Education Loan for Abroad Studies
“Education is the key to unlock the world. It is the passport to freedom.” Oprah Winfrey ‘Main udna chahta hoon, daudna chahta hoon, girna bhi chahta hoon, bus rukna nahi chahta!’Does this inspire you and make you think of flying to different countries for your education? Well,what if we tell you, it is all possible! Any part of the world, the course of your choice, the university ofyour dreams! For those of you who aim to pursue higher studies abroad, but face a lack of sufficient funds, there is a magic carpet that’ll fly you to the study destination of your dreams, anywhere across the globe. And yes, this magic carpet isn’t interrupted by the stressful financial mountains in the way!Congratulations, Aladdin’s Genie granted your wish! Realising that securing admission to top-tier institutions abroad can be an enriching experience as they offer innovative learning, exquisite facilities, and premier projects that enable you to get numerous opportunities, education gateway consultancies, like Lorien Finance, intend to take off the immediate burden of financing the applicant’s higher education. USA, Canada, Australia and the UK have been the top choices for education destinations, but theNetherlands, Germany, UAE, France, Singapore, Italy and Spain are no behind in terms of learningopportunities. You must have researched all about the pros of studying abroad, but let’s get practical and understand the process in depth. To begin with, the tuition fee for an overseas student seems comparatively higher than that of a domestic student, but it’s completely worth it! You’ll have to spend extra for accommodation and other living expenses too. Don’t worry! This isn’t to scare you, but introduce the role of education loans in your journey to make it hassle-free! Don’t let your bank account hold you back from crossing oceans. Dive into your study abroad dreams with a loan! Types of Education Loans for Students Applying for Abroad Studies Indian students can opt for two types of loans based on feasibility, income and credit history. How to get an education loan for studying abroad without collateral? Are you dreaming of pursuing your higher education abroad with study abroad loans, but the thought of collateral is making you ditch your plan? Hold on, while we share a list of Indian and international lenders that help you aspire for gaining international education without the hassle of collateral. Lenders Loan Amount Interest Rate State Bank of India Upto ₹75 lakhs Starting from 10.15%* Union Bank of India Upto ₹40 lakhs Starting from 9.25%* HDFC Credila Upto ₹75 lakhs Starting from 10.50%* Axis Bank Upto ₹50 lakhs Starting from 10.50%* ICICI Bank Upto ₹1 crore Starting from 10.25%* IDFC Bank Upto ₹85 lakhs Starting from 10.50%* TATA Capital Upto ₹75 lakhs Starting from 11.50%* Ascent 100% cost of education Starting from 3.79%* Auxilo Upto ₹40 lakhs Starting from 11.50%* Avanse Upto ₹75 lakhs Starting from 11.50%* Earnest 100% cost of education Starting from 3.74%* Incred Upto ₹60 lakhs Starting from 11.75%* MPower Upto $100k Starting from 12.99%* Prodigy 100% cost of education Starting from 11.50%* Sallie Mae 100% cost of education Starting from 3.59%* With non-collateral loans from public banks like State Bank of India, Union Bank of India and many more, at feasible interest rates starting from 9.25%, the Indian government aids students aspiring to study abroad with accessible education loans. Non-collateral education loans for studying abroad from private banks including Axis Bank, ICICI Bank, IDFC Bank and more start at 10.25%, while Indian and International NBFCs like HDFC Credila, Tata Capital, Auxilo, Ascent, Avanse, Earnest, Incredible, MPower, Prodigy Finance and Sallie Mae offer non-collateral loans starting at 3.59%* and make overseas education accessible for all. While Indian lenders mandate the availability of a cosigner for non-collateral loans, International lenders including MPower and Prodigy Finance offer non-collateral loans without a cosigner. They provide study abroad loans on the basis of your credit history and academic performance. At Lorien Finance, we have partnered with 15+ financial institutions to help you with the besteducation loan for abroad studies. From lowest possible interest rates to non-collateral loans to loans without any cosigner, we have it all! The process of applying for a non-collateral loan with Lorien Finance is just the easiest. Let’s walk youthrough the same: Benefits of a Study Abroad Education Loan Education loans offer families the opportunity to secure the best possible education for their children without sacrificing their assets and savings. They strategically support academic aspirations and long-term financial stability. Here are some key benefits of a study abroad education loan: Types of Education Loan Providers Banks– Banks are financial institutions regulated by the Reserve Bank of India (RBI), which provide all financial services. Banks in India can be categorised as public and private sector banks. Public sector banks like State Bank of India, Punjab National Bank, Bank of Baroda etc. are owned by the government, while private banks like HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, etc.are owned by private entities. With a more extensive documentation and verification process, public and private banks in India offer to cover 100% of your education cost with their collateral and no collateral loans. At Lorien Finance, we have partnered with leading public and private banks from India, including State Bank of India, Union Bank of India, Axis Bank, ICICI Bank and IDFC First Bank to help you find the best education loan for your study abroad journey. NBFCs– NBFCs (non-banking financial company) are financial institutions other than banks that offer various types of loans without holding a banking license. By screening your academic profile before offering the study loans, NBFCs are redefining the norms of lending education loans. With offerings like collateral as well as non-collateral loans, NBFCs offer a higher loan amount if you meet the criteria. NBFCs also have quicker loan processing and disbursal time as compared to banks, as they are not subject to the same level of regulatory check. At Lorien Finance, we have partnered with leading Indian and International NBFCs including HDFCCredila, Auxilo,
