Tuesday, September 22, 2009

India Budget 09 favors overseas education aspirants

If the new budget is any indication, aspiring students of a wide range of higher education programs overseas can avail loans from Indian banks and earn tax benefits too. This is all the more good news for MBA aspirants, since the fee for management courses abroad is very high. Taking loans for public sector banks makes sense especially for those who intend to return after completion of the course to work in the Indian subcontinent.

Criteria for loan disbursal.
Banks take into account some crucial factors in sanctioning loans
1. Whether you received confirmed admission.
2. Whether your admission is merit based.
3. Your previous qualification
4. Whether the college is ranked high
5. Future job prospects and likely income
6. Repayment capacity of the co-applicant
7. Placement record of the university

The repayment begins usually one year after the course is over. The standard repayment period is 5-7 yrs. Banks have put an upper limit on loan disbursal at 20 lac.
Let funding issues not come in the way of your career aspirations.


  1. Santa Monica Canada Migration program is a highly reputed migration program for students in India. Students who apply with Santa Monica Canada Migration program are fully supported by Immigration Attorney with over 20 years experience and in depth, updated knowledge of all immigration and visa rules and its amendments at Canada Immigration Department. In Santa Monica Canada Migration program, expert academicians will assist you to select and pursue the desired program at any of the well reputed colleges and universities in Canada. Thus Santa Monica Canada Migration program helps students to pursue their dream of higher studies in one of the safest countries in the world, Canada.

  2. The Hope is leading abroad Overseas Education Consultant in India. We are one stop solution for free education in Europe, US, UK, Canada, Singapore, Australia.