Compare Education Loan Interest Rates for Undergraduate Studies Abroad
Make informed loan decisions about your UG studies abroad by comparing interest rates from top banks and NBFCs.
Compare UG Loan Interest Rate Offers by Top Providers
Bank Name
Loan Amount
Interest Rate
Processing Time
Processing Fee
Upto 1.5Cr
10.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1.25%
Upto 1.5Cr
10.5% - 13%
Secured: Upto 3 weeks Unsecured: Upto 1 week
0.75% - 1.25%
Upto 85L
11% - 12.75%
Upto 1 week
0.75% - 1.25%
Upto 1Cr
11.25% - 12.75%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1.25%
Upto 75L
11% - 12.75%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.85% - 1%
Upto 1Cr
10.75% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%
Upto 3Cr
9.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%
Upto 1Cr
9.5% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%
Upto 75L
11.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%
Upto 1.5Cr
9.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%
Upto 1.5Cr
8.25% - 11%
Secured: Up to 3 weeks Unsecured: Up to 2 weeks
Secured: Rs. 20,000 Unsecured: Rs. 10,000
Upto $220k
8.47% - 13.5%
Automated process
500 USD + 4%
Upto $100k
9.5% & 9.99%
Up to 1 week
1% + 2%
Upto $100k
10.5% - 12.75%
Up to 1 week
200 USD + 2%
Upto $100k
9.99% - 14.99%
Automated process
6.50%
What Factors Influence Interest Rates?
Undergraduate abroad education loan interest rates vary according to four main factors. Understanding these levers lets you negotiate and lock in a better study loan interest rate.
Co-applicant Profile
A co-applicant with a strong credit profile can secure lower interest rates
University Ranking
Admission to higher-ranked institutions leads to more competitive rates
Loan Amount & Tenure
Larger and longer loan amounts can increase interest rates slightly
Collateral
Secured loans backed by collateral offer lower interest rates than loans without collateral
Real-World Cost Comparison
If two students each borrow ₹25 lakh at two rates, 8.5% and 12.5%, for a 4-year UG program abroad and repay over 10 years. This difference in study abroad loan interest rate for UG balloons into roughly ₹6–7 lakh extra over the life of the loan.
Interest Rate 8.5 %
Monthly EMI ₹30,996
Total Repayment ₹37.20 lakh
- Collateral lowers interest-rate bands
- Total cost of loan is lower than unsecured loans
Interest Rate 12.5 %
Monthly EMI ₹36,594
Total Repayment ₹43.91 lakh
- No collateral needed
- Higher interest rates for lower risk
- Total cost of loan increases
Undergraduate Abroad Education Loan Interest Rate
Compare real-time interest offers through GradRight. Join the 200,000 students who have identified the cheapest undergraduate loan rates to save crores over long repayment years.
200,000+
Students Assisted
₹16,300 crore
loan requests processed
2,000 Cr
disbursed in loans
Frequently Asked Questions
What is the current undergraduate abroad education loan interest rate range?
Secured SBI Global Ed-Vantage loans start near 9.15 %, unsecured NBFC offers run 10 %–16.5 %, and Prodigy begins at 8.35 % for select programs.
What’s the quickest way to compare loan offers?
GradRight’s online education loan interest rate comparison portal for abroad studies pulls offers from over 15 lenders in one place. You can then compare quotes by top lenders such as, SBI, Avanse, ICICI within minutes.
Does the interest rate for UG education loan with/without collateral differ?
Yes. Placing any asset, such as a property or an FD, typically lowers the interest rate because collateral cuts lender’s risk.
Will a co-applicant improve the study loan interest rate for Indian students abroad?
Yes. A strong co-applicant can help reduce rates for your UG loans. A 750+ co-applicant CIBIL score often trims rates by 0.5%–1% even on secured loans.
When is it smart to refinance my UG study loan for a lower interest rate?
You can refinance a high interest rate loan after building a repayment track record, usually after 12 on-time EMIs.
