Yes, absolutely! There are many student loan options available for Indian students who want to pursue their education abroad. For instance, Mpower and LCL both offer loans specifically designed for those seeking an education in Europe; however, there are several other lenders that provide financing solutions tailored to the needs of Indian students like you.
The most common type of loan for international study is called a credit-based loan. This type of loan requires the borrower to have a satisfactory credit score and history in order to qualify for approval. The amount that can be borrowed depends on the lender’s assessment of your creditworthiness and repayment capacity. Generally, these loans can be used to fund fees associated with various academic programmes such as undergraduate degrees or higher-level qualifications like postgraduate studies or doctorates.
Depending on your circumstances (i.e., if you or your family members have a good credit rating), it might also be possible to secure collateralized loans from private banks or NBFCs (Non-Banking Financial Companies). These types of loans may include lower interest rates than unsecured finance options since the lender has some assurance their money will be repaid due to use of collateral (which could include property). Additionally, it might also be possible for certain government organizations like State Bank Of India (SBI) or Life Insurance Corporation Of India (LICI) – depending on eligibility requirements – to provide you with subsidized loans at reduced rates as opposed to commercial lenders who charge market rate interests on borrowing amounts exceeding Rs 7 lakhs ($9200 USD approx.).
Finally, various scholarships administered both privately by institutions as well as publicly by governments are also available which cover part/all tuition fees related expenses and negate the need for student finance altogether. There is no shortage when it comes finding financial assistance opportunities suited towards prospective international students based in India!
I had admission of an indian’s university and right now i am in need of education loan. Can you really help because all the available loans of Mpower, LCL…etc are only useful for people applying for Europe side