Education Loan for MBA In France Through GoStudy

GoStudy is one of the pioneer educational loan providers in India. Boost career with GoStudy partnered Education loan for MBA in France.

GoStudy has partnered with leading Indian banks for a seamless education loan process. With an education loan for MBA in France through GoStudy, you can give your dreams spread wings and let your career reach the summit. GoStudy education loans through banks and NBFCs can cover 100% of your expenses andr have better interest rates. Education will never be hampered when schemes such as education loans for MBA in France through GoStudy are exclusively crafted to fit your needs.


9

Factors That Get You education loans for MBA in France through GoStudy

1

Contented Borrowing Limit

GoStudy offers a higher amount up to 75 Lakhs on education loan for MBA in France for Indian students.

2

Lightning Fast Processing Time

GoStudy offers a blazing loan processing time within 5 to 7 days.

3

Satisfactory Rate Of Interest

GoStudy offers a promising rate of interest, making the best education loan for MBA in France for Indian students.

4

10-Year Loan Repayment Tenure

NBFCs give tenure of around 10 years on education loans for MBA in France through GoStudy.

5

Modest Processing Fees

The processing fee with GoStudy is like a little investment toward your shining future, which is around 1.5%-2%.

6

Instant Checks

The eligibility check criteria are super fast. If you and your co-applicant have just KYC, your loan is approved.

7

Easy Funding

GoStudy needs no credit history, without collateral, fast and reliable education loan for MBA in France.

8

Loans Based On Future Earnings

You can now fund your own education, assuring your family will not be burdened in the future.

9

High Limits Low Rates

With GoStudy, education loan for MBA in France for Indian students have high limits of up to a crore and low-interest rates.


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Education loans for MBA in France through GoStudy

To pursue higher education, France is suitable enough for Indian students. Don't forget that France is a major overseas education destination. Some top-ranked universities like HEC Paris and INSEAD are located in France, where students dream of studying. The best education loan for MBA in France through GoStudy makes this possible. The good thing is that France is less expensive as compared to other education destinations for students. For Indian students, loans are the major funding source for their studies abroad. Considering this in India, you will find many to help you with this. Students who wish to study in France with an education loan can take help from GoStudy. We help you throughout the loan process if you are ready to apply for funding. The education loan in India for MBA in France through GoStudy is only funded for quality universities and important programs like MBA.

Education Loan MBA in France
Education Loan MBA in France

Interest Rate For Education Loan To Study in France through GoStudy

The rate of interest varies according to the bank. Today it is very easy to compare the rate of interest, but when you shake hands with GoStudy, you don't have to go through this research. We offer you the best rate of interest that suits your needs well. There are many factors that affect the education loan for MBA in France through GoStudy rates of interest. The formula used is EMI amount = [P x R x (1+R) ^N]/ [(1+R) ^N-1]

The principal amount, R=Rate of Interest, N= Repayment years which are calculated in months The majority of the banks in India have an 11% -14% rate of interest on education loan in India for MBA in France through GoStudy. Here you can check banks and their rate of interest below to compare and plan your education loan for France.

Type of Education Loan

Education Loan Rate of Interest As Per Market

Education Loan Rate of Interest Through GoStudy

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

GoStudy offers you a list of all major banks in India offering loans. The problem is there is no set amount on the rate of interest. Depending upon the needs of students and the co-applicants, the income rate of interest is selected with discretion. The best education loan for MBA in France through GoStudy is also going to have the best rate of interest. A few factors are considered, like which university in France, which MBA program you choose, future income, collateral, etc are a few factors on which the rate of interest depends. In 2022 Indian students don't have to waste energy thinking about finances. There are plenty of options; you just have to make a wise decision to plan your overseas education. Your choices are the ones that will influence the rate of interest and nothing else.

What Are The Costs That Are Covered In An Education Loan In France through GoStudy?

France is a cost-effective option for Indian students because a majority of them belong to middle-class families. In France, the tuition fee is comparatively very low compared to other European countries. This means that you get a much better education loan for MBA in France through GoStudy that will save you more amounts on your loan. Living expenses and accommodation in France are high. The good news is that all the expenses of your education and others are included in the loan. Today's education loans are student-friendly. When you apply for the loan, you will mention the country and university according to which your loan is designed and approved. Usually, loans cover:

  • Tuition Fees
  • Accommodation Charges
  • Library and Laboratory Fees
  • Caution and Other Deposits
  • Others like Book Supplies, Recreational Expenses, and Miscellaneous Expenses

An education loan for MBA in France for Indian students through GoStudy covers every bit of the life you are going to spend as a student whilst studying in France. The loans cover all your needs and also give relief to parents here in India. A GoStudy education loan covers A-Z of your overseas education no matter which country or program you choose.

