A Domestic Education Loan is a type of student loan provided to individuals who wish to pursue higher education within India. It covers expenses such as tuition fees, books, accommodation, travel, and other education-related costs for courses at recognized Indian institutions.
An International Education Loan (also called an Overseas Education Loan) is a loan designed to help students study abroad. It covers the cost of tuition, living expenses, travel, insurance, books, and other related expenses in foreign universities or institutions. These loans are typically offered by banks, NBFCs (Non-Banking Financial Companies), and international lenders.
An Undergraduate Loan is a loan provided to students who are pursuing a bachelor’s degree or diploma after completing their higher secondary education (Class 12).
A Graduate Loan is given to students who are pursuing a postgraduate or master’s degree such as M.A., M.Sc., M.Tech, MBA, or PhD.
Student Loan Refinancing means replacing your existing education loan with a new loan from a different lender—usually at a lower interest rate, better terms, or more flexible repayment options. It is most commonly used after graduation when the borrower has a stable income and a good credit profile.