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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.
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Apply for education loan for abroad studies
at IDFC FIRST Bank
Get collateral-free education loan of up to INR 50 lakhs*
Apply for education loan for abroad studies at IDFC FIRST Bank
*Terms & conditions apply
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Upto 100% financing, with flexible repayment options
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Loan sanction even before admission confirmation*
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Moratorium period for selected institutes
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Income tax benefits under section 80E
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Upto 100% financing, with flexible repayment options
-
Loan sanction even before admission confirmation*
-
Moratorium period for selected institutes
-
Income tax benefits under section 80E
Higher Education loan for Abroad Studies
Pursuing studies overseas brings incomparable benefits by providing career prospects in new markets. But, the journey has several challenges – planning of funds, application process, living and travel expenses. We at IDFC FIRST Bank are happy to handhold you with our thoughtfully curated education loan for abroad studies. You will receive guidance through every step of the journey, right from your loan application to the disbursement, thereby making the admission process hassle-free.Read More
Our foreign education loan application process is simple with end-to-end digitization, which reduces the loan approval time and expedites the loan sanctioning.Read Less
ELIGIBILITY
Who can apply?
- An Indian National (Including NRI)
- 18 years old or above at the time of loan commencement
- Admitted in the desired institution after completion of the pre requisite qualifications
Admission not confirmed yet, Do not worry
- If the admission is not secured, sanction could be subjective based on the type of course, country or the institute student has applied for
Documentation
Student
- Photo ID proof
- Proof of residence
- Passport sized photograph
- Proof of admission
- Fee structure document
- Salary slips of experienced candidates
- Visa copy
- Academic documents
- Fully filled application form
Co-applicant
- Photo ID proof
- Proof of residence
- Passport sized photograph
- Income related documents
- Fully filled application form
Collateral documents
- Property documents
- FD documents
Calculate your
Education Loan EMI
FREQUENTLY ASKED QUESTIONS
Which countries are covered under education loan for abroad studies?
IDFC FIRST Bank’s student loan for studying abroad could be availed for studying in a number of countries – USA, UK, Canada, Australia, Germany, New Zealand, Singapore and others. You can reach IDFC FIRST Bank’s representative to know the full list of countries.
What are the costs covered under the student loan for studying abroad?
The student loan for studying abroad would include the following expenses towards the course:
College related expenses:
- • Tuition and Fees payable to the institute
- • Examination / library / laboratory fees
- • Purchase of books / Equipment / uniforms
- • Living expenses (including Hostel fees)
Additional expenses:
- • Travel expenses
- • Purchase of computers/laptops
- • Overseas Insurance
- • Cost of health insurance
What are the type of courses that are funded by IDFC FIRST Bank education loan for abroad studies?
IDFC FIRST Bank’s education loan for abroad studies covers plethora of courses across graduation and post-graduation degrees. The list includes technical and professional courses offered by the recognized universities and autonomous institutions. Apart from the full time courses, we fund education for executive, part time, vocational and diploma courses as well.
Do I get tax benefits with student loan for studying abroad?
Yes, you get income tax benefits under education loan for abroad studies as well.
