Education Loan Assistance for Studying Abroad
Education loans for Chennai students studying abroad — collateral & non-collateral loans up to ₹1.5 crore from SBI, HDFC Credila, Avanse & more.
Education loans up to ₹1.5 crore — sanctioned before you fly.
We work with 15+ Indian lenders covering both collateral and non-collateral education loans for studying abroad. Our team helps you compare interest rates, processing fees and disbursement timelines — and supports the documentation so your loan is sanctioned before your visa interview.
Lenders we work with
State Bank of India (SBI)
Up to ₹1.5 cr with collateral. Lowest interest rates (~9–11%). Slower processing, strict documentation.
HDFC Credila
Up to ₹65 lakh without collateral for premier universities. Fast disbursal, dedicated study-abroad team.
Avanse Financial Services
100% expense financing — tuition + living + travel. Pre-visa loan sanction supported.
Auxilo Finserve
Premier-university focused. Quick sanction, no margin money for select STEM courses.
InCred & Prodigy Finance
Future-income-based lending — no collateral, no co-signer. Best for top-50 global universities.
Indian Bank, Canara Bank, Bank of Baroda
Mid-range PSU options with reasonable rates. Good for Tier-2 universities & under ₹40 lakh tickets.
Costs your loan can cover
- Tuition fees (paid directly to university)
- Living expenses (hostel, food, transport)
- Travel costs (return airfare)
- Study material, laptop & equipment
- Health & student insurance
- Examination, library, lab & caution deposits
Eligibility checklist
- Admission confirmation from a recognised foreign university
- Co-applicant (parent / guardian) with stable income
- Academic record — 60%+ in 12th / Bachelor's preferred
- Collateral (property / FD) — only for loans above ₹40–65 lakh
- Margin money — 10–15% of total cost from family
FAQs from Chennai students
Can I get an education loan without collateral?
Yes. Non-collateral loans up to ₹65 lakh are available from HDFC Credila, Avanse, Auxilo and InCred for premier universities. Top-50 global universities can access even higher non-collateral limits via Prodigy.
What's the interest rate on study-abroad loans?
PSU banks: 9–11% (with collateral). Private lenders & NBFCs: 11–14% (without collateral). Rates depend on your university rank, course, co-applicant income and loan amount.
Will my loan be sanctioned before my visa?
Yes. Most lenders provide a pre-visa sanction letter once admission is confirmed — required for visa interviews for USA, UK, Canada, Australia and most European countries.
When do I start repaying the loan?
Most loans have a moratorium of course duration + 6–12 months. Repayment begins after you secure employment, typically 6 months post-graduation.
Do you charge a fee for loan assistance?
No separate fee for loan facilitation. We earn a referral commission from lenders, which never affects your loan terms or interest rate.
Get your education loan pre-sanctioned
Speak to our loan specialists. We'll compare 15+ lenders and find the best interest rate for your university and course.
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