Introduction
Planning to study abroad? Choosing the right education loan provider is just as important as choosing your university. With rising tuition fees and living expenses, finding the best education loan in India can help ease financial stress and allow you to focus on your academic journey. In this 2025 guide, we bring you the top 10 education loan companies in India that offer loans for studying abroad.
Why is Choosing the Right Education Loan Company Important?
A lower interest rate could save you lakhs in repayment
Faster processing times help you meet embassy deadlines
Some providers offer full expense coverage including tuition, living, travel, and insurance
Options for collateral-free (unsecured) loans
Top 10 Education Loan Providers in India for Study Abroad (2025)
Bank/Lender | Interest Rate (Approx) | Loan Amount | Collateral Required | Processing Time | Notable Benefits |
State Bank of India (SBI) | 9.55% - 10.75% | Up to ₹1.5 Cr | Yes (above ₹7.5L) | 10-15 days | Subsidy schemes, low rates |
HDFC Credila | 11% - 13% | No upper limit | Usually yes | 7-10 days | Custom repayment plans |
ICICI Bank | 10.5% - 12.5% | Up to ₹70L | Yes | 7-10 days | Quick disbursal, wider reach |
Axis Bank | 10.5% - 13% | Up to ₹75L | Yes | 10-12 days | Foreclosure flexibility |
Bank of Baroda | 9.7% - 11.5% | Up to ₹80L | Yes (above ₹7.5L) | 10-15 days | Govt-backed schemes |
Avanse Financial | 11% - 13.5% | ₹5L to ₹2 Cr | No (case-based) | 5-7 days | Collateral-free, flexible terms |
InCred | 12% - 14.5% | Up to ₹50L | No | 4-7 days | Fully digital, quick approval |
Auxilo | 11% - 13.5% | Up to ₹50L | No | 5-8 days | No margin money, tech-driven service |
Prodigy Finance | 11% - 13% | Case-based | No | 7-14 days | No co-signer needed, USD disbursal |
NBFCs via GetStudyLoan.com | Varies (Compare & Apply) | Up to ₹2 Cr | Optional | Instant quote | Compare best offers in one platform |
Key Factors to Compare
Interest Rates (fixed vs floating)
Loan Margin (some banks cover 100% expenses)
Moratorium Period (grace period after graduation)
Prepayment Penalty (many private players waive it)
Loan Processing Fees (ranges from 0.5% to 2%)
How GetStudyLoan.com Helps You Make the Smart Choice
Launched in 2025 under Nikshala, GetStudyLoan.com is India’s smart education loan comparison platform for study abroad aspirants. Here's what we offer:
Real-time comparison of multiple lenders
Instant eligibility check
Apply directly with zero commission
Expert guidance from loan advisors
Final Thoughts
Your study abroad dream shouldn’t be delayed because of financial stress. Choosing the right education loan provider ensures that your future is secure and stress-free. Start your journey now with GetStudyLoan.com and make an informed decision with confidence.
Visit www.getstudyloan.com to check your eligibility and apply today!