Every year thousands of students apply for bank loans to study abroad. According to data by the Ministry of External affairs in 2021, 1.1 Million students went to study abroad and by 2024 the number will rise to 1.8 Million. Many students are unable to study abroad because of the difficulty or rejection that they face from banks regarding their education loans. There are some factors that students must consider before choosing their University. First is the reputation of the college. Very often students choose universities or countries that are budget friendly but do not have a good reputation because of which their application doesn't get accepted. A good credit score is also very important. Make sure you have paid all your previous loans on time. Look for scholarships and make sure that all your documents are complete.
