17 lenders · reviewed 2026-11

Education Loan Lenders for Abroad Studies Compared

Public banks, private banks, NBFCs and international lenders each suit different families. Use this directory to see who lends what, then let us compare written offers for your profile.

Public banks: lowest secured rates
NBFCs: fastest unsecured loans
International: no co-signer
Independent comparison

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Quick answer

Which lender is best for an education loan for abroad studies?

There's no single best lender. With property to pledge, public banks such as SBI and Bank of Baroda usually give the lowest rates (≈ 8.5%–10.5%). Without collateral, private banks (IDFC FIRST, ICICI, Axis) and NBFCs (Credila, Avanse, Auxilo, InCred) lend more flexibly at ≈ 10.5%–14%. Without a co-applicant, international lenders such as Prodigy Finance and MPOWER fund supported schools. MPOWER says it has paused new loans for 2026, so line up Prodigy Finance or an Indian lender as well.

Ask on WhatsAppUpdated November 2026 · Reviewed by the Visa Edu Loans loan & visa desk

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Lenders at a glance

Terms reviewed November 2026: figures marked "as published" are quoted from the lender's own site; the rest are indicative. Each lender page links to its official source.

Lenders at a glance
Lender	Type	Without collateral	Rate (indicative)
SBI	Public sector bank	Collateral-free up to ₹50 lakh for select premier institutions on SBI's list	≈ 8.5%–10% a year for secured loans in 2026 (floating)
Bank of Baroda	Public sector bank	Reported collateral-free up to about ₹40 lakh for premier-list institutions	≈ 8.5%–10.5% a year in 2026 (floating)
PNB	Public sector bank	No tangible security or third-party guarantee up to ₹7.5 lakh under PNB Udaan	≈ 8.5%–10.5% a year in 2026 (floating)
Canara Bank	Public sector bank	Under the IBA model scheme, loans above ₹7.5 lakh need tangible collateral covering at least 100% of the loan	≈ 8.5%–10.5% a year in 2026 (floating)
Union Bank	Public sector bank	Reported collateral-free up to about ₹40 lakh for premier institutions	≈ 8.5%–10.5% a year in 2026 (floating)
Bank of India	Public sector bank	Limited collateral-free amounts under the model scheme	≈ 8.5%–10.5% a year in 2026 (floating)
HDFC Bank	Private bank	Unsecured amounts for selected universities and strong profiles	12.50% a year shown on HDFC Bank's foreign-education rates page (checked Nov 2026)
ICICI Bank	Private bank	Unsecured amounts for selected universities and courses	From 9.00% a year (secured) and 10.25% (unsecured) for studies abroad, as published by ICICI Bