For many Indians studying from leading global Universities is a distant dream. We need to ensure we build our profile towards the University requirements and ensure we crack the exams like GRE /GMAT/SAT and ensure our GPA is excellent. Once we are admitted to our dream university we then hit the roadblock to finance the Study abroad. The cost to study in these countries varies as per universities, courses, duration, and the cost of living. We at Edu-loans understand the complexities of attaining education loan for study abroad and therefore we have customized all the overseas education loan online solutions for each county to help and motivate brilliant minds to pursue higher studies in some of the most elite and international environments of the world.

Our customized solutions based on Eligibility, Cost and Convenience for education loan in India and abroad study have made us the most preferred platform to cater to the financial needs of students studying various different courses, in over 1000+ different Institutes, across more than 30 countries. We have over 8000+ students on our platform and we cater to over 1000 students year on year. We make sure that we provide a plethora of education loans for study abroad options within your reach across multiple countries and courses. Our data analytics analyze past trends which rate each financial provider in the parameters of Speed, Clarity and Accuracy. We ensure that you are provided the best hassle service in town to get the most economical education loan for Study Abroad.

IN order to facilitate faster turnaround, we are the first and the only digital platform to build API integration facilities with major banks of India. We provide overseas education loan online wherein we have the applicant completely fill in the entire data and upload the basic set of KYC documents. The overseas education loan online platform is comprehensive using the correct machine learning algorithms to help you ascertain your exact requirements. We are looking to make the entire overseas education loan platform Online and hassle free for the student wherein he would be requiring to fill the basic forms and we would be able to pull out his and his co signors history through PAN card databases. We have managed to reduce the operating time by over 40% for our students. We have managed to get a partial or complete integration with the financial providers wherein we are able to get the loan application logged into the system of major nationalized banks and look to perform the entire process online.

So, fly over your dreams with our easy process for overseas education loan online and adore your goals. We try our best to process your loan applications with utmost importance though our dedicated loan specialist for studies abroad solutions that are designed with industry expertise and extensive research data to assist you through the competitive platform of higher education. Our education loan for study abroad helps you get the key to your dreamland. We have dedicated loan guidance counsellors who not only help you ascertain your eligibility but also help you coordinate with the various banks and financial institutions.

Eduloans aims to provide education loan for study abroad that are tailored around your needs. We also provide solutions to all the hindrances that may come your way as you chase your higher education dreams. We understand the complexities of your educational loan process and therefore we try to hold your hands right from pre-admission loans for proof of funds and pre-visa disbursement loans to visa formalities, keeping in mind the right way to expedite your admission process.

We ensure that you can simply avail education loan for study abroad with our easy process which is sensitive to your needs and requirements. Eduloans help you pass through all the fine print and complex procedures easily to provide you with a swift, positive, and constructive educational loan experience. So simply sign up and start your student loan search today.

The documents required to get an education loan are an admission letter, passport, aadhar card, collateral, and financial stability proof.

The eligibility criteria for applying for an education loan are an admission letter from a recognized university, good academic records, and financial stability.

Banks like SBI, BOB, UBI and ICICI are great for securing education loans for study abroad.

It is quite important to study abroad because it offers various benefits like good academic excellence and better career opportunities.

Yes, you understand the tax benefits on an education loan for studying overseas through Section 80E of the Income Tax Act.

Yes, You can get an education loan without a cosigner or collateral.

Studying overseas is a dream for many but it may exhaust all of your savings and even let you borrow money from your friends and relatives. Further, parents have generally saved the money for their retirements and you looking to use the corpus for your education creates a stress in the family. Our Overseas Education Loan Online Features will help you get a chance to keep your savings with you for safeguarding your future and take advantage of our simplified procedure for education loan for study abroad at competitive interest rates.

We believe that education loan in India for study abroad are an integral stepping stone in all the student’s efforts to achieve their dreams. Therefore, we offer you to be a primary applicant of your loan and be proudly accountable for your education and give a stress-free experience to your parents. We also believe that education loan for study abroad are the significant investments in the knowledge that will help you to bear the fruits of it for the rest of your life and help you get a better future.

