Educational Loans
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Educational Loans

Meridian Consultancy is committed to help you plan and pay for International institutions. We offer students an entire spectrum of services that go a long way towards smoothening their passage to studying abroad. Our experience and in-depth knowledge of this field have enabled us to fine tune services to meet the needs of students more effectively.

An education loan is a form of financial support from any bank or financial institution that enables a student for taking higher education. Availability of the education loan at the appropriate time helps millions of deserving bright young Indians to achieve their dreams come true.

Before giving the loan, banks study the viability of the borrower based on personal discussions with the student, family's assets and annual income, the nature of the course and reputation of the institute. In most banks for loans up to Rs. 4 lakhs no collateral or margin is required provided the parents are government employees. For loans above Rs. 4 lakhs, most of the banks require a security and or third party guarantee. Security to the loan depends on the amount. Security is some form of investment (i.e. bank deposits, house property etc) that are surrendered to the bank while taking the loan. The repayment usually starts after you have finished the course or started working. The repayment cannot be delayed for years after the completion of course. The loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies.

Eligible Courses

All courses having employment prospects are eligible.
  • Graduation courses/ Post graduation courses/ Professional courses
Expenses considered for loan
  • Fees payable to college / school / hostel
  • Examination / Library / Laboratory fees
  • Purchase of Books / Equipment /Instruments/Uniforms
  • Caution Deposit / Building Fund / Refundable Deposit
  • Travel Expenses / Passage money
  • Purchase of computers considered necessary for completion of course
Amount of Loan
  • For Studies abroad, maximum Rs. 20 lakhs.
 
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Universities & Colleges
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University of Greenwich

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University of East London

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Middlesex University

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Caledonian University
 
 
 
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