Finance Your study abroad dreams
“Education is the key to unlock the world. It is the passport to freedom.”– Oprah Winfrey ‘Main udna chahta hoon, daudna chahta hoon, girna bhi chahta hoon, bus rukna nahi chahta!’Does this inspire you to consider studying in different countries? What if we told you that finance your study abroad dreams is entirely possible! You can explore any part of the world, choose the course you’re passionate about, and attend the university of your dreams. Your global education journey awaits! For those of you aspiring to pursue higher studies abroad but facing financial challenges, there’s a “magic carpet” that can take you to the study destination of your dreams anywhere in the world. And yes, this magic carpet can help you finance your study abroad dreams, overcoming the stressful financial obstacles in your path. Your journey to a brighter future is just a step away!! Congratulations, Aladdin’s Genie granted your wish! Realising that securing admission in top-tier institutions in foreign lands can be an enriching experience as they offer innovative learning, exquisite facilities and premier projects that enable you to get numerous opportunities, education gateway consultancies, like Lorien, intend to take off the immediate burden of financing the applicant’s higher education. USA, Canada, Australia and the UK have been the top choices for education destinations, but the Netherlands, Germany, UAE, France, Singapore, Italy and Spain are no behind in terms of learning opportunities. You must have read all about the pros of studying abroad, but let’s get practical and understand the process in depth. To begin with, the tuition fee for an overseas student is comparatively higher than that of a domestic student, but it’s completely worth it! You’ll have to spend extra for accommodation and other living expenses too. Don’t worry! This isn’t to scare you, but introduce the role of education loans in your journey to make it hassle-free! Don’t let your bank account hold you back from crossing oceans. Dive into your study abroad dreams with a loan! Types of Education Loans for Students Applying Overseas Indian students can opt for two types of loans based on feasibility, income and credit history. Eligibility, Documentation & Application Process for Students Applying Abroad Why Lorien? We ask ‘Why not?’ Being the overseas education consultancy of today’s contemporary world, we accept that even though studying abroad has its share of expenses to bear, it’s surely not out of reach with the right planning as well as guidance. Lorien provides you with personal counselling along with assistance in all documentation procedures and the best interest rates from top financial institutions. Here’s a brief overview of the key reasons you should choose Lorien:
US Study and Job Discussions: A Cautionary Tale
Dreaming of pursuing higher education in the United States? The path to your American dream may come with unforeseen challenges, especially when it comes to discussing job opportunities while studying abroad. Let’s dive into the vital information and precautions every student should be aware of before embarking on their US education journey. Mind Your Digital Footprint Education consultants are cautioning aspiring students about their online presence and communication habits. In today’s digital age, social media plays a significant role in our lives. However, what you post and discuss online can have real-world consequences. Discussing future job prospects with friends and relatives on platforms like social media can attract the attention of US authorities, potentially leading to complications during your stay. Deportation Concerns Deportations have become a stark reality for some students due to various reasons, including insufficient funding, fraudulent documents, job hunting on social media, and even non-compliance with university location requirements. Recent incidents, such as the deportation of 21 Telugu students from different parts of Andhra Pradesh and Telangana, serve as a sobering reminder of the importance of adhering to immigration norms and regulations. The Tuition Dilemma When planning your US education, it’s crucial to have a clear understanding of tuition costs and funding. Many consultancies may not provide detailed information on tuition expenses, assuming that students will enroll in reputable institutions. However, being well-informed about the rules and costs is essential to make an educated decision. Some state and public institutions may have high fees, while others may require substantial upfront payments. It’s advisable to explore affordable private and not-for-profit institutions that offer excellent resources. The Impact of Deportation Deportation from the US can have far-reaching consequences. Strict US rules may result in a five-year ban for those who are deported, leading to the loss of time, resources, and future prospects. This can also affect your chances of gaining admission to foreign institutions, as constant scrutiny of your passport for the deportation mark may raise questions. Visa Interview Preparedness Consultancy companies play a pivotal role in preparing students for visa interviews. It’s crucial to provide consistent and accurate answers during these interviews, as immigration officers closely scrutinize responses. Discrepancies between what is said and what is written can lead to immediate rejection. Candidates are advised to maintain consistency in their answers throughout the visa application process. Conclusion Safeguard Your American Dream Studying in the United States can be an incredible opportunity for personal and academic growth. However, it’s vital to navigate the complexities and potential pitfalls of the US education system carefully. At Lorien Finance, we understand the importance of a smooth education journey. We offer international education loan deals for Indian students planning to study abroad at competitive rates, ensuring that your path to education is financially secure. Your dreams are within reach, and with the right guidance and preparation, you can embark on your US education adventure with confidence
Preparing for study abroad? Things you should know!
