Education Loan for Hybrid Courses

A hybrid course is a special program that combines both in-person and online learning. In hybrid courses, few classes are conducted face-to-face, while other sessions are held online, either in person or pre-recorded. This model enables students to benefit from the immediacy of in-person interactions as well as the convenience of accessing online materials and completing tasks remotely. It allows students to participate in online activities from virtually anywhere, while still benefiting from direct, in-person discussions and group work.

Average Cost of Hybrid Courses 

The cost of hybrid courses varies widely depending on the country, level of education (undergraduate or postgraduate), and the institution.

Popular Undergraduate (UG) and Postgraduate (PG) Courses Offered in Hybrid Mode:

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  UG Courses: Business Administration, Computer Science, Nursing, and Psychology are commonly available in hybrid formats across these countries.
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  PG Courses: Programs in Education, Engineering, Data Science, and Public Health are offered as hybrid courses, allowing flexibility for both local and international students.

Best Education Loan for Hybrid Courses

To cater to the high cost of pursuing hybrid courses, students often turn to education loans. These loans are financial tools that equip students with adequate funds that cover a wide range of expenses, including tuition fees, living costs, and travel, making higher education more accessible. 

Eligibility for Hybrid Course Loans 

To be eligible for student loan for hybrid courses abroad, students must generally meet the following eligibility criteria:

1. 
   Applicants must be Indian nationals. Some lenders may extend loans to students with an Indian passport.
2. 
   Typically, the student should be between 18 to 35 years old.
3. 
   The applicant must have secured confirmed admission to a recognized foreign institution. This can be through competitive exams, merit-based selection, or pre-admission sanctions.
4. 
   A good academic record is often required. Students should have completed their 10+2 (12th Standard) for undergraduate programs or a relevant undergraduate degree for postgraduate programs.
5. 
   A co-applicant, such as a parent or guardian, is required for full-time courses. The co-applicant's financial stability often plays a crucial role in the approval of the loan
6. 
   Depending on the loan amount, collateral such as property, fixed deposits, or other assets may be required, particularly for higher loan amounts. 

Documents Required for Education Loan for Hybrid Courses

To apply for education loans for Hybrid courses, students have to submit the following list of documents -

Applicants' Documents Required for Student Loan SBI:

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  Identity proof: PAN/ Passport/ Driver’s License/ Voter ID card or government-issued identification document.

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  Education loan application form.

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  Address proof: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill/ driving license/ Aadhaar card.

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  Passport 

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  Past academic record.

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  10th standard mark sheet

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  12th standard mark sheet

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  Undergraduate result (semester-wise)

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  Entrance exam results (e.g. GMAT, GRE, TOEFL, etc.)

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  Proof of admission: admission letter (A conditional admission letter is also applicable).

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  Statement of expenses.

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  2 passport-size photographs.

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  Loan A/C statement of one year (if applicable)

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  Bank account statement of the student (if applicable)

Co-applicant’s Documents Required for Student Loan SBI:

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  Identity proof: PAN/ Passport/ Driver’s license/ Voter ID card or government-issued identification document.

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  Address: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill or copy of passport/ driving license/ Aadhaar card.

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  2 passport-size photographs.

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  If any previous loan is from other banks/ lenders, then the loan A/C statement of 1 year.

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  Legal documents of the collateral/ property documents.

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  Bank account statement of the co-borrower/guarantor, for the last 6 months (in case of takeover of education loan).

Income proof for salaried co-applicant/guarantor:

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  Salary slips for the last 3 months.

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  Copy of form 16 of the last 2 years or copy.

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  Bank account statement for the last 6 months (Salary account).

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  Brief statement of assets & liabilities of parent/ guardian/ other co-borrower.

Income proof for self-employed co-applicant/ guarantor:

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  Business address proof.

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  Last 2 years IT returns ( If IT Payee).

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  TDS certificate (Form 16A, if applicable).

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  Certificate of qualification (for C.A./ doctor and other professionals).

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  Brief statement of assets & liabilities of parent/ guardian/ other co-borrower

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  Bank account statement for the last 6 months.

How to Get an Education Loan for Hybrid Courses Abroad?

To apply for an education loan for hybrid degree abroad with GyanDhan, applicants must follow the following steps -

Step 1 - Check your education loan eligibility. 

Step 2 - Once you have checked your eligibility criteria, our team will evaluate your application and contact you within 24 hours. 

Step 3 - A dedicated education loan expert will be assigned to you and they will compare more than 15 lenders for you. 

Step 4 - After analyzing your profile, your expert counselor will initiate your education loan process with 3-4 lenders simultaneously.
Step 5 - You will receive a customized document checklist which will help you submit the necessary documents in one go.
Step 6 - The lender will then evaluate your profile and approve or deny your application.

Please note that our team at GyanDhan is well-coordinated with all our lending partners. Therefore, if any last-minute hiccups interrupt your education loan journey, we can coordinate with the officials and get them resolved immediately. https://www.gyandhan.com/blogs/documents-for-education-loan

As education evolves with the integration of online and in-person learning, hybrid courses have become a popular choice for students seeking flexibility in their academic journey. These courses allow students to complete part of their studies online while attending some sessions on campus. Financing such programs is increasingly feasible with specialized hybrid course education loans, offered by leading banks and financial institutions in India. To secure the best education loan, check your eligibility and connect with GyanDhan today!

Frequently Asked Questions