Education Loan for Hotel Management

Introduction

Hotel management has grown in popularity in the past few years. As more and more people become aware of the field's potential, there is a steady rise in the number of students enrolling in hotel management courses at universities abroad, especially in countries like Switzerland and France, which are renowned for their culinary arts programs. However, funding for these courses is often too high for international students. This is why many prospective students require an education loan for hotel management to help finance their studies abroad. Several banks and non-banking financial institutions (NBFCs) provide a hotel management education loan to enable students to pursue their higher education without financial restraints.

Education Loan For Hotel Management Eligibility

Students must evaluate several factors before signing the loan agreement. The eligibility criteria for an education loan for hotel management are as follows -

• Candidate must be an Indian citizen or resident
• Candidate must have obtained a place in a hotel management or culinary arts programme at one of the participating universities
• Some banks have age limitations of 35 years, so it is best to double-check with them
• Additionally, criteria influencing the bank's choice to provide a study loan for hotel management might include academic merit, the university's repute, the collateral given, and the applicant's financial background

Expenses Covered Under Education Loan

The best aspect of taking out an education loan for hotel management with UniCreds is that students may obtain up to 100% financing, which means that the loan will cover all or most of their expenditures. The following are the expenses that students might anticipate a hotel management education loan to cover -

• Tuition Costs
• Travel & Transport including the tickets
• Accommodation & Rental expenses
• University fees & additional course costs
• Food expenditures
• Living expenses
• Laptop
• Other research, thesis, and project-work-related expenses
• Any other expense required for hotel management

Top Education Loan Providers In India For Hotel Management Admission

Following are the top education loan providers offering Indian students with abroad study loans for hotel management -

1. Avanse
2. IDBI Bank
3. InCred
4. Axis Bank
5. ICICI Bank
6. HDFC Credila
7. Bank of Baroda