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.