VideshConsultz , Best Study Abroad Education Consultancy in India for students planning to Study in Europe. If you are not sure, you can request a callback and the study abroad education loan team will call you and guide you throughout the education loan process, until sanction. Students apply to us and we do the required pre-qualification, a process which suggests the right fit of education loan option based on the the student’s profile i.e. The bank told me they are not eligible to give me 20+ lakhs loan. Step 11: WeMakeScholars team will regularly follow up with the approval body to fasten your process and get the sanction on time. Incse they have some doubts? I asked to my branch manager about WeMakeScholars and he had not heard about this initiative before. If you're in urgency, also, wanna avoid all the hardships of painful banking procedure, WMS is your go-to organization, undoubtedly. It’s a global professional experience without the cost associated with travel. So, there is lesser chance of your case getting struck at some stage. Is that true? I told her all my process and problem which I faced. We also help students with the Avanse documentation process and in negotiating on your behalf for the Avanse processing fee and other associated charges. Various types of collateral accepted include: Flat/ House/ Open land with boundaries/ Fixed deposit (FD)/ Gold/ LIC policies/ Bonds. We offer young people like you a safe, guided experience into the world of medicine through our international High School Special programs. Choose one or multiple banks which suit your needs and click “Apply”. You have landed an offer letter from your dream university but the university fee is too high owing to our exchange rate and now, you are planning on taking a loan. To be honest, I did face some difficulties after my education loan got sanctioned and the disbursement was finally done. Yes. We do offer our end-to-end services to 14+ banks including public, private and NBFCs. Since our launch in April 2015, over 1500+ study abroad aspirants achieved their dream by applying and winning International scholarships through WeMakeScholars.com. Step 7: You will visit the branch for document submission and verification. With an aim to help these study abroad aspirants to achieve their dream, WeMakeScholars had started the “Study Abroad Education Loan” product, with support from the IT Ministry, Govt of India. Step 3: All the required docs to be arranged by the you will be explained. UNL web framework and quality assurance provided by the, Apply to the University of Nebraska–Lincoln, Give to the University of Nebraska–Lincoln, International Travel Registry for Students. No bank accepts agricultural land as collateral for an education loan. You can also apply online directly for quick processing. Local & virtual programs provide an opportunity to engage with other cultures and countries without traveling abroad! But since people from we make scholars regularly attend bank seminars and conference can come to your rescue and can save you from being misled or from being duped. Due to high number of callback requests, we are not accepting any new requests at the moment. First, you have the higher costs associated with booking through your school or an internship placement program. I applied for 26 lakhs study abroad education loan for masters studies in the USA through WeMakeScholar (WMS). Though scholarships act as leeway for evading the burden of repaying the loan, financing for studies abroad is quite a daunting task for most families in India. Step 8: By any chance, anything goes wrong at the branch, you can tell us then and there, and our team will speak with the branch manager on your behalf. Can I still apply to WeMakeScholars for an education loan for abroad studies? The margin percentage for the Canara bank abroad education loan is 15%. Can You guys help me now? This feature is only applicable for Indian nationals, Select permanent location (City/ District). Transparent information of interest rate, loan terms, etc on various loan providers, to help you compare and choose the best. This is relatively a new initiative and not all the branch managers might be aware about it. We donot charge any fee for our services as this initiative is supported under the Government of India. Yes. Within 3–4 days, that NBFC took over my case and they processed the loan amount of INR 13 Lacs within the next 20days, with an interest rate of 13.1% after a few rounds of negotiation by my family. We make sure you have all the documents and prerequisites required by the bank, beforehand. Yes, you can apply to us and we can carry forward the same application and help you with the sanction. This largely depends on the profile yours and the your co-applicant’s profile. Does WeMakeScholars help only with public bank, or with other private and NBFCs too? But, my uncle has. Do you help with both Collateral and non-collateral education loans for abroad studies? For instance, I was not aware of the rate of interest and the SBI Global advantage scheme for funding education abroad. Canara bank usually offers up to 20 lacs for abroad education. (October 2017). Applying via WeMakeScholars ensures the 4 following benefits: Does WeMakeScholars’ team negotiate with the banks/lenders with the interest rates? We intervene at every step of the process and cut down the processing time by coordinating between you and the bank. Next day she talked to my SBI bank and SBI head office in Mumbai & sorted all the matter. Apply for Avanse education loan online aplication form. The Education Abroad staff is available for student advising through Zoom. I can't thank them enough for helping my career take a shape and am more than happy to encourage everyone who's reading my answer, to go with WeMakeScholars. With over 3,000 islands and the world’s third largest economy, an internship in Japan will enable interns to connect with large scale businesses and understand how cultural elements play into Japanese business. The margin percentage for the Canara bank abroad education loan is 15%. Expect to come out of this opportunity forever changed and ready to take on the professional world. This includes the tuition/course fee, equipment, living expenses, travel expenses. Especially, when post-Brexit scenarios in the UK are yet to hit back its previous glory, processing the abroad education loan without the collateral security, was, indeed a tough deal. Some of them would also have forgotten. Every year, more than 30% study abroad aspirants drop even after getting an admit to their dream university. When you intern abroad, the cost may vary dramatically. Is there any cap on the maximum education loan amount, I can request via WeMakeScholars? As we directly work with the Head offices of banks, we are the first ones to get updated about any new/ amendment on the bank’s policy. Hi I am a student currently pursuing my masters from the States and I would definitely recommend we make scholars to other students, as I got immense help in terms of guidance for my education loan from SBI, I was facing a great deal of difficulty to understand how everything works, but since I was in constant touch with We make scholars, I was able to get my abroad education loan sanctioned much easily. Medical Internships Abroad for High School Students We understand that getting clinical experience as a high school student can be extremely difficult. VideshConsultz is official Representative of European Universities.we do provide for Free Education and Scholarship Service to Germany.Italy,Poland,Latvia,Lithuania,Hungary,France,Sweden,Finland,Norway,Austria & many other … The loan officers, especially at national banks, offer incomplete information and most of the time offer only superficial information regarding the education loan. Canara bank usually offers up to 20 lacs for abroad education. Best customer service with end-to-end coordination: SBI education loan for abroad studies and application form details, A guide to education loan without collateral, Prodigy Finance and Indian Public banks: Myth vs Reality, Everything you need to know about education loan for abroad studies, Education loan interest rates – Comparison between public and private sector banks in India, How to pay my education loan back before its a burden, We help get you a sanction in 5-7 days from a private bank or NBFC. I have already started my application with a bank and its struck due to some issue and I have no clear update. Yes, we are offering a cash reward of INR 3000 for every successful referral. Note: Not all the nearest branches are the fastest. The Padho Pradesh scheme is applicable for Masters and Ph.D. degree levels. students get genuine and unbiased loan option. What are the types of collateral accepted by the banks for abroad education loan? Considering your eligibility, you get the list of loan providers with the details of interest rate, approximate EMI and processing fee. I contacted WeMakeScholars (WMS) via email & FB and they called me back within a day. ISA's Global Remote Internships combine the experience of working for a company abroad while earning optional academic credit of a college-level internship with the ease and comfort of staying at home. As we work with 14+ banks/NBFCs, we make sure you get the second best bank option if you are not eligible for the first best bank option, and so on. GVI has sent more than 25,000 volunteers overseas on programs ranging from construction, to animal care, to education, and beyond with 95% … Yes. We help study abroad aspirants in arranging their financials on time, without any hassles. Firstly, I started my SBI education loan process via offline (In offline you directly approach the bank and start the process without any mediator). They have multiple schemes for the education loan- Baroda Gyan for higher education in India, Baroda Education loan for premier institutes in India and Baroda Scholar scheme offers education loan for studies abroad. I heard WeMakeScholars team is better updated with the latest schemes and policies of the banks than the branch managers. Apply for PNB education loan online aplication form, Canara bank offers abroad education loans under the IBA Model Education Loan scheme. Apply for BOB education loan online aplication form, Punjab national bank (PNB) offers four schemes under the education loans- PNB Saraswati, PNB Pratibha and PNB Kaushal are for education loans in India. Once I showed them that the branch is eligible for the SBI Global EdVantage education loan scheme, they started with my valuation and search report. About Padho Pradesh interest subsidy scheme for education loans to minority community students: The Padho Pradesh scheme is a central sector scheme launch by the central government. WeMakeScholars team directly works with the Head office of Incred Finance and would be able to offer discounted interest rates with the best customer service experience. For them, it was impossible to take