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Frequently Ask Questions

What Does an Overseas education Loan Cover?

Overseas Education Loan mostly covers tuition fees, living and accommodation expenses, cost of books, cost of commuting etc.

The maximum loan amount for Overseas Education ranges from 20 lakhs to 1.5 crore.

Overseas Education Loan interest rates vary from 9% to 14% depending on the kind of financial institution. Rate of interest at Nationalised Banks is usually 1% to 2.5% lower than Private banks and NBFCs.

You can apply for education loan on receipt of offer letter from the University. However, if you are planning to take an education loan it would be better to enquire about the process and start the required documentation beforehand.