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Top Study Abroad Loan Providers in India

Here is a list of some public and private sector banks that offer overseas education loans to students.
Education Loan assistance | Pyramid College

There are several other public and private sector banks as well as lenders that provide overseas education loans to students. Education Loan usually covers:

  • Tuition Fees
  • Examination, library, laboratory, and hostel charges
  • Cost of purchasing books, equipment, instruments, and uniform
  • Travel expenses for study abroad
  • Caution money, refundable deposit, etc.

Study Abroad Loan Eligibility Requirements

Mostly, lenders have their criteria for loan's upper limit, interest rate, period, and repayment mode, and their decision may also be based on the quality of the institution, relevancy of the course taken, and creditworthiness of the guarantor. Some Banks only issue education loans to study at an overseas education institution that they recognize. Here are some general eligibility requirements/conditions for Indian students to receive an education loan from banks.

  • The applicant must be Indian
  • Usually, students within the 18-35 age group can apply for an education loan
  • The applicant must have a confirmed admission at a foreign institution
  • The applicant must have a good academic record
  • The applicant should have a co-borrower such as a Parents/Guardians who act as a guarantor for the loan
  • Collateral may also be required to secure an education loan
  • The applicant should have a co-borrower such as a Parents/Guardians
Study Abroad Loan Eligibility Requirements | Pyramid College
Documents Required for a Study Abroad loan | Pyramid College

Documents Required for a Study Abroad loan

Here is a list of the essential documents that are required for a study abroad loan

  • Mark sheet for last qualifying examination
  • Admission Proof
  • Schedule of expenses for the course
  • Copy of letter with confirmation of scholarship (if any)
  • Two passport-sized photographs
  • Statement of borrowers bank account for last six months
  • Income Tax assessment order, not older than two years
  • A brief statement of borrower's Assets and Liabilities

How do we help in getting an education loan

Pyramid helps make the loan and visa process more comfortable by making them able to identify the best overseas education opportunities at recognized universities and colleges. Our experts understand how important your career is, and to fulfill your study abroad dream, we guide you throughout your loan sanction as well as the study visa process. So far in the last 16 years, Pyramid Visa has helped over 30,000 students receive their study visas to study in Canada, UK, USA, Germany, Australia, New Zealand, and other countries.