Is it possible to get a student loan for my studies abroad and what are the requirements for that?
Yes, you can get a student loan as an Indian student to fund your studies abroad.
Most Indian banks and financial institutions offer education loans that cover tuition, living expenses, travel, and other related costs for recognized foreign universities. Typical requirements include:
- Admission letter from a recognized foreign university
- Academic records (10th, 12th, graduation, post-graduation mark sheets)
- Co-applicant (usually a parent/guardian with stable income and good credit)
- ID and address proof (passport, Aadhaar, PAN, utility bills)
- Co-applicant income proof (salary slips, tax returns, bank statements)
- Collateral for higher loan amounts (above ₹7.5 lakh, subject to change)
- Standardized test scores (like IELTS) if required by the university
Interest rates and repayment terms vary by lender and are subject to change.
Will you qualify for an education loan?
Collateral, co-applicant income and repayment. Check your eligibility in minutes.
More Cost & living questions
- What is the lowest undergraduate tuition fee I can expect to pay at a Canadian university for the 2026 academic year?
- How much would I pay in first-year tuition for the International MBA program at York University, Toronto?
- If I get an education loan, can I proceed with the application after the loan amount is clear?
- Is it better to spend 12 lakhs in India or go abroad for higher studies in Germany for a Master's?
- Does the agency provide end-to-end services including visa, loan guidance, and accommodation?
- Do I need to show living expenses in my bank account for visa purposes, and can I withdraw it after reaching Ireland?
- How do I get an education loan for an MBA abroad as an Indian student?
- Which is more suitable for my son's master's education: Dubai or the USA, considering cost, location, program variety, post-study work options, and pathways to permanent residency?