Compare Education Loans from 20+ Banks for USA, UK, Canada, Australia & 50+ Countries
Check if you qualify for an education loan for studying abroad. Most lenders have flexible criteria.
Must have confirmed admission to a recognised foreign university with valid offer letter.
Age criteria varies by lender. Most public banks allow up to 35 years. Some NBFCs are flexible.
Minimum 50%+ in qualifying exam (10th / 12th / Graduation). Higher score = better terms.
Parent or spouse as co-applicant with stable income is required for most public bank loans.
Property, LIC policy, or FD required as security for public bank loans above ₹7.5 Lakh.
NBFCs and global lenders like Mpower & Prodigy offer unsecured loans without Indian co-applicant.
Loan Coverage
Education loans cover almost every major expense you'll face while studying abroad.
Types of Loans
Three distinct categories of study abroad loans — choose based on your situation.
Offered by public banks (SBI, PNB, BOB, Canara). Higher amounts (up to ₹1.5 Cr) at lower ROI. Requires property, LIC policy, or FD as security.
Offered by NBFCs (Avanse, Auxilo, InCred, Poonawalla, Tata Capital) and private banks (IDFC FIRST, Axis). Faster processing. Higher ROI than secured loans.
Mpower Finance and Prodigy Finance offer USD-denominated loans to Indian students without requiring an Indian co-applicant or collateral. Disbursed directly to the university.
Lender Comparison
Compare rates, limits, and collateral requirements from 15+ lenders on one platform.
| Bank / NBFC | Type | Max Loan | Collateral | ROI (Approx) | Processing Fee |
|---|---|---|---|---|---|
| SBI Global Ed-Vantage | Public Bank | ₹1.5 Cr | Required | 10.15% p.a. | ₹10,000 |
| PNB Udaan | Public Bank | No cap | Required >7.5L | 10.00% p.a. | As applicable |
| Bank of Baroda | Public Bank | ₹80 L | Required >7.5L | 9.70% p.a. | 1% of loan |
| Canara Bank | Public Bank | ₹40 L | Required >7.5L | 10.50% p.a. | 0.5% |
| ICICI Bank | Private Bank | ₹1 Cr | Optional | 11.00% p.a. | 1–2% |
| Axis Bank | Private Bank | ₹75 L | Optional | 13.70% p.a. | 1.5–2% |
| IDFC FIRST Bank | Private Bank | ₹50 L | Not Required | 10.50% p.a. | 1–1.5% |
| HDFC Credila | NBFC | No Cap | Required >20L | 11.50% p.a. | 1–1.25% |
| Avanse Financial | NBFC | ₹75 L | Not Required | 11.00% p.a. | 1–2% |
| Auxilo Finserve | NBFC | ₹75 L | Not Required | 11.50% p.a. | 1–2% |
| InCred Finance | NBFC | ₹60 L | Not Required | 12.00% p.a. | 1.5–2% |
| Tata Capital | NBFC | ₹50 L | Not Required | 11.75% p.a. | 1–2% |
| Poonawalla Finance | NBFC | ₹50 L | Not Required | 10.50% p.a. | 1–2% |
| Mpower Finance | Global | USD 1,00,000 | Not Required | 12.99% p.a. | 5% |
| Prodigy Finance | Global | USD 2,20,000 | Not Required | From 8.70% | 5% admin fee |
Study Destinations
We support loans to 50+ countries. Here are the most popular ones among Indian students.
Free Eligibility Check
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Frequently Asked Questions
We've compiled a list of frequently asked questions to provide you with quick and helpful answers. If you have a question that is not addressed below
Up to ₹1.5 Crore from SBI and Credila (with collateral). Up to USD 2,20,000 from Prodigy Finance (without collateral). EduLend helps you determine the right lender for your loan amount.
Yes. Under Section 80E of the Income Tax Act, the entire interest paid on an education loan is deductible from taxable income for up to 8 years.
The moratorium period is the course duration plus 6–12 months after course completion. You are not required to repay principal during this time, though interest may accrue.
Yes. Through EduLend, you can apply online, upload documents digitally, and track your application without visiting a bank branch.