What are the chances of getting a loan for studying abroad?
Yes, getting an education loan for studying abroad is possible for Indian students if you meet key eligibility criteria.
- Indian citizenship is required.
- Academic record: Most banks look for at least 60% in your previous degree.
- Confirmed admission to a recognized foreign university is needed.
- Co-applicant: Usually a parent/guardian with a stable income and good credit score.
- Loan amount: Typically up to ₹1.5 - 3 crore, subject to change by institution and course.
- Collateral: Loans above ₹7.5 lakh often require collateral; lower amounts may be unsecured.
Your chances improve with a strong academic profile, confirmed admission, and a financially stable co-applicant. For personalized guidance, connect with your LeapScholar counsellor.
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?