SA_Scholarships & Loans

To apply to a university abroad with a scholarship, you need to apply to the university first, followed by choosing a specific scholarship that matches your course and condition (need, merit or academics). Once you decide on a scholarship, prepare your documents and application form, and submit them on time. Ideally, the application for the scholarship must begin at least 12-18 months before the course start date. 

To win a scholarship to study in Europe, you must treat the admission and scholarship applications as two halves of the same process. Because European universities generally do not offer "automatic" funding upon admission, you must follow a deliberate, multi-step strategy. So,  

• Target a specific scholarship, check its requirements and timeline

• Process and gather documents as per the requirements

• Apply in due time

Students who demonstrate high academic achievement, talent or leadership skills rather than financial need are considered eligible for merit based scholarships. Note that having a good academic record does not promise you a merit-based scholarship. The decision still lies with the scholarship committee who pick an awardee based on multiple factors.  

This can be possible in certain cases but is extremely rare and very competitive. For the majority of Indian students, merit-only scholarships are the primary pathway. 

Merit-based scholarships are awarded through both methods - some are automatically granted based on your application profile. While others require a separate application.

Loan repayment tenure is flexible. It allows students up to 15 years to repay student loan. This period begins after completion of course and moratorium period. It is calculated as course duration plus one year.

Not always. Under the Premier Abroad scheme for Category 'A' institutes, students can avail of a loan up to INR 40 Lakhs without any collateral. For amounts exceeding this limit or for other categories, collateral coverage between 50% to 100% or more is typically required.

The interest rate of UBI student loan is between 7.85% to 11.75%. Totally depends on student's profile and specific loan scheme. Also, female students are eligible for a 0.50% concession on ROI.