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Is partial funding through bank loan and family savings planned for education expenses?

31 Jul 2026 · Answered by Pallavi Attri · 1 min read
Pallavi Attri
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Yes, combining a bank loan with family savings is a common and effective way to fund your education abroad. This approach allows you to use family savings for upfront costs and cover the remaining expenses with a loan, helping to manage your overall financial burden.

You can typically use:
- Home-country education loans from Indian banks, which may require a co-applicant and sometimes collateral.
- International lenders like Prodigy Finance or MPOWER Financing, which usually do not require a co-signer or collateral.

Loan terms, interest rates, and eligibility are subject to change, so review current options before applying.

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