Explore Personal Banking
Accounts
Deposits
Loans
Wealth & Insure
Payments
Cards
What's special about us
Customer Support
Explore all Credit Cards
Premium Metal
0% Forex & Travel
Lifetime Free
10X Rewards
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
Customer Support
Explore NRI Banking
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
Markets & Beyond
Customer Support
Explore Startup Solutions
Explore Corporate Banking
Corporate Account
Cash Management Services
Supply Chain Finance
Corporate Lending
Treasury
NBFC Financing
Customer Support
BRAVO (Auto Sweep)
Explore Business Banking
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Debit Card
Offers
Customer Support
Explore Gift City
About Us
Investors
Careers
IDFC FIRST Academy
ESG

FOLLOW US ON :

Download Now

  • App Store
  • Google Play

Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

  • Activate your Credit Card within minutes and enjoy unlimited benefits

    Know More

  • One FASTag, three payments:Toll, fuel and parking

    The only FASTag with triple benefits

    Apply Now

FinFIRST Blogs

Credit Card Savings Account Personal Loan Home Loan Car Loan Education Loan Two Wheeler Loan NRI Business Banking Fixed Deposit Finance Beyond Banking MyFIRST Mobile Banking Startup Banking Investments Salary Account
Apply Now

Education Loan

Your Guide to Getting a Student Loan to Study Abroad

Key Takeaways

  • With the assistance of IDFC FIRST Bank, students can take an education loan of up to ₹1.5 crore to study abroad.
  • The bank provides collateral-free loans for up to ₹75 lakhs, so students without collateral care not left behind.
  • The interest rate on education loans is competitive, and the repayment period can be extended up to 15 years.
  • The students are offered three repayment options—EMI, Simple Interest (SI), Partial Simple Interest (PSI) or Moratorium—depending on their affordability.
  • The loan can also be used for other expenses incurred for studies, such as travel, books, a laptop, insurance, stationary and fee charges.
  • The process is easy and can be done through the FIRST UNI app, website, or by visiting a bank branch.
  • Pre-admission sanction of loan is available, and students can prepare finances even before availing admissions.
  • With IDFC FIRST Bank, students can avail education loans up to ₹1.5 crore (₹75 lakhs without collateral) for studying abroad, covering tuition and related expenses like travel, books, insurance and living expenses.
  • IDFC FIRST Bank offers competitive interest rates and flexible repayment terms of up to 15 years.
  • Borrowers can choose from three repayment options—EMI, Simple Interest (SI), Partial Simple Interest (PSI) or Moratorium—based on their financial capacity.
  • Applications are easy to initiate via the FIRST UNI app, website, or branch, with pre-admission loan sanction available for early financial planning.
10 Jun 2025 by Team FinFIRST
how to get education loan for abroad studies
Apply Now

Studying abroad is a dream for many students—but let’s face it, international education comes with a significant cost. Fortunately, obtaining a student loan for overseas education is now easier than ever. With IDFC FIRST Bank offering smart and accessible loan solutions, financing your global degree is just a few steps away.

READ MORE

family of 3 having fun using laptop at home.
How to save and invest for your child’s foreign education goals
How to plan your child's education
How to plan for your children’s education?

Step 1: Check Your Eligibility
 

Before applying, ensure you meet the basic criteria set by IDFC FIRST Bank:

  • You must be an Indian citizen.
  • You must have received admission to your chosen course or institution.
    Note: If you haven’t been admitted yet, you can still apply under the bank’s pre-admission loan sanction facility.

Step 2: Understand What You Can Avail
 

Here’s what the education loan covers:

  • Up to ₹1.5 crore with collateral
  • Up to ₹75 lakhs without collateral
  • Tuition fees and other essential expenses (travel, books, laptop, insurance, etc.)
  • Competitive interest rates
  • Repayment period of up to 15 years
  • Financing up to 100% of your education cost

Your dream university doesn't have to stay a dream—education loans today are built to support your ambition, not stand in its way.

Step 3: Gather the Required Documents
 

Prepare the following documents for a smooth application process:

  • Completed loan application form
  • Admission letter or entrance exam scores (e.g., GRE, IELTS)
  • Photo ID and address proof
  • Academic certificates and transcripts
  • Co-applicant details and income proof (if applicable)
  • Visa or pre-visa documents
  • Detailed fee structure
  • Collateral documents (if applicable)
  • Bank statements, photographs, and relationship proof

Step 4: Choose a Repayment Plan That Suits You
 

IDFC FIRST Bank offers three repayment options to suit varying financial needs:

  • EMI (Equated Monthly Instalments): Start repaying as soon as the loan is disbursed.

  • Simple Interest (SI): Pay only the interest component while you’re studying.

  • Moratorium: Defer all repayments until after course completion.

  • Partial Simple Interest (PSI): A portion of the interest is paid, and the rest is capitalized by adding it to the principal.

Step 5: Apply Through Your Preferred Channel
 

You can begin your loan application using any of the following methods:

Need guidance? Speak with a loan counsellor through the app—your first session is free!

Conclusion
 

Securing a student loan for studying abroad doesn’t have to be daunting. With IDFC FIRST Bank’s customized loan solutions, flexible repayment options, and seamless digital access, students can plan their academic journey abroad with confidence. Whether you're still applying or already have your admission letter in hand, financing your international education is now just a few clicks away.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.

Prev

CIF Number: What is CIF Number, Advantages & Latest Updates
Next

Smart Investment tips to achieve investment goal

Related Products

Related Articles

Download IDFC FIRST Bank App

You might also be interested in:

Savings Account

Savings Account
Personal Loan

Personal Loan
Credit Card

Credit Card
Home Loan

Home Loan
Two Wheeler Loan

Two Wheeler Loan