Learning overseas stands as an essential life milestone. Accomplishing this dream requires securing appropriate financial assistance. In 2025, numerous Indian financial institutions provide special financial assistance programs for students who wish to study abroad. Let’s examine the top five banks that offer exceptional overseas education loans together with essential points and advantages.
Key Considerations When Choosing a Bank for Overseas Education Loans
Selecting the right bank for your overseas education loan is an important step. Here are some factors to consider:
- Interest Rates: Lower rates reduce overall repayment.
- Loan Amount: Ensure it covers tuition and living expenses.
- Repayment Terms: Look for flexible options and moratorium periods.
- Processing Fees: Be aware of any additional charges.
- Eligibility Criteria: Check the bank’s specific requirements.
The start of your international academic adventure brings an exciting feeling. The right financial backing allows you to study without concerning yourself about money. Begin your study journey with your chosen bank that matches your requirements right now.
Top Banks For Overseas Education Loans
1. State Bank of India (SBI)
Student Bank of India functions as a top preference among international education seekers. SBI designed its Global Ed-Vantage scheme as a study abroad solution.
- Loan Amount: Up to ₹1.5 crore
- Interest Rate: Starts at 10.90% per annum
- Repayment Tenure: Up to 15 years
- Processing Fee: ₹10,000
SBI offers Overseas Education loans for various courses, including professional and technical programs. Students benefit from a temporary moratorium that spans their entire course and adds a year so they can study stress-free.
2. Punjab National Bank (PNB)
PNB’s Udaan scheme caters to students aiming for higher studies abroad.
- Loan Amount: Need-based, as per repayment capacity
- Interest Rate: Ranges from 10.00% to 10.75% per annum
- Repayment Tenure: Up to 15 years
- Processing Fee: 1% of the loan amount (minimum ₹10,000)
PNB provides financial assistance for graduation and professional programs, including CPA in the USA, along with other educational options. The lending institution provides financial assistance for both aviation and shipping training together with standard educational courses.
3. Bank of Baroda (BoB)
BoB’s Baroda Scholar scheme is tailored for students targeting international education.
- Loan Amount: Up to ₹80 lakh
- Interest Rate: Between 10.40% and 11.15% per annum
- Repayment Tenure: Up to 15 years
- Processing Fee: Nil for loans up to ₹7.5 lakh; 1% of the loan amount (max ₹10,000) for loans above ₹7.5 lakh
Customers can obtain BOB Overseas Education loans for technical and professional degree studies. Students get both the duration of their course and an additional year to transition smoothly before beginning their repayment schedule.
4. HDFC Bank
Overseas Education loans through HDFC Credila Bank deliver swift approval together with flexible terms and conditions.
- Loan Amount: Up to ₹30 lakh
- Interest Rate: Starts at 9.50% per annum
- Repayment Tenure: Up to 15 years, including the moratorium period
- Processing Fee: Up to 1% of the loan amount (minimum ₹1,000)
The educational financial support provided by HDFC Bank includes tuition fee expenses as well as living cost coverage. Students receive a moratorium period that spans their study duration and extends past it by one year.
5. ICICI Bank
ICICI Bank’s education loans are designed for students pursuing studies abroad.
- Loan Amount: Up to ₹ 1 crore
- Interest Rate: Ranges from 11.00% to 12.50% per annum
- Repayment Tenure: Up to 10 years
- Processing Fee: As per the bank’s discretion
At ICICI Bank students can obtain Overseas loans for different courses while receiving flexible loan terms with an extended course-plus-one-year moratorium period. The repayment choices at ICICI Bank provide students with the flexibility to handle their finances after completing their studies.
Documents Required for Overseas Education Loans
To advance a loan application successfully, you need correct documentation. Here’s a quick checklist:
- Identity Proof: Aadhaar, PAN, or passport.
- Address Proof: Utility bills/Rent agreement.
- Academic Records: Mark sheets and admission letter.
- Income Proof: Salary slips or IT returns of co-applicants.
- Collateral Details: Property papers or FD certificates (if needed).
- Study Cost Estimate: University’s fee structure and expenses.
- Passport & Visa: Copies of valid documents.
Each financial institution sets its requirements; therefore, students need to verify specific requirements at their chosen bank. Accurate documentation simplifies your loan application procedure which enables you to dedicate your energy toward preparing for your foreign studies.