SA_Scholarships & Loans

For Indian graduate students looking to study abroad, there are a bunch of excellent scholarships available. Some of the most popular ones include the Chevening Scholarships for the UK, the Fulbright-Nehru Master's Fellowships for the USA, and the Erasmus Mundus Joint Master's Degrees for Europe. There are also specific scholarships offered by various universities and trusts. It's really worth spending some time researching the scholarships specific to your country of interest and field of study.

Yes, you can get it easily. Many Indian banks and NBFCs offer education loan without collateral for MBBS studies, especially for reputed universities.

The maximum collateral-free limit is not same for every lender. It generally falls between INR 7.5 Lacs to INR 75 lakh, depending on the lender and your eligibility.

The student loan ammount depends on various factors such as student's academic profile, university reputation, collateral value and credit score of co-applicant. If everything goes right, you can get up to 3 Cr for covering the cost of study. 

Banks offer upto INR 7.5 Lacs without collateral to study in India or abroad.

Education loans for MBA abroad typically cover tuition and admission fees. This includes the cost of books, study materials (including laptop), travel expenses like airfare, and living costs such as boarding and lodging. The bank may cover health insurance premiums but that depends on lenders.

Here are some eligibility to apply for education loan to finance your MBA studies:

• Citizenship: You must be an Indian citizen.
• Admission Proof: You should have secured admission to an MBA programme offered by valid university.
• Age Limit: Applicants should be at least 18 years old. 
• Co-applicants: Parents or guardians can become co-applicant.

The SBI Global Ed-Vantage education loan is available for students pursuing higher education in countries mentioned below:

USA, UK, Canada, Australia, Singapore, Japan, Hong Kong, New Zealand, Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, and Switzerland.

To apply for study loan, you need to have all the documents required including admission offer letter. If you have everything, here are the steps to apply:

1. Apply online through Vidya Lakshmi Portal or official website of banks
2. Fill up the required details of applicant and co-applicant.
3. Now, upload the academics and personal documents.
4. You may need to pledge some collateral for education loan.
5. Bank will verify the documents and after verification, you can get the amount.