Martiza Overseas Education
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Email

hello@martizaoverseas.com

Phone

+91-99532-50525

Overseas Education Loan

Financing your International Education Dreams...

We collaborate with prominent nationalized banks, private banks, non-banking financial companies (NBFCs), and international lenders, supported by a team of loan specialists dedicated to realizing the global educational aspirations of numerous students like yourself. Our Overseas education Loan specialists will recommend the most suitable financial institution according to your eligibility and preferences, provide assistance with documentation and the submission of your loan application, and address any inquiries you may have regarding loans. Experience expedited approval for your education loan as we efficiently guide you through each step to secure the funding that meets your requirements.

Hassle Free Documentation

Pre-visa Disbursal of Loans

Study Loans through 20+ Leading Financial Institutions

Secured and Unsecured Loans

Quick Sanction of loans

Hassle Free Loan Process

Check eligibility with our loan specialists

Find the right bank to support your education

Apply to 2-3 banks for better ROI

Submit documents & we’ll take care of the rest

How We Assist You in Securing an Education Loan for Studying Abroad.

We are here to help you realize your Dreams

Minimum Interest Rates

Minimum Interest Rates

We explore, compare and negotiate loan options from NBFCs to public and private banks to make sure you get the best interest rate.

Timely Approvals for Your Peace of Mind

Timely Approvals for Your Peace of Mind

Our loan specialists are committed to securing your education loan approval well ahead of time, so you can focus on your studies without any worries.

Easy Documentation

Easy Documentation

Our team of specialists manages the complete documentation and application process, ensuring you stay informed every step of the way.

Pre-approved Loan Offers

Pre-approved Loan Offers

You can secure pre-approvals for your education loan for studying abroad, tailored to your standardized test scores (for the US), with our assistance.

Collateral Free Loan

Collateral Free Loan

We collaborate with NBFCs and private and Public sector banks, that handle all your financial needs! Whether you require collateral or prefer a non-collateral option, your dream of studying abroad is within reach!

Hassle-Free Handling

Hassle-Free Handling

Our specialists will link you directly with the banks and support you every step of the way.

Ancillary Services

Foreign Exchange

Global Forex Card

International Sim Card

What are expenses covered Under Education Loan ?

Your education loan has the flexibility to cover either the entire cost or a portion of it, allowing you to select the option that aligns perfectly with your financial situation. The amount you can borrow is influenced by various factors, including your academic performance, the credit history of your parent or co-applicant, and the institution you plan to attend. Generally, here are the types of expenses that an education loan for studying abroad can help you manage: –

Tuition Fees –

Accommodation fee,

Daily Living Expenses

Health Insurance

Fees for examinations and Libraries, and laboratories, if applicable 

Expenses for books, uniforms, and necessary equipment 

Travel costs, including airfare.

Can overseas education loan applicants avail Income Tax Benefits?
Certainly! Under Section 80E of the Income Tax Act in India, individuals can benefit from tax deductions on their education loan interest for a maximum of 7 consecutive years or until the loan interest is fully repaid.
This provision applies to all scheduled banks and recognized financial institutions in India, allowing applicants to claim deductions for loans taken for themselves, their spouse, children, or any student for whom they are the legal guardian.
When should you start Overseas education Loan process

To ensure a smooth college application experience, it’s crucial to begin your search for the ideal education loan well in advance. Reach out to the loan providers you are considering to understand their eligibility criteria and the specifics of their loan offerings. By the time you embark on your college application journey, you should have already chosen a financial institution and discussed the terms with them. Remember, your loan cannot be disbursed until you receive a Confirmation of Enrollment (CoE) letter from your university, so be prepared to handle all other components of your loan application in the meantime.

What is Collateral ?

The asset you offer as security for your loan is known as collateral. This could be anything from a house or a shop to a fixed deposit. Typically, government banks do not require collateral for loans up to 7.5 lakhs, while private banks extend this limit to 60 lakhs. However, for amounts exceeding these thresholds, each financial institution has its own specific requirements regarding collateral.

What are the documents required for an education loan for abroad studies?
Each financial institution establishes its unique criteria for approving education loans. While there are common requirements that the majority of banks and non-banking financial companies (NBFCs) typically request, these include:
  • Academic documents of the student
  • Income proof of co-applicant
  • Proof of residence
  • KYC documents (Passport, PAN card, etc.)
  • Parent/Co-applicant’s income proof
  • Passport size photograph
  • Scores of entrance tests
  • Proof of admission/confirmation of enrollment
  • Collateral documents (if applicable)

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