If the total cost goes above 80 lakhs INR, will I need to take an education loan?
27 Aug 2026 · Answered by Soorya Sudheer · 1 min read
Yes, if your total education expenses exceed ₹80 lakh, you will likely need to take an education loan to cover the gap between your funds and the total cost.
- Banks typically offer loans up to ₹1.5 crore for overseas studies, but the approved amount depends on your eligibility and the bank’s policies.
- Collateral is usually required for loans above ₹7.5 lakh, such as property or fixed deposits.
For large loan amounts, consult your bank or a financial advisor to understand your specific options, collateral requirements, and repayment terms.
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