How Much Education Loan Can I Get
How Much Education Loan Can I Get
Blog Article
Are You Pursuing Education Abroad? This Is Your Maximum Loan Amount
Introduction
How Much Education Loan Can I Get? Global exposure, access to top-ranked universities, and better career prospects make it an attractive option. From tuition fees to living expenses, the total cost can range from ₹30 lakh to ₹1.5 crore or more, depending on the country & university.
But the big question remains: How much loan can you get to study abroad? This article breaks down loan limits, what influences them, & how to plan your education financing in 2025.
How Much Loan Can You Get for Studying Abroad?
It is the amount you can borrow depends on multiple factors such as the lender, whether you offer collateral, & the institution. How Much Education Loan Can I get where I’ve secured admission?
Loan Limits Without Collateral (Unsecured Loans)
| Lender Type | Typical Loan Amount |
| Public Banks | Up to ₹7.5 lakh |
| Private Banks | ₹10 – ₹25 lakh |
| NBFCs (e.g., Avanse, HDFC Credila) | ₹15 – ₹40 lakh (for select institutions) |
Key Factors:
- Requires a strong co-applicant profile
- Limited to top-tier global universities
- Higher interest rates (11% – 13.5%)
Loan Limits With Collateral (Secured Loans)
| Lender Type | Typical Loan Amount |
| SBI (Global Ed-Vantage) | Up to ₹1.5 crore |
| Bank of Baroda | Up to ₹80 lakh |
| HDFC Credila/Avanse | Up to 100% of the total cost |
Accepted Collateral Types:
- Residential Real Estate
- Deposits that are fixed
- Policies for non-agricultural land LIC
Benefits:
- Lower interest rates (8.5% to 10.5%)
- Increased likelihood of approval
- covers all educational costs, including living expenses, travel, and insurance.
What Is Covered by the Loan?
- Fees for tuition
- Cost of living
- Costs of travel and visas
- Travel and health insurance
- Books, a laptop, and other necessary College supplies
Ways to Increase the Loan Amount
- If your course begins during a high-demand period (fall or spring), apply as soon as possible.
- Keep up a solid academic record.
- Select reputable universities with a high rate of employability.
- To compare possibilities from public sector banks, use the Vidya Lakshmi Portal.
Conclusion
Indian students who want to study overseas in 2025 can obtain The amount of an education loan that I can receive ranges from₹7.5 lakh to more than ₹1.5 crore, contingent on the reputation of the institution and the loan's security. How Much Education Loan Can I Get? Secured loans provide better interest rates and greater funds, which are essential for paying for all of the costs associated with studying abroad, while unsecured loans are quicker and simpler for smaller sums.
Your ambition of studying abroad can become financially feasible with careful preparation, the appropriate paperwork, and astute lender selection. Always weigh your options, comprehend the terms of repayment, and select a loan that will help you achieve your educational and long-term objectives. Report this page