From Dream to Degree
Finance Your Future Abroad
How to apply Education Loan
Get step-by-step guidance to apply for an education loan in India and fund your overseas education with confidence.
1
Choose Your Course & University
Secure admission or a conditional offer letter from a recognized foreign university.
- Confirm course duration and tuition fees
- Check university ranking and accreditation
- Ensure eligibility requirements are met
2
Estimate Total Expenses
Calculate the complete cost of studying abroad to determine the loan amount needed.
- Tuition fees
- Living expenses (accommodation, food, transport)
- Travel & visa costs
- Insurance and study materials
3
Check Your Eligibility
Make sure you meet the eligibility criteria of banks or NBFCs for education loans.
- Must be an Indian citizen
- Strong academic background
- Co-applicant (usually parent/guardian)
- Collateral may be required for higher loan amounts
4
Choose the Right Bank or NBFC
Compare different banks and NBFCs to select the loan that best suits your needs.
- Compare interest rates & fees
- Check repayment options and moratorium period
- Popular providers: SBI, HDFC Credila, Axis Bank, ICICI Bank, Avanse
5
Prepare Required Documents
Gather all necessary documents to ensure a smooth loan application process.
- Admission/Offer letter from university
- Academic transcripts and certificates
- KYC documents (ID, address proof)
- Income proof of co-applicant
- Collateral documents (if required)
6
Apply for the Loan & Get Approval
Submit your application online or at the bank/NBFC branch.
- Bank verifies documents and eligibility
- Loan is sanctioned and disbursed as per university requirements
- EMIs start after the moratorium period (usually after course completion)
