HomeCURRENT AFFAIRSStudy Abroad:All the documents you need to apply for education loan to...

Study Abroad:All the documents you need to apply for education loan to study abroad

Are you planning to study abroad? A few documents are required in order to get the loan easily.

When the world was battling against the first wave of corona in 2020, a report suggested that around 91% Indian students were interested in studying abroad.In fact,in 2021,another study found that 94% of Indian students are more eager to study abroad as compared to the previous year.

The reason behind students’ eagerness is that international universities are levelling up their safety precautions amid pandemic and coming up with various types of support systems  to help Indian students apply,move and protect themselves from infection.

Studying abroad is very expensive and it is not possible for everyone to get a scholarship. So,the next step is to apply for the loan.

List of Documents for Students

KYC: PAN card, Aadhaar and Passport

Academics: Class-10 and Class-12 mark sheets, college degree in case of post graduation, GRE/TOEFL, IELTS score

Financial: Payslips for three months, bank statement for six months, Form 16 if the candidate is a working professional

For co-applicants

KYC: PAN, Aadhaar

Salaried: Payslips for three months, bank statement, income tax return slip or Form 16

Self-employed: Business proof, bank statement, and ITR full set for two years

Also Read-VASTU TIPS: Don’t keep these five things in your bedroom, they are the cause of negativityhttps://www.dnpindia.in/current-affairs/vastu-tips-dont-keep-these-five-things-in-your-bedroom-they-are-the-cause-of-negativity/

Studying abroad is one of the most beneficial experiences for a college student. By studying abroad, students have the opportunity to study in a foreign nation and take in the allure and culture of new land.However, financial issues, adapting to a novel culture and nostalgia can bring in some hesitations about taking the decision to study abroad. But, when knowledge and studies are broad, why not study abroad.

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