If you are dreaming to study abroad, you might require to take up the education loan to bridge the gap of available finance and the required funds. Whichever course or the university you may choose to study abroad, The Career Management can surely guide you to avail of the Education loan to fulfill your dream.

GROUP COUNSELLING (SEMINARS):

The Career Management is going to hold seminars in different parts of India and shall come to your city anytime, DO NOT MISS this golden opportunity to interact with our expert counsellors and get the right advice on your medical career! Also, it is highly advisable to attend one of our Online Counselling sessions on MBBS abroad till PG before attending the seminar as you would have your basics clear since the start!

About Education Loan

Basically the concept of education loan is to bridge the finance till the student completes the studies and then let the student pay back the same to the financiers in the form of EMI. The student is expected to get the employment on completion of the course and pay back from the salary. Accordingly, the education loan is generally in the name of the student. However, the money is always co-borrowed by the parents in order to securitize the loan extended to the student.

There are 2 types of Education loan available for the students.

Education loan by Public Sector Banks:

Most of the study abroad programs are covered by the public banks for providing education loan. Generally they prefer to know the customers before they provide the loan and accordingly, you should approach the branch of your own bankers. There are 3 slabs of education loan which are popular among most of the banks:

Rs. 4 Lacs	Based on parents income proof
Rs. 7.50 Lacs	Based on Guarantor’s income proof
Rs. 20 Lacs	Additional collateral security

The tenure of repayment is very convenient for the students such as 10 years for Rs. 7.50 Lac loan and 15 years for Rs. 20 Lacs amount. Also, the scheme have 1 year of moratorium period after completion of the study / course. This period allows the student gives time to get the employment. Till the loan repayment is started in the form of EMI, the parent needs to pay the interest rate. Generally the interest rate is around 12% (changes constantly) for boys and a discount on interest rate for 11.5% for girls.

Generally, the education loan product has high NPA (Non-Performing Asset) meaning the repayment problems. Accordingly, the bank managers are not very anxious to give education loan. The responsibility for allotting sanction of education loan remains with the bank manager. The risk taking ability of the bank manager is limited especially for education loan and

ONLINE COUNSELLING SESSION (WEBINARS):

To register for a live Online counselling session and get all your doubts cleared with the CEO of The Career Management,

Education loan by Private companies

Nowadays, there are few companies offering the education loan in the market. HDFC Credila is one of the pioneers in the field of providing education loan for study abroad to the students. The schemes for individual type of programs and for parents with varied financial back ground are customized. It is the first company to launch education loan for many students looking to study abroad:

• 1. MBBS in USA. MBA
• 2. MS programs in various countries including Germany
• 3. MBA abroad in various countries
• 4. Study in Europe for various Career programs

Generally the interest rate of the private companies providing education loan is higher than the public sector banks of India. However, their professional services and quick loan sanction process makes them a preferred choice among the students.

TELE - COUNSELLING:

The Career Management has an extremely knowledgeable and experienced team of MBBS counsellors who have an expertise in a specific topic like , etc right up to PG. You can be in touch with one of the counsellors constantly via phone calls, SMS, Whats app, Emails, etc and they shall be there to solve your doubts and help you carve the right path towards your MBBS journey!

PERSONAL COUNSELLING:

The Career Management has its branch offices in 12 cities of India now so there is no need to travel all the way to the Mumbai Head office for a personal counselling! You can still do so if you wish though. To get to a The Career Management office in your own city for a free personal counselling session on MBBS Abroad right up to PG in USA/ Germany, You call on