Education and Career Forum

Hi Friends,
I am willing to do my Master's Degree in Abroad. And I am preparing for GRE and IELTS. I would like to know that if I want to apply an Education Loan from any Bank then I have to submit my GRE and IELTS score to Bank where I am going to take an Education Loan?

Yes, you need to submit your GRE and IELTS test score report forms photocopies to bank to get an Education loan. The bank will ask you to submit admission letter, GRE and TOEFL/ IELTS examinations score report forms, your academic certificates, Income Proof, Identity proof and Residence proof certificates to offer and Education loan. Since, you are going to pursue your Master's in Abroad, definitely it will cost more than Rs. 10 lakhs, so, you need to submit collateral security documents to bank to get an Education loan.

First of all you need to confirm admission at the said university abroad with the help of required scores like GRE and IELTS. Only admission confirmation can help you apply for loan.

No bank will sanction loan if you haven't got confirmed admission. GRE and IELTS scorecard is not required during applying. Only admission documents will be required.

Yes, it is mandatory to submit the scores of GRE and IELTS if you are appearing for them and taking admission on the basis of these exams. You need to submit the entrance exam score/rank to the bank based on which you are taking admission in the course for which you are seeking education loan. Along with this, admission call letter from the concerned institute will also be required.