7 MinsApril 19, 2022
Overseas education can go a long way in helping you get a good job. However, to get into a reputed international university, you need to clear several examinations. Here are some of the most common ones:
Test of English as a Foreign Language (TOEFL): This tests the student’s proficiency in English. Clearing this test will confirm that a student has the necessary English language skills to succeed in different academic
settings. Over 130 countries worldwide accept TOEFL scores, including colleges and universities in the United States, Canada, United Kingdom and Australia.
International English Language Testing System (IELTS) - This test is a standardised English proficiency exam that non-native English speakers must clear if they are interested in studying, working or living abroad. The
British Council conducts IELTS. Over 9,000 organisations across the globe, including educational institutes, employers and various professional bodies recognise IELTS. There are two types of IELTS exams, academic for educational purposes and
general for employment purposes.
Scholastic Aptitude Test (SAT): If you want to complete your undergraduate studies in the United States of America, you must take this exam. Institutions in America use the SAT score as a reference for comparing applicants.
Graduate Management Admission Test (GMAT): Students looking for further studies abroad in management must clear the GMAT exam. It is designed to test problem-solving skills, critical and logical reasoning skills and analytical
writing skills that students applying for an MBA or a business management programme need to have.
Graduate Record Exam (GRE): If you are looking to study in the US, UK, Australia, Canada, or similar countries, in the engineering and sciences field, you will be required to give the GRE. Thousands of universities
worldwide accept GRE scores that measure verbal, mathematical and general analytical skills.
If you clear the GRE, funding is easier due to easily available Education Loans. For instance, Axis Bank offers GRE-based unsecured funding, with the following benefits:
- Unsecured loan up to Rs. 40 lakh; eligibility criteria is GRE score > 300
- Sanction Letter can be issued based on valid GRE score
- No university admit letter required
- Loan tenure up to 10 years
Medical College Admission Test (MCAT): Aspiring doctors looking to acquire a medical degree in the US, Canada and several other countries will be required to sit for the MCAT exam. The Association of American Medical Colleges
has specially designed the exam to test knowledge of concepts in science relevant to the field of medicine.
[Also Read: Eight Benefits of Taking an Education Loan in 2021]
Test Deutsch als Fremdsprache (TestDaf): This stands for Test of German as a Foreign Language. With Germany emerging as a favourite destination for engineers, this is an important test to keep in mind. A lot of German Universities
offer free education. However, one primary requirement is the knowledge of German. This test is conducted six times a year.
Deutsche Sprachprüfung für den Hochschulzugang (DSH): This is another exam to test your efficiency in German. It is similar to TestDaf. However, this exam is only conducted in Germany.
Law School Admission Test (LSAT): This is a must for students who want to study law in the US and Canada. Apart from your knowledge of the law, this test measures skills to determine if you can hold your own in a courtroom.
If you are planning to study overseas, you do need to get good grades in these examinations. But when it comes to funding, look no further than Axis Bank’s Education Loans.
As already mentioned, Axis Bank provides loans to students desirous of pursuing education overseas. The education loan interest rates are competitive, and
students from defined categories are eligible for subsidies under government schemes.
With an Axis Bank Education Loan, you can enjoy many benefits such as simple documentation, quick loan disbursal, tax benefit u/s 80(E) and long repayment tenure.
You can funding get up to 100% of the total cost of your course, depending on your need and eligibility. This includes course fees and living and travelling expenses. You can use Axis Bank education loan EMI calculator online and know more about education loan eligibility.
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