Country-Wise Education Loans for Abroad Studies

Get the Best Education Loan for Your Study Abroad Journey

Find highly affordable loan options for your preferred study destination. Compare country-specific education loans and choose the best education loan for your study abroad.

Find the Right Education Loan for Your Preferred Country

Planning to study abroad? We help students secure education loans for every country , ensuring the best financing options. Our lending partners offer loans for top destinations Indian students choose: USA, UK, Canada, Australia, Ireland, Germany, France, and New Zealand. You can compare multiple offers and check loan eligibility . Get the right funding solution for your needs—stress-free.

USA

UK

Canada

Australia

Germany

Ireland

USA

Compare offers from 15+ trusted Indian and global lenders

UK

Access our services with zero hidden fees

Ireland

Secure a loan without collateral or a cosigner

Australia

Receive unbiased guidance to help you secure top deals

USA

Compare offers from 15+ trusted Indian and global lenders

Explore Education Loans by Country

USA Education Loan

UK Education Loan

Student Loan Australia

Student Loan France

Student Loan New Zealand

Ireland Education Loan

Student Loan Germany

Compare Education Loan Rates & Terms by Country

Banks and NBFCs have different interest rates , loan amounts, repayment terms, and eligibility criteria, which vary by country. Our comparison table helps you select the right education loan for your study abroad expenses.

Apply

Fill out a brief application with your details and loan requirements.

Compare

Compare loan offers from multiple lenders based on several factors.

Secure the Best Loan

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

Visa & Loan Requirements for Studying Abroad

An education loan isn’t just for tuition and accommodation—it also supports your student visa application. Many countries require proof of funds or a minimum bank balance for a set period before issuing a visa. This table outlines the minimum bank balance requirements for student visas in popular study destinations:

United States

$20,000 – $40,000

United Kingdom

£13,348 (London) / £10,224 (other areas)

Canada

CAD 10,000 – CAD 40,000

Australia

AUD 29,710+

Netherlands

€14,700 per year

Germany

€11,904

Ireland

£12,000 (Dublin), £10,000 (outside Dublin)

France

€7,380 per year

Success Stories: Students We Helped Secure Education Loans

Hear from students who made it happen with the help of GradRight, using its platform to find the most affordable education loan.

2.5 lakh

student served

₹1,304+ crore

savings

25,000+ Cr

worth loans

Frequently Asked Questions

Why do I need a co-applicant for an education loan?

A co-applicant is required by many banks. The reason is to ensure the education loan is paid back even if you are unable to do so. Here are some common reasons why a co-applicant may be necessary:

A student aged 18 – 24 might not have the CIBIL score to apply for a loan. An education loan is a substantial amount of funds and banks prefer to check the CIBIL or credit score of the applicant. For this reason a co-applicant with a good creditworthiness is necessary.
As stated above, if for some reason the applicant is unable to repay the loan the co-applicant can shoulder the burden.
A co-applicant might also own the house or fixed deposit that is offered as collateral.

For these reasons a co-applicant is essential in many cases.

What is the interest rate for an education loan?

As of March 2025, education loans charge interest between 8.5% and 14% per annum. SBI, the largest public sector bank, offers education loans with interest rates ranging from 8.05% to 11.75%. ICICI Bank offers loans at REPO + 3.75% i.e. 10%. 3

Of course it also depends on the candidate profile. If there is no collateral the interest rate will rise by 1-2%.

What is fixed and floating rate interest?

Fixed rate interest is the same through the entire life of the loan e.g. 9.8% on INR 40 lakhs for 12 years.

Floating rate loans change as the repo rate (the rate at which RBI lends money to banks) and market conditions change. In the above case, perhaps the interest might dip down to 7% per annum and rise to 12% per annum depending on the state of the economy.

Why am I asked to buy a life insurance policy with sum assured equal to the education loan amount?

Some banks ask for life insurance policies as a collateral. In case anything happens to the applicant, they can claim the policy amount. The advantage is it is a quick and easy solution for the bank. For the applicant’s family too it saves the collateral and the burden of debt.

What is an education loan moratorium period?

Simply put, an education loan moratorium period is a repayment holiday. It is a period after course completion where students are not required to pay EMIs (Equated Monthly Installments). This time allows them breathing space to secure employment and build a foundation. Usually a moratorium period of six months.

What is the top reason for rejection of an education loan application?

An education loan application might be rejected due to the following reasons:

Poor Academic Performance

The bank depends on you getting a job to repay the loan. If your past academic record has been poor, the bank has no confidence that you will be a successful student.

Bad Credit Score

If the applicant or the co-applicant has defaulted on their debt, it will show up in the CIBIL report. This is a valid reason for loan rejection since the bank does not lend to risky customers.

Chosen Country

If the destination country is not on the approved list the banks will refuse a loan. Both the country and the university have to be on the approved list for loan disbursal.