Understand and Compare Undergraduate Student Loans
Undergraduate Student Loan Features
Coverage
Up to 100% for estimated costs: Tuition fees, living expenses, laptop, travel, health & travel insurance
Repayment Tenure
No principal EMIs during study period and flexible EMIs after moratorium (7 – 15 years)
Collateral & Margin
Secured or unsecured Collateral-free for premier schools
Quick Turn-around
Instant loan for students via NBFCs with approval in under 10 working days
Tax Benefit
Interest paid is fully deductible under Section 80E for both borrower and co-applicant
Who Is Eligible for an Abroad UG Education loan?
Students who have cleared Class 12 and secured an admit for a full-time UG program overseas
Applicants with a reliable co-applicant earning steady income and CIBIL score around 685–700+
Students aiming for STEM, business, or medicine program at accredited universities
Applicants 16–35 years old with at least 60 % in Class 12 stand the best chance.
Undergraduate Education Loan Roadmap
Apply
Fill a simple loan application form online. Upload documents including KYC, Class 12 mark sheet, admit letter and IT returns.
Compare & Choose
Examine loan offers from over 15 lenders and choose based on interest rates, tenure, and processing fees side-by-side.
Sanction & sign
Read the terms, countersign digitally, and add optional loan-protection cover to safeguard repayments.
Disbursement
Funds move semester-wise straight to the university; any living-expense tranche lands in your account.
Undergraduate Student Loan
200,000+
Students Assisted
₹16,300 crore
loan requests processed
2,000 Cr
disbursed in loans
Secure the best student loan for your undergraduate studies by comparing rates and zero-collateral offers all on one dashboard.
Frequently Asked Questions
How much can I borrow for an undergraduate program abroad?
Loan amounts are based on student profile and co-applicant status. Students can borrow up to ₹1.5 crore to cover tuition and living expenses abroad. Check student loan eligibility with our student loan EMI calculator before filing your application.
What’s the ideal time to apply for a foreign student loan in India?
It is best to fill out a student loan application for studies abroad 2–6 months before your visa day. Many lenders even issue pre-admit sanctions valid 90–180 days.
What are common undergraduate student loan rejection reasons?
Low co-applicant CIBIL (< 685), insufficient income, weak academics, or an unaccredited college are some reasons that can trigger denials. Always fix credit and documentation before re-applying.
Do undergraduate student loan require insurance?
Insurance like SBI Life RiNn Raksha is an optional add-on. RBI and IRDAI bar lenders from forcing it but many recommend it. Compare before you apply for a student loan.
