Education Loans for Study Abroad
On the Fast Track to Your Future
Process an Assurance of Timely Funding
Education in Abroad Made More Affordable
Payment Made Stress – Free
Get All Type of Student Costs Funded
Step-by-step Guidance and Assistance
I had very little time to arrange funds, but DEC’s swift loan assistance, as promised, ensured I didn’t miss my intake. Truly grateful for their fast, seamless, and reliable service.
Suhas Patel
Approachable and supportive loan assistance team throughout the process—what more can I say about using the education loan assistance from DEC ! Highly recommended !
Apurva Sonavane
As parents of two children, arranging funds for our elder child’s studies abroad was a challenging task. However, DEC’s loan assistance introduced us to several reliable and tailored loan options that perfectly fit our financial situation. Watching our child pursue her dream of studying abroad without any financial worries fills us with pride and gratitude. We can’t thank DEC enough for their exceptional support and guidance.
Mr. & Mrs. Shah
Get Answers to Your Questions
- Tuition fees
- Living expenses (accommodation, food, utilities)
- Travel expenses (airfare)
- Health insurance
- Study materials (books, supplies, etc.)
- Laptop or equipment required for studies
- Exam fees or application fees (sometimes)
- Admission letter or offer letter from the university
- Academic records and certificates
- Proof of identity and address
- Income proof of co-applicant
- Bank statements
- Cost estimate of education (fees structure, living expenses)
- Collateral documents (if applicable)
For secured loans, collateral is required, such as property, fixed deposits, or other valuable assets. Whereas, for unsecured loans, do not require collateral but often have higher interest rates and stricter eligibility criteria.
It begins after the course is completed and a moratorium period (6–12 months post-study) ends. The interest might accrue during the moratorium, depending on the lenders policy.
Yes, under Section 80E of the Indian Income Tax Act, interest paid on education loans is eligible for tax deduction.
No, you must provide proof of admission (offer letter) before applying for an education loan.
Option 1: Reapply with additional documents or a co-applicant.
Option 2: Explore private lenders or NBFCs.
Option 3: Consider scholarships or part-time work abroad.
Without collateral, a borrower can get Up to ₹40 lakhs from Indian banks and with collateral, higher amounts or from NBFCs.
Loans are generally provided for full-time, on-campus programs. Part-time or online courses are generally not covered unless specifically stated by the lender.
Yes, you can combine scholarships with loans to reduce your financial burden. Many universities and organizations offer scholarships for international students.
Yes, most lenders allow prepayment, but some may charge a prepayment penalty. Hence, it is advisable to check the loan agreement for terms.
Education Loan Assistance
Economical interest rates | Swift loan disbursement | Personal loan consultant
DEC’s Stellar Education Loan Support for Aspirants Wishing to Study Abroad
Several students across India wish to turn their dream of gaining overseas education a reality. There is a healthy dose of fear and apprehensions surrounding the topic, for enduring the financially arduous process can end up with a hole in the student’s pocket. Hence, educations loans are the perfect solution to appease such fears. We, at DEC, are honoured and obliged to assist our students with exclusive education loan support services to make this journey that much easier and happier.
Applying for an education loan can be a stressful process and hence DEC takes pride in making this process a smooth sailing one instead. Our expert team takes over the documentation process as a whole and ensures all the formalities are well met so your dreams can get your undivided attention.
Education financing is unique to each student. Therefore, DEC offers assistance with loans of both kinds— secured & unsecured.
With our services, we ensure that your dreams never go unfulfilled and encourage you to fly high!
“Chase your study abroad dreams sans any worry. DEC takes privilege in serving your educational dreams.”
The Best Education Loan Providers in India for Study Abroad
Apart from these, there are copious other banks from both public and private sectors as well as lenders that offer loans for overseas education.
The loan customarily includes the following:
- Tuition fees
- Examination, library, laboratory and hostel expenses
- Cost of purchasing books, academic equipment, instruments and uniform
- Fair of travelling abroad
- Precautionary money, refundable deposits, etc.
