Get the Perfect Student Loan to Study Abroad

Secure the best funding for your dream university abroad. Compare student loan offers from leading banks.

What Are Student Loans?

A student loan helps students finance their education. Student loans make higher education more accessible to students.

Student loans help cover tuition fees, living expenses, travel, and other educational costs.

You can choose from a public sector or private sector bank or an NBFC.

Student loans are secured or unsecured loans based on your financial situation.

Applicants enjoy repayment tenures from 1 to 15 years, with grace periods.

You can save taxes under Section 80E when you repay the student loan.

Various Types of Student Loans

There are many different types of education loans available in India

Secured Education Loans

These student loans offer lower interest rates with collateral like property or fixed deposits.

Unsecured Education Loans

These provide funding without collateral but usually charge higher interest rates.

Subsidized Education Loans

Some loans are government-backed and carry interest subsidies.

Loans from NBFCs

NBFCs offer student loans with fast processing and attractive terms.

Eligibility Criteria for Student Loans

Before applying for a student loan, it’s important to understand the eligibility criteria set by banks.

Who Can Apply? Common Student Loan Eligibility Requirements

Indian citizens between 18 and 35 years old
They must have secured admission to a recognized college or university
Good academic performance in previous exams (preferred)
Students who have a co-applicant, usually a parent or guardian
Proof of income or repayment capacity (from the co-applicant)

Check Student Loan Interest Rates

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 %

Plan Your Repayments with Our Student Loan EMI Calculator

Our Student Loan EMI calculator simplifies your financial planning. Just enter your loan amount, repayment period, and interest rate.

Check Eligibility

See if you qualify for a non collateral education loan based on your academic profile and university.

Compare Loan Options

Use our education loan calculator to estimate your EMI and find the best option.

Submit Documents & Apply

Choose the best loan option and secure funding for your studies abroad or in India.

Secure the Best Loan

Get approved, and the loan amount is disbursed to your university.

How to Apply for a Student Loan?

Here is a step-by-step guide to secure your education loan

Choose the Loan Provider

• Compare interest rates, repayment terms, and processing fees.
• Ensure you meet the age, academic, and co-applicant requirements.

Submit Required Documents

• KYC Documents
• Student Loan Application
• Admission Letter
• Financial Documents
• Collateral Documents

Loan Approval

• The lender reviews your student loan application and documents.
• Once approved, the loan amount is either: Paid directly to the university for tuition fees
• Or Transferred to your account for living and travel expenses.

Instant Loans for Students

Do you need urgent funds for tuition, visa fees, or living expenses? Instant student loans provide fast approvals with minimal paperwork.

Why Choose an Instant Student Loan?

Quick Approvals

Minimal Documentation

No Collateral Required

Flexible Loan Amounts

100% Online Process

Best Student Loan Apps to Apply for Loans Online

Looking for a hassle-free way to apply for a student loan? These student loan apps in India allow you to compare, apply for, and track your student loan application.

SlicePay

PaySense

mPokket

Pocketly

StuCred

Student Loan Options for Studying Abroad

Studying abroad requires significant financial investments. The right student loan can make it easier.

Types of Student Loans for Studying Abroad

Secured Student Loans – Require collateral
Unsecured Student Loans – No collateral needed
Government-Supported Loans – Offered under government schemes
Loans from NBFCs – Quick processing, minimal documentation

Loan Amounts & Repayment Options

Loan Amounts – Range from ₹10 lakh to ₹1.5 crore
Repayment Tenure – Usually up to 15 years
Interest Rates – Vary between 8% and 14%

Success Stories from our Students

Securing a student loan can be a game-changer for your education abroad. GradRight has helped thousands realize their dreams. Here is what they have to say.

200,000+

students assisted

₹16,300 crore

loan requests processed

₹2,000 crore

disbursed in loans

Compare student loan offers from 15+ lenders

Frequently Asked Questions

What expenses does a student loan cover?

Student loans cover many different types of expenses. These usually include:

Tuition Fees
Hostel/Accommodation Fees
Examination Fees
Library Fees
Laboratory Fees
Study Materials
Travel Expenses
Laptop/Computer Purchase
Miscellaneous Expenses

What is the rate of interest applicable for an education loan?

Education loans for study abroad have two components. They are usually based on what is called the repo rate. It is the rate at which commercial banks borrow funds from the Reserve Bank of India. On top of the repo rate, banks charge an administration cost and profit margin known as spread.

Currently the repo rate is 6.25% and banks charge 3-7% spread making the interest rate about 9 – 14%. Of course there are a lot of variations between banks and the official website will offer the latest interest rates on study abroad loans.

What is a floating interest rate?

Student loans might have a fixed or floating interest rate. A fixed interest rate remains constant throughout the loan tenure. A floating interest rate changes based on market conditions. As the repo rate rises and falls, the floating interest rate varies.

What is the margin for a student loan in India?

Margin means a part of the cost that the student has to finance out of pocket. On a 20% margin loan for INR 50 lakhs expense, the student is expected to finance INR 10 lakhs from personal and family sources.

Who is eligible for an education loan?

A resident Indian or an NRI is eligible for a student loan in India. Most banks require the applicant to be more than 18 years of age. The applicant also has to fulfill various other criteria such as admission to a recognized course, collateral and a co-applicant.