Are there loan opportunities available for students planning to study abroad?
Yes, there are education loan opportunities available for students planning to study abroad.
You can choose between collateral (secured) and non-collateral (unsecured) loans:
- Collateral loans: Higher loan amounts (up to ₹1.5 crore or more), lower interest rates (typically 8.5% - 10.5%/year), but require property or assets as security.
- Non-collateral loans: Up to ₹75 lakh without security, higher interest rates (usually 11% - 14%/year), and faster processing.
Eligibility usually includes admission to a recognized foreign university and a co-applicant with a good credit history. Loan terms, interest rates, and approval processes vary by lender and are subject to change.
Will you qualify for an education loan?
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