Education Loan for France Without Collateral through GoStudy

Explore the vast employment opportunities and fund your career with an education loan for France without Collateral through GoStudy.

If you are seeking France's most impressive unsecured education loan, look no further than GoStudy. We offer the best schemes for education loans for France without collateral through GoStudy owing to our strategic financial partners. Our offices in Hyderabad, Chennai, Pune, Trivandrum, Mumbai, Delhi, Cochin, and Bangalore assist with your requirements regarding non collateral education loans for France through GoStudy through personalized approach.


9

Factors That Get You A France Education Loan Without Collateral through GoStudy

1

Sound Academic Profile

If you have a sound academic profile with higher scores and proven credentials, getting an unsecured education loan for France through GoStudy becomes a matter of time.

2

University Selection

Your university choice is important in fetching you an education loan in France without collateral through GoStudy!

3

Programs that have Prospects

GoStudy ensures to cover 90% of the best future prospect programs that will land you fantastic employment chances.

4

Immense Career Development in France

France ranks now as one of the best places to study postgraduate programs owing to the immense opportunities booming in the country.

5

Loan Without Income

You can be eligible for a Non Collateral Education Loan for France through GoStudy simply based on your KYC.

6

Easy Sanction & Disbursement

The legalities and hectic process associated with collateral loans can be avoided when you opt for an education loan for France without collateral through GoStudy.

7

Premium Category Loans

GoStudy ensures you get the best education loan without collateral for France based on your future prospects, not just your financial profile.

8

Priority Processing of Loans

Our offices have dedicated experts who work in sync with the credit managers for faster processing of 1000s of loans.

9

Lowest Interest Rates

GoStudy offers the best and the cheapest interest rates in the market in collaboration with our financial partners, which is generally 0.5% to 1% lesser.


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Unsecured Education Loan for France through GoStudy

Education loans are always an integral part for talented aspirants looking forward to studying in different universities of their choice across the globe. This is due to the massive expenses related to the study. Getting an education loan is one of the wisest decisions one can take to cover the expenses and fund your career aspirations. With its ocean of opportunities, France has become a hot destination for students to pursue their careers.

While students opt for education loans, the fact is most financial institutions will offer you a collateral loan. Collateral loans are hectic and require assets or immovable property to pledge against the sanctioned loan. However, at GoStudy, you can easily fetch unsecured education loans for France through GoStudy without pledging any collateral. Unsecured loans cover most of the expenses ranging from the student’s Tuition Fee, Accommodation Costs, Travel, Food, Shopping, etc whilst staying in France. Select from the comprehensive plans for Education Loan for France Without Collateral through GoStudy to cater to your educational and other fund requirements.

Now, the catch is that the aforementioned expenses are not just what you have to bear while pursuing your study in France. Your select scheme for education loan for France without collateral through GoStudy may also be eligible for covering other expenses that entail buying electronic gadgets and books prior to traveling & other costs for making it to France.

Education Loan for France Without Collateral
Education Loan for France Without Collateral

Interest Rate For Education Loan To Study in France Without Collateral through GoStudy

Whenever you are availing of any kind of loan, the financial lender places an interest rate for the repayment of the sanctioned loan amount. When financial institutions sanction the final loan amount as an Education Loan for France without Collateral through GoStudy, these interest rates are levied on the basis of a mathematical formula from Simple Interest. The final determination of the interest rate is calculated after deciding on the applicant's credit score, academic details, co-applicant’s income and the tenure of the loan repayment. Secured loans always come with lesser interest rates as compared to the rates for unsecured loans. Nevertheless, at GoStudy our primary motive is to fetch you the best and the lowest interest rates so that your dream of an abroad career is successful. All our experts are always ready to answer your queries regarding Education Loan for France Without Security through GoStudy and treat them with a personalized, custom approach.

Non Collateral Education Loan for France through GoStudy comes with flexible interest rates and may occasionally change over time depending on the course's profiling and outstanding credit. A Simple Interest formula is improvised for calculating the loan amount monthly.

