Abroad Education Loan starting at 8.33%*

Yes, many banks and NBFCs offer collateral-free education loans for students pursuing study abroad programs. Government banks, private banks, and NBFCs provide unsecured loans based on factors like academic performance, university ranking, and co-applicant income.

An education loan typically covers tuition fees, examination fees, cost of books, and accommodation & More!

The interest rates for education loans vary depending on the lender. Government banks generally offer lower interest rates compared to private banks and NBFCs. Factors like loan amount, repayment tenure, and collateral security impact the final rate.

• Government banks: Collateral is a requirement, longer repayment periods but very strict eligibility criteria.
• Private banks: Faster processing, flexible terms, but slightly higher interest rates.
• NBFCs: Provide collateral-free loans, high loan amounts, and quick approval but with relatively higher interest rates.

Several banks and NBFCs provide education loans for students studying abroad, including ICICI Bank, Credila Financial Services (formerly HDFC Credila), Avanse Financial Services, InCred, Axis Bank, Bank of Baroda, Prodigy Finance, Mpower Financing & ManyMore! Each lender has different eligibility criteria, loan limits, and interest rates.