Financial lenders for study abroad education loan look at a range of criteria before deciding on the parameters of the overseas education loan such as the security involved, rate of interest, and processing fee. Let's look at a few major criteria in detai

1. Student Profile – The Financial lenders for overseas education loan look at the marks scored by the student in his previous years of graduation. His GPA does make an impact on the terms of his overseas education loan. The banks then also look at scores in competitive exams such as GRE/GMAT for student loan for abroad. The third criteria is the course which the student is planning to study abroad. Financial institutions prefer STEM courses which have greater job prospects. The fourth and which probably is the most important criteria is the university which the student is seeking his higher studies abroad. The better rank the university the greater of his chances for a non-collateral loan, better interest rate, and lower processing fees/insurance charges. The last but not the least country with the student goes to is also prime criteria for overseas education loan. Countries with greater stay back option or higher chances of settlement such as USA, Canada, Australia have more liberal terms than countries like UK, Ireland etc.
2. Parent profile – The first thing which the financial lenders ascertain is the parent is self-employed or Salaried. Generally, for overseas education loan, the parents which are salaried have higher chances of getting a better term on the loan than the parents who are self-employed. The major criteria which the banks/financial institutions look at for study abroad education loan is the Income tax return for the last 2/3 years, CIBIL score, Years since retirement, Net worth of the parents/family. In most of the cases study loan for abroad is based on the future income potential of the student and some criteria are waived by looking at the earning prospect of the student.
3. Collateral profile – Most financial institutions/lenders for study abroad education loan requires you to provide a collateral. The most common collateral for overseas education loan is mortgage of residential property. Other forms of mortgage of commercial property, land is also considered however agriculture land is not considered as form of a collateral security for Study abroad education loan. Liquid assets such as cash, gold, shares, insurance policies are as well taken as securities by certain financial institutions.

The above three are the major financial para meters which a financial institution considers while providing an overseas education loan to potential aspirant. At Eduloans you are well versed with the eligibility criteria as of each overseas education loan provider and we guide you to the most suitable Financial lender there by providing you the best in terms of cost and convenience.

The maximum amount of overseas education loan which a student is eligible for is a combination of three factors. What is the bank calculating is the eligibility as per each of these criteria us and will select the lowest eligible for your education loan? It is not necessary that all financial lenders look at every criterion but for our understanding we look at all three.

1. Loan to value – The maximum study abroad education loan generally for a secured loan is based on the property value and ranges between 80 - 100% of property value.
2. Margin money– In case of a secured loan most of the banks require you to provide a margin money between 0 to 20%. This means that the only fund up to 80% of your cost of education. In certain cases, for Unsecured study loan for abroad is based on your profile and can range between 20 lakhs to 50 Lakhs.
3. FOIR Ratio - Fixed income obligation ratio is the free cash flow you have for the repayment of EMI. The bank calculates your maximum repayable EMI over the tenure of 10 years to determine maximum eligibility.

We at Edu loans can help you understand your eligibility based on all the three parameters for all our 15+ lenders. We are well equipped and will help you ascertain the best overseas education loan provider based on your Eligibility and needs.

You can get education loan for study abroad in India for any full-time course abroad. This would include diplomas, bachelors, post graduate diploma and master’s degree. For each of these course’s lenders would have different criteria in terms of interest rates, security involved and processing fees. Generally, you would get the best terms for master and the most secure loan for diplomas. In many cases the cosigner's profile and financial standing is also taken into consideration to determine the eligibility for the overseas education loan.

In order to expedite your study abroad education loan it is handy to understand the eligibility as well as the basic documents required.

1. Students Document required – Generally students educational documents such as marksheets, competitive score cards such as GRE/GMAT, English eligibility scores such as IELTS/TOEFL, admission letter which would have course, fee structure and university details. Students are also required to give KYC documents such as Aadhaar card, PAN card and passport for processing loans for students studying abroad.
2. Co-signer/Parents documents – Banks/ Financial providers would require financial documents such as last 2/3 years IT returns, CIBIL score, salary play slips, business license such as Ghumsta, MSME etc. In order to process overseas education loan in India you are also required KYC documents of the parents/ Cosigners which include PAN card, Aadhaar card as well as address proof such as light bill or phone bill.
3. Collateral required – In case you are looking at collateral loan you would require the chain of property with proper OC and CC. In case of Gold, Shares etc. proper deposition and lien marking would be required for your study abroad education loan.

