The students aspiring to study abroad are greatly attracted towards the fast-becoming best study abroad destination – Canada. Any country gains its popularity by fulfilling maximum expectations of the students.
The above mentioned are just a few points which make the international students choose Canada over various other study abroad destinations.
Amongst majority of international students, Canada is a popular choice for a huge number of South Asian students out of which a substantial chunk pursue a Postgraduate Diploma in various fields in Canada.
The PG Diploma Course is opted by many students as it is an easy access into the country and does not require very high grades to apply for, as this degree is offered by the Canadian Institutions and a few Canadian universities.
For PG Diploma courses students are supposed to disburse a particular amount in one shot to GIC - Guaranteed Investment Certificate before applying for the visa. They also need to pay tuition fees and living expenses in advance before proceeding with visa application. The total cost of PG Diploma course in Canada along with GIC ranges from C$23,000 to C$27,000 which comes up to 13 lakhs to 15 lakhs in Indian Currency. This is when the need of education loan for studying in Canada arises for those who cannot afford the entire amount in one shot on their own.
Having understood the financial requirement let us now look into the education loan process.
Canada Visa Immigration Officers accept two types of Education loans for Student Visas:
Education loan sanction letter from Nationalized Banks, Private Banks as well as NBFCs are freely accepted by Canada Visa Immigration Officer.
The steps to be followed while applying for the Overseas Education Loan are as follows:
E’LAN Loans Team gives end to end Overseas Education Loan assistance and we do not charge for this. The team first checks the eligibility of the student and accordingly suggests the right financial institutions to approach for the loan. This reduces the possibility of loan rejection by 90% and also saves the student’s time which would otherwise get wasted in waiting for the application outcome. Our team proactively suggests the type of loan to be taken, kind of assets to be shown and even the ITR to be filed.
In case the student gets stuck with the bank procedures and norms, immediate and effective solution is provided by our team.
When we say complete guidance we sure stick to our words. You can approach us for more details regarding loan for higher education abroad.
We give in person as well as online assistance for students across India.