Select Right - Abroad Ed Loan

Secure the Best Abroad Education Loan with FundRight

Discover unbeatable education loans for abroad studies from leading banks and financial institutions

Begin Your Study-Abroad Journey With The Best Education Loan

Compare and find the most affordable and suitable loan offers for studying abroad from top banks and financial institutions.Compare and find the most affordable and suitable loan offers for studying abroad from top banks and financial institutions.

200,000+

students assisted

200,000+

students assisted

200,000+

students assisted

200,000+

students assisted

200,000+

students assisted

Get access to loans from 15+ trusted lenders
Save up to ₹23 Lakhs in interest
Receive your loan approved in 48 hours
Access via a 100% online application process
Stake your claim to win scholarships and freebies worth ₹4 crore

A collateral-based education loan for education abroad requires you to pledge an asset like property or a fixed deposit as security to the lender.

You can apply for a non-collateral education loan without pledging assets such as property or fixed deposits.

Compare The Cheapest Education Loan From Banks And NBFCs

Educational loan interest is the amount charged by lenders (banks or NBFCs) on the borrowed amount. These figures are estimates and can vary depending on the applicant’s profile and credit rating.

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 EMI Calculator

Simply enter your loan amount, interest rate, and loan tenure and instantly see your estimated monthly installments. Our calculator tool makes it easy to make informed decisions about your loan amount and repayment schedule.

Enter Loan Amount (in INR)* Loan tenure in years

0 yrs 20 yrs

10 yrs

Interest Rate (%)

6% 15%

8.5 %

Here are your results!

EMI Amount: ₹0

Total cost of education loan: ₹0

Total interest paid: ₹0

Loan Amortization Schedule (Yearly/Monthly)

How FundRight Works: A Simple 3-Step Process

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.

Eligibility Criteria for Study Abroad Education Loan

To obtain a study abroad education loan students must meet multiple criteria. These can vary slightly between banks and NBFCs granting education loans for studying abroad. These are the general criteria.

The applicant must be an Indian citizen

Admission at a recognized institute abroad is mandatory.

A good academic record helps but is not essential.

The age limit is between 18 and 35 years.

Loans cover undergraduate, postgraduate, doctoral courses.

A parent, guardian, or sibling must always be a co-applicant.

FundRight Student Loan Success Stories

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.

2.5 lakh

students served

1,304+ Cr

savings

25,000+ Cr

worth loans

Learn More About GradRight-university Partnerships

Frequently Asked Questions

What are the eligibility requirements for a study abroad education loan?

There are multiple eligibility requirements for a study abroad education loan. These vary between banks but usually include the following:

The applicant must be an Indian citizen.
The age limit is between 18 and 35 years.
The applicant must have secured admission to a recognized college or university abroad.
Some lenders prefer a good academic record for Class X and XII board exams.
For loans above a certain amount collateral may be required.
Co-applicant may be necessary for higher loan amounts.

Is collateral always necessary for securing a study abroad education loan?

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.

What's the usual wait time for a study abroad education loan?

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.

How much loan amount can I get for studying abroad?

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.

Are there tax benefits on an education loan for studying abroad?

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 INR 150,000 deduction under Section 80C for tuition fees paid.