Student Aid & Scholarships
Financial Guidance
Limited funds? No problem. Global edu mentors helps you finance your overseas education through comprehensive education loan support.
Global edu mentors in partnership with banks and reputed financial institutions offer student loans for studying abroad at competitive rates. We guide you through the entire process—bank selection, documentation, eligibility, and repayment—making it simple and hassle-free with over 30 years of expertise.
Global edu mentors in partnership with banks and reputed financial institutions offer student loans for studying abroad at competitive rates. We guide you through the entire process—bank selection, documentation, eligibility, and repayment—making it simple and hassle-free with over 30 years of expertise.
Key Points About Study Loans
Eligible Courses
- Courses with strong career prospects, such as Graduation, Post-Graduation, Diploma, and Professional programs. All duly recognised by respective organisations.
Expenses Covered by a Student Loan
- Tuition and admission fees
- Accommodation and boarding expenses
- Books, stationery, and study materials
- Airfare and travel costs
- Exams, library/lab fees, and other academic expenses (study tours, projects, thesis, etc.)
- Course-related instruments, equipment, or tools
Eligibility Criteria
- Must be a resident of India
- Must have secured admission to a professional or technical course abroad
- Age should be between 18–35 years
Loan Amounts
- Loans range from ₹4 lakh up to ₹1.5 crore
Security / Collateral Requirements
- Up to ₹4 lakh: No security required (Nationalized Banks)
- ₹4 lakh – ₹7.5 lakh: Collateral via a third-party guarantee (blood relative) or 50% fixed deposit/LIC as collateral
- Above ₹7.5 lakh: Parents/guardian co-obligation plus tangible collateral and assignment of future income
- Partial collateral may be accepted by some banks
Acceptable Collateral
- Residential or commercial property
- Fixed deposits covering the loan value
- NSC or LIC policies (surrender value considered)
Applicant and Co-Applicant
- Loan documents must be executed by both student and co-applicant
- Applicant: Student pursuing studies abroad
- Co-applicant: Parent, guardian, or any earning family member
Repayment Tenure
- 5–10 years
- Interest plus principal is generally paid monthly after disbursement, even before travel in some cases
- Principal repayment typically begins 6–12 months after course completion or upon securing a job, whichever is earlier
- Some banks may freeze interest during the moratorium period
Margin
- Loans above ₹4 lakh: 15% contributed by the student; 85% sanctioned by the bank
- Some institutions offer 100% loan sanction
Eligible Co-Applicants
- Parents, siblings, spouse, or any earning family member
- Extended family: Father-in-law, mother-in-law, siblings-in-law, paternal/maternal uncle/aunt
Tax Benefits
Students or parents borrowing for education may claim tax deductions under Section 80E of the Income Tax Act- Loans range from ₹4 lakh up to ₹1.5 crore
