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Education loan for Abroad Studies

Dreaming of studying abroad? Our education loan for abroad studies covers tuition fees, living expenses, and travel costs, making your global education journey stress-free. With competitive education loan interest rates, flexible repayment options, and quick approvals, we ensure seamless financing. 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

Features & Benefits

There are several advantages in availing student loans from IDFC FIRST Bank. With our ALWAYS YOU FIRST principle, you will enjoy:

Superior Customer Expereince

Education loan available up to ₹1.5Cr.*

Flexibility to choose between Term Loan and Dropline Overdraft

Collateral free loans of up to ₹75 lakhs*

Instant loan upto 30

Up to 100% financing*

Calender tenure

Flexible loan tenure up to 15 years*

Flexible repayment options

Flexible repayment options

Hassle-free education financing fulfilled at your doorstep

Hassle-free education financing fulfilled at your doorstep

Customized solutions tailored as per your needs

Customized solutions tailored as per your needs

Income tax benefits under section 80E

Income tax benefits under section 80E

Funding additional expenses (travel expenses, purchase of laptop/books/uniform, insurance cost etc.) along with college related expense

Funding additional expenses (travel expenses, purchase of laptop/books/uniform, insurance cost etc.) along with college related expense

Calculate your
Education Loan EMI

Calculate EMI

Calculate your Education Loan EMI

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

Eligibility Img Alt

Fees & Charges for Education Loan

Find out about our minimal and transparent fees & charges

View Fees & Charges

Apply For Senior Citizen Savings Account

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.

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