We at Eduloans are digitally integrated and through our platform when you upload these documents they would be directly sent to financial institutions. We have successfully reduced Turnaround time by 50% for all our study abroad education loan partners.

Education loan in India for Study Abroad in the last decade has become very flexible and is heavily based on the earning potential of the student. We at Edu loans are the most comprehensive education loan platform which you will be find in the market. Let's look at all the options which are available on the platform.

1. Collateral loan – All financial lenders for overseas education loan really provide collateral loan. This means that take tangible assets like residential property, collateral property, Mutual funds, shares, insurance policies, gold etc as a security for study abroad education loans. Generally collateral security is a requirement for loans from students studying abroad for nationalized banks like State Bank of India, Bank of Baroda and cooperative banks like Saraswat bank. In case of collateral loan the student profile is not so important and students with low academic grades can get a collateral loan based on eligible cosigner profile and Valid Collateral. Generally, these loans are cost-effective which means they have low interest rates as well as lower processing fee than other types of loans. They generally take longer as there is more paperwork as well as mortgage of the property involved.
2. Non-collateral loan – A Non-collateral loan is an overseas education loan which only takes an intangible security in the form of the personal guarantee of the cosigner. This is study abroad loan is provided by private banks such as ICICI, Axis as well as all the leading NBFCs such as AVANSE, HDFC Credila, INCRED, AUXILO. They generally provide unsecured loans to student’s study only masters abroad in selected countries. Student profile is of prime importance and the students competitive score like GRE/GMAT, Course of study (stem/non-stem) as well as the country of education (Better Stay Back Opportunities) is taken into consideration while giving the loans.
3. Non-cosigner loans – Study loan for Abroad is provided by certain international funds like MPOWER and PRODIGY. They provide loans purely based on the university and course of the student. These financial institutions generally fund MBAs from top global universities as well as Masters from leading engineering universities. They completely rely on the students earning post the program. They are comparatively more expensive than collateral and non-collateral overseas education loans as they are priced in USD. They also have a very high component of processing fees which is generally camouflaged by amortization.
4. US bank loans – In countries such as US and Canada local banks provide international student loans provided you have a valid cosigner in the country. The cosigner should be a permanent resident or a citizen for you to avail the loan. This study abroad education loans are very economical and generally do not carry any processing fees.

It is correctly said that God lives in details. We at Edu loans with our years of expertise as well as in-depth knowledge with regard to study abroad education loans available in the market we can successfully decipher the best available overseas education loan options. On the face, for a collateral loan - State bank of India, Bank of Baroda as well as Saraswat Bank would look to be similar if not same with interest rate between 8 to 8.5%. When you look at these loan options you would not realize that bank of Baroda has a preferential list of universities which provide you hundred percent funding on education loan as well as refundable processing fees. SBI strength lies in its reach and sites in for remote locations it is one of the best banks to deal with. Saraswat bank is comparatively a nimbler bank and has faster turnaround. While dealing with Edu loans do not only know which bank for study loan for abroad but also will be expedited in the process yes, we are digitally connected with the lenders.

In case of non-collateral loan HDFC Credila, AVANSE, INCRED and AUXILO have similar pricing and study abroad loan terms. We have taken past ratings of region wise relationship manager of the service quality as well as know the inherent strengths and comforts of these financial lenders for ascertaining best education loan in India for Study Abroad. While AVANSE has the broader scope of products, HDFC Credila provides the best interest rates for a stem US graduate with score above 320. These insights gain through years of expertise in handling over thousand plus students is shared with students for their own benefit.

On the face of it international funds have zero processing fee as they do not charge them upfront. However, Edu loans will let you know that each of these lenders have between 4% – 6% processing fees which is to be amortized over the tenure of the study abroad loan thereby making them the most expensive in terms of processing fees.

This insights and knowledge help get you the best deal in terms of Overseas Education loans. We are the first platform to focus on digital integration and provide you fast and seamless service. Connect with our dedicated education relationship manager today to understand most suited Overseas education loan based on your Eligibility, Cost and Convenience.

