An education loan helps students pursue higher studies in India or abroad without financial stress. In 2025, top Indian banks and NBFCs are offering low interest education loans, no-collateral study loans, and flexible EMI repayment options to make quality education accessible.
Education Loan for Abroad Studies Best Banks for Education Loan Govt Education Loan Schemes Education Loan EMI Calculator Education Loan Without Collateral✅ Types of Education Loans
1. Education Loan for Abroad Studies
Covers tuition fees, accommodation, travel, and living expenses. Popular for destinations like the USA, UK, Canada, and Australia.
2. Education Loan Without Collateral
Some banks and NBFCs provide study loans without property security, based on co-applicant income and credit score.
3. Government Education Loan Schemes
Schemes like Vidya Lakshmi Portal and Dr. Ambedkar Central Sector Scheme provide loans with interest subsidies for students.
4. Top Banks for Education Loan
Banks like SBI, HDFC Credila, ICICI, Axis Bank offer study loans with flexible repayment options and moratorium periods until course completion.
✅ Documents Required
- Aadhaar & PAN Card
- Admission letter from university/college
- Previous academic records
- Co-applicant’s income proof (salary slip/ITR)
✅ Final Thoughts
An education loan ensures you can achieve your academic dreams without worrying about finances. Always compare interest rates, processing fees, and repayment periods before applying.