Education loans

Most families fund an overseas degree with a loan. The process is more predictable than it looks, and knowing the order banks assess things in saves weeks.

What banks look at, in order

1. The course and the university. A recognised institution in a country with post-study work rights is treated very differently from an unranked one offering the same degree title. Several banks publish lists of premier institutions that qualify for higher limits and better rates.
2. The co-applicant. Usually a parent. The bank is lending against their repayment capacity, so their income documents, existing loans and credit history carry most of the weight.
3. Collateral, and only above a threshold. Unsecured loans up to roughly ₹40 lakh are available for strong course-and-co-applicant combinations. Property or a fixed deposit is needed beyond that.

What we do

We prepare the file, introduce you to lenders who actually fund your destination and course type, and sit in the conversation so nobody is agreeing to terms they have not understood. We do not lend, and we do not take a commission that changes which lender we recommend.

Documents to start assembling now

• Admission letter showing the full cost of attendance, not just tuition
• Co-applicant income proof, three years of returns if self-employed, six months of salary slips if employed
• Academic records from class ten onward, and your English test score
• Property papers or fixed deposit certificates, if collateral will be needed

Timing

Start when your first offer arrives, not when the deposit deadline is a week away. Sanction takes two to four weeks, and the visa file needs the sanction letter. This is one of the most common avoidable delays we see.

A word on total cost

Borrow against the real number, tuition plus living costs plus travel plus a first-year buffer. Students who borrow tuition only tend to come back for a top-up loan at a worse rate. We give you a written breakdown before you approach anyone.