Find the Best Education Loan Interest Rates for Studying Abroad

Get the lowest rates from top lenders to fund your overseas studies without stress.

What Are Education Loan Interest Rates?

Education loan interest rate is the charge you pay to borrow money to finance your studies. These rates determine the extra amount you repay over the principal loan.

Interest rates vary based on the bank, loan amount, tenure, and loan type.

Secured loans (with collateral) usually have lower interest rates than unsecured loans.

Government banks often offer lower interest rates compared to private lenders.

Your co-applicant’s financial profile can impact the interest rate you get.

Comparing multiple lenders helps you find the best student education loan interest rate.

Why Education Loan Interest Rates Matter

Loan Repayment

A lower interest rate means you pay less total interest. This makes the cost of repayment much cheaper.

Loan Affordability

A lower education loan for abroad interest rate results in smaller monthly EMIs . Thus, it makes repayment more manageable and affordable.

Eligibility Impact

Lenders may offer a lower foreign education loan interest rate based on your academic profile, co-applicant, or course.

Key Factors Influencing Your Education Loan Interest Rate

Banks decide education loan interest rates vary based on multiple factors. Understanding these helps you compare education loan interest rates. That’s how you can find the lowest education loan interest rate in India.

Type and value of collateral
Loan amount and repayment tenure
Borrower or co-applicant’s credit score
Policies of the chosen bank or NBFC
University ranking and course demand
Co-applicant’s income and financial stability

Compare Higher Education Loan Interest Rates for Overseas Studies

Find the cheapest education loan interest rate in India with GradRight

Bank Name

Loan Amount

Interest Rate

Processing Time

Processing Fee

Upto INR 2 Crore

9.95% - 12%

7 days

0.5 - 1 %

Upto INR 2 Crore

9.50% - 13.50%

10 days

0.75 - 1 %

Upto USD 200K

10.5% - 14%

7 days

100USD+ 5%

Upto INR 1.5 Crore

10.15% - 11.15%

25 days

INR 10,000

Upto INR 1.5 Crore

9.75% - 13%

14 days

0.75%

Upto INR 1.5 Crore

10% - 13%

7 days

0.85 - 1 %

Upto INR 1.5 Crore

10.50% - 13%

7 days

Upto INR 1.5 Crore

10.50% - 13%

7 days

Upto INR 1.5 Crore

11.5% - 13.5%

5 days

0.75 - 1 %

Upto INR 1.5 Crore

9.95% - 12%

7 days

0.5 - 1 %

Upto INR 1 Crore

9.95% - 12%

7 days

0.5 - 1 %

Upto INR 1 Crore

9.95% - 12%

7 days

0.5 - 1 %

Upto INR 2 Crore

9.95% - 12%

7 days

0.5 - 1 %

Upto USD 200K

9.95% - 12%

7 days

0.5 - 1 %

Upto USD 200K

9.95% - 12%

7 days

0.5 - 1 %

How to Secure the Best Education Loan Interest Rate for Studying Abroad?

Build a higher credit score to get a lower education loan interest rate.

Compare education loan interest rate offers from multiple lenders.

Get a collateral-backed loan as it gives lenders security against the loan amount.

Choose a financially strong co-applicant with a stable income and good credit history.

Look for special schemes and discounts for students offered by many lenders.

Success Stories from Students Who Got The Lowest Student Education Loan Interest Rate

200,000+

students assisted

₹16,300 crore

loan requests processed

₹2,000 crore

disbursed in loans

Apply for a loan at the most competitive interest rate today.

Frequently Asked Questions

What is the average education loan interest rate for studying abroad?

The average interest rate for education loans to study abroad is between 7% and 10%. But the rate you get can be different based on the bank or lender, your credit score, and the type of loan.

How can I get the lowest education loan interest rate for studying abroad?

To get the best interest rate on your education loan for studying abroad:

Build a good credit score.
Choose a secured loan backed by collateral.
Choose a co-applicant with a good credit history or a stable job.

And don’t forget to use GradRight to compare interest rates from 15+ lenders to find the best offer.

Which bank offers the best education loan interest rate for abroad studies?

There’s no single bank that always has the best interest rate for everyone. Different banks give different rates depending on your profile. To find the best rate for you, it’s a good idea to compare offers from many lenders. You can do this easily on GradRight, where you can check rates from over 15 lenders.