Studying abroad is a dream many cherish, offering the promise of diverse experiences, global exposure, and a world-class education. However, financing an international education can be a daunting challenge. In the lush and culturally rich state of Kerala, this dream is not beyond reach, thanks to various education loan options.
This blog will explore the top 5 education loan in Kerala for study abroad, each offering unique benefits and tailored to the specific needs of aspiring students.
Securing financing for higher education abroad is a major concern for many aspiring students in Kerala. Fortunately, Kerala offers a range of education loan options tailored to the diverse needs of students. Here are the top five education loan choices available in Kerala;
When it comes to education loans in Kerala, the State Bank of India (SBI) stands as one of the most prominent and reliable options. SBI has a well-established reputation for providing financial assistance to students pursuing higher education abroad.
Federal Bank is another prominent player in the education loan landscape in Kerala. The bank's education loans are designed to meet the diverse financial needs of students seeking international education.
The Kerala State Higher Education Council (KSHEC) offers an innovative approach to education financing through its scholarship loan program. Unlike traditional bank loans, the KSHEC Scholarship Loan operates as a government initiative with a unique focus on supporting the educational aspirations of Kerala's youth.
KSHEC's scholarship loan program is a pioneering initiative to financially support deserving students who secure admission to prestigious institutions abroad. This program stands out for its focus on merit, ensuring that students with exceptional academic records have access to the financial resources they need.
Unlike traditional bank loans, KSHEC scholarships have subsidized interest rates and extended repayment tenures. The government's involvement in this initiative aims to reduce the financial burden on students and make quality education more accessible.
The KSHEC Scholarship Loan has been instrumental in supporting numerous students from Kerala in pursuing their dreams of international education. The success stories of these students serve as inspiration and demonstrate the positive impact of government-backed initiatives.
Canara Bank is a well-known name in the banking sector and offers a comprehensive education loan scheme for students planning to study abroad. It provides students with financial resources and assistance to fulfill their educational aspirations.
For students belonging to backward classes in Kerala, the Kerala State Backward Classes Development Corporation offers an education loan scheme. This initiative aims to provide financial support and educational opportunities to students who might otherwise face financial constraints.
Selecting the right education loan in Kerala for study abroad involves a strategic approach. Start by researching and comparing options, considering interest rates, repayment terms, and eligibility criteria. Evaluate your financial capability and the total funding required for your education. You can also consider approaching any of the top study abroad consultants in Kerala for better guidance and support.
Verify that you meet the loan's eligibility requirements. Comprehend the interest rate structure, favoring one that aligns with your financial plan. Explore repayment flexibility and collateral requirements. Familiarize yourself with the loan application process and its documentation. Develop a comprehensive financial plan and, if needed, seek guidance from education loan experts.
Kerala offers diverse education loan options and expert consultants for overseas education students. From renowned banks like SBI, Federal Bank, and Canara Bank to government programs like KSHEC Scholarship Loan and Kerala State Backward Classes Development Corporation Education Loan, there are choices to suit all needs. Expert guidance from consultants like Edoxi, Times Training Center, Kerala State Education Loan, and HDFC Bank streamlines the process. With these resources, Kerala's students can realize their international education dreams.
Here is a list of other major locations where Edoxi offers Study Abroad Services
English Language and Soft Skills Trainer
Ms. Shereen Backer is a broad minded English language and Soft Skills trainer with Edoxi Training Institute, Dubai. She is fascinated about training young minds and professionals to reach new heights in their career. Her vast experience as an English language and soft skills trainer enables her to handle training sessions for students from diverse cultures.
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For the last seven years, she has been working with companies and universities as an ESL/EFL verbal trainer cum academic and career counsellor. She helped more than 500 individuals to clear exams like IELTS, PTE, TOEFL, OET, DET, PSAT, NMSQT and SAT. She also specialises in voice and accent training for English language students.