List of Approved Foreign Universities for Education Loan

It takes some time for banks to approve student loans for specific universities, and the approval is quicker for some universities. Did you ever wonder why? Banks have a list of approved foreign universities for education loans that are reputed and recognised by UGC, HEIs, IAO, etc. Hence, most of the banks have mentioned in their eligibility requirements that the student should have an admission letter from a recognised and approved university. This blog will take you through all those universities so you can choose which one to apply for! 

Approved Foreign Universities For Education Loan

In India, many banks only provide education loans to approved universities. These lists can also be found on the websites of those banks. Hence, you should check and stay current on whether your university is approved and recognised by the bank where you’re applying. Here’s a list of all the major study-abroad universities: 

List Of Approved Universities In The USA 

The number of US universities offering world-class education to students is around 985. Most top universities in the USA have a student-to-teacher ratio of 16 to 1. The average annual tuition fee for an international student is $50,000. This is why taking an education loan is the most convenient option. Many banks offer collateral-free education loans, too. Below are some of the top universities in the US. 

List Of Approved Universities In The UK

Over 55,000 Indian students study in the UK. Studying abroad in the UK is undoubtedly the most popular option globally. There are about 160 best universities here. The majority of them are approved by Indian banks and NBFCs. Given below are the approved list of universities in the UK: 

List Of Approved Universities In Australia 

Australia’s universities have students from around the world if you plan to study there. Nationalised banks and NBFCs of the nation offer education loans to Indian students to help them get into these universities. There are some great Australian scholarships for Indian students at some of these universities in Australia.

List Of Approved Universities For Education Loan In Canada 

There are a lot of high-quality educational and research opportunities in Canada. Over 155 universities and colleges are available to international students here. Given below is a list of approved universities in Canada for education loans. 

List Of Approved Universities In Germany 

Studying at the following German universities is the right choice if you want to become an outstanding leader, scholar, scientist, or artist. International students in Germany can benefit from blacked accounts to manage their finances. Here is the approved list of universities in Germany:  

List Of Approved Universities For Education Loans In New Zealand 

In New Zealand, there are eight public universities. According to the Ministry of External Affairs of India, 2,664 Indian students studied in New Zealand in 2022. You can borrow secured and unsecured education loans from New Zealand. Given below is the list of foreign universities in New Zealand: 

List Of Approved Universities In Ireland For Education Loan 

Students worldwide love studying abroad in Ireland because it’s an English-speaking country. There are about 30 top universities in Ireland for higher education. Studying in Ireland is cheaper than in the USA or the UK. Because of that, Ireland is an excellent place for international students to study abroad. 

List Of Approved Universities In France For Education Loan  

More than 400,000 international students are currently studying in France, which is the highest growth in 15 years. Emmanuel Macron announced that by 2030, France will accept 30,000 Indian students at its universities as part of a major initiative to strengthen educational ties between the two countries. There are many top-approved universities in France for Indian students. Go through the list below: 

Bank & NBFCs Offering Education Loans For Abroad Universities 

Many banks and NBFCs offer education loans for universities abroad and have a list of universities they approve of. Given below is a list of these top banks and NBFCs you can refer to: 

Education Loan Eligibility Criteria For Abroad Universities 

There are a few specific things you must keep in mind with regard to universities while studying abroad. These factors might seem minor but never go unnoticed while taking an education loan from the list of approved foreign universities. Here they are: 

• 1) Applicants taking education loans from only recognised and accredited universities by UGC, HEIs, IAO, etc. are granted student loans

• 2) Applicants must have an admission letter from these universities. 

• 3) A fee structure or brochure from the university as proof of financial need.  

I hope this blog gave you an overview of the list of universities and banks and the eligibility for studying abroad. For more information, visit UniCreds, your guide for education loans! 

FAQs  

Q1. Can I get a 100% loan to study abroad? 

Yes, if you have a great credit score, you can get a 100% loan to study abroad from the top banks and NBFCs. 

Q2. What criteria do banks use to approve foreign universities for education loans?

Banks require you to get an admission letter from accredited universities, along with the fee brochure and entrance exam results required for admission. 

Q3. Are there any specific countries where banks prefer to approve universities for education loans? 

Banks approve education loans in many countries, including the US, UK, France, Germany, Ireland, etc.