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.
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, 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.
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 or in India.
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:
$20,000 – $40,000
£13,348 (London) / £10,224 (other areas)
CAD 10,000 – CAD 40,000
AUD 29,710+
€14,700 per year
€11,904
£12,000 (Dublin), £10,000 (outside Dublin)
€7,380 per year
student assisted
loan requests processed
disbursed in loans
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:
For these reasons a co-applicant is essential in many cases.
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%.
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.
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.
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.
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.
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