Category Archives: overseas education loans

Why students from Kerala perform well in foreign countries/universities?

Our students are hardworking & dedicated


Last 10 years have seen tremendous growth in students seeking international education. Students from Kerala is now studying in almost all countries that allow foreign student intake. When we consider all these countries, Canada, New Zealand, Australia & Germany turn out to be very popular among our students.


For example, consider Canada. We at Santamonica Study Abroad have seen students preferring Canada for many reasons. Their high-quality education, immigrant-friendly policies, job opportunities, quality of life etc. attract students from across the globe. But while considering all the foreign students enrolled in various universities and colleges in Canada, it can be seen that our students are performing well.  Colleges and Universities prefer Malayali students because our students are academically brilliant, hard-working and result-oriented.


If we probe deep, this brilliance can be attributed to our culture. We give utmost importance to education and we prioritize learning to anything else. Academic excellence is something that our children push for, it is the aim of our education per se. So be it IT, Business, Law, Engineering, Medicine, Humanities or any other faculty or school; students from Kerala do well, naturally.  It is evident in the statistics published by the colleges.


If we take Canada as an example, even from South India, most of the students are Malayalees. Many colleges even associate South India to Kerala, thanks to our students who are performing well consistently.


Due to these factors, Universities & Colleges in Canada prefer to attract students from Kerala. Their feedback about our students are very encouraging so far and that’s something we all should be proud of as a state.



About Ms. Nicy Binu, Director, Santamonica Study Abroad


With over a decade’s experience in international education, Ms. Nicy Binu is the brain behind Santamonica’s overseas student program and has steered the organization to a position where it figures today among the prominent overseas education facilitators in India. You may contact her at +91 6282 903 703 for overseas education queries and doubts.

Education loans to materialize your study abroad dreams


As more and more Indians are opting to study abroad, funding of studies becomes an important requirement and thankfully, of late Indian Banks have come to the rescue of students in fulfilling their dreams of gaining an international degree. Banks usually provide an amount of up to Rs. 25 lakhs as education loan to cover the tuition fee, library and laboratory fees, cost of books and instruments required during the course, air fare, living expense, insurance premium, etc; however, the disbursement of loans is at the discretion of banks/bank managers. It is always ideal for students to avail Education loans from nationalized banks which are recognized by the Immigration Authorities in countries like UK, Canada, New Zealand, etc.

The loans are offered with a moderate interest rate allowing enough time to pay back (normally over a period of 5 to 7 years) after one year of studies or six months of getting employed, based on various factors and subject to providing securities equivalent to the amount availed.

Documents required for applying for an education loan includes: Signed and completed Application form, PP size photographs, Photo-ID of the co-applicant if any, Residence proof of the applicant and co-applicant, Academic documents of the student, proof of admission to the course/scholarship/foreign exchange permit, estimation of expenditure of entire period of study and financial documents which include 8 months bank statement of the applicant and co-applicant, Income proof, proof for collaterals – Immovable property (flat, House, Non-agricultural land, etc).

Some of the banks offering Education loans for higher studies: Andhra bank, Axis bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Central bank of India, HDFC bank, HSBC bank, IDBI bank, Karnataka bank, Oriental bank of commerce, Punjab and Sindh bank, Punjab National Bank, Allahabad bank, SBI, SBT, State bank of Bikaner & Jaipur, State Bank of Mysore, Syndicate bank, Canara bank, Vijaya bank, etc. Many overseas educational consultants like Santa Monica have special arrangements with Banks to support the student in facilitating the preliminary documentation and ensuring a timely and hassle-free loan disbursement. Santa Monica has set up a Special help desk for students seeking Bank Loan assistance to guide the students appropriately regarding the procedures and documentation required for availing bank loans for education.

** The details above are to be taken as a general rule followed by the banks and are subject to    change from bank to bank and from time to time.