Study Abroad Expert
I understand getting an education loan might look like a difficult task and getting accurate information about the banks offering study abroad loans, loan amount, interest rate etc. can be a different hassle altogether. Don’t worry. I have mentioned all the key information about education loans to study abroad. Â
Axis Bank:
Interest Rate     13.70% p.a. onwards
Maximum Loan Amount     Rs.20 lakh
Maximum Tenure     15 years
Processing Fees     At the discretion of the bank
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Bank of Baroda:
Interest Rate     Up to 9.85% p.a.
Maximum Loan Amount     Rs.80 lakh
Maximum Tenure     15 years
Processing Fees     Nil
Canara Bank:
Interest Rate     Up to ongoing one-year MCLR+1.50 %
Maximum Loan Amount     As per eligibility
Maximum Tenure     15 years
Processing Fees     Nil
Federal Bank:
Interest Rate     Up to 10.05% p.a.
Maximum Loan Amount     Rs.20 lakh
Maximum Tenure     15 years
Processing Fees     Nil
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HDFC Bank
Interest Rate     9.55% p.a. onwards
Maximum Loan Amount     Rs.30 lakh
Maximum Tenure     15 years including moratorium period
Processing Fees     Maximum of 1% of the loan amount or minimum of Rs.1,000 whichever is higher
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State Bank of India (SBI):
Interest Rate     8.65% p.a. onwards
Maximum Loan Amount     Rs.1.5 crore
Maximum Tenure     15 years
Processing Fees     Rs.10,000
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Documents Required to avail an education loan
Liabilities and assets of all the borrowers.
Proof of identity.
Proof of address.
Income Tax Returns that are less than 2 years old.
Passport-size photographs (two).
Foreign exchange permit.
Letter that confirms the scholarship.
Course expenses.
Admission proof.
Relevant mark sheets.
If you are still confused and want more details on how to apply for a loan, what documents would be required etc., you should directly get in touch with experts for FREE. They will help you with all the information that you need and guide you through the complete loan process.Â
Let me know if this helped and if you want any more information from my end.Â
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