EduLoans can help with loan for study abroad if the students are willing to go to Canada for higher education. Financial aid is made available on the basis of different parameters, s
With as much as 172,600 number of Indian students studying in Canada with study loan for Canada, as of 2019, it wont be wrong to say that this maple-country is one of the top choices among professionals and students. Canada is among the top 3 countries in the bank’s annexures for which students borrow loan for study abroad. Indian students get a plethora of options to study there and there are myriad ways to fund education for top institutes in Canada. EduLoans helps students with options exploration and knowing how to go about the best study loan for Canada.
Study loan for Canada with/without collateral
Collateral free loan for study abroad for Canada is available through EduLoans and banks. Students can get customized solutions for this purpose. The table given below shows you your options-
Comparison | Public Sector Banks | Private Banks | NBFCs |
Example of the Lenders | SBI, BOB | Axis Bank, ICICI | Avanse, Incred |
Loan Amount (INR) | Limited by 80% - 100% of collateral or Maximum 100% cost of study. | Upto INR 35/45 Lakhs Unsecured | Upto INR 35/45 Lakhs Unsecured |
Interest Rate Range | 9.05% to 11% | 11.00 - 13.00% | 11.00 - 13.00% |
Processing Fees (INR) | INR 10,000 +GST (Refundable/Non Refundable) +Optional Insurance+ MortgageFees - 0.2%+Legal Verification+Valuation | 1.00 % Fixed (NonRefundable) +Insurance (NonCollateral) | 1.00 % Fixed (Non Refundable) +Insurance (Non Collateral) |
80 E Tax Benefit | Yes to all | Yes to all | Yes only Credila |
Scholarships for Indian students to study abroad in Canada
Apart from study loan for Canada, students can also check out the option of scholarships. Grants, scholarships and bursaries are provided by the Great White North.
Apart from this, there are also some public entities and private establishments that fund or sponsor education for students. This financial aid is also available through Canadian government.
Among the most popular options for scholarships is Tata Endowment, which provides financial aid of INR 1,00,00- INR 10,00,000to students for a course of 2+ years.
EduLoans at your disposal
EduLoans can help with loan for study abroad if the students are willing to go to Canada for higher education. Financial aid is made available on the basis of different parameters, such as family income, financial status of parents, student’s educational background and collateral status. One of the crucial aspects to note here is that the government banks or public sector banks in India only provide secured loans or collateral study loan for Canada. Private banks and NBFCs can offer all kinds of loans. ICICI especially has become very aggressive for study loan for Canada. EduLoanshelps you in finding out your options and what all parameters you can check out with each and every lender. Whether or not your loan application shall be approved is checked beforehand. EduLoans provides quick and easy education loan for study abroad processes. Dedicated professional education experts for each student helps in providing customized solutions and devotedservice to each profile. Please reach us out on www.eduloans.org to process your loan faster and conveniently.
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