Top rated Education systems supported by state of the art infrastructure combined with the prospects of a better lifestyle are what attract students to study overseas. However many a time the cost involved in this venture to study abroad is a dampening factor to many aspiring students. Scholarships offered by Colleges, Universities & Governments are a source of relief but to very few.

It is in this context that the Public as well as Private Banks in India have come forward to provide adequate funding in the form of Education loan. Clubbed with stringent eligibility criteria, it may seem a tedious process to many students and their parents. Many a time, this seemingly cumbersome obstacle can be easily can easily be managed with the proper guidance from the experts at Vostek Global.

General Eligibility 
  • Indian national
  • Good academic record
  • Must have obtained admission to study at a recognised Foreign University / College / Institution
  • Must have obtained admission to study a Technical / Professional job oriented course

While different banks have different formalities, some requirements are similar as in the case of documents to be submitted along with a Student Loan / Education Loan application

  • Proof of Identity: PAN/ Passport/ Driver’s License/ Voter ID card
  • Proof of Residence/ Address: Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhaar Card
  • Valid Passport
  • Mark sheets of the last qualifying examination for school and graduate studies in India
  • Entrance Exam Result through which admission has been secured (GMAT, GRE, IELTS)
  • Proof of admission: Offer Letter or Admission Letter from the Institution. A conditional admission letter may be considered.
  • Statement of cost of study/ Schedule of expenses
  • 2 passport-size photographs

Check to confirm what other expenses apart from the tuition fee are covered in your loan scheme. There are various other things which you need to take care. Some of the expenses covered under the loan are:

  • Fee payable to college and hostel
  • Examination, library, laboratory fee
  • Purchase of books, equipment, instruments
  • Caution deposit, building fund
  • Travel expenses
  • Insurance premium for the student, if applicable
  • Purchase of laptop (if required for the course)
  • Other expenses like study tours, project work or thesis
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