We have designed a fast, transparent, and hassle-free application process for overseas education loan online while taking you seamlessly through the entire process without any glitch. Follow the below process to get the easiest education loan in India to study abroad at best interest rates.

1. Applying for a Loan: Get your Eligibility ascertained by our dedicated loan guidance counsellor. Once you register on our website our dedicated loan guidance counsellor would call you and understand your profile. The three basic things to understand
   • Student Profile - The Student profile includes Grade Point Assessment, score in competitive exams like GRE/GMAT etc., Course of Study, University of Study and Country of Study.
   • Co-signor profile and Availability - The co signor profile is taking into consideration the Gross salary of the co-signor. Multiple Co-signors can be considered for overseas education loan but the same need to be the first Kin which means real brother sister etc. It’s important to understand the expense and existing mortgages of the co signor. In most cases the future income of the student is taken part of the family income. However, a few financial providers only consider the Co signor and hence work in the concept of Fixed Income Obligation Ratio.
   • Collateral Profile and availability - The Financial institutions use collateral as security for providing overseas education loan for study abroad. The security could be a property in the form of residential, commercial or land premises. It can also be against shares, gold etc. All financial providers give between 60% to 100% of the security value.
   At Edu loans the dedicated loan counsellor would first understand your requirements and look at your profile (Student, Co-signor & Security). We would be able to judge the eligibility for your profile for education loan for study abroad and provide the best solution in terms of Cost and Convenience.
2. Potential - Once we have ascertained the eligibility, we then proceed onto completing your application. We provide the entire list of Documentation as well as complete the application with speed as we have partially or completely integrated our system with the financial providers
3. Application Review - Once the documents are submitted, we completely help you in liaison with your study abroad options to various eligible options.
4. Provisional Offer - Once all the documents have been submitted, we help you with the provisional offer for the student. Generally, we ensure the student has multiple offers so that he can choose the best one in term of cost.
5. Providing your documents - Once you have ascertained the one offers you are going ahead; we would help you in completing the disbursal documentation.
6. Disbursement - Once the disbursement has been submitted, we can look to provide you disbursement.
7. Study and Grace period - We guide you through any query on study and grace period. General the financial providers may/ may not change the interest rate. We help you keep the best interest rate possible.
8. Loan repayment - The loan repayment starts as soon as you get a job or 6 months/ 1 year from the end date of the course.

Overseas education loan seems to be a very simple product which has 2/3 points to compare. Processing fees, interest rates, and Loan-amount seem to be the only one for education loan in India for study abroad. As students we do not understand the nitty and gritty of our Study abroad education loan terms. Let's delve a bit into their details so that you can meet the correct knowledge based on your expectations.

1. Fixed Income Obligation Ratio (FOIR) - FOIR determines the overall eligibility in terms of the amount of the study loan for abroad. It is the free income available to an individual after deducting all the present loans from the income. The maximum EMI is slated to be around 50% of the free cash flow for the student. This is used by NBFCs to determine maximum eligibility for Unsecured Study abroad education loan.
2. Interest Moratorium - In the study abroad education loan while it is given that the principal repayment of the study abroad education loan will start when the student starts to earn that is after the ending of the course with a suitable moratorium period of 6 months to 1 year. However, the interest which is accrued during the time the students is either paid partially, fully or accrued depending on the lender. Generally nationalized banks for overseas education loan have complete accrual of the interest rates, the NBFCs provide partial and private banks require you to service the interest accrued.
3. Loan to Value (LTV) - Generally in case of collateral study abroad education loan banks provide you a particular percentage up to the collateral value. For NBFCs they can provide overseas education loan up to hundred percent of collateral value whereas for nationalized banks it is generally limited between 80% to 100% for Study abroad education loan in India. In case the collateral value is very close to the required amount it is advisable to go with NBFCs.
4. Margin Money- Margin money is a concept wherein banks ask you to put a percentage of your cost of Overseas education compulsory for you to fund the remaining part. The same is called margin money and can range between 0 to 20% of your total study abroad education loan value. It is generally required that the margin money be present at every tranche of disbursal and hence for a prospective student you need to have the required money to pay in every tranche. Generally, for education loan in India for Study abroad nationalized banks like State bank of India and bank of Baroda are comparatively particular about margin money versus NBFCs which are do not require margin money for the release of the tranche of the payment.
5. Processing Fees - The processing fees is an important component for an overseas education loan. The processing fees can be charged upfront which means that you have to pay the fees while taking the sanction letter, can be amortized which means that the fees is charged every year as a percentage or fixed amount of your loan repayment value or can be refundable which means that the fees is refunded on the first tranche of disbursal. Every lender for Study abroad education loan has various terms and conditions with regard to the processing fee and the percentage. The same can range from no processing fees to 6% of the overseas education loan amount. At Edu loans we understand the internet and financial aspect of the processing fee and will guide you to the most economical loan option you have.
6. Insurance- Insurance is a cost which is incurred while you take an overseas education loan. Study abroad education loan especially in case you're taking a loan collateral one has generally 3 to 4 insurances involved. The first insurance is the life insurance of the student, where in case due to untimely death the money will be recovered from the insurance company. The second insurance is the life insurance of the parent wherein again due to untimely death the money shall be recovered from insurance company. The third insurance is generally property insurance against damages of property due to fire, earthquake etc is covered under this insurance. The last but not the least is insurance charged due to partial interest fee. Cumulatively these insurances can become between 5 to 10% of your Overseas education loan value and hence they are significant in terms of financial cost. We at Edu loans understand the criteria is for each lender and guide you to the most economical option.

Education is the most important investment one makes in life. Higher studies and specialization in certain fields call for additional financial support from time to time. Eduloans have worked with various financial institutions in India to create awareness to the next generation of customers and provide services at their convenience. We have collaborated with all these institutions to create a centralized system that reduces the processing time of the collateral based education loan for study abroad. Some of the banks that have shared their services with us are

Our Overseas education loan online offers many valuable advantages some of which are:

1. We ensure you get the right and transparent information at your convenience
2. Our dedicated loan counsellors ensure that you are provided individual guidance and we help check your eligibility with various financial providers.
3. We help in Faster Loan Processing and Help On Negotiations for Rate Of Interest and Processing Fees with all our lenders. We know exactly the rate provided for overseas education online and education loan in India for study abroad.
4. We have partially or completely integrated our system where in we look to provide Hassle-free and Student Friendly Online Process for your Benefit / Convenience. We have reduced our turnaround time by 40%.
5. We have Dedicated Loan Relationship Managers (RM's) to service students even from the Financial service providers end. We have service providers in each city to help service the loan.
6. We help you get the Most Flexible Global / Local Interest Rates, Processing Fees and Other incidental expenses.
7. We hereby ascertain the most Convenient Mortgage-able Security which would best satisfy your education loan for study abroad.
8. We reduce the turnaround time by ensuring stringent follow ups on the loan status and ensure you get timely delivery.
9. We ensure you get the Least Remittance / Forex Charges from your loan provider.
10. We ensure our dedicated loan relationship managers give personalized Attention to every student

• Dedicated professional education experts available for students counselling.
• Customized and flexible overseas education loan online as per students’ requirements.
• Quick and easy education loan for study abroad processes.
• Model-Based Financing.
• Availability of structured education loan for study abroad repayment options.
• Comfortable tenures
• Completely Digital or Semi Digital process for education loans.

Edu loans is the most comprehensive market place you can find for education loan in India for Study abroad. We have the greatest number of financial lenders compared to any other overseas education loan platform. We have nationalized banks such as State bank of India, Bank of Baroda, Saraswat bank. We have private banks such as ICICI Bank, axis and IDFC First bank. We have all the four major NBFCs which include HDFC Credila, AVANSE, INCRED and AUXILO. We also have international funds like Mpower, Prodigy and Leap finance. We are the only ones who have US banks such as Citizens, Sallie Mae, Ascent on our platform. We are unbiased in comparison and do not get swayed by the commission structures offered to us by these financial lenders. We do not push any one lenders study abroad education loan. Our first and primary interest is that the student gets the most effective overseas education loan based on his eligibility thereby getting the most effective cost option with maximum convenience. We also are providing you an indicated rate when you process the application through us and you would get an unbiased comparison between all the partners on the platform from a dedicated overseas education loan counsellor. This service is most beneficial for deciding best education loan for abroad and will reduce your own time to select the best overseas education loan for you. Further, we are a free platform and hence you do not pay anything additional for going to us to the financial lenders.

