How Can Education Loan Help You Achieve Your Dream Study Abroad?

The virtue of an education loan to study in Canada, New Zealand & Singapore or in any foreign country has its own degree of trust, dependence, and validity for any student nourishing in their dream the aspiration of attaining a higher education overseas.

Reasons as to how an education loan can help you achieve your dream education abroad have been jotted down in the following manner for the purpose related to improving your understanding of how adequate finance can serve your foreign education needs greatly.


Means to cover up your miscellaneous cost

Besides covering up the cost of the course, the education loan is a great financial support for funding the entire expense of your education in an overseas country. It is believed that such financial support can cover up to 90% of the cost of your study compared to what an individual student with low budget can ever afford.

Education loans help you greatly to deal with expenses like –

  • Tuition fees, hostel expenses.
  • Fees related to exam, lab and library.
  • Study materials.
  • Traveling expenses.
  • Accommodation/cost of living.

Relief to Parents

Parents looking for adequate financial support to fund the cost of education of their children get immense relief from the education loan, considering a larger fraction of their cost is sufficiently compensated with the loan. This, in turn, accommodates parental needs, especially in a time when their existing financial situation is not healthy enough to afford the exorbitant higher education abroad for their children.

Exemption to tax

Indian taxation law 1961 permits the borrowers of the education loan to enjoy tax exemption under its section, 80 E. The tax benefit earned thus helps the borrowers to easily pay back the principal part of the loan excluding the interest rate.

Improves Your Creditworthiness

Students borrowing education finance can have a better likelihood to earn creditworthiness in the eyes of the bank sanctioning the loan. Repayment of the borrowed loan as stipulated by your lender will not only improve your credit score but also the relationship with your lender, thus facilitating your chance to avail the further loan in future.

Affordable Loan At Easy To Pay Interest Rate

Education loans these days come at an attractive rate of interest. They are affordable to an extent that parents or students can avail the necessary funding under a flexible repayment schedule, which means – no chance to strain your nerves with repayment cycle to your lending bank.


An education loan is arguably one of the most important means for a student to fund the cost of his/her dream education abroad. It is particularly beneficial for the students whose financial condition is not healthy to afford the cost of higher study abroad. This explains as to why adequate financial aid can help you actualize your overseas education.

Need an education loan?

Consult team Saphairs India. We will be glad to assist you in whatever professional manner feasible. We have financed the “interest-simplified” education loans to many Indian students. How about you being the next recipient?

More Blogs:

A Guide to Education Loan without Collateral for Indian Students

How Education Loan Consultant Can Fund Your Study Abroad Mission

How Education Loan Consultant Can Fund Your Study Abroad Mission

The necessity of education is well without any questionable identity. Funding to invest in your dream education is an essential coveted by a large number of students wanting to study abroad. Incidents are aplenty which denote that many students were forced to cancel their foreign education trip in the absence of adequate monetary support in place.

In fact, education loan is now an essential requisite between your dream to pursue higher education in an overseas university and materialization of the same dream on practical ground. Students facing a substantial shortage of money to support overseas education dream are the ones seen tossing their ambition into the dustbin.

At least you don’t have to face the same fate.

How come?

Consult an overseas education loan consultant in Delhi, your prime resource for availing necessary funds for your foreign education.

How can loan consultant be of your assistance?

An education loan consultant, especially the highly reputable one, works in consortium with top banking institutes. These loan-sanctioning banking systems work in tandem with the government’s implemented set of norms in connection with loan disbursal under relevant and government-authenticated interest rates for the needy students.

As self-explanatory as it may sound, when you consult an overseas education loan consultant in Delhi, you are assisted in more than one way, such as –

  • Taking your requirements in proper understanding, leading to the conclusive report as to the amount of loan required versus the eligibility that mandates such acquisition for the applicant.
  • Asking for necessary documentation applicable at the time of representing your loan requirements to the banking system, in particular, working under a tie-up agreement with your chosen loan consultant.
  • Fulfilling subjective norms of the bank post furnishing the documentation and additional processes compulsory in this context.
  • Loan disbursal after satisfactory consideration of applicant’s eligibility criteria.

How much education loan will you get?

Loan acquisition is a process that is time-taking with exclusive consideration that goes down to paperwork, eligibility of the applicant, documents submitted, and various other factors by a loan-approval department of a particular education loan bank.

If applied individually without an assistance of a professional loan consultant, the likelihood of your requested loan will go through an even more time-consuming process, excluding the fact that it may stand disapproved under certain unavoidable circumstances, as per the normative power of the bank.

This explains as to why the assistance of an overseas education loan consultant in Delhi can be of significant value for your needs to assist your dream education abroad without the hassle of undergoing obdurate banking procedures and getting the loan for your requirement in time.