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For many Indian students, studying abroad is a dream. Thus, Calicut advisors are crucial to making this dream a reality. As the city is known for highest students going abroad. However, financing your studies is one of the biggest hurdles in studying abroad. It is where role of consultants in Calicut come in to guide you. They offer many services, among these helping you to apply for abroad study loan is primary one. They guide you to select the best financial options and fill out the required papers. Thus, the top study abroad consultants in Calicut ensure that you get the money needed for your studies. Let’s first check what expenses these loans cover!
What Abroad Study Loan Cover?
Before starting the process of taking a loan with Calicut advisors, it is better to know what it covers. However, these loans are special fiscal instruments that cover your various expenses. It includes expenses such as tuition fees, living costs, travelling, and other costs like study-related items. Moreover, banks and other agencies provide abroad study loan to students at lower interest rates. They also give you the option to pay back the amount once your studies are complete. There are two types of loans, which are:
- Secured Loans: These loans call for fixed deposits or property as security. Yet, the interest rates of these loans are lower.
- Unsecured Loans: There is no need for any security for this loan, but have high interest rates.
Thus, advisors in Calicut help you to find which types fit your budget best. They also provide many services to support you so that you get a loan with ease. Let’s check out these services below!
What Are the Services Provided by Consultants?
In this section, you will be exploring the services provided by the experts to ease you journey abroad by making the finances sorted:
Initial Consulting & Preparing Documents
To get a study abroad loan, connecting with the top study abroad consultants in Calicut is a first step. They analyze your fiscal history, the total cost of your studies, and the country in which you want to study. As per this review, they suggest loan options that are helpful for you. Further, it includes banks that offer favorable loan tenures, interest rates, and payback plans. The advisors also help you to know the total loan amount you need as per your course and college.
Moreover, preparing documents is also a crucial step, and Calicut advisors make it easy for you. They give you a list of documents you have to submit. These are identity proof, proof of co-applicant income, admission letter, tuition fee estimate, and security papers (if needed). That’s why the advisors help you to collect all these papers and ensure accuracy. They make sure that no error will delay your approval and the entire abroad study loan process is correct.
Apply for a Loan
Calicut advisors help you to apply for the loan in the selected bank if all the paperwork is in order. Yet, this is another vital step in which their expertise is helpful. They have the details of the study abroad loan process of various banks and help you to fill out the form effectively. Moreover, the expert advisors also apply on your behalf. They make sure the paperwork is correct and finished within the timeline.
Further, many advisors have direct links with banks that speed up your process of loan approval. They track your loan status and tell you if more details or documents are needed.
Loan Approval Process
Generally, the loan approval process takes a few weeks once you have applied for it. During this time, the bank will analyze your paperwork and check your background. However, it involves assessing the applicant and co-applicant financial position. If you have applied for a secured loan, they will also check your security offered.
Further, the support of top study abroad consultants in Calicut at this stage is helpful. On your behalf, they talk with the bank officers to make sure everything goes as per the plan. They also help you to solve any issue that comes up during this process.
When the loan gets approved, the bank transfers money directly to your college. However, they transfer money as per the payment terms told by the college abroad. In some cases, you may also get a part of the loan amount to help you with living expenses.
Support After Loan Approval
The process does not end after getting the loan. This is because many students need support and advice during their study journey. When a loan gets approved, Calicut advisors remain in touch with you for payback terms. They also give you tips to manage your finances for studying abroad. If needed, many advisors support you in renewing loan terms. They guide you on how to better manage repayment when your studies are over.
Further, some advisors stay in contact with you and your families. They make sure that you know if any bank policy or interest rate changes and affects your loan repayment.
Conclusion
To sum up, the journey of going abroad for studies is complex, mainly in terms of finance. However, overseas education consultants in Calicut, like gradding.com, make the process of applying for a study loan easy. They provide full-service support from the initial meetings to loan management when you get it.
Further, with the use of their expertise, you can focus more on your studies and less on fiscal matters. The advisors are here to support you at every step of the abroad study loan process. Whether you need support in selecting the bank, finishing paperwork, and handling the loan process.
