International education offers unmatched career prospects, but it usually comes at a hefty price, including challenges like funding tuition, living expenses, research infrastructure, and costs, among others. At Falcon, we are thrilled to guide you through every step of the way and support you with our tailored education loans from leading providers, offering low-interest rates and minimal formalities.
Loan offered without admission letter or i20
Pre-visa disbursement of education loans
Avail income tax benefits under section 80E
Avail a concession in TCS on foreign remittances with a student loan
Many government banks offer a 0.5% discount on education loan interest rates for female students
Repayment tenure up to 12 to 15 years
The borrower applies to a lender, providing information about their financial situation and the specific educational institution or program they plan to attend.
The lender reviews the application and, if approved, offers a loan with terms and conditions, such as interest rates, repayment options, and the total loan amount.
Once the borrower accepts the loan, the lender disburses the funds to the educational institution to cover the educational expenses.
The student uses the loan to pay for tuition, books, living expenses, and other related costs while pursuing their education.
Many education loans offer a grace period after graduation, during which borrowers do not have to make payments. This grace period varies by loan and lender.
Repayment of the loan typically begins after the borrower finishes their education. Depending on the type of loan, the borrower may have various repayment options.
An education loan or study loan serves as a solution to extend monetary assistance to students aspiring to study abroad but are held back due to financial constraints. Various banks (government, private, or cooperative) and NBFCs offer general and specialized education loans to meet all students’ needs. While education in general is getting expensive, it becomes harder for aspirants to pursue their higher education in reputable academic institutions. Hence, our banks come into the frame and extend various types of education loans along with government-driven subsidy schemes to promote international students.
Each student’s educational experience is unique. That’s why, we bring you competitive education to cater to your specific needs. Our education loan partners offer both collateral and collateral-free education loans. Whether you seek financial flexibility without pledging assets or prefer a traditional secured option, we’ve got you covered. Explore our tailored education loan solutions here!
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Falcon overseas education consultancy is expert advisors who assist students in pursuing their academic aspirations abroad.
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