SIEC Blogs | Study Abroad Loans

Every year, thousands of ambitious students set their sights on top universities across the globe. Whether it’s the buzzing tech campuses of the USA, classy academic towns of Germany, or the world-class institutes in Japan, the aspiration is big. However, studying abroad requires a substantial amount of money, and for many, it becomes a roadblock in their journey. That’s when an Education Loan plays a key role. At Study Abroad Loans, we expertise in assisting students in securing unsecured education loans for studying in any country, be it the UK, Australia, the USA, Germany, New Zealand, Europe, or beyond. In this blog, we are breaking down everything you need to know about an education loan without collateral.

If you are planning to pursue your studies abroad and are unsure about how to manage your finances, then a secured education loan is the perfect way out. Secured Education Loan is a type of student loan for international/foreign education, where collateral is pledged, such as property, fixed deposits, or government bonds, to secure the loan amount. These are often used by students moving abroad for higher studies and offered by several public and private banks in India.

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: