Is it possible to take a loan for funding my studies for a Master's?
Yes, you can fund your master's studies abroad with an education loan.
Indian banks and NBFCs (Non-Banking Financial Companies) offer loans for international education, covering tuition, living expenses, and travel. Typical requirements include a confirmed admission offer, a co-applicant (often a parent or guardian), and sometimes collateral, depending on the loan amount.
Interest rates and repayment terms vary by lender and are subject to change. Some international lenders also offer loans for Indian students, sometimes without the need for collateral or a co-signer.
For guidance on choosing the right loan option, connect with your LeapScholar counsellor.
More expert answers
Yes, you can fund your studies using both personal savings and an education loan. This is a common approach for Indian students pursuing a master's abroad, as it helps lower the loan amount and reduces future repayment and interest.
Combining personal funds and loans can also help you meet visa financial requirements. However, the accepted mix of funds and documentation can vary by country and may be subject to change.
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