You finally found the most suitable study abroad program that aligns with your goals in the country of your preference? Congratulations! We couldn’t be happier! Now that you have the acceptance letter in your hands, it’s time for you to take a breath, and figure out all you would require while preparing to embark on this journey to a foreign land. What to handle first the accommodation or the tickets or the insurance? What all documents would you need to pack? How to handle money when you’re in another country? We know, all these questions along with a lot more aren’t letting you sleep. Relax! All you’ve got to do: follow Honey Singh when he said “Hold on, easy! Take your ID, passport, credit card, passcode, your zipper & slipper….” Still puzzled? Let’s help you out! While you’re waiting for the summer to pass and for your course to roll on up, you may want to follow our Study Abroad Checklist to make sure you’re as prepared as you can be for your trip. The primary thing to ensure when flying to an overseas destination is your passport. Double check your passport’s expiration date and make sure it will last you well beyond the duration of your abroad education. If you’ve procured your study visa, superb! If not, open up a new tab to search for your destination’s study visa requirement and process or get in touch with your University coordinator. Moreover, most abroad countries require you to have adequate health insurance before you visit. Ensure your health insurance covers medical emergencies and is accepted by your study destination. As the time to fly to your dream study destination is nearing, you should aim at booking your flight tickets well in advance to find the best prices. Make sure of exploring your University calendar to check the exact dates of your course’s commencement. Also keep in mind several factors including the luggage allowance, travel documents and more for a smooth journey to your study abroad destination. If you wish to have an exceptional start to your study abroad game, conduct a detailed research on your destination country. Gather information from travel guides, your university’s pages, forums and people who studied in your dream country. Learn about cultural norms and etiquette in your destination country to avoid unintentional offence and to better integrate into the local community. Once you’ve estimated the overall cost of studying abroad, it’s time to set a realistic and optimistic budget, so you know how much you can save or how much you may need to spend in the worst case, i.e. you know how deep is your pocket. By carefully managing your expenses and making conscious spending decisions, you can make the most of your budget while studying abroad and enjoy a fulfilling experience without breaking the bank. When flying to a different country, remember that their currency would differ from yours. Don’t commit the mistake of assuming that the US dollar will have the same value when you fly to your study destination as it did when you checked the value 6 months ago. Staying informed and proactive about exchange rates, will help you manage your finances better and make strategic decisions to maximise the value of your money while studying abroad. Arranging accommodation for your abroad study program requires careful planning and consideration. Start by researching options keeping in mind the location, proximity to campus, cost, amenities and more such factors. Once you find a suitable housing option, make sure of booking it well in advance to secure your spot. Carefully review your rental agreements to understand all relevant details before signing it. Setting goals while studying abroad can enhance your experience and help you make the most of your time in a new environment. Some international students are pretty determined about what they want to do abroad, but it isn’t a big deal if you do not have your life goals set in your early twenties. Begin by reflecting on what you hope to achieve during your time in the foreign land. Make your goals SMART and prioritise them throughout your journey. Blind horses don’t get far, do they? Avoid being clueless and make the most of your study abroad experience that will benefit you long after you return home. Before you hop on that flight, figure out communication tools that could help you stay connected to your family from your destination country. Keep your loved ones updated about your experiences and achievements while studying abroad. Finally, show appreciation for the support and encouragement your family provides while you’re studying abroad! At LORIEN FINANCE, we understand that it is a transformative experience that offers boundless opportunities for personal and professional growth. From navigating new cultures to mastering academic challenges, each aspect of studying abroad presents a chance for self-discovery and enrichment. By embracing these experiences with an open mind and a willingness to learn, you’ll return home not only with memories to cherish but also with valuable skills, perspectives, and connections that will last a lifetime. Lorien supports you throughout your study abroad journey to help you seize the opportunity, embrace the adventure, and embark on a journey of discovery that will shape your future in ways you never imagined!
