Abroad Education Financing
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Do you need help finding your lones to study in a new country? Leave it on Career Width, as we are here to help you find the best Financing through our trusted partners across various destinations.
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A leading education financing marketplace for Indian students aspiring to study abroad, it helps you:
Compare multiple lenders
Check eligibility
Apply for competitive education loans with expert guidance
Loan Types and Lender Categories
Secured Loans (with collateral such as property, FD, insurance):
Lower interest rates, higher loan amounts, longer repayment terms, no repayment during studies
Unsecured Loans (without collateral):
Higher interest rates, co-applicant required, shorter repayment tenures, partial repayments during study
Types of lenders include:
Public Banks (e.g., SBI, PNB)
Private Banks (e.g., ICICI Bank, Axis Bank)
NBFCs (e.g., HDFC Credila, Avanse)
International Lenders (e.g., MPOWER Financing, Prodigy Finance)
Details on Popular Lenders
| Lender Type | Institutions & Highlights |
|---|---|
| Public Banks | SBI: Up to ₹1.5 cr (secured) / ₹50 L (unsecured); interest ~10.15% (men), 9.65% (women); tenure 15 yrs; moratorium: course + 12 months. PNB: Up to ₹2 cr (secured); interest ~10.50% (men), 10.00% (women). |
| Private Banks | ICICI: Up to ₹1.5 cr, interest ~10.25% (secured), 11.25% (unsecured); tenure 10 yrs; moratorium includes 6 months grace. Axis: Up to ₹1 cr unsecured; rate ~11–11.5%. |
| NBFCs | HDFC Credila: Up to ₹75 L unsecured; interest ~11%; tenure 10 yrs; 6 months post-study grace. Avanse: Up to ₹50 L; interest ~11.5%; tenure 15 yrs. |
| International Lenders | MPOWER Financing: No collateral/co-applicant; up to USD 100k; fixed interest ~9.99%; APR 10.89–17.08%; tenure 10 yrs; grace during and 6 months after study. Prodigy Finance: Up to ₹50 L; interest ~10.5–14%. |
Loan Coverage & Features
Coverage includes:
Tuition fees (direct to university account)
Living expenses (rent, utilities, travel)
Health insurance (mostly via private banks)
Visa fees (available with some NBFCs)
Air tickets (negotiable with lenders)
Study-related costs (books, equipment, tours)
Key benefits:
Customizable financing
Tax benefits under Section 80E on interest paid
E. Eligibility Criteria & Application Process
Common eligibility:
Indian citizenship
Admission to recognized UG/PG career-oriented course
Minimum ~50% in academics
Co-applicant required for unsecured loans
Collateral required if requested by lender
Application steps:
Estimate required funds and list expenses
Check loan eligibility
Prepare documents
Apply via recommended channels
On approval, loan is disbursed
Tools & Support
Free tools to assist with planning:
Loan Eligibility Checker
EMI Calculator
Future Earnings Estimator
Admit Predictor
University Compare
SOP Reviewer
Grade Converter
End-to-end guidance includes:
Profile evaluation and lender matching
Personalized counseling and paperwork help
Access to scholarships and forex services
Track record: Over 25,000 loans sanctioned worth ₹8,000+ crore.
Why This Matters for Your Career
Strategic Planning – Choose between secured and unsecured loans based on financial stability.
Better Terms = Lower Stress – Public banks and NBFCs often offer more competitive rates.
Full Coverage – Ensure health insurance, visa, and living costs are included in your loan.
Simplified Processes – Expert assistance saves time and reduces chances of rejection.
Additional Benefits – Tax savings and discounted forex services cut overall expenses.
Tailored Advice – Select a lender aligned with your academic and career goals.
In short, study abroad financing helps students secure funds smartly through banks, NBFCs, and international lenders—covering everything from tuition to living costs—while providing expert support and planning tools for a stress-free journey.