Financial Assistance
Edwise International Assists You in Making Study Abroad Loans Easy
You can easily achieve your dream of studying abroad even if you have limited funds. Education loans for studying abroad can be a crucial part of your overall funding strategy. At Edwise, we provide you the opportunity to avail of an education loan for overseas studies that covers all aspects of higher education including college fees, cost of books and accommodation.
We partner with Nationalized & Co-Operative Banks that offer student loans for studying abroad at reasonable interest rates and we also have association with well-known financial institutions. We help you with the complete procedure for an overseas education loan, starting from selecting banks, producing the required documentation, meeting the eligibility criteria, interest rates and repayment period, etc. The whole process for securing a student education loan for study abroad is simplified and made easy with the help of Edwise’s expertise, backed by over three decades of industry experience.
-
Seamless student loan process:
By assisting students throughout each step right from application to disbursement, Edwise streamlines the entire education loan journey. Their knowledgeable counselors guarantee that documentation is as simple as possible and assist in preventing typical errors that cause approvals to be delayed.
-
Access to 25+ Nationalised Banks, Private Sector Banks, Cooperative Banks, Foreign Banks, NBFCs & Financial Institutions:
Via solid collaborations with nationalized, private, cooperative, foreign banks and NBFCs, Edwise provides students with a variety of funding choices. This boosts the probability of obtaining a loan that best suits the student’s educational background and financial requirements.
-
Unsecured loans upto ₹1.5 Crores & Secured Loans upto ₹5 Crores:
Based on eligibility and the country of study, students can apply for unsecured loans up to ₹1.5 crore without collateral. For substantial funding requirements, secured loans up to ₹5 crore are provided against approved assets, thereby, allowing students to enrol in expensive programs around the world.
-
Low Interest Rates Starting from 3.5%:
Edwise partners with lenders who provide reasonable interest rates, occasionally starting from as low as 3.5% based on the scheme and profile. Their team assists students in evaluating options and deciding on the budget-friendly loan structure.
-
Pre & Post Loan Support:
Edwise’s assistance extends beyond loan approval to include documentation, sanction letters, and disbursement coordination. Even after approval, they continue to advise students on payback planning, moratorium periods, and compliance requirements.
-
Instant Eligibility Checks:
Depending on their academic history, university, and financial background, students can rapidly determine whether they qualify for a loan. This saves time and allows them to choose suitable lenders prior to submitting a formal application.
-
Fast & Discounted processing for Edwise students:
Students who apply via Edwise International frequently benefit from quicker processing timelines and no processing charges. This is because of the long-standing ties and volume-based agreements with lenders.
-
Speedy Approvals & Disbursals:
Edwise’s seamless coordination between students and banks promotes faster sanction decisions. In order to ensure that tuition fees and other costs are paid on time, they also help to speed disbursement timelines.
-
Doorstep Services:
Edwise provides effortless support where documentation collection and guidance can be offered to students’ at their home or desired location. This eliminates the need for several trips to banks or offices.
-
Disbursed Over ₹20,000+ Crore in Loans Facilitated for 1,50,000+ Students:
Having helped over 1,50,000 students obtain loans totaling more than ₹20,000 crore, Edwise demonstrates excellent credibility and trusted expertise. This experience enables students to confidently handle difficult financial processes, resulting in greater acceptance rates.
Listed Below Are Several Points That One Should Know About Study Loans.
Eligible Courses
- All recognized courses having employment prospects
- Graduation / Post Graduation / Diploma Courses / Professional Courses
Expenses Which Constitute The Student Loan
- Air fare / Travel expenses
- Admission / Tuition Fees
- Boarding and Lodging expenses
- Books and Stationery expenses
- Instruments/Equipments etc. required to complete the course
- Examination / Library / Laboratory fee or any other expense required to complete the course like study tours, project work, thesis etc.
Eligibility
- The applicant should be a resident of India
- He should have secured admission to a professional/technical courses abroad
- Age of the student should be between 18-35 years.
