What are the loan options available for study abroad, and how does the repayment work if I am working while studying?

You have several education loan options for studying abroad, and repayment terms can vary depending on the lender and your work situation while studying.

- Public banks (like SBI, Bank of Baroda): Offer loans up to ₹1.5 crore, with interest rates typically around 10.5 - 11.5%/year. - Private banks (such as HDFC Credila, Axis Bank): Loans up to ₹45 lakh, with interest rates starting from 11%/year. - NBFCs (e.g., Avanse, Prodigy Finance): Flexible loan amounts, often no collateral, interest rates from 11.5 - 12.75%/year.

Repayment usually starts after your course ends, with a moratorium period (course duration plus 6 months). During studies, some lenders require only interest payments or small EMIs, especially if you are earning. Full EMI repayment typically begins after the moratorium, over 5 - 15 years.

Loan terms, interest rates, and repayment rules are subject to change.