Overpaying your loan? Cut your EMI. Keep your degree.
TAP HERE!
Compare collateral-based and non-collateral education loans to understand eligibility, benefits, and application requirements before applying.
Reduced interest rates compared to unsecured education loan options.
Access larger loan amounts for tuition and living expenses.
Faster loan approval for eligible applicants with pledged assets.
Longer repayment periods for manageable financial planning.
Lower EMI burden with extended repayment flexibility and benefits.
Apply for education loans without pledging property or fixed deposits.
Complete the loan application process fully through online platforms.
Loan approval depends mainly on academic and credit profile strength.
Receive approved loan amounts faster for urgent academic requirements.
Eligible applicants can access attractive interest options & benefits.
A parent or guardian may be required as financial co-applicant.
Enter your loan amount, interest rate, and tenure, and instantly see your estimated monthly installments. Our calculator tool helps you decide your loan amount and repayment schedule.
Fill out a brief application with your details and loan requirements.
Compare loan offers from multiple lenders based on several factors.
Choose the best loan option and secure funding for your studies abroad.
Max Loan
₹1.5 Crores
Interest Rate:
9.95% – 12.25%
Loan Term:
upto 14 years
Processing Fee
0.75% – 1.25%
Max Loan
₹3 Crores
Interest Rate:
9.25% – 12.5%
Loan Term:
upto 15 years
Processing Fee
0.75% – 1%
Max Loan
₹1.5 Crores
Interest Rate:
8.25% – 11%
Loan Term:
upto 15 years
Processing Fee
₹10,000
Max Loan
₹1.5 Crores
Interest Rate:
9.25% – 12.5%
Loan Term:
upto 15 years
Processing Fee
0.75% – 1%
Behind every Indian student studying abroad, there is a story of determination and the right financial support. Our students have secured the best loan deals. They have been able to unlock opportunities without financial stress. Here are the best education loans available to students.
|
There are multiple eligibility requirements for a study abroad education loan. These vary between banks but usually include the following:
While collateral is usually required for securing a study abroad education loan, it’s not always mandatory. Many banks offer education loans for study abroad without collateral. For instance, ICICI Bank offers collateral-free loans up to ₹ 1 crore. SBI Global Ed-Vantage offers collateral free loans of ₹ 50 lakhs for select institutions. Of course, the need for collateral depends on the specific lender and their loan policy.
Usually, banks take several weeks to grant a loan. It is a complex process with verification of security and interviews. However, GradRight’s loan bidding platform has a unique single-window approach which ensures you can secure a loan in 48 hours, with offers from 15+ lenders.
You can get substantial loans for studying abroad. ICICI bank lends up to ₹ 3 crore and SBI education loan for abroad does the same. Many banks such as Punjab National Bank do not explicitly state the quantum of finance. Instead, they have made education loans need-based i.e. students will receive the amount they require.
Under Section 80E of the Income Tax Act,1961, you receive a deduction for the interest paid on your loan. There is no upper limit and you can claim the entire amount of interest as a deduction. You can also claim ₹ 150,000 deduction under Section 80C for tuition fees paid.
To find the best education loan for study abroad, compare interest rates, repayment terms, and processing fees. Use a platform like GradRight to see multiple abroad education loan offers side by side. Look for flexible prepayment options and check if it’s a study abroad loan with minimal hidden costs.
First, shortlist lenders offering a study abroad loan. Gather your admission offer, academic transcripts, passport, and income proof. Complete the lender’s online form, upload documents, and schedule a verification call. Finally, sign the sanction letter to disburse your education loan for abroad studies.
Interest rates on an abroad education loan typically range from 8% to 13% p.a. depending on the lender and your profile. Premium institutes or strong co-applicant credentials can secure lower rates. Always compare rates across education loan for study abroad and study abroad loan options before you decide.
Backed by
Resources & Tools
Compare Lenders
Study Master's Abroad
Top Universities Abroad
Student Insurance
Compare GradRight
Top Analytics Programs
Top MBA Programs
Find Master's Programs
Copyright © 2026 GradRight. All rights reserved.