Below is the interest rates they are offered for education loan in France without Collateral through GoStudy:

Type of Education Loan

Education Loan Rate of Interest As Per Market for France

Education Loan Rate of Interest Through GoStudy for France

Secured Education Loan (USA) 9.5% 9.25%
Unsecured Education Loan (USA) 10.25% 10.00%
Secured Education Loan (Others) 9.5% 9.25%
Unsecured Education Loan (Others) 11.75% 11.50%

Adding to that, the following mathematical formula is used to calculate the EMI based on the interest rate for Education Loan for France without Collateral through GoStudy:

EMI = [Principal Amount x Rate of Interest x (1 + Rate of Interest) Tenure*] / [(1 + Rate of Interest ) Tenure* - 1]

*Please note that the tenure is calculated in months.

What are the costs that are covered in an education loan without collateral in France through GoStudy?

Our Unsecured Education Loan for France through GoStudy covers all the potential expenses you may face while studying your postgraduate course in France, which involves not only education fees but other costs as well. The list of expenditures you are covered with our tuition fee, accommodation, food, travel & relevant expenses. Our partner financial lending institutions ensure to take the utmost care of all your financial needs in a disciplined way. Below is the list of the cost covered in an Education Loan Without Collateral for France through GoStudy:

  • Tuition Fee
  • Living Expenses
  • Books
  • Laptops
  • Travel Tickets
  • Health Insurance
  • Other Electronic Gadgets
  • Any Application Expenses
  • Competitive Exam Fee
  • Visa Application Fee

Following are the lists of the Costs Covered by Education Loan for France without Collateral through GoStudy:

Things covered under Education Loan through GoStudy

Costs Covered by Education Loan through GoStudy

Tuition Fees 0 - 65 Lakhs (Approx)
Living Cost 6 Lakhs - 15 Lakhs (Approx)
Travel Expenses 20,000 - 40,000 Rupees (Approx)
Others (Books/Uniforms/Computers) 80,000 - 1,50,000 Rupees (Approx)

Education Loan for France Without Collateral Through GoStudy

With an Education Loan Without security for France through GoStudy, a student may procure up to 50 lakhs of the loan amount to study in top-tier French universities. However, it is completely dependent on the course attended, the university ranking, tenure of study, and the future job prospects upon completion of the course. Non Collateral Education Loan for France through GoStudy may come with distinct qualifying parameters based on the academic and financial profile of the candidate. GoStudy consultants make sure that the entire process is done in a transparent, hassle-free and professional way caring for your convenience. Below is a list of the financial institutions that provide education loan in France without collateral through GoStudy:

  • IDFC First Bank
  • ICICI Bank
  • Axis Bank
  • HDFC Credila
  • Avanse
  • Auxilo
  • Incred

Collateral For Education Loan In France through GoStudy

Who says that you need the help of a collateral loan and its related hectic process when we can offer the best non collateral education loans for France through GoStudy? However, if going with a collateral loan is what you think would be good for you, you may have a look at the below-mentioned information that entails everything about collateral loans. Let us check out below!

What is collateral? Any form of immovable asset, which may be a property, fixed deposit, or other insurance policies that you pledge against the loan amount to the financial lending institution, is known as collateral. Depending on the requirements, the form of collateral may vary, and these kinds of loans that require a pledge against the loan value are known as secured loans. If your financial profile is not up to the par and does not qualify for an Education Loan for France without Collateral through GoStudy, you may need to go with secured loans. If you do not meet the requirements for an unsecured education loan to Study in France without collateral through GoStudy, check out the list of documents that are accepted as collateral by lenders:

  • House/Flat/Apartment - A personal residential property that has no dues/any standing loan on it
  • Any other legal residential property with no dues or repayments
  • Fixed Deposit by a registered NBFC or a nationalized bank, with a letter of affirmation from the end of the manager of the institution assigning it in favor of an education loan in France without collateral.
  • Surrender Value Certifications of Life Insurance that are equal to the amount that is required for sanction
  • A non-agricultural land within legal parameters

The best way to secure the chances of 100% approval of an Unsecured Education Loan for France through GoStudy is to procure an affirming letter from any top French university through merit. The course being attended by the student and the prospect of employability right after the completion of the course plays a crucial role in fetching an education loan for France without collateral through GoStudy as well. Although through Unsecured Education Loan for France through GoStudy, meritorious students can fetch up to 50 lakhs of education loans, it vastly depends on multiple factors and may vary for individual student profiles. The final sanction and disbursement of the Non-Collateral Education Loan for France through GoStudy is also decided on the creditworthiness of the applicant. With a sound credit score, history and positive financial background, you can secure higher loan values when it comes to an Education Loan Without Collateral for France through GoStudy.

