Education Loan for Studying Abroad – Indian Students Guide 2026
Worried about funding your studies abroad? Indian banks and NBFCs offer education loans up to INR 1.5 crore with flexible repayment. Here is everything you need to know about financing your foreign education.
Get Free Guidance - 0% Commission| Scholarship | Country | Value | Deadline |
|---|---|---|---|
| Bank/Lender | Max Loan Amount | Interest Rate | Collateral |
| State Bank of India (SBI) | INR 1.5 crore | 8.15-10.5% p.a. | Required above INR 7.5 lakh |
| Prodigy Finance (Global) | USD 220,000 | 12-15% p.a. (floating) | No collateral needed |
| HDFC Credila | INR 75 lakh - 1 crore | 10-13% p.a. | Required above INR 20 lakh |
| Avanse Financial Services | INR 75 lakh+ | 11-15% p.a. | Partial collateral options |
Education loans for studying abroad are available from SBI (Global Ed-Vantage scheme for top 200 QS ranked universities), HDFC Credila, Axis Bank, ICICI Bank, and NBFCs like Prodigy Finance and Avanse. Key points: SBI and nationalised banks offer the lowest interest rates but require collateral for loans above INR 7.5 lakh; Prodigy Finance lends without collateral for top-ranked universities but charges higher interest; most lenders offer 6-12 month moratorium during the study period; repayment typically begins 6 months after graduation. AbroBot helps you understand financing options alongside programme selection at 0% commission.
Fund Your Dream Education Abroad - Get Guidance Today
AbroBot provides 100% unbiased, 0% commission guidance. Book your free consultation today.
Book Free ConsultationPlanning studying in Study Abroad Loan for 2026–27
Before you commit, run the numbers: typical budgets are ₹10–60 lakh depending on country, and graduates get country-specific post-study work rights. Compare options with the cost guide, check English-test alternatives, plan funding via non-collateral loans and the Scholarship Finder, and get your per-university admission odds from the AI University Matcher — free.