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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.


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