Search

Do education loans offered by Indian banks for students to pursue higher studies abroad cover

The education loans offered by banks usually covers your tuition fee and living expenses, depending on the chosen destination for education - unless you specifically want the loan to just cover your tuition fees. The average living expenses info can be taken out of the immigration department sites of the respective countries. The only problem that could arise in this loan process is the percentage of margin offered by the banks. The margin usually refers to the amount of money you would be required to bear out of your own pocket towards the payment of fees. The percentage usually varies between 10%-25%.

Louis Prateek Rajan, Accounts Receivable and Credit Control Overseer (2018-present)