Finance your International Degree with Study Abroad HDFC Credila Loans
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Realistically, getting a foreign degree is tough, but never impossible. To obtain an overseas degree from the UK, the US, Canada, Germany, or Australia, perhaps could be an arduous task. Building an international career is not easy, and apart from education, finance could be a hindrance.
Good academics can provide a wonderful scholarship, but it is not simple. Read the article on scholarships.
There is no escape from education loans because living abroad is expensive. You will need deep pockets to pay tuition fees and health insurance.
Okay! You received a scholarship, but what about the living expenses?
The scholarship will take care of the tuition fees, and perhaps expenses related to university fees.
What about the other expenses?
Therefore, knowing about the loans & banks is important.
In recent years, India has become a hub of engineers and accountants. In general, many students in the STEM field, or MBA students, prefer India. Indeed, the financial system is abreast with the students who require loans. Whether you’re aiming for an MBA in London or a STEM degree in the U.S., several Indian banks and NBFCs (non-banking financial companies) are ready to back your journey.
Loan Provider HDFC Credila
Your dream of studying abroad in the U.S., U.K., Canada, or Australia can be expensive. The expenses would include tuition fees, living expenses, visa costs, and a flight ticket. These miscellaneous expenses would increase your budget. This rise in budget is perhaps inadvertent, but it will give stress to every student’s family.
HDFC Credila is not a conventional loan. It is customized for you. The criteria depend on the university that you have applied to, the course, and your financial profile. So if you are pursuing education in the STEM field in the U.S. or an MBA in London, the loans would cater to your requirements.
For HDFC Credila students can opt for secured(with collateral) and unsecured(without collateral). If there is a property, then it will be helpful. It will be beneficial to secure a loan.
Co-applicants are mandatory. If your parents have steady income and are financially well off, then it will be helpful, because they can help you when there is any delay or any emergencies.
Also, one has to know the interest rates, which are around 11-13% per year. Credila HDFC will provide a great deal compared to other banks.
The process is quick if all the documents are in place. Moreover, students have 12 years to pay off the loan amount. Also, the repayment will start from the 1st semester.
