Studying abroad in a foreign university is a dream for a lot of students. One of the primary things in your study abroad journey is to manage finances. Not all students are privileged enough to study in foreign universities on their own. Hence, to overcome this issue the banks in India have a lot of schemes for study abroad education loans. Fly finance Education loan to study abroad is one of the most preferred platforms due to its comprehensive features and lowest interest rates. Let’s understand in detail all the reasons to choose Fly Finance for your study abroad education loan.
Table of contents
Comprehensive Loan Structure
There are a lot of study-abroad education loan schemes in which you are required to pay a certain amount of margin money. If you are taking a loan from Fly Finance then you will be getting up to 100% finance for your education cost and cost of living as well. The loan will cover your tuition fee, laboratory fees, cost of academic projects, library membership fee, accommodation costs etc. Also, if you get accommodation outside the university campus then the loan will cover the security deposit as well. With 100% finance, you will be getting a hassle-free experience on your journey of study abroad.
Also Read: Education Loans by Government of India
Entirely Digital Process
Forget all the old-school methods of getting an education loan. At Fly Finance the entire process of education loan to study abroad is online. You just need to apply online and upload the supporting documents and you will be onboarded immediately. Fly Finance will do all the formalities and you don’t need to visit the branch even once.
Easy Application Process
Fly Finance provides a user-friendly portal where you can apply for your study abroad education loan. It has a great network of 10+ banking partners who will be providing you with education loans at the cheapest rates. You are supposed to simply apply online on the official website of Fly Finance and mention your requirements. All the other things after application will be taken care of by the Fly Finance team and you will be getting the best offers.
Lowest Interest Rates
One of the major concerns while taking a loan to study abroad is the interest rates. A lot of banks charge fixed or floating rates of interest which bothers students and makes repayment difficult. If you are taking a loan through Fly Finance Education Loans then one thing is sure you will get the lowest interest rates on your loan as compared to the regular market rate. Fly Finance will negotiate with the bank and get you the best affordable rates for your education loan.
Also Read: How to Apply for Education Loan in USA
Fast and Efficient Loan Processing
While applying for an education loan banks take a lot of time for verification of documents and loan processing. With Fly Finance education loan you can expect the fastest approval and disbursement of your education loan. As soon as you submit the online application form you will be onboarded within minutes. Once your application is approved the loan sanction letter will be shared with you and you can proceed with further steps.
Flexible Repayment System
Loan repayment must be planned properly even before getting the loan. This will help you to manage your finances in a better way when you start repaying your loan. Fly Finance comes up with a lot of attractive offers involving easy EMIs and flexible repayment structures. It will help you to understand and plan your entire repayment system properly considering the tenure of the loan, moratorium period, payment of simple interest etc.
FAQs
Indian students who want to pursue higher education in foreign countries and are between 18 to 35 years of age can apply for an education loan.
The loan amount is usually disbursed in the university account directly by the bank. You cannot get it in your personal bank account.
You just need to apply online and upload the supporting documents. You will be onboarded within minutes and the loan will be processed subject to the eligibility criteria.
Fly Finance provides you with a platform where you can get a loan to study at your dream university. The entire process is online and it also provides you lowest interest rates.
To know more about the education loan application process, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience. Follow our social media handles on Twitter, LinkedIn and Instagram.