Below is the list of documents that are required to process a Non Collateral Education Loan for France through GoStudy:

  • Unconditional/Firm/Confirmed Offer Letter
  • A co-applicants whose Income Proof is also not required in many cases
  • PAN Card
  • Academic Documents
  • IELTS/TOEFL/PTE/English Language Scorecard, if any
  • Valid Passport

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University-wise pre-approved amount for unsecured education loan to study in France through GoStudy

Owing to the massive demand for education loans, most financial lending institutions and banks offer unsecured education loans for France through GoStudy. France is a heaven to all students since more than the top 25% of universities are in France to offer you unparalleled prospects. You will not fall short of lenders offering Education Loan To Study in France Without Collateral through GoStudy due to the rising numbers of students counting in lakhs opting to study in France. Below is the list of universities that have been pre-approved by the banks for an unsecured education loan to study in France through GoStudy

France Universities

Pre-approved unsecured education loan amount to study in France through GoStudy

ESSEC Business School 35 Lakhs (Approx)
HEC Paris 35 Lakhs (Approx)
INSEAD 35 Lakhs (Approx)
ESCP Business School 30 Lakhs (Approx)

Co-applicant for France Education Loan Without Collateral through GoStudy

To stay on the safer side and secure a 100% approval rate for an unsecured education loan for France through GoStudy, keeping a co-applicant as security is of prime essence. Most financial lenders will ask for a co-applicant when it comes to collateral-free education loans, irrespective of how much surplus wealth, assets, and good credit profile you have. When a student goes to study, they are not able to earn; hence, keeping a co-applicant is important as a form of security for the sanctioned loan amount. The creditworthiness of the co-applicant is completely dependent on the age, income structure, relationship with the applicant, and credit score of the co-applicant.

Financial lenders keep the co-applicant as a form of security that if the applicant under any circumstances cannot repay the loan, the co-applicant taking responsibility can step forward to repay it.

Below is the list of co-applicants for Non Collateral Education Loan for France through GoStudy that are accepted:

  • Parents
  • Parents-in-law
  • Spouse
  • Siblings
  • Maternal Uncles & Aunts
  • Paternal Uncles & Aunts

Eligibility Criteria For Education Loan for France Without Security through GoStudy

One can easily understand the eligibility criteria for Non Collateral Education Loan for France through GoStudy due to the simple structure. If you want to successfully complete the criteria for an unsecured education loan for France through GoStudy, you need to procure an unconditional offer letter for admission from any top university in France. This implies that the student has been able to complete all formalities of admission and that he or she is eligible for admission. This also confirms that the admission cannot be revoked at any point in time. There may be a few other eligibility criteria for education loan without collateral for France through GoStudy, depending on the profile of the candidate, which are as follows:

  • A citizen of India who is at least 18 years old.
  • Has a valid co-applicant or a co-borrower, working in India or anywhere in the world, or self-employed in India. The person should be either Parent, Parent-in-law, Spouse, Siblings, Maternal & Paternal Uncles & Aunts.
  • The minimum CIBIL score for an education loan without collateral for France must be met

TOO MANY QUESTIONS?


Documents required for Education Loan for France Without Collateral through GoStudy

Although the documentation process for a France Education Loan Without Collateral through GoStudy may vary depending on individual profiles, the primary criteria remains similar for all. At GoStudy, our experts make sure it is a cakewalk where we help you understand what is needed. The list of documents that are required for an Education Loan Without Collateral for France through GoStudy are as follows:

  • Student’s KYC
  • Student’s Educational Documents
  • University Course Details & Fee Structure
  • Unconditional/Firm/Confirmed Offer Letter
  • Co-Applicant’s KYC
  • Co-Applicant’s Proof of Income
  • Income Tax Returns of Student - 3 Years (If Applicable)
  • Income Tax Returns of Co-Applicant - 3 Years
  • Proof of Birth Documents
  • Proof of Relationship with Co-Applicant
  • Bank Statement for Months of Co-Applicant

Depending on the provider's sole discretion and other eligibility criteria, some more documents may be required for the Non Collateral Education Loan for France through GoStudy.

