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Best Funding Options for Education Overseas

Gain the strategic insight, check out the process and the pre-requisites to avail Overseas Education Loan

Types of Overseas Education Loans

Kinds of Overseas Education Loans


Secured Loans are provided by Nationalised Banks, Private banks and NBFCs. The quantum of finance up to which the bank can sanction the loan amount is up to 1.50 Crores for Overseas Education.

A loan on secured credit promises

  • lower interest rates
  • flexible repayment terms and
  • a choice of different interest plans

A Secured Overseas Education Loan can be taken on the basis of assets like immovable property, LIC Policies, government bonds, shares etc.

However, secured education loans take longer than unsecured loans and only 75% of the amount will be sanctioned against the valuation of the property.


Unsecured Loan is a viable option for the students who are not willing to pledge any collateral security against the loan amount. This type of loan can be availed from nationalized banks, private banks, NBFCs and international lenders.

NBFCs and few private banks offer up to Rs 45 lakhs as a loan amount whereas nationalized banks provide unsecured loan up to Rs 7.5 lakhs. An unsecured loan is much quicker and convenient as it does not involve the procedure of legal verification and property valuation.

Loan Process


Approach Us In Person or Online


Create Your Profile and Know Your Eligibility


Proceed With Documentation & Application


Get your loan Sanctioned and Disbursed !

Our experienced Education Loan Advisors will not only assist you in selecting the right financial institution but also guide you step by step as to how to get education loan for studying abroad.

Overseas Education Loan Requirements

Overseas Education Loan Requirements
What is Credit / CIBIL Score?
Credit / CIBIL Score is a three-digit numeric summary of your credit history found in the CIBIL Report. CIBIL score will be in the range of 0 to 900. Banks check your CIBIL score before approving your loan.

Know what your score indicates

CIBIL Score between 0 or -1: If your score is 0 then it just means that you have no credit history created via a credit card or loans.

CIBIL Score between 300 – 600: This is a real poor credit score. It means you have been defaulting on payments and the chances of getting new loans/credit cards are minimal.
As such you should not miss your EMIs and should focus on payment of credit card dues well on time!

CIBIL Score between 600 - 750: You are on the right path. You will not face any problem while getting the loans or credit cards issued. Banks will be ready to offer you a line of credit for sure!

CIBIL Score between 750 - 900: This range indicates that you are regular with loan EMIs and credit payments with a really good payment history. Banks consider these people with high priority. You may get too many loan offers and at attractive rates of interest along with several Credit Card offerings!
• Offer Letter/Admission Acceptance Letter from the University / College
• Prospectus of the University or copy of online course details
• Details of University World Ranking
• Recognition of the University/College by competent authority WHED
• Letter of Consent, in case of pre-disbursement of loan
• Statement of cost of study/ Schedule of expenses for the entire duration of the course
• Receipt of Tuition fees paid to the University (If any)
• Academic Documents
  - 10th & 12th Marksheets with Diploma Certificate (If any)
  - Marksheets of Graduation along with Provisional / Degree Certificate
  - Standardized Test Scores as applicable (GRE/ GMAT/ ACT/ SAT/ IELTS/ TOEFL/ PTE, etc.)
  - Work Experience Certificate (If any)
• Photocopy of the first and the last page of the Passport
• Photocopy of PAN Card and Aadhar Card of the Student
• Photocopy of Student Visa & Air Ticket (At the time of Disbursement)
1. In case of Salaried Persons
  -Income Tax Returns and Form No. 16 of last 2 years
  -Salary slips of last 3 months
  -Appointment / Promotion Letter along with copy of Employee Identity Card
  -Bank Account Statement of last 6 months (Salary / Personal Account)
2. In case of Business Persons
  -Income Tax Returns, Balance Sheet, Profit & Loss Account, Computation of Income of last 2 years
  -Bank Account Statement of last 6 months (Personal and Business Account)
  -Business Proof – Registration Certificate / GST Registration Certificate
3. In case of Agricultural Income
  -Income Certificate for the last 2 years issued by Tahsildar / Mandal Revenue Officer / A Revenue Department Officer having State Level Gazetted rank
4. PAN Card and Aadhar Card
Photocopies as well as originals of
• Sale Deed (Registered)
• Mutation in the name of the present property owner
• House Tax Receipt (Latest) in the name of the present property owner
• Electricity Bill (Latest)
• Sanctioned Map of the property
• Deed of Declaration / Apartment (in case of Flat)
• Power of Attorney (if any in case of Flat)
• Building Permission Letter (in case of Flat)
• Lease Renewal Deed and NOC (No objection certificate)
• Society Registration Certificate and Occupancy Certificate (OC) (If applicable)
• Non-Agriculture (NA) Certificate & RL Order
• Demarking (Boundary wall / Fencing) (in case of open plot)
• Photocopy of the WILL in case of grandparents’ property

  -Agricultural land is not considered by banks for Education loan
  -Gram Panchayat property is also not considered by the banks unless supported by Town Planning approvals.