🔑 Key Features of an International Education Loan
| Feature | Details |
|---|---|
| Loan Amount | ₹10 lakhs to ₹1.5 crore (depending on country & course) |
| Coverage | Tuition, books, living costs, airfare, insurance, visa fees, etc. |
| Tenure | Up to 15 years (including moratorium period) |
| Interest Rate | ~9% to 15% p.a. (can vary by lender and profile) |
| Moratorium Period | Course duration + 6–12 months grace period |
| Margin Money | 0%–15% (you may need to contribute part of the cost) |
| Collateral | Required for loans over ₹7.5 lakhs (property, FD, etc.) |
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✅ Eligibility Criteria
| Criteria | Description |
|---|---|
| Nationality | Indian citizen |
| Admission Status | Must have secured admission in a recognized foreign institution |
| Co-applicant | Usually mandatory (parent/guardian/sponsor based in India) |
| Academic Record | Strong academic background preferred |
| Credit Score | Good credit history of co-applicant important |
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📄 Expenses Covered
Tuition fees and university charges
Books and supplies
Travel and visa costs
Accommodation (hostel/rent)
Health insurance
Laptop and study-related equipment
Exam, library, and lab fees