Education Loan

Education Loan

Your Hassle-Free Journey Starts with GoGlobal Consultants

Why Choose an Education Loan with

GOGLOBAL CONSULTANTS?

Abroad Education Loan starting at 8.5%*

  • Get up to 1.5 Cr* Non Collateral Loan

  • Lowest Interest Rate

  • Sanctions in 48 Hours*

  • Tax Benefits

  • Zero Hidden Charges

  • Safe & Secured

Secured Loan Vs Unsecured Loan

Loans against property have following merits and demerits

Loans with people as guarantors have following merits and demerits:
  •  Low ROI
  • High ROI
  • Lower EMI
  • Higher EMI
  • Need Property (or any other similar asset)
  • Need only stable income
  • Risk of Losing property (in case of default)
  • No risk of of Losing any asset (in case of default)
  • Rigid loan repayment options
  • Flexible loan repayment options
  • Need co-applicants (for ID proof only)
  • Need co-applicants as financial guarantors
  • Lengthy loan approval process
  • Quick loan approval

Documents Required for Education Loan for Abroad Studies

Education loan required documents vary from lender to lender and also depend on the type of education loan applied for. Here’re the general documents required by almost every lender:

Document Type

Required Document

KYC Documents
  • PAN card
  • Driving license

Address Proof
  • Aadhaar Card
  • Valid water/electricity/LPG Bill
  • Voter’s ID card
  • Current house lease agreement
  • Valid passport

Academic Record Documents (From Applicant)
  • 10th result
  • 12th result
  • Proof of admission (offer letter)
  • Undergraduate result semester-wise (If required)
  • Entrance exam result – abroad institutes (GRE, GMAT, TOEFL, IELTS, etc.)
Financial Documents from the Co-applicant
  • Salary slips of the last 3 months
  • Copy of Form 16 for last 2-3 years or copy of IT Returns for last 2-3 financial years, acknowledged by Income Tax Dept.
  • Bank account statement for the last 6 months (salary account).
  • Business address proof (If Applicable)
  • TDS certificate (Form 16A, if applicable)
  • Last 3 years ITR
  • Certificate of qualification (for C.A./Doctor and other professionals)
  • Bank account statement for the last 6 months
Technical Documents for Collateral (For Secured Loan)
  • Approved layout plan and permissions (if applicable)
  • NOC and allotment letter
  • Possession certificate (if applicable)
  • Copy of prior sale deeds
  • Conversion certificate where the property has changed from agricultural to non-agricultural use
  • Urban clearance certificate
Legal Documents for Collateral (For Secured Loan)
  • Sale/gift/partition deed
  • Khata certificate and extract
  • Encumbrance Certificate (EC)
  • Latest property tax receipt

Benefits of an Education Loan

Tax Benefits

The Tax Benefits of an education loan are provided under Section 80E of the income tax of India. The deduction is available for 8 Years Starting From the Year you Begin Repayment

Moratorium Period and Flexible Repayment

Education loans granted to students course duration + 6 months to 1 year after course completion of repayment holiday

Preservation of Family Savings

Instead of using up fixed deposits, retirement funds, or other long-term savings, Education loans spread out financial burden the cost of education is spread over several years making it more manageable and avoiding sudden large Financial Outflow

Comprehensive Coverage

Education loan is designed to cover not just tuition fees but all major costs associated with pursuing higher education. Whether studying in India or abroad, students face a variety of expenses, and an ideal loan should reduce financial stress by covering them all

Low-Interest Rates

Education loans generally have lower interest rates compared to other types of personal or unsecured loans.

OUR LOAN TRUSTED PARTNERS

Query Form

Consult Anytime for Study Visa

Let’s discuss your profile and find the perfect option for you.

+91-9557195571

Office Timing 9:30 AM to 6:00 PM

Consult Anytime for Study Visa

Book Your Free Consultation Now! Let’s discuss your needs and find the perfect strategy

+91-9557195571

Query Form