Till what amount can education loans sponsor us?
Education loans for studying abroad can cover up to ₹1.5 crore or more, depending on the lender and your profile. For example:
- SBI Global Ed-Vantage Scheme: up to ₹1.5 crore
- ICICI Bank: up to ₹3 crore
The actual amount you can get depends on your academic record, the course and institution, and your co-applicant’s financial profile. Loans up to ₹7.5 lakh usually don’t require collateral, but higher amounts typically do.
With your strong academic background, you are likely eligible for higher loan amounts, but approval is subject to each lender’s criteria and your co-applicant’s finances.
For personalized guidance, connect with your LeapScholar counsellor.
Cash income, business income or no ITR?
See whether your funds and documents will pass the visa check.
More Student visa questions
- Is a loan sanction letter from the government regulated Indian Bank accepted for a UK student visa application?
- How much bank balance is needed for an Italy student visa after failing math in 12th grade?
- Can I call my husband on a dependent visa after I go on a student visa for my masters abroad in UK/Ireland?
- Is it possible for my son, who is currently in twelfth grade, to study in New Zealand next year for a Diploma?
- Which countries have less strict or different financial requirements compared to New Zealand, especially regarding funding duration?
- Can other family members act as financial sponsors if my father’s income is insufficient in Germany?
- Is it necessary to include a cover letter explaining my financial arrangement, which combines a loan and personal savings, for my German student visa application?
- Can you track an Employment Pass application on the MOM portal when your employer files it?