Process & Procedures For Unsecured Education Loan for France through GoStudy

The popularity of education loans in France has reached such an extent that the demand for Education Loan To Study in France without collateral through GoStudy is on an impeccable rise. The rising demands have made several banking institutions and NBFCs offer interesting schemes for Education Loan for France Without Collateral through GoStudy. It comes with a very simple process which entails the student informing the about the amount of Unsecured Education Loan for France through GoStudy to the banking institution along with other details such as applicant details, co-applicant details, guarantor, if any, university details, course details, and many other relevant details. You must also provide the complete identity of the co-applicant.

After the preliminary checks are done and the verification is over, a formal disbursal letter is sent to the applicant. The processing time is usually 5-7 days for an Education Loan To Study in France Without Collateral through GoStudy. Upon detailed reviewing and signing of the education loan agreement, the loan amount will be disbursed at the earliest through a DD, Cheque, or an Electronic Transfer.

Sanction & Disbursement of Education Loan Without Collateral for France through GoStudy

A formal sanction letter is sent to the applicant at this stage with details such as the course name, name of the university, the quantum of education loan that is sanctioned, applicant’s name, co-applicant’s name, guarantor’s name (if applicable), rate of interest, tenure of repayment, moratorium period/holiday period and others to name a few. It will also constitute all the terms and conditions pertaining to it. It has to be a complete sanction letter rather than in-principle letter because a sanction letter tells the student has completed all the processes successfully. The loan approval is only trusted when the sanction letter is sent formally.

Upon successful sanction of Education Loan for France Without Collateral through GoStudy, the funds will be ready to be disbursed either to the university for the payment of the tuition fee or the concerned bank account of the recipient, who can either be the applicant or the co-applicant, purely based on what was mutually agreed upon by both the parties. The disbursement that is made is in Indian National Rupee (INR), which can be either in parts or a full disbursement based on the needs and the protocols of both the borrower & the lender.

Moratorium Period For Education Loan Without Collateral for France through GoStudy

The moratorium period is the interim time when the student does not need to pay any EMI since the student is on education perusal. Most banking institutions and NBFCs are offering a moratorium period on unsecured education loans for France through GoStudy. Alternatively, the student or the co-applicant can also pay a small interest of less than 2000 INR, until course completion and employment. So, always check for the moratorium details carefully before proceeding for the education loan.

Repayment of Education Loan for France Without Collateral Through GoStudy

You can also go for various repayment options for education loan for France without collateral through GoStudy, depending on your convenience, which ranges from 12 months to 180 months on average. You can completely choose the repayment tenure depending on your convenience and employment. If you are financially weak and do not have a good credit score, then the lender will decide for you.

The different types of repayment options for Non Collateral Education Loan for France through GoStudy:

  • Partial Simple Interest
  • Simple Interest
  • EMI
  • Full Moratorium period is not offered by Avanse

Tax Benefit For Unsecured Education Loan for France through GoStudy under Section 80E of IT Act

According to Section 80E of the IT Act, you can claim a deduction on the overall EMI to be paid on Education Loan for France Without Security through GoStudy for the financial year. You, your spouse, your children, or your legal guardian who has partaken responsibility in your France Education Loan Without Collateral through GoStudy can claim these benefits. The deduction is applicable to all the courses for which the education loan is granted for your education abroad. The rule does not state how much tax benefit can be claimed, but it is advised to ensure the loan repayment is made within eight years of interest repayment. If you ensure the repayment is within this tenure, you are eligible to claim all the benefits under this section.


DOWNLOAD Simple & detailed comparison sheet of all Education Loan offered by all government & private banks and NBFC’s to study abroad.

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