Eligibility for Acquiring an Overseas Education Loan
Studying abroad is a dream chased by millions. It is indeed a multifaceted aspiration. Not only do you gain exposure to quality education and exemplary employment opportunities, but you also unveil a plethora of colours and cultures that grace the human race. Moreover, the multitude of centennial universities across the globe provides the students with abundant flexibility to be picky about their fields of expertise, thus enhancing their abilities to carve their own niche. Gaining self-dependency and endless occasions for travelling internationally are mere delightful cherries on this delicious cake.
Several lenders and banks provide loans in accordance with the loan’s upper limit, rate of interest, duration of the time period, and mode of repayment whereas some determine it based on the university’s or college’s ranking, the program the applicant is going to partake in along with the guarantor’s financial competence. Albeit some lenders and banks only offer loans for the international universities and colleges recognised by them.
Following is the general eligibility criteria for Indian students to procure a bank loan for overseas education.
- The student must be an Indian citizen.
- Usually, candidates between the age of 18 and 35 are preferred.
- An exemplary academic record works in the favour of the student.
- The student must have a co-borrower (parents or guardian) to act as guarantor for the loan.
- Prerequisite collateral.
Documentation is a key element in securing a loan. Ensuring you have the following documents handy will make the process that much smoother.
Education Loan Documents Checklist
A. Student
- Proof of Identity : Aadhar card, Pan Card, Voter ID Card
- Proof of Residence/Address : Passport mandatory in case of Studies Abroad Any Utility Bill
- Academic Records : 10th Result & 12th Result, Graduation Result- Semester-wise (if applicable), Provisional Degree / Degree Certificate, Transcript
- Entrance Exam Result : (e.g. IELTS, CAT, CMAT, JEE, NEET, CET, GMAT, GRE, TOEFL, etc.)
- Proof of admission : Offer Letter or Admission Letter from the Institution.
- Statement of cost of study ! Schedule of expenses
- University / College : Course prospectus (if available)
- 2 passport-size photographs
- A/C statement for last 1 year in case of any previous loan from other Banks/Lenders Education Loan Documents for Co-Applicant/ Financial Co-Applicant/ Guarantor
B. Co-Applicant/Guarantor
- Proof of Identity : Aadhar card, Pan Card, Voter ID Card
- Proof of Residence/Address (My one)
- 2 passport-size photographs
- NC statement for last 1 year in case of any previous loan from other Banks/Lenders
Co-Applicant if farmer
- Proof of Identity : Aadhar card, Pan Card, Voter ID Card
- Last 6 months bank statement
- Last 2 years ITR or income certificate from Mamlatdar / Talati (aavak no daakhlo)
- 7/12 no utaaro, 8 A no utaro
- Savings, investments if available
C. Income Proof for Salaried Co-applicant/ Guarantor
- Salary Slip (Last 6 Months) or Salary Certificate
- Copy of Form 16 and IT Returns acknowledged by IT Dept.
- Bank account statement for last 6 months (of Salary Account)
D. Income Proof for Self-employed Co-applicant/ Guarantor
- Business address proof (If applicable)
- IT Returns acknowledged by IT Dept., TDS Certificate (Form 16A, if applicable)
- Bank account statement for last 6 months
- Business Proof : GST Certificate, Shop establishment Certificate
How will DEC help you in securing an overseas education loan?
Disha Education Consultancy, with its 18 years of experience, is a veteran in the field of overseas education. At DEC, we believe in always bringing our best to the table and hence, our cadre of counsellors are trained to deliver endless support to our students.
With over 12,000 successful international admissions and 1,50,000 impeccably satisfied students and clients, we thrive on making dreams come true!
Our team is one hardworking bunch and will make sure you are supported on every step, beginning with career counselling to navigating financial hurdles.
Loan Procedure
The simplest four-step procedure for obtaining a study abroad loan.