Quantum Of Loan
- Loans can be availed for amounts ranging from Rs 4 Lakh upto maximum amount of Rs 1.5 Crore
Security / Collateral
- Upto Rs.4 lakhs - No Security (Nationalized banks)
- Above Rs.4 lakhs & upto Rs. 7.5 lakhs-Collateral in the form of satisfactory third party guarantee (Blood Relative)
- For loans above Rs.5 lakhs, one can deposit (Fixed Deposit / LIC) 50 % of the required loan sanction amount as collateral.
- Above Rs.7.5 lakhs - Co-obligation of parents/guardian together with tangible collateral security of suitable value along with assignment of future income of the student for payment of instalments.
- Partial collateral is accepted by some financial institutions and banks.
Acceptable Collateral
- Residential / Commercial property
- Fixed Deposit of the total loan value with bank
- NSC / LIC policies.(Surrender Value taken into consideration)
Applicant And Co- Applicant
- Documents should be executed both by the student & parents/guardian as joint borrower.
- The applicant is the student pursuing studies abroad.
- A co-applicant could be the parent/guardian.
Tenure
- Repayment period will be 5-10 years.
- Interest plus principal amount is to be paid every month after the first disbursement made by few financial institutions even if student has not yet traveled.
- Repayment of the principal amount to commence from 6-12 months after the completion of the course or immediately upon getting a job placement whichever is earlier.
- Interest repayment is frozen in the moratorium period by few banks.
Margin
- 15% of the loan amount is borne by the student on loans above Rs.4 Lakhs.
- 85% of the loan amount is sanctioned by the bank.
- 100% sanction is given by some financial institutions.
Who can be a co-applicant?
- Any earning member in the family such as Father/Mother/Brother/Sister/Spouse
OR - Father-in-law/ Mother-in-law/Sister-in-law/Brother-in-law/Paternal/Maternal Uncle/Aunt
Tax Deduction
- Students and or parents who borrow directly are eligible for tax deductions as per the Income Tax Act under Section 80E.
Country-Specific Banking Services
| Country | Service Type | Zero Balance | Pre-Arrival Setup | Fast Processing | KYC On Arrival | ATM Access | Debit/Credit Card Support |
|---|---|---|---|---|---|---|---|
| UK | Bank Account | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| USA | Dollar Loan Assistance | - | - | ✓ | - | - | ✓ |
| Australia | Bank Account | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Canada | Guaranteed Investment Certificate | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| New Zealand | Fund Transfer Scheme | - | - | ✓ | - | - | - |
| Germany | Block Account | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| France | Block Account | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
United Kingdom
Open a UK bank account with zero balance requirements and complete your setup even before arrival. Enjoy fast processing, KYC assistance upon arrival, easy ATM access, and full debit/credit card support for smooth transactions.
01
United States of America
Get expert support in securing student loans in USD with a streamlined process and quick approvals. Benefit from fast processing and dedicated assistance, along with access to debit/card facilities for seamless financial management.
02
Australia
Set up your Australian bank account effortlessly with zero balance options and pre-arrival initiation. Experience quick processing, on-arrival KYC support, ATM accessibility, and convenient debit/credit card services.
03
Canada
Secure GIC smoothly with guided documentation and pre-arrival setup. Enjoy fast processing, KYC assistance after arrival, ATM access, and full debit/credit card support to manage your finances with ease.
04
New Zealand
Transfer your funds securely to New Zealand with reliable and efficient process. Benefit from fast processing and a trusted system designed to support your financial needs during your study journey.
05
Germany
Open a mandatory German block account with zero balance flexibility and pre-arrival setup. Experience quick processing, smooth KYC on arrival, ATM access, and debit/credit card support for easy fund management.
06
France
Set-up your French block account in advance with a simple and guided process. Benefit from fast processing, on-arrival KYC, ATM accessibility, and seamless debit/credit card usage for everyday expenses.
07