up an international degree without a scholarship. I was facing much delay but with the help of WMS, SBI acted very quickly. Apply for Padho Pradesh education loan aplication form, We won't post on your account without permission. WeMakeScholars only helps with education loan for abroad studies or also to study in Indian universities/colleges? Founded in 1997 by Richard Walton, Global Vision International (GVI) is an award-winning organization that provides opportunities for internships and volunteer abroad trips in Africa, Asia, Australasia, Europe, Latin America, and North America. The WeMakeScholars team speaks with the branch managers and even the higher approval bodies regarding your case to get it done faster, on time. Below is the process we follow for a public bank, explained step-by-step for your understanding: What are the benefits I get if I apply for my education loan via WeMakeScholars? Education loan in India is becoming easier to avail as more and more banks, both private and public, are providing loans at competitive interest rates with... Read More, As the number of students pursuing education abroad is increasing, many banks have started lending educational loans with attractive schemes to these students for studying overseas. So IMO WMS is legitimate and you won’t regret going with them! WeMakeScholars (WMS) is an organisation supported by the IT Ministry, Govt of India. Now, you have a reason to share with friends too. This initiative is primarily to help students with arranging their abroad education financials. One such popular educational loan scheme was offered by Credila which was recently taken over by HDFC to form HDFC Credila education loan. If I refer my friends to WeMakeScholars, do I get anything? Once I briefed the WMS representative about my urgency, she connected me through a private NBFC. Click on the image above to change the captcha. Internships Abroad in Japan Internships in Japan are more than just sushi and karaoke! The Baroda Scholars scheme is eligible for undergraduate, Masters, Ph.D., Diploma and aviation-related programs. Does WeMakeScholars team directly speak with the branch managers on the applicant's behalf? The interest subsidy under the Padho Pradesh is on the interest which is payable during the moratorium period for the education loans for abroad education/ overseas studies/ foreign education. Will WeMakeScholars team speak to my parents if required? They offer abroad education loan to over 700 universities and 250+ programs globally. Step 5: You report back to us after documents collection. WMS also helps to check your eligibility for Incred finance, Incred's documentation process, help negotiate with the Incred processing fee and charges etc. I came to know about WeMakeScholars in early September while simply browsing through the answers on Quora itself. As I was referred to that NBFC by WMS, the NBFC was liable to them at every possible aspect. This overseas education loan is primarily for those who wish to pursue a full-time regular course at a recognized foreign college or University. The other major benefit is that WMS team assists you with checking your eligibility for Avanse. Choose from over 20 experiential learning courses and remote internships. We make scholars provided me details on the same and I was able to save my parents a lot of money. Step 9: In most of the cases, the file is transferred to the approval body by the branch manager. Avanse is an NBFC offering non-collateral abroad education loans. SBI Global Ed-vantage scheme offers education loan for abroad studies from ₹ 20 lacs to ₹ 1.5 Cr. I got a call from Ishita ma’am telling me to submit my application and if anything delay happens she will help me sort it out. Apply for Incred education loan online aplication form, Check out: A guide to education loan without collateral. They gave me some contact and I was done with reports within 3–4 days. Want to go abroad this summer or interested in an international internship? Infact this is the most important step which drastically reduces the application processing time. Elon University is located in Elon, N.C., between Greensboro and the Raleigh-Durham-Chapel Hill triangle. Can I use multiple collaterals to meet my abroad education loan requirement. The HDFC education loan helps students achieve their dream of studying abroad in more than 35 countries.... Read More. Apply for Canara bank education loan online aplication form, Incred finance is a relatively new NBFC offering abroad education loan for Indian students. The study abroad program is very popular at Berea College with more than 50 percent of the student body studying abroad during college. Provide the required details to submit the application. 