Are education loans available for funding my studies for a Bachelor's?
Yes, education loans are available to fund your studies abroad.
You can apply for loans from public banks, private banks, or NBFCs (non-banking financial companies) in India. Typical loan amounts range from ₹7.5 lakh to ₹2 crore or more. Loans up to ₹7.5 lakh usually do not require collateral; higher amounts often do.
- Interest rates: Usually between 9% - 11.5% per year (subject to change)
- Repayment tenure: Up to 15 years (subject to change)
- Eligibility: Confirmed admission to a recognized foreign university, academic qualifications (10+2+degree), and a co-applicant (often a parent or guardian) are commonly required.
Based on your profile - a four-year bachelor's in Mechanical Engineering, 7.3 CGPA, and 48 months of work experience - you are well-positioned to qualify.
For personalized guidance on loan options and the application process, connect with your LeapScholar counsellor.
Which scholarships can you actually get?
Matched to your CGPA, course and budget. Find out in 30 seconds.
More Scholarships & funding questions
- By when should my HEP point be completed, should it be this month to avoid delay in UK?
- If I apply to two courses at the same university, do I need separate letters of recommendation for each course or can I use the same letter for both?
- Is Germany the best first priority country for my course and career scope for a Master's?
- Which universities in the USA offer MS Engineering Management for a B.Tech Automotive Engineering graduate, Duolingo 120 and ₹80 lakhs budget?
- Can I pursue an MBA abroad after completing a Bachelor of Science degree?
- Is it possible to get a fully funded scholarship if he scores seven or above (seventy percent) in the third year in Germany?
- How do US universities evaluate Indian LLM applicants differently from UK or European law schools?
- What is the fee range for a one-year MBA course compared to a two-year course in UK?