Does the government provide education loans of fifty to sixty lakh rupees?
14 Jul 2026 · Answered by Swathi Boppana · 1 min read
Yes, the Indian government supports education loans up to ₹50 - 60 lakh for studying abroad through various schemes.
- Government-backed loans: Schemes like the State Bank of India (SBI) education loan and the PM Vidyalakshmi Scheme offer loans in this range.
- Collateral required: Loans above ₹40 lakh typically require collateral security.
- Terms and eligibility: Loan terms, interest rates, and eligibility criteria vary by bank and scheme and are subject to change.
Still have doubts?
Speak to a LeapScholar expert — free, no obligations.
4.7/5 Google
🎓 25K+ admits
Book Free Counselling Session
Related topics
More Cost & living questions
- Is it better to spend 12 lakhs in India or go abroad for higher studies in Germany for a Master's?
- 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?
- Do I need to show living expenses in my bank account for visa purposes, and can I withdraw it after reaching Ireland?
- What is the minimum budget required for studying abroad in Canada or Ireland for two years?
- Can you provide the best UK university options for a Master's within my budget?
- What are the tuition fees for studying in Germany for a Master's/Bachelor's?
- What do you think are the chances of living a very comfortable life in the UK compared to India considering expenses?
Book a free counselling call
Book Now