have to submit documents like pan card, identity proof, photographs, residential proof, 10th, and 12th Marksheet, and certificate to the bank plus a few documents about your guardian. The LPU will ask you to submit the original prospectus, Fee structure, proof of admission, etc. When you contact LPU members for a Loan letter, they will give you a form. You fill it and get it duly signed by your guardian. After filling up the form, they will provide you with a loan letter. With the help of this loan letter and other documents, you can easily apply for an education loan in LPU. Bank will give you all fees to LPU via check or online money transfer to the university account.

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Hello reader, A typical bank's education loan comes with several burdensome conditions and limitations. You may not be eligible for a sizable sum if your eligibility is weak enough. There, prominent Indian banks and NBFCs have introduced the possibility of an education loan backed by real estate. You can make lesser monthly payments because the interest rate is lower. After all, it is a secured loan. You might be qualified for a payout of millions of dollars. The Lovely Professional University may grant a student loan to anyone who applies. There are also no restrictions on how you can use the money to cover all of your educational expenses, including those that go beyond getting a degree. Less stringent qualification and paperwork criteria apply to LAP loans. Such requirements are already listed on a trustworthy lender's website. Before applying, one can study it to prepare themselves in advance and lessen their chances of being turned down. Additionally, several financial institutions and banks, including Afinoz, Credence, NSDL e-Governance, Planning and Development Department (Bihar Govt.), Andhra Bank, Syndicate Bank, Andhra Bank, State Bank of India, HDFC Bank, UBI, IDBI, Allahabad Bank, Canara Bank, among others, have recommended or proposed lending money to students. LPU has a staffed, fully functional loan help cell. Other Universities/Institutes often don't operate in this way. This cell assists the student from the time the application is filed until all outstanding paperwork-related duties have been satisfied. The university has signed MOUs with four banks, including the Central Bank of India, Oriental Bank of Commerce, Punjab National Bank, and Karur Vyasa Bank, to provide straightforward loan help. I hope the information shared by me helps! Thank you:)

A standard bank's school loan has a lot of onerous terms and restrictions. If your eligibility isn't strong enough, you might not be able to get a significant amount. It is there that leading Indian banks and NBFCs have made the option of an education loan secured by real estate available. Because it is a secured loan, the interest rate is lower, which enables you to pay smaller monthly payments. You could be eligible to receive a sum in the millions of dollars. Anyone wishing to enrol at Lovely Professional University may be approved for a study loan. Additionally, there are no limitations on how you can use the funds to pay for all of your educational costs, including those that extend beyond your degree. The LAP loan has less onerous qualifying requirements and documentation requirements. Such standards are already stated on the website of a reputable lender. One can read it before applying, get ready in advance, and reduce the likelihood of rejection. LPU has a fully operational, staffed loan help cell. In general, other Universities/Institutes do not operate in this manner. The student receives assistance from this cell from the time the application is submitted through the completion of all remaining paperwork-related obligations. In order to offer simple loan assistance, the university has inked MOUs with 4 banks, including Central Bank of India, Oriental Bank of Commerce, Punjab National Bank, and Karur Vyasa Bank. Additionally, a number of financial institutions and banks, including Afinoz, Credence, NSDL e-Governance, Planning and Development Department (Bihar Govt.), and Andhra Bank, Syndicate Bank, Andhra Bank, State Bank of India, HDFC Bank, UBI, IDBI, Allahabad Bank, Canara Bank, among others, have recommended or proposed lending money to students.

An education loan from a traditional bank comes with so many stringent terms and conditions. You may not be able to get a large amount if you don’t have robust eligibility. It is where the facility of the education loan against property has been made available by top banks and NBFCs in India. Since it is a secured debt, the mortgage loan interest rate is reduced that helps you pay reduced EMIs. As per your eligibility, it is possible to get an amount in crores. Anyone looking to get a study loan to study at Lovely Professional University may get approval. You can also use the money to study overseas and cover all expenses related to your education and even beyond without restrictions. The eligibility and the documents required for the LAP loan is less cumbersome. Such norms are already enlisted on a leading lender’s website. Before applying, one can go through it, prepare in advance and avoid rejection chances. LPU is having a full-fledged manned loan assistance cell. Generally, this is not the case with other Universities/Institutes. This cell is equipped with all requisite resources and helps the student right from filing of the application to the rest paperwork related formalities. The university have signed MOUs with 4 Banks i.e. Central Bank of India, Oriental Bank of Commerce, Punjab National Bank, Karur Vyasa Bank in order to provide convenient loan assistance. In addition to it, many banks like Bank of Baroda, Syndicate Bank, Andhra Bank, State Bank of India, HDFC Bank, UBI, IDBI, Allahabad Bank, Canara Bank etc. and financial institutions like Afinoz, Credence, NSDL e-Governance, Planning and Development Department (Bihar Govt.) etc. have given recommendation/ proposals to extend loans to the students.

How can I take an education loan for studying abroad ?

Kapil , 05 Jun 2018

1 Answers

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