Education Loans for Indian Students

Education Loans for Indian Students Studying Abroad

SBI, HDFC Credila, Prodigy, MPOWER & 60+ More Lenders | Collateral-Free from ₹20L | Section 80E Tax Benefits

One application
70+ lenders
Structured for faster approvals

From India, access Non-Cosignor International Loans, Domestic Loans, & Exclusive UK No-Co-Signor Pathways

India Loan Specialist

Helping Indian students choose the right funding structure

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Indian Students Studying

Our Loan Products for Indian Students

India offers the most diversified funding ecosystem. We provide five structured pathways.

Study Abroad (USA/Canada)

Postgraduate (UK/Europe)

India Domestic Programs

Exclusive UK Pathway

Non-Cosignor Funding

Lending Ecosystem Access

We compare lenders before submission to improve approval probability.

HDFC Credila
Avanse
Incred
Auxilo
Tata Capital
Poonawalla Fincorp
PNB
Axis Bank
ICICI Bank
IDFC First Bank
HDFC Credila
Avanse
Incred
Auxilo
Tata Capital
Poonawalla Fincorp
PNB
Axis Bank
ICICI Bank
IDFC First Bank

How We Determine Your Loan Structure:

University Ranking
Course Employability
Academic Grades
Co-borrower Income
Collateral Availability
We compare banks & NBFCs in one place to find the right fit for your profile.

Choose Your India Funding Pathway

Access the largest network of domestic and international lenders.

Most Common

Co-Signor International Loans

Leverage family backing for high tuition coverage.

You qualify if:

  • Parent/guardian has stable income
  • Clean ITR & bank statements
  • Documented financial profile

What You Get:

  • High tuition coverage (up to 100%)
  • Non-collateral & Secured options
  • Competitive interest structures
  • Disbursement for USA, Canada, UK, Australia
Check Co-Signor Eligibility

Domestic Education Loans

Funding for top Indian universities and professional programs.

Ideal for:

  • MBA / IIM Programs
  • Engineering & Tech Degrees
  • Medical & PG Specializations

What You Get:

  • Full tuition financing in INR
  • Moratorium during study period
  • Long repayment tenure
  • Income tax benefits (Sec 80E)
Explore Domestic Loans
Exclusive

No Co-Signor UK Study Pathway

Exclusive structured funding for select UK institutions.

BIL (Bloomsbury)
ULAW (University of Law)

Key Features:

  • No Indian co-signor required
  • No collateral required
  • Tuition-linked funding
  • Structured for UK visa compliance

Best suited for:

  • Independent applicants
  • Law & PG programs
UK No-Co-Signor Pathway

Recent India Loan Approvals (Masked)

USA MS - ₹45 Lakhs - Co-Signor Based Canada PG - ₹28 Lakhs - Non-Collateral NBFC UK MSc - 100% Tuition - No Co-Signor
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Why Indian Students Choose GlobCred

Access to 70+ global lenders. Higher approval probability vs single-bank.

70+ Worldwide Lenders

We connect you to India's top banks and international NBFCs.

Multi-Bank Comparison

Compare interest rates and terms from multiple lenders at once.

Exclusive UK Pathway

Access our unique no-co-signor pathway for 100% tuition coverage.

Visa-Compliant Structures

All loan products are structured to meet strict visa proof-of-funds requirements.

13,000+ Students Empowered

Join thousands of Indian students who have achieved their dreams with us.

Fast Digital Processing

Our infrastructure allows for faster documentation and approval cycles.

Start your India education loan assessment today.

Basic Eligibility - India

Most applications require these standard documents.

Admission Letter

Academic Transcripts

PAN & Aadhaar

Income Proof (ITR/Salary)

Bank Statements

Final approval depends on lender underwriting.

Leading Indian Bank Lenders

GlobCred compares domestic lenders so you get the best rate and tenure.

SBI Education Loan

Scholar Loan up to ₹20 lakhs without collateral. ₹1.5 Cr with property security. Competitive rate linked to RBI repo.

HDFC Credila

India's largest dedicated education loan NBFC. Covers 2,200+ universities in 35+ countries. Quick sanction.

Axis Bank / IDFC First

Collateral-free loans up to ₹40 lakhs for top-ranked universities. Fast digital processing.

International Lenders Available from India

No Indian co-signer required · Merit & employability-based underwriting

MPOWER Financing

No co-signer, no collateral. Fixed interest. Covers 400+ universities in the US & Canada.

Prodigy Finance

Community-funded loans for top-100 MBA & STEM postgraduate programs. No collateral from Indian applicants.

Documents Required for Indian Education Loan

Standard documents required across most Indian and international lenders.

Admission / Offer Letter

10th, 12th & Degree Marksheets

PAN, Aadhaar & Passport

ITR (3 years) / Salary Slips

Bank Statements (6 months)

Collateral Docs (if applicable)

Section 80E — Education Loan Tax Benefit

Deduct the entire interest paid on your education loan from taxable income.

No Upper Limit

Unlike Section 80C, there is no cap on the deduction amount for education loan interest under 80E.

Available for 8 Years

Claim the deduction starting from the year you begin repaying interest, for up to 8 consecutive assessment years.

Self, Spouse or Children

The tax benefit applies whether the loan is taken for yourself, your spouse, or your children's education.

Section 80E applies to loans from banks and approved financial institutions only. Consult your CA for specifics.

Frequently Asked Questions — India Education Loans

Yes. SBI offers up to ₹20 lakhs without collateral, HDFC Credila and Axis Bank offer collateral-free loans for top-ranked universities, and international lenders like MPOWER and Prodigy require no collateral at all.

SBI's education loan (Scholar Loan scheme) starts from around 8.5% p.a. linked to RBI repo rate. The exact rate depends on your loan amount and collateral status.

Yes. MPOWER Financing and Prodigy Finance lend to Indian students based on future earning potential, with no Indian co-signer or collateral required.

Under Section 80E of the Income Tax Act, the entire interest paid on an education loan is deductible from taxable income for up to 8 years. There is no upper limit on the amount.

GlobCred compares 60+ lenders — both domestic Indian banks and international lenders — through one application. We pre-screen your profile to improve approval probability before submission.

Start Your India Education Loan Assessment

Connect with our specialist and choose the right pathway.

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