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?
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