110 Love South Lincoln, NE 68588-4107 Phone: 402-472-5358 Fax: 402-472-5383 educationabroad@unl.edu There are may cases where the approvals were done in a week time too. It is only because of their partnership with various financial organizations, decision-making ability, and experience of handling N numbers of cases, they could come up with the least time-consuming solution for me. They require basic GRE score of 260 to be considered for the education loan processing. Incred offers non-collateral education loan up to 40 lacs. Step 2: Our team calls you and does the pre-qualification. Apply for Canara bank education loan online aplication form. Click here for information on the impact of COVID-19 on education abroad and frequently asked questions. We will start accepting callback requests from Monday 22 June 2020 - 11 am onwards, WeMakeScholars is recognized as the top social impact initiative by Amitabh Kant, CEO of the NITI Aayog, Digital India along with Sam Pitroda, Former Advisor to the Prime Minister. Advantages of applying for abroad education loan are listed below: Irrespective of the bank, you get referral reward of upto ₹3000 for every successful referral. WeMakeScholars is directly associated with the Avanse Head office which allows us to offer a lower interest rate when compared to what you get if you apply directly to Avanse. Everything is submitted by you to the assigned branch. Unfortunately, I don’t have a collateral. As this initiative is under the digital India campaign, it's at free of cost. Step 10: Meanwhile WeMakeScholars will assign you a unique 16 digit reference number to track your loan application. Click here to learn more! Apply for SBI education loan online aplication form, Check out: SBI education loan for abroad studies and application form details, Bank of Baroda offers education loan for abroad studies. The team will assign accordingly seeing the previous track record of the branch. After a few days, I came to know about WMS in the group as it’s online process and WMS helps students who are struggling to get the loan from PSU’s. Please note that you need not submit any of your docs to WeMakeScholars. of India to spread awareness on higher education in Indian colleges. Our motive is to offer unbiased education loan support and our key goal is to ensure a student should never defer their admission due to financial concerns. International internships are one of the best ways to gain skills in the field of your choice, and international placements make it easy for you to gather experience from the best in the world. Currently, it takes 60 days on an average to get an education loan sanction from a public bank. Learn more about our in-person summer internships and summer sessions.Remember, if you study abroad on Summer Specialty Program, you can take $500 off each session.Apply today - deadlines are nearing! Check out for the Avanse education loan review. (January 2016), WeMakeScholars signing a MoU with Prof. Anil D. Sahasrabudhe, Chairman, AICTE (All India Council for Technical Education), Govt. The Costs of Internships Abroad. Click here to view advising options. NO. The reason is not being able to “Arrange finance”. Providing the details of the loan amount and degree you are requiring loan for- including degree level, country of study and course duration. Yes. Can I use agricultural land as a collateral to take an education loan for abroad studies? How does WeMakeScholars helps students to secure education loans for abroad studies? WeMakeScholars took its first step to solving this issue by listing all the "International Scholarships" after its founders won fully funded scholarships for their Masters in the UK. We can directly speak with your branch manager and introduce ourselves, if necessary. However, we recommend students to go for a collateral (if you have one) as the rate of interest is at least 2-3% lower to collateral based loans. This scheme offers interest subsidy to the students belonging to the minority communities (as mentioned in section 2 (C) of National Commission of Minorities Act, 1995. Or else, you can check your eligibility for a study abroad education loan by: State Bank of India (SBI) is the largest education loan provider in India. Exciting discounts on processing fees, EMI payment waivers etc., which otherwise are not available! WeMakeScholars is a BITS Pilani startup funded and supported by the Ministry of Electronics and Information Technology, Government of India under the Digital India campaign. It’s our pleasure to discuss with your parents too. How many days does it take for me to get an education loan via WeMakeScholars? Anything above this also can be sanctioned on case to case basis. Once I started my abroad education loan process with WMS, the loan got sanctioned within 11–12 days (at that moment I was done with search and valuation report) so there it saves me few days. State Bank of India (SBI), Bank of Baroda (BOB), Punjab National Bank (PnB), Canara bank, Prodigy Finance, Incred, Avanse, MPower, Stilt, HDFC Credila and more banks and financial partners. While the PNB Udaan scheme is to provide financial support as abroad education loan to meritorious students for pursuing the higher education abroad. When you apply to the bank/NBFC on your own, the rates can be slightly higher when compared to your application processed via WeMakeScholars. Nothing to panic in this situation. Volunteering abroad can be a great way to explore the world, experience new things, while also helping to change the lives of others. Incred finance is a relatively new NBFC offering abroad education loan for Indian students. But both the representatives from Incred and WeMakeScholars had put best of their effort to resolve the hassle of the process. Does bank accept such third-party collateral for education loan? By partnering with the top banks and NBFCs in India and worldwide, WeMakeScholars facilitates the study abroad education loan application process and makes sure that it runs smoothly and on-time. Summer Abroad: Internships, Discounts & Deadlines. We have banks which accept third party collateral too. The required documentation procedure is also explained and a proactive customer support is offered, until the student secures the loan, gets disbursement