Following are the lists of the Costs Covered by Education Loan for MBA in France 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)

Unsecured Education Loans to Study in France through GoStudy

In India, there are two types of education loans in India for an MBA in France, which are secured and unsecured loans. It is very easy to understand them, and both of them are equally popular in India.

Secured loans or collateral-based loans - if you apply for a secured loan, then you will have to provide collateral to the lenders. They are going to keep your property documents with them as collateral against your education loan in India for MBA in France. It is good to go with secured loans because they have many benefits. There are beneficial schemes associated with collateral-based loans. Some of the benefits are flexible policies, low rates of interest, a moratorium on payment free, etc. Moreover, there are no set limits for education loans to study in France. The amount can go as high as 1.5cr. A secured loan is also an affordable and safe option when you are borrowing such a high amount.

Unsecured or collateral-free loan - if you are applying for an unsecured education loan for MBA in France for Indian students through GoStudy, there is no need to pledge any collateral. NBFCs are the ones who offer this type of education loan. This type of loan is adopted by students who don't have any assets to pledge as security. The procedure to apply for an unsecured loan is simple. Students and their co-applicants have to fulfill the lender's requirements to get approval. These requirements are easy to fulfill. The good news is that the eligibility criteria set are a little bit stringent but not impossible.

  • Unconditional/Firm/Confirmed Offer Letter
  • Co-Applicant’s Income Proof
  • PAN Card
  • Academic Documents
  • Other Relevant Academic Scores - GRE/GMAT
  • IELTS/TOEFL/PTE/English Language Scorecard
  • Valid Passport

Collateral for Education Loan for MBA in France Through GoStudy

The list of accepted documents for the education loan for MBA in France is mentioned below:

  • Property Title Deed and Registered Sale Agreement
  • Original Registration Receipt for the above-mentioned agreement
  • Allotment Letter by Municipal Corporation/ Any Authorized Government body like MHADA, CIDCO, HUDA, JDA, GIDC ETC (if applicable)
  • Encumbrance Certificate (EC) to be submitted for the previous 30 years. This collateral document is generally known as Link Document.
  • Valid Copy of the municipality-approved building plan or plot layout.
  • Latest property tax bill or Latest electricity bill bearing the same address

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University-Wise Pre-Approved Amount For Education Loan To Study In France through GoStudy

In 2022 France swank multiple applicants in the QS World University Rankings, among which nine have the name in the list of the world's top 300. Being a student is the most difficult part. When it comes to the selection of a university, students can find them in a dilemma. Education loan for MBA in France through GoStudy might make it easy as you will get the list of top French universities with GoStudy. Make this decision carefully as there are tempting options available to us. All the top universities have MBA programs and advanced courses. Here is the list of Top Universities in France where education loan for MBA in France for Indian students through GoStudy will be granted.

List of Universities accepted by Unsecured Education Loan through GoStudy

GoStudy’s Unsecured Pre Approved Education Loan Amount

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

Co-applicant for the France Education Loan through GoStudy

If you are applying for an unsecured loan, then a co-applicant is required who is going to be responsible for the loan on the student's behalf. A co-applicant with valid income proof is sufficient to avail of the best education loan for MBA in France through GoStudy. The co-applicant is usually parents or a blood relative or spouse. A co-applicant can help students avail of loans up to twenty lakh for certain courses with income proof of 30,000/month.

  • The co-applicant must have valid income proof
  • Co-applicant must have sufficient balance in their account
  • Co-applicant must have 6 months' bank statement
  • Co-applicant's PAN, Aadhar, and passport
  • Notary agreement must be provided by the co-applicant
  • Co-applicant is a must to avail education loan in India for MBA in France through GoStudy

Eligibility Criteria for Education Loan for France through GoStudy

This is the easiest part of acquiring a loan for Indian students. Eligibility criteria may vary a little depending on the lender. To get your education loan for MBA in France through GoStudy you need to fulfill the below-mentioned requirements:

  • You must be above 18 years
  • You must be a citizen of India
  • Have education from high school/ recognized university/ affiliated with AICTE, UGC
  • You must show a letter of acceptance from the France University

If you fit all the above-mentioned criteria, you are eligible to apply for an education loan in India for MBA in France through GoStudy.


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Documents Required For Education Loan To Study In France through GoStudy

Your documents are the most important part which will decide whether your application is approved or not. Double-check the requirements before you hand over the documents to lenders. The goStudy team is going to follow up with you in this section. These documents must be prepared before you apply for an education loan. Here is the list of documents you will need to apply for an education loan for MBA in France for Indian students through GoStudy

  • Student loan education form
  • Acceptance letter from the college
  • Pan card/Aadhar card/Voter Card/Passport
  • Academic transcripts and mark sheets
  • Birth certificate of the student
  • Co-applicant's income proof
  • Passport-size photograph
  • Collateral documents
  • Standardized test score
  • KYC of both students and co-applicants

These are the documents GoStudy is going to ask you to get your best education loan for MBA in France through GoStudy prepared for you on time. To avoid delays, make sure you have them handy.

Process & Procedures For Education Loan for France through GoStudy

The process and procedure to apply for an education loan for MBA in France through GoStudy are very simple nowadays. GoStudy professional team and financial lenders partners are the professionals in the business. It hardly takes 10-15 days to complete the entire process of processing loans. Moreover, an expert is always there to clear your doubts. It is advised to international students to apply at least 1-2 months before their class commencement takes place. The more time, the better arrangements can be made.

Here is the process of education loan for MBA in France for Indian students through GoStudy explained below:

  • Get an acceptance letter from your desired university in France
  • We will help you calculate the overall cost of studying MBA in France
  • Do thorough research and clear all your doubts
  • Fill out the student loan application online
  • Submit all the required documents
  • If required, provide the documents of collateral
  • Sign the Document
  • Get your Loan Approved

A representative from the bank is going to visit your home to collect all the documents. The loan application process is conducted online. On the student's part, there is hardly any effort required until they have all the documents ready. The entire process of finding the best education loan for MBA in France through GoStudy takes a maximum of fifteen days to complete. With GoStudy, loan approval is fast. Once every formality is fulfilled, you are going to provide a loan document. This document will have all the details, like the agreed amount, interest rate, moratorium period, and other associated elements with your loan. The agreed loan amount is transferred directly to the university, and other expenses amount is transferred to the student's account. There is not even a single-day delay in processing the amount once the loan process is complete.

Sanction & Disbursement of Education Loan for France through GoStudy

When you apply for an education loan in India for MBA in France through GoStudy, you will be able to get a Loan sanction letter before your admission gets confirmation. This letter will make sure that the loan for your overseas education is confirmed and that the amount asked is granted. There are terms and conditions mentioned in the sanction letter, like rate of interest, repayment period, etc. There is a processing fee required to get the sanction letter. This sanction letter is sufficient proof for your university as well that you are capable of funding your education in a foreign country. Once you get the sanction letter the next step is the disbursement. It is a process where students ask the lenders to transfer the requested amount to their mentioned bank accounts. It depends upon the student if they want the amount in parts or in full at once. After the disbursement of the amount specified takes place, the interest and repayment of the education loan for MBA in France for Indian students through GoStudy begins. If a student decides not to avail of disbursement, then the loan is not transferred. Students still have to pay the loan processing fee.

Moratorium Period For Education Loan for France through GoStudy

What makes the best education loan for MBA in France through GoStudy? Longer periods to pay back your loan. The moratorium period for education loans is about 6 months to a year which makes education loan burden free. These factors also entice talented young minds to fulfill their dreams by taking aid of education loans. GoStudy is a partner with NBFCs with a moratorium period of up to one year. This is the period when students don't have to pay the loan. This time can be utilized by students to find the best jobs for them without worrying about paying back the loan. GoStudy partners offer flexible moratorium periods making education loan for MBA in France for Indian students through GoStudy and Indian parents convenient. All the details about the moratorium period are available in the documents provided by your bank, such as loan documents, sanction letters, etc. students can also research on their own about the moratorium period to ease their dilemma of applying for overseas education loans. Students don't have to worry about education loan in India for MBA in France through GoStudy repayments as they are plenty.

Repayment of Education Loans for MBA in France Through GoStudy

Complying with education loan for MBA in France through GoStudy repayment terms, candidates can choose between 12 months to a longer period of 180 months or 15 years tenure. You can go with your preferred repayment option in accordance with your convenience to ensure you never fall behind when it comes to repaying. However, owing to the reason that it is an unsecured loan, in some instances of weak credit profile, the bank may offer the best repayment option for you. Some repayment options for education loan for MBA in France through GoStudy are:

  • Partial Simple Interest
  • Simple Interest
  • EMI
  • A full Moratorium period is offered by SBI

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

Education in India is highly valued, and this is why we have Section 80E, which says to save tax on your education loan for MBA in France through GoStudy. If you are taking an education loan through GoStudy, you will be able to receive tax benefits. Once you know what the requirements are, you can immediately apply for the tax benefits and enjoy saving money while studying at your favorite university abroad. Just keep in mind that tax benefits are only applicable on the principal part of the loan. Borrowers will have to pay the full amount of interest rate on their education loan for MBA in France for Indian students through GoStudy. A deduction is available on the principal amount, but the limit is not set. There are a few factors on which tax benefits to the borrower co-applicant depend.

Indian students now have lots of opportunities when it comes to funding their education. The majority of the top listed banks of India provide education loan for MBA in France through GoStudy and others. With the right study partners, these banks are easily approachable. GoStudy helps you achieve your dreams of acquiring a degree from the top universities in France. Students' life is all about learning, and there should not be any sort of boundaries. If you have the will and passion to fulfill your dreams, then we will make sure that nothing comes your way.


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