What is the typical interest rate for education loans for studying abroad?

Interest rates for education loans to study abroad in India typically range from 8% to 15% per annum, depending on the lender and loan details.

- Public sector banks: Rates usually start from 8.25% - 8.5%/year for overseas education.
- Private banks: Rates generally begin at 9% - 10.5%/year, with secured loans offering lower rates than unsecured ones.
- NBFCs (Non-Banking Financial Companies): Rates often start from 11.25%/year, depending on your profile and chosen university.

Rates are influenced by factors like collateral, loan amount, co-applicant profile, and the university/course. These figures are subject to change based on lender policies. For guidance on choosing the right loan, connect with your LeapScholar counsellor.

Interest rates for education loans to study abroad typically range from 8.65% to 15.20% per year as of July 2026, depending on the lender, loan amount, course, and whether collateral is provided.

- Public banks: 8.65% - 10.85% (collateral often required above ₹7.5 lakh)
- Private banks/NBFCs: 9.00% - 15.20% (collateral and rates vary)
- Some banks offer concessions for female students or specific courses

These rates are subject to change and can vary based on your credit profile and chosen program. For a personalized quote, please connect with your LeapScholar counsellor.