Now almost all the banks in India give higher education loan to deserving students who are planning to study Abroad. The Banks have made the application procedure so simple that every student can take advantage and apply for Foreign Education. The main emphasis is that every meritorious student is given an opportunity to pursue higher education for want of financial support.
When the student applies for the loan he becomes the borrower and parents or guardian becomes the co borrower. The Education Loan amount is assessed on the basis of the borrowers papers.