SA_Scholarships & Loans

Definitely! Even a minimum level shows effort and respect. Specify self-study, language learning apps, YouTube tutorials, or professional training. Example: "Reached 3 months of weekly training for TOPIK Level 1." Korea values effort and cultural understanding, show yours.

The GKS SOP should not exceed three pages of A4 size, as specified by NIIED rules. A good SOP is 1,200 to 1,500 words, with clear readability and a pinch of white space. Don't include everything – be concise, relevant, and discuss your why

Any property, whether movable or immovable, which can be offered to a bank as security for a loan is collateral. Most Indian banks demand collateral as security to reduce the risk involved in paying off the credit. Such education loans are known as secured study loans.

Yes, you can get a 100% loan to study abroad, but it depends on your lender and profile. Many private banks and NBFCs offer education loan that covers full tuition fee, cost of living and other expenses too. Some public sector banks may also offer 100% financing for specific programs.

To increase your chances of getting 100% funded education loan, you must have acceptance letter from a top university in the world, high value collateral, and a co-applicant with high cibil score.

A government education loan is always better for students due to lower interest rates and other favorable terms. Public sector banks also offer government subsidies, flexible repayment terms, and no prepayment penalties. On the other hand, private banks offer faster loan approval if you are eligible. Additionally, the loan amount is higher than that offered by government banks.

Collateral loans are items of value which are secured and which are promised by the borrower to the lender in exchange for the loan amount. They have the right to sell the collateral if payments are not made on time. Government and commercial banks in India are the best sources of collateral loans.

You should go to a private bank for an education loan to study abroad if you are keen to get the same as soon as possible. The advantage of getting a loan from a private bank is that with an easy process, your paperwork reduces as well as a pre-approved loan is provided.

The processing of the loan becomes easier with private banks as compared to public banks as the former is more digitized. On the other hand, public banks are quite strict with their set eligibility due to which loan processing may get delayed.

To study abroad for free after 12th in India, the best option is to actively seek scholarships and grants offered by universities, state governments or external organisations in countries like Germany, Norway, Sweden, Denmark, and Finland, where tuition fees can be significantly lower or even non-existent.

Several universities in the USA, the UK, Germany, Norway, France, Austria and Iceland provide fully funded scholarships to Indian students. It deoends on your application and profile whether you receive a complete funding aid from the university or not. 

Yes, one can get a good scholarship to study a bachelor's programme abroad given that you will have to search for suitable scholarships available for the country, university and course you are applying to. However, merely applying for the scholarship does not confirm your chance of getting a scholarship. You will have to be prepared and receive the desired merit in your qualifying class 12th exams to win the scholarship award.