- State Bank of India (SBI)
Interest Rate: 8.70% – 13.00% per annum (floating)
Loan Amount: Up to ₹1.5 crore (for abroad studies)
Eligibility: Indian citizen with admission to a recognized institution
Documents Required:
Admission proof
Identity & address proof
Academic records
Income proof of co-applicant (parent/guardian)
Collateral security if loan > ₹7.5 lakh
- Punjab National Bank (PNB)
Interest Rate: 8.50% – 14% per annum (floating)
Loan Amount: Up to ₹20 lakh (domestic), ₹40 lakh (abroad)
Eligibility: Indian student with admission to a recognized course
Documents Required:
Admission letter
Academic certificates
Identity & address proof
Income proof of co-applicant
Security for loan > ₹7.5 lakh
- Bank of Baroda (BoB)
Interest Rate: 8.65% – 14.50% per annum
Loan Amount: Up to ₹40 lakh for abroad studies
Eligibility: Admission in recognized course
Documents Required:
Admission letter
ID & address proof
Academic records
Income proof of co-applicant
Collateral for loans > ₹7.5 lakh
- Canara Bank
Interest Rate: 8.60% – 14.00% per annum
Loan Amount: Up to ₹40 lakh
Eligibility: Indian nationals with confirmed admission
Documents Required: Same as above banks
- ICICI Bank (Private Bank)
Interest Rate: 10.50% – 13.50% per annum (floating)
Loan Amount: Up to ₹1 crore for studies abroad
Eligibility: Admission to recognized Indian or foreign institution
Documents Required:
Admission proof
Identity & address proof
Academic transcripts
Income proof of co-applicant
Collateral for higher amounts
- HDFC Bank (via Credila)
Interest Rate: 11% – 15% per annum (floating)
Loan Amount: Up to ₹1 crore (for abroad studies)
Eligibility: Indian citizen with admission
Documents Required:
Admission proof
ID & address proof
Academic records
Income proof
Collateral if loan exceeds certain limits
Common Requirements Across Banks:
Admission Proof: Letter from college/university
ID & Address Proof: Aadhaar, Passport, Voter ID, etc.
Academic Records: Mark sheets, certificates
Income Proof: Salary slips, IT returns of parents/guardian/co-applicant
Collateral/Security: For loan amounts above ₹7.5 lakh or as per bank policy
