Planning to study abroad in 2025 but worried about finances? You’re not alone. With rising tuition fees and living expenses, most Indian students rely on education loans to fund their international education.
This guide breaks down everything you need to know about study abroad loans — from eligibility and documentation to interest rates, loan partners, and the application process.
✅ No burden on family savings
✅ Builds financial independence
✅ Tax benefits under Section 80E
✅ Moratorium period available (pay after studies)
✅ Accepted as visa financial proof
| Provider | Loan Amount | Interest Rate | Collateral Required? | Processing Time |
|---|---|---|---|---|
| HDFC Credila | Up to ₹60 Lakhs+ | 10.25% – 12.75% | Yes | 7–10 days |
| ICICI Bank | Up to ₹50 Lakhs+ | 10% – 12.5% | Optional (case-based) | 5–10 days |
| Axis Bank | Up to ₹40 Lakhs | 10.5% – 13% | Yes | 10–14 days |
| Leap Finance | Up to ₹75 Lakhs (USD-based) | 11.5% – 13.5% | No (for top admits) | 5–7 days |
| GradRight | Multiple banks via 1 portal | Based on lender matching | Depends on lender | 3–10 days |
| Auxilo / Avanse | Up to ₹50–60 Lakhs | 12% – 13.5% | Optional (flexible terms) | 7–10 days |
Requires property, fixed deposit, or third-party guarantee
Offers lower interest rates and higher loan limits
Based on academic profile, co-signer, and university reputation
Higher interest but faster approval
Indian citizenship
Confirmed admission in a recognized foreign university
Co-applicant with stable income (parent/guardian)
Satisfactory academic profile (60%+ preferred)
For Student:
Passport, Admission Letter, Marksheets (10th to latest), IELTS/TOEFL scorecard
For Co-applicant:
ID proof, PAN, Income proof (ITR/salary slips), Bank statements
For Collateral (if any):
Property title deed, valuation report, etc.
Apply 3–5 months before your intake
Choose a lender with prior visa experience for your destination
Get help from a loan platform like GradRight or Leap to compare options
Prepare all documentation in advance
Highlight scholarship or assistantship offers (if any)
At AbroadX, we assist you through every step of the loan process:
📋 Comparing lenders & interest rates
📝 Documentation support
🤝 Direct referrals to loan officers
💼 Tracking your disbursement timeline
📣 Optional help with visa & financial documents
Don’t let finances stop your dreams. With the right guidance and timely action, education loans can fund 100% of your international education — tuition, living, flights, and even gadgets.
Apply early. Apply smart. AbroadX is here to help.
📞 Want Help With Your Education Loan?
Click here to book your free personalized loan consultation with AbroadX experts.