SA_Scholarships & Loans

An international student's forex card is loaded with foreign cash and isn't connected to a bank account. It has several benefits, including the ability to securely handle foreign expenses.

The best Forex card for a student depends on their need. Some students may need a multicurrency Forex card so for those students, a single currency card can not be ideal for them. They can do research and select the best Forex card for them.

Forex card is a prepaid card loaded with any foreign currency with any specific amount. Forex card works just like a normal debit card but it is not connected with your Indian bank account. These cards offer various features that are specially designed for students.

Here are some popular government education loan schemes in India, to fund your higher studies:

1. Vidya Lakshmi Portal Education Loan 
2. Gujarat Government Education Loan for Studying Abroad 
3. Education Loan Scheme of the NBCFDC 
4. Padho Pardesh Scheme 
5. Dr Ambedkar Central Sector Scheme

Here are some basic eligibility to apply for Government education loans in India

• You must be an Indian citizen
• Age should be between 18 to 35
• Good academic records are mandatory
• Good score in standardized tests is an advantage if applying for abroad studies.
• Family income should not be more than 6 to 8 lakhs

Documents required for a study loan for Canada vary as per the needs of the financial institution. Certain common documents required for study loan for Canada include:

• Proof of admission to a Canadian University/College
• Loan application form
• Passport-size photographs
• Income proof of the co-signer
• Academic records/transcripts
• Entrance exam results (GMAT/GRE/IELTS/TOEFL)
• Proof of identity (passport, ID card, etc.)
• Bank account statements
• Evidence of purchase of a special Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution

 Here are some important points for obtaining a student loan for Canada without security or collateral:

• Creditworthiness of the co-applicant must be good.
• Good academic score and profile.
• Admission to a good college or university that can help you get a good job.

It is vital to keep in mind that the eligibility requirements and loan conditions may vary between lenders, so it is crucial to fully explore your alternatives and evaluate various offers to discover the one that best suits your unique circumstances.

There are 34 Indian banks listed on the Vidya Lakshmi Portal, offering more than 84 different education loan schemes. Students can apply for up to three student loan schemes that best suit their needs.

Here is list of best education loans in India with easy application process: