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Every year, more than 30% study abroad aspirants drop even after getting admit to their dream university. The reason is not being able to “Arrange finance”. WeMakeScholars took its first step to solving this issue by listing all the “International Scholarships” after its founders won full scholarships for their Masters in the UK. For them, it was impossible to take up an international degree without a scholarship.
Since our launch in April 2015, over 1500+ study abroad aspirants achieved their dream by applying and winning scholarships through WeMakeScholars.com. Unfortunately, due to high competition, there is a significant number of students who couldn’t win scholarships. With an aim to help these students to achieve their dream, WeMakeScholars had started the “Study Abroad Education Loan” service.
By partnering with top banks and NBFCs globally, WeMakeScholars facilitates the education loan application process and makes sure that it runs smoothly and on-time. Its current partners include State Bank of India (SBI), Axis Bank, Prodigy Finance, Credila HDFC, Avanse, STILT. Though a majority of these current partners offer loans only to Indian nationals, WeMakeScholars is adding on various loan providers from the US, UK, Malaysia to help its community further.
How to apply for an Education loan on WeMakeScholars in just 5 minutes?
Current Study abroad education loan providers on WeMakeScholars:
State Bank of India (SBI) is the largest education loan provider in India. Global Ed-vantage scheme of SBI offers loan of 20 lacs INR to 1.5 cr INR to study abroad. This overseas education loan is primarily for those who wish to pursue a full-time regular course at a recognised foreign college or University.
Prodigy Finance provides loans to international postgraduate students attending the world’s top universities. Prodigy’s innovative borderless credit model is available to more than 100 nationalities. Disrupting the traditional funding market, Prodigy Finance loans are collectively funded by a community of alumni, institutional investors and qualified private investors who receive a financial and social return; while the student borrower gains access to higher education that they might not otherwise be able to finance.
STILT offers loans to International students studying in the US. These loans are primarily ranged between $5000 to $25000 and can be taken to cover full or partial education expenses in the US.
Avanse with a tagline of "Aspire Without Boundaries" is an education finance company that provides study abroad education loans to the students to fulfil their dreams of pursuing higher education.
Credila, part of HDFC bank Ltd. is India's First Dedicated Education Loan Lender. It offers study abroad education loans for all the degree levels. Credila offers unsecured loans to meritorious students planning to study in the US.
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