SIEC Blogs | Study Abroad Loans

Studying abroad is a life-changing dream, and with the right financial planning, making this international dream come true is possible. However, one wrong step in the process of applying for an education loan for abroad studies can lead to a high interest rate, delayed approvals, or even missed university deadlines. Therefore, it is extremely crucial to avoid these common mistakes when applying for an education loan for abroad studies. At Study Abroad Loans, we’ve assisted thousands of aspiring students in securing student loans to study in their dream country. Here are the most common mistakes students make when applying for an education loan for abroad studies, and how you can avoid them:

At Study Abroad Loans, a dedicated study abroad consultancy with 30+ years of experience specializing in assisting study abroad aspirants in securing an education loan, we guide families through this crucial aspect of the loan process. In simple terms, a CIBIL score is a three-digit number that depicts the creditworthiness of an individual, most often, the student’s co-applicant (such as a parent or guardian). Since students usually don’t have a financial track record, banks assess the co-applicant’s credit history to decide whether the loan should be approved, how much can be sanctioned, and at what interest rate. In this blog, we’ll take you through what a CIBIL score is, how it impacts your Education Loan application, and what timely steps you need to take to improve your CIBIL score.

आजकल, विदेश में पढ़ाई करना लाखों भारतीय छात्रों के लिए एक महत्वपूर्ण लक्ष्य बन चुका है। ग्लोबल अनुभव, उच्च गुणवत्ता की शिक्षा सुविधाएँ, और बेहतर करियर के अवसरों के चलते अमेरिका (USA), ऑस्ट्रेलिया (Australia), जर्मनी(Germany), यूनाइटेड किंगडम(UK), न्यू ज़ीलैण्ड (New Zealand), कनाडा (Canada)  और अन्य कई देशों में उच्च शिक्षा की मांग तेजी से बढ़ रही है।