Guide for Indian Students Studying Abroad
In today’s globalized world, pursuing higher education abroad has transcended geographical boundaries, with an increasing number of Indian students opting to studying abroad. The allure of prestigious institutions, diverse learning environments, and enhanced career opportunities drives many to explore educational opportunities beyond the borders of their home country. However, financing such aspirations can often pose a significant challenge. This is where we, at Lorien Finance, step in, offering tailored solutions to help students achieve their academic dreams. Let’s delve into the intricacies of education finance for students seeking to study abroad, focusing on Lorien’s services and benefits. Understanding the Landscape Before diving into the specifics of education finance loans, it’s essential to grasp the broader context of studying abroad from India. Factors such as tuition fees, living expenses, currency fluctuations, and visa requirements all play a crucial role in shaping the financial considerations for prospective international students. Additionally, the choice of destination and institution can greatly influence the overall cost of education. For instance, pursuing a degree in the United States may entail higher expenses compared to options in Europe or Australia. Lorien Finance’s Role We serve as an invaluable partner for students navigating the complex terrain of funding their overseas education. Lorien specializes in providing customized loan solutions tailored to meet the unique needs of all students. Whether it’s covering tuition fees, accommodation costs, or other educational expenses, these loans offer flexibility and convenience, allowing students to focus on their studies without financial stress. Key Services Offered At Lorien Finance, we offer a wide range of services designed to simplify the loan application process and ensure a seamless student-borrowing experience. Some of the key services include: Benefits of Education Finance Loans The benefits of availing education finance loans extend far beyond immediate financial assistance. Let’s run our eyes over some notable advantages: Navigating the Application Process While the prospect of securing funding for overseas education may seem daunting, Lorien Finance strives to simplify the process and provide personalized assistance every step of the way. Here’s a brief overview of the typical application process: Conclusion To conclude, Lorien Finance is pivotal in facilitating access to international education for Indian students, enabling them to pursue their academic aspirations with confidence and peace of mind. By offering tailored loan solutions, expert guidance, and comprehensive support services, we aim to empower students to navigate the financial challenges of studying abroad and embark on transformative educational journeys. As the demand for overseas education continues to rise, the importance of education finance in realizing students’ dreams cannot be overstated. With the right financial partner, Indian students can embark on a path of academic excellence and global citizenship, laying the groundwork for a bright and prosperous future.
Leaving home to study abroad: A journey filled with emotions!
‘Papa kehte hai bada naam krega’ inspired us throughout our whole childhood to make the best man of our lives proud! Congratulations, on starting this voyage of making your loved ones proud by getting accepted into the overseas university of your dreams! It is finally that time when your parents are receiving applauding calls from all your relatives, and your parents are trying to contain their excitement. But we understand, what a rollercoaster of emotions both you and your parents must be feeling. It has finally started to hit you that you’re leaving your home, your family and friends, your country behind. Get ready with a tissue box, this is going to be one hell of an emotional write! It’s not like a trip with your friends where you’ll be back in a couple of days, it’s a major change that will take place in your life. You would be gone for a noticeable period, away for years, missing celebrating your favourite festivals with your siblings, without your mom buying new clothes for you or dad getting your favourite box of sweets! Gear up for your mom being emotional at any random time about how she’ll miss you and how home wouldn’t be the same without your echoing voice, for your dad to conceal his emotions and tell you how you will be managing everything, for your grandmother to burst into emotions, and your siblings to miss their partner-in-crime! We understand that it’s not easy, but, you must keep calm when your oh-so-sweet (or maybe not) relatives advice you on your do’s and don’ts for your study abroad journey till the time they see you off at the airport. Although you’re full of excitement to start your life in a new country and humming ‘ek zindagi meri, sau khwahishein, main puri kra’, but the reality of leaving home and being emotional is also natural. You’re also anxious about all the new things you explore in your host country from a new home to a new best friend to a foreign language to new favourite food, but, your loved ones and Lorien are always with you! So, when your family is being emotionally vulnerable, just tell them ‘Dhondu, just chill!’ And that you’ll manage it all with their blessings. That this decision of flying to a foreign land will help you get closer to your dream of making your loved ones proud, and that you love them so much, and no matter the distance, you’ll be close to them forever! At Lorien Finance, we are like your fairy godparents – we’ll bibbidi-bobbidi-boo all your study abroad needs into reality! Whatever it is that you require assistance in, we’re there with you throughout your study abroad journey! Connect with our counsellors to ease your voyage making you hum ‘Yun hi chala chal raahi, kitni haseen hai ye duniya!’ Board that plane, take the risk of a lifetime, make mistakes and ace your journey! A dream, a new country, a course and some new friends await your arrival! After all, zindagi ek safar hai suhana, yahan kal kya ho kisne jana!