students apply in the uk universities as they get a range of opportunities,besides a high
degree of specialization and standardization but,several bright ones get left out of the race
because they can't afford it.despair no more if you can't source the funds yourself.there are
several other way to get there;sponsorship,education loans and scholarships
Getting the education loan sanctioned from a bank is not difficult today,that's
why a degree from aboard is not confined to the kith and kin of the nawabs.so, if you thought that
going aboard was a mission impossible ,then you are in for a pleasent surprise. with generous aid
schemes and loans the number of students going aboard is also rising exponentially.
An education loan is a form of financial support from any bank or financial institution that
enable a student for study in uk
Before giving the loan,banks study the viability of yhe borrower based on personal discussion with the students,family's assets and annual income,the nature of the course and reputation of the institute. in most banks for loans up to rs.4lakh no collateral or margin is required and the interest rate will not exceed the prime lending rates (PLR). for loans ab1ove rs. 4 lakh the interest rate will be PLR plus i percent.PLR iteam used to refer the interest rate of the bank
There is no need to repay the loan while studying. the repayment starts after you have finished the course or started working.the repayment cannot be delayed for years after the completion of course.the loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies