What is the interest rate and moratorium period for the education loan for studying abroad?
Interest rates for education loans to study abroad from India typically range from 6.9% to 14% per annum, depending on the lender, loan type (secured or unsecured), and loan amount. Public sector banks usually offer lower rates than private banks or NBFCs.
The moratorium period generally covers your course duration plus 6 - 12 months after completion or until you find a job, whichever is earlier. Interest accrues during this period. Some lenders allow you to pay only the interest during the moratorium to avoid it being added to your principal.
Rates and terms are subject to change. For guidance on your specific case, connect with your LeapScholar counsellor.
More expert answers
Interest rates for education loans to study abroad for Indian students typically range from 8% to 15% per annum.
- Public sector banks: usually start around 8.15% - 9%
- Private banks/NBFCs: generally 9% - 15%, depending on loan type and profile
- Secured loans (with collateral) usually offer lower rates than unsecured loans
Rates depend on factors like loan amount, collateral, co-applicant’s credit, and your chosen course or institution. These figures are subject to change based on lender policies and your financial profile.
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