How To Take Education Loan From Bank To Study Abroad

The Government Of India Has Provided The Facility Of Education Loan For All The Students To Pursue Higher Education Abroad, Through Which You Can Do Your Further Studies Smoothly, Every Student Who Wants To Pursue His Dream. Wants To Fulfill, Can Easily Get Higher Education, Parents Also Get A Lot Of Help From This, So That They Are Sure For Their Children's Fees, If You Also Take Education Loan From Bank To Study Abroad If You Want, Then We Are Telling You About It In Detail On This Page.

Bank Loan Eligibility

  • 1. The Age Of The Student Must Be Between 16 To 35 Years.
  • 2. He Should Be An Indian Citizen.
  • 3. Admission Has Been Confirmed In The Institute Or College.

Loan Expenses

Under The Loan, You Will Get School, College And Hostel Fees, Equipment, Instruments, Library And Laboratory Fees, To Buy Uniform, Study Tour, Project Work, Travel Expenses For Studying Abroad, Thesis Etc

Required Documents

  • 1. Identity Proof Of The Student.
  • 2. Age Proof 
  • 3. Academic Record And Address Proof.

4. The Proof Of Their Income And Address Is Submitted To The Guardian Or Parents Of The Student Taking The Loan.

5. It Is Very Important To Have A Copy Of The Admission Letter Of The Institute In Which You Want To Take Admission.

6. Visa Approval Of The Student Going For Abroad Study.

7.copy Of Test Scores And Travel Documents Of Gre, Gmat Etc. Have To Be Submitted

8. The Bank From Which You Want To Take Education Loan, It Is Necessary To Have A Bank Account In That Bank, Which Makes It Easy For You To Take Loan.


Most Banks Do Not Require A Guarantor For Loans Up To Rs 4 Lakh, But For More Than That You Need A Guarantor, You Can Make Your Parents Or Relatives A Guarantor Whom The Bank Trusts, Most Banks 5 To 15 Lakh Rupees For Studies In India And 20 To 25 Lakh Rupees For Studies Abroad Are Given, With The Help Of Guarantor, Loan Is Easily Available From 4 To 7.5 Lakh Rupees, But More Than This Loan For This, The Bank Deposits Your Property Papers As Security.

Rate Of Interest

1. The Interest Rate Of All Banks Is Different, The Interest Rate On Educational Loan Is Mostly 11 To 14 Percent, But Some Banks Charge Even More Interest, In Addition To This, Many Banks Provide Interest Rate Discount For Girl Students.

2. Many Banks Also Charge A Processing Fee Of Up To Two Percent On The Loan Amount.

3. Tax Exemption Is Provided Under Section 80-e Of The Income Tax Act 1961 On Interest Payment Of All Types Of Student Loans.

Here We Told You About How To Get Education Loan From Bank To Study Abroad, If You Have Any Kind Of Question Related To This Information, Or Want To Get Any Other Information Related To It, Then Comment Box. You Can Ask Through Us, We Are Waiting For Your Feedback And Suggestions.

Best Banks In INDIA 2022

Banking sector in India is very strong, financial and market capitalization includes public sector banks and private sector banks. Here is a list of the top 17 largest banks in India in terms of revenue, branches and total assets.

State Bank of India

State Bank of India is the largest bank in India and one of the largest corporations in the world. SBI Bank is also one of the largest employers in the country and the most trusted bank in India. It is also listed among the top 10 largest companies in India by revenue.

Punjab National Bank

Punjab National Bank is one of the big four banks in India that provides multinational banking and financial services. PNB has got the privilege of handling the accounts of the oldest private sector bank as well as national Indian leaders!


ICICI Bank is the second largest bank in India and also has subsidiaries in Canada, United Kingdom and United States of America. Its name in Hindi is Industrial Credit and Investment Corporation of India.

Bank Of Baroda

Bank of Baroda is a multinational Indian bank, owned by the Government of India and one of the largest lenders in the country. Bank of Baroda became the third largest bank in India after the merger of Vijaya Bank and Dena Bank.

Canara Bank

Canara Bank is listed as one of the oldest banks in the Government of India as well as one of the largest public sector banks and has more than 3600 branches in countries other than India!

HDFC Bank (HDFC Bank)

HDFC Bank started as a commercial bank in India, today the maximum number of this bank is in Mumbai and New Delhi!

Bank of India

Bank of India is a leading commercial bank and one of the leading banks in India! Bank of India is one of the top 10 banks in India and has 5100 branches outside India too!

Union Bank of India

Union Bank of India is also a Public Sector Unit Bank and over the years Union Bank of India has earned a lot of fame in the comprehensive information related to accounts and modern banking!

Indian Bank

Indian Bank is an Indian state-owned financial services company having 2421 branches all over India and this bank is one of the top public sector banks in India with a total business of Rs.4.30 lakh crore!

Central Bank of India

Central Bank of India has the distinction of being the first Indian commercial bank and in the true sense it is an indigenous bank and the public also has its own bank.

Axis Bank

Axis Bank is one of the largest private sector banks whose name was earlier UTI and later changed to Axis Bank. It is one of the top three private sector banks in India.

Syndicate Bank

Syndicate Bank is one of the oldest and major commercial banks in India headquartered at Manipal City University.

Indian Overseas Bank

Indian Overseas Bank is an ISO certified Information Technology Bank based in Chennai and with international branches in Singapore, Colombo and Bangkok and provides specialized services of overseas banking.

IDBI Bank – Private Bank

IDBI Bank or Industrial Development Bank of India is one of the major public sector banks in India, although the Reserve Bank of India has given it the status of a private bank.

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