Studying abroad can be a life-changing decision, but it is not easy. Those who want to pursue higher education abroad but find it difficult to secure funding now have the option of funding their education. This article will go over every detail concerning education loans for studying abroad. Be it the loan application process, eligibility, or the documents required. We will also discuss other aspects of student loans, such as Indian banks providing student loans and the role of a guarantor. The first and most important step is determining whether you are eligible to apply for an education loan. The general terms and conditions that are usually followed by any bank when granting an education loan are listed below:

The applicant must be an Indian citizen.
If the applicant is under 18, his or her parents must take out the loan.
The applicant must have a strong academic record.
The applicant must have been accepted into a recognised foreign university/institution/college.
Because banks prefer job-oriented courses, the applicant's desired course must be technical or professional in nature.
Before applying for an education loan, the applicant must be fully aware of the documents required to apply for a study loan in another country. To apply for an education loan for international studies, you must have the following documents:

Filled application form
Photographs: Passport-size photographs of the applicant and the co-applicant.
Photo ID: Photo ID of the applicant and the co-applicant. It can be a PAN card, driving license, Voter ID card, Aadhar Card, or Passport.
Residence proof: Resident proof of the applicant and the co-applicant
Academic documents:
Mark sheet and certificates of the applicant
Mark sheet (Score Report) of GRE, GMAT, TOEFL, IELTS, etc. whichever is applicable
Admission proof: Admission letter shared by the university or college.
Bank statements: Last six months' bank statements of the co-applicant
Income proof: Income proof of the co-applicant
In the case of collateral (immovable property), it can be flat, home, or non-agriculture land the following documents are required:
Property title deed
Building approved plan
NOC for a mortgage from a builder or society
If you have any further questions just ask me.