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Overseas Education Loan: How United Educational Services will help you.


The number of students opting for higher education abroad has increased exponentially in the past two decades. Also, there is a drastic increase in the number of students opting for overseas education loan due to increase in the expenses of quality education abroad. Today there are numerous lenders offering loans to students.


If you are a student from India aspiring to study abroad or in a good Indian university, you can make the process easier by choosing to apply through The United Educational Services. We have been providing high quality education consultancy service to Indian students for decades. UES have been helping hundreds of students each year to identify the right studying opportunities abroad.


Education loan for India is also available for students wanting to study in Indian colleges. There is, however, some difference in the requirements for overseas and Indian education loans. In general, when applying for a study loan, you must keep in mind the following criteria :


  • A co-applicant is a must ( could be parents, a sibling or a spouse )
  • For loans between Rs 4 – 7.5 lacs a third party guarantor is required
  • Collateral needs to be provided for student loans above Rs 7.5 lacs
  • Loan repayment commences 6 to 12 months after course completion
  • If a student goes abroad, lender recovers the remainder from co-applicant

Lenders have their own criteria developed for the upper limit of the loan, the interest rate to be charged and the period and mode of repayment.


Lenders usually have some pre-approved courses and institutions and usually sanction education loans on the basis of the quality of the institution, relevance of the course to career options, credit worthiness of the guarantor or co-applicant.


For those applying for education loan for India, lenders will look for AICTE or UGC approval


Education loan for abroad or for India usually cover (inter-alia)


  • Tuition fees
  • Charges for examination, library, laboratory and hostel
  • Cost of purchasing books, equipment, instruments and uniform
  • Travel expenses for study abroad
  • Caution money, refundable deposit, etc.
  • Study tours, exchange programs and project work

Documents Required Study Abroad


  • Mark sheet for last qualifying examination for school and graduate studies in India
  • Proof of admission to the course
  • Schedule of expenses for the course
  • Copy of letter confirming scholarship, if any
  • Copy of Foreign Exchange permit ( if available)
  • Two passport size photographs
  • Statement of borrower's bank account for last six months
  • Income Tax assessment order not older than two years
  • Brief statement of Borrower's Assets and Liabilities
  • If not a customer of the lending bank provide proof of identity and residence