Can I take an education loan for studying abroad and what are the criteria?

Yes, you can apply for an education loan to study abroad. Indian banks and financial institutions typically offer loans to eligible students pursuing higher education overseas.

Key criteria include:

- Indian citizenship is required.
- Admission offer from a recognized foreign university for a full-time program.
- Strong academic record in previous studies.
- Co-applicant (usually a parent/guardian with a stable income) is mandatory.
- Good credit history (CIBIL score of 700+ preferred).
- Collateral may be required for loans above ₹7.5 lakh.

Loan amounts and terms vary by bank and are subject to change. For detailed guidance and next steps, connect with your LeapScholar counsellor.