Studying abroad is a dream for many Indian students, and securing the right education loan is crucial in making it a reality. At Vyas Immigrations, we have partnered with leading banks and financial institutions to help you get the best education loan options at competitive interest rates.
We collaborate with top banks to provide customized education loan solutions! Our expert team will arrange direct meetings with top bank officials to discuss the most favorable loan terms tailored to your study abroad plans.
Types of study abroad loans :
1. Based on Collateral
Secured Education Loan – Requires collateral (property, FDs, govt. securities), offers lower interest rates and higher loan amounts. Available from SBI, Bank of Baroda, PNB, Axis Bank, ICICI Bank (e.g., SBI Global Ed-Vantage).
Unsecured Education Loan – No collateral needed but has stricter eligibility and higher interest rates. Provided by HDFC Credila, Avanse, InCred, Prodigy Finance (e.g., HDFC Credila Education Loan).
2. Based on Lender Type
Public Sector Bank Loans – Lower interest rates, longer repayment terms, but require a strong co-applicant financial background. Examples: SBI, Bank of Baroda, PNB.
Private Bank Loans – Faster approvals with flexible repayment options. Examples: ICICI Bank, Axis Bank, Kotak Mahindra Bank.
NBFC Education Loans – Ideal for students without collateral. Examples: HDFC Credila, Avanse, InCred, Auxilo.
International Lenders – No Indian collateral or co-signer needed in some cases. Examples: Prodigy Finance, MPOWER Financing.
Specifically cover university tuition fees, ensuring students can enroll without immediate financial burden.
Comprehensive Study Abroad Loans
Provide full financial support for international students, covering tuition, living expenses, travel, insurance, and books.
Bridge & Parent/Co-Signer Loans
ridge loans offer short-term funding until a long-term loan is secured, while parent/co-signer loans are taken under a guardian’s name to improve eligibility and loan approval chances.
4. Based on Loan Amount
Loans Below ₹7.5 Lakh – Usually unsecured, backed by the government’s Credit Guarantee Fund (CGFEL).
Loans Above ₹7.5 Lakh – Generally require collateral, available from SBI, HDFC Credila, ICICI Bank, Axis Bank.
Vidya Lakshmi Portal – One-stop portal to apply for multiple bank loans.
Dr. Ambedkar Central Sector Scheme – For SC/ST students pursuing education abroad.
Need Assistance? Contact Us Today!
Let us help you secure the best education loan hassle-free! Our experts guide you through the process, comparing interest rates and repayment options from top banks and NBFCs.
