JUST IN
Select lender that will offer amount needed to buy chosen property
Use data on education loan defaults to rank courses
Not just car, get a good deal on auto loan as well, advise experts
Prepay home loan to tackle 190-bps rise in repo rate since May: Experts
Applying for a digital loan? Stick to loan apps on RBI's white list
Term plan works better for covering home loan liability, say experts
Loans against sovereign gold bonds may help reduce borrowing cost: Experts
Personal retail loan disbursements rise 42% at end-March 2022: Study
Parents' income, child's record count in getting education loan: Experts
After rate hike, ask your lender to increase home loan EMI, not tenure
You are here: Home » PF » News » Loans
Telemedicine to the aid of home-bound patients in the time of Covid-19
Business Standard
Web Exclusive

Need an overseas study loan? It is easier to get one from a global lender

The hitch is that they are in foreign currency and carry an exchange risk in case you want to work in India

Topics
Education loans | study abroad | US universities

Bindisha Sarang  |  Mumbai 

Should you take an education loan or use retirement kitty to pay the fees?
Many lenders also insist on a co-borrower, usually a parent. The co-borrower acts as the guarantor who has to settle the dues if the student defaults

Lucknow-based Himanshu Singh is set to begin a Masters in Finance course at the University of California, Irvine, this August. Says the 29-year-old: “I applied to a couple of Indian lenders for funding, but they took a long time to respond. One player said it would not need collateral but later changed its stance.” Singh then applied to a foreign lender called Prodigy Finance and was successful in getting a $50,000 loan.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.
OR

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

Read our full coverage on Education loans

First Published: Fri, June 18 2021. 19:11 IST

`
RECOMMENDED FOR YOU
.