and even beyond that. So, your parents will also be concerned about it. Though a majority of these current partners offer loans only to Indian nationals, WeMakeScholars is adding on various loan providers from the US, UK, Malaysia to help its global community. The team is very updated with the current schemes offered by private and national banks and would be able to clear all your doubts. When I collected all the documents and visited the bank to submit an application, the bank was reluctant to take my application instead they were telling me to go to the regional office (Nagpur) and they will process my loan (Regional office was 150KM away from my place). Its under the RBI mandate. This online reference number system is not available when applied to the bank directly/ via offline application. But, the bank was eligible to give 20+ lacs loan under SBI global ed-vantage scheme. As everything is online you can track your loan process as well and moreover at the end you also get cashback of 10K which is very good. Incase someone demands you on our behalf, please report to us immediately. I was almost left with no time to transfer the funds to my university and kickstart my visa application. Having already been frustrated with nationalized banks for my study abroad education loan, I was finding one single quick solution to it. Let them take care of it.☺. Yes. I’m going for a diploma program. A co-applicant is mandatory for the Avanse study abroad education loan processing. Interested students can request a callback from the team. Their tagline is "Aspire Without Boundaries", helping study abroad aspirants to fulfill their dream. As we work with 14+ banks/NBFCs in India and abroad, we can help students with both collateral and non-collateral education loans. Though the bank was aware of it, they didn’t know the process. Step 6: WeMakeScholars checks the branch database of the respective bank and then assigns your application to the nearest and the fastest branch. In addition to the experience, you’ll learn in your field, going overseas is a great way to learn other valuable skills that come from stepping outside your comfort zone and home culture. 110 Love SouthLincoln, NE 68588-4107 Phone: 402-472-5358Fax: 402-472-5383educationabroad@unl.edu. Then how does WeMakeScholars promise a 14 day approval? Then how can I believe this is true? Refer now! WMS is a Not-just-for-Profit organization which aims to bring out the most reliable and transparent information about everything related to International education funding! What is the step-by-step process of sanctioning my education loan if I apply via WeMakeScholars? Some parts of this site work best with JavaScript enabled. Incred offers non-collateral education loan up to 40 lacs. We believe in offering quality service to our customers. Numerous factors such as the loan amount, and the things covered by it, like tuition fees, admission fees, travel, books, food and living expenses, interest rate, processing fee, margin and moratorium period need to be calculated before deciding upon the bank from which you will take the loan... Read More, With increasing number of Indian citizens planning on pursuing education overseas, the number of student loans being sanctioned is multiplying. Unlike, volunteering back home, international volunteers are usually required to fully immerse into a new culture and experience a different way of living. In theory, many people assume an internship shouldn’t cost anything -- but it is more complicated that. She helped me a lot to fasten the loan process and got my SBI education loan sanction letter quickly. We work end-to-end with public/private banks and NBFCs to facilitate the foreign education loan processing and approvals on time. While it can go upto a maximum of 2 working weeks (14 working days) for getting a sanction from a public bank. For ex: Flat A plus House B, both? Our motive is to offer unbiased abroad education loan support to students who are planning for studying abroad. Is there any fee for the services offered by WeMakeScholars? They literally made me run for my SBI education loan process. Internships are best suited for students interested in an independent experience abroad that requires greater self-motivation and is fully immersed among host nationals. Since the process was free I submitted my details on Website and next day I got a call from Ishita Ma’am (She is a loan coordinator for WMS). But, the usual cap is 1.5 Crores. We are associated with 14+ banks (public/pvt) in India and help you get the best abroad education loan matching your profile. Its current partners include Our team will also help you in scheduling an earliest appointment with the respective branch manager. As such there is no limit on the loan amount. We understand this is one of the most important decisions in your life. Unfortunately, due to high competition, there is a significant number of students who couldn’t win scholarships. Fund for Education Abroad The Fund for Education Abroad (FEA) is committed to diversifying education abroad and will award scholarships each in amounts of up to $1,500 for Summer programs, $5,000 for… My education loan of 26 lakhs was sanctioned in SBI bank (Chandrapur) with ROI 9.7% (If I pay interest right after disbursement then SBI will give me 1% rebate so it will be an even lower interest rate of 8.7% after moratorium period). WMS is there to help students who are facing problems and fasten the study abroad education loan process.