Eduloans help the students get Education loan for study abroad based on many parameters like student’s education background, collateral status, parent’s financial status, and family income. Our loan options are also customized on the basis of the student’s requirements and needs and many other factors like:

1. 1. Loan Amount: It is important to know that Indian Government banks provide only secured loans while private banks can provide unsecured loans upto a certain limit and secured loans to any limit. For instance, SBI provides secured loans above 20 lakhs upto 1.50 crore while HDFC credila can provide unsecured loan upto 40 lacs and unsecured loans upto any amount.
2. 2. Percentage of Loan Against Collateral Provided: The percentage of education loan for study abroad against collateral property varies with different financial institutions. For example Axis Bank provides loan upto 65 to 85 percent of the amount of the collateral property shown, 90 percent of the FD value, and 50 percent of the LIC, government bonds, and current portfolio value. On the other hand, Avanse provides loans upto 70 percent of the total amount of the property shown and 100 percent of the FD value.
3. 3. Student Profile: For some financial institutions like InCred, it is important that the students have less than four KTs in their bachelor’s as they give more importance to students education background. There are many banks like ICICI Banks where this parameter is not taken into consideration.

There are many other factors like Collateral property, Incidental Cost, Interest Rate, Moratorium Period, Interest Rate during Moratorium period, Turn Around Time, Processing Fees, MArgin Money, and Balance Show of funds which plays an important role in customizing education loan for study abroad for students. These factors also depend upon the requirements and preferences of the students. Based on these factors and your needs, we make sure to customize the best loan option for you so that you can sign in to an easier and hassle-free application process.

I had a great experience with edu loans. Right from applying for the loan to getting the amount disbursed they help you out at every stage. Call them anytime and they'll pick it up. Highly recommended!

- Rohan Mudgalkar

Eduloans have given me the best service to get my educational loan. I personally thank Manasi Bandre for helping me throughout the process without any delays. It is the best platform to get help from for your loans. Thank you.

- Anchita Mirwankar

I applied for my education loan for my higher studies in US through eduloans as my previous loan application got rejected last minute. Jenny Ma'am helped me out through everything and got my loan sanctioned within a few weeks so that I could be ready for my visa interview. Couldn't have asked for a better service :-). Very reliable.

- Kshama Kumar

Had a great experience with Eduloans! Rakesh Sir was extremely supportive and patient throughout the process, he kept regular follow ups with me and the bank as well. The entire loan process was very smooth because of his constant guidance. Thanks a lot Eduloans 💯

- Prajakta Ghumatkar

My loan process was handled my Mr. Ranbir and I really appreciate his efforts. He kept giving me time to time updates and was always there when I had any queries or doubts and cleared my every single doubts.Thank you for all your support keep it up.

- Shantanu Kadam

• State Bank of India - SBI is the leader in the education loan segment having the widest reach in the country. They provide loans at very competitive rates ranging from 20 lakhs to 1.5 crores under the SBI Global Edvantage scheme.
• Bank Of Baroda - Bank of Baroda is one of the few nationalized banks which have integrated the process with us and have special offers of 0.75% margin reduction for students who have secured admission in leading Universities.
• Axis Bank - They have a very aggressive loan portfolio with very low processing fees and University/ Course centric unsecured options.
• ICICI Bank - They provide unsecured loans based on university and course criteria and the co signor profile .
• HDFC Credila - They are the largest NBFC offering Overseas loans for study abroad. They are very competitive in MS in USA study abroad options.
• Avanse - Avanse has a wide range of education loan options for all countries and provides competitive unsecured loans.
• Prodigy - Prodigy looks to provide unsecured loans to students studying in leading global universities. They have personalized interest rates and have a moratorium period
• Mpower - They look to provide unsecured loans to over 330+ universities where in the rate is fixed and they do not differentiate between Universities.