In today\'s globalized world, pursuing higher education abroad is a dream for many students. However, the financial stress can frequently serve as a significant hurdle. With its specialised education loan solutions, IDFC FIRST Bank is here to dismantle those roadblocks. IDFC FIRST Bank Education Loans are made to support you in achieving your academic goals without straining your finances, whether your goal is to enrol in a top university in the United States, the United Kingdom, Australia, or any other nation.
Let\'s explore how these loans can support your international education journey.
Hassle-free Application Process
IDFC FIRST Bank has simplified the application process for education loans, making it more efficient and stress-free. The bank\'s dedicated team guides applicants through every step, from initial application to final disbursement of funds. The bank has streamlined its education loan application process to be straightforward and hassle-free. With minimal documentation and a user-friendly online application portal, getting your education loan approved is quicker and simpler than ever.
Comprehensive Coverage
IDFC education loan covers a wide range of expenses, including:
- Tuition fees
- Accommodation and living expenses
- Travel costs
- Books and study materials
- Other related expenses
This comprehensive coverage ensures that all aspects of your education abroad are financially supported, allowing you to focus solely on your studies and experiences.
Collateral-free Loans for 25+ Countries
IDFC FIRST Bank provides collateral-free education loans to more than 3,200 universities in 25 countries. Whether you\'re pursuing an undergraduate, postgraduate, or professional degree, our loans cover a wide range of courses to suit your educational goals.
Tax Benefits
IDFC FIRST Bank\'s education loans offer favourable tax benefits. Under Section 80E of the Income Tax Act of 1961, the interest paid on your loan is completely deductible for a maximum of eight years. This can help you save significantly on your tax obligations.
Expert Financial Guidance
Navigating the financial aspects of studying abroad can be challenging. IDFC FIRST Bank offers expert financial guidance to assist you in making well-informed decisions regarding your education loans. The bank\'s financial consultants are available to help you at every stage, from understanding the terms and conditions to setting up your repayment plan.
Improved Credit Score
Paying back your IDFC FIRST Bank school loan on time will help you raise your credit score and establish a solid credit history. This can be beneficial when applying for other financial products in the future, such as credit cards, housing loans, or car loans.
Supportive Customer Service
IDFC FIRST Bank prides itself on its customer-centric approach. The dedicated customer service team is always ready to assist you with any queries or concerns regarding your education loan. Whether you need help with the application process or understanding your repayment options, the support team is just a call or email away.
Flexible Repayment Options
We believe in empowering you to manage your finances effectively. Our student loans have flexible repayment options, allowing you to begin paying EMIs within six months of starting a job or one year after finishing the course of study. You can also choose to pay partial or full interest during your course duration.
Personalized Support
Personalised support is available through our FIRST Uni app (available only for Android), which allows users to explore colleges and courses and interact with advisors for SOP writing, resume building, and test preparation. Our buddy system ensures you have a dedicated support system throughout your academic journey.
Conclusion
At IDFC FIRST Bank, we believe that education has no borders. Our education loans are designed to help you pursue your academic dreams abroad without financial constraints. With our collateral-free options, hassle-free application process, flexible repayment terms, and personalized support, we are committed to being your financial partner in achieving your educational goals. Contact us today to learn more about how we can help you take your education to new heights.