Financial Assistance

Insight International, being the best abroad consultancy, collaborates with prominent banks such as Federal Bank, South Indian Bank and ICICI Bank.
Many countries and universities provide Financial Assistance Programs for national and international students. It starts with the letter of acceptance from the university.
The Financial Assistance Program covers the cost of education and living expenses of the student. And the amount through which deliver depends on the country you have decided to go.
Some examples of Financial Assistance Programs are the Australian Government Research and Training Program (AGRTP) and Ontario Trillium Scholarship. The Australian Government Research and Training Program (AGRTP) offers funds covering students’ tuition fees and health insurance for up to 3 years, and Ontario Trillium Scholarship covers tuition fees and other expenses of the student for four years.
In order to get this benefit, the student must have shown good performance in her/his exams and the students have to submit the papers separately.
A bank loan is an alternative to the Financial Assistance Program and Scholarships. Bank loan covers tuition fees, living expenses, health insurance etc.
We are an expert to assist you in taking bank loans. For more, feel free to contact us.

How can we help you?

2nd Floor, Puthettu Arcade, Above Reliance Trends, Kottaramattom P.O., Pala, Kottayam, Kerala – 686575

+91 9544802200

studyabroad@insightinternational.in

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What are the Criteria for Getting an Education Loan?

The student must be an Indian citizen above 18 years old.
The loan will be provided to the parents if the student is a minor.
The student must have an excellent academic background. If the bank feels the student doesn’t have the ability to meet the western curriculum, probably they will reject the application.
The students are required to submit the admission letter to the bank authority as part of processing the education loan. It is better to approach the bank once you receive the admission letter.
Banks usually entertain loans for professional or technical courses that are job-oriented. The chances for safe placement are high for such job-oriented courses, and the student will be able to pay back the loan in no time.
Insight International helps to speed up the loan process for your tension-free education experience.

What are the Documents Required for an Abroad Study Education Loan?

Following documents are necessary to submit when you apply for one. We recommend you keep all the documents well organised and ready to submit.

Letter of Acceptance

Letter of acceptance is the proof from the university about your secure seat in a particular course. It must be submitted to proceed with the bank loan.

Academic Documents

The academic documents include your 10th certificate to the latest degree certificate. The attested copies of the academic documents need to be presented to evaluate the student's eligibility for a loan.

Identity Proof

The student's passport is considered the ideal identity proof for an education loan. The student is meant to submit the front and back pages of the passport for a hassle-free process.

Address Proof

Banks will give you clear-cut instructions on the documents to be submitted for address proof as part of the loan procedure. Adhar card is the ideal address proof for applicants. ID card and Ration card are also acceptable to submit as address proof.

Photographs

The latest Photographs of the student is a must and carry at least 4 photographs.

Income Proof of Co-applicant and Bank Statements

The co-applicant must be a close member of your family (father, brother or uncles) who have a steady income. The co-applicant’s salary certificate and bank statement are required for the loan process. Additional documents may be required for collateral security. The bank will share the details when you approach them.

What Does a Study Abroad Education Loan Cover?

The education loan covers the following expenses:

Tuition Fee

Most universities prefer the full payment of the tuition fee before the commencement of the orientation program. The education loan covers the entire tuition fees.

Living Expense

Some countries require candidates to have a certain amount of money in their bank accounts for living expenses. The student will have to transfer this advance money to the bank account taken in the chosen country. Usually, an abroad study education loan will cover students living expenses.

Health Insurance

Health insurance is mandatory for international students. The abroad study education loan covers your health expenses. After all, health is wealth.

Fly Ticket Charges

The flight ticket charges to your chosen country are usually very expensive. The education loan covers your flight ticket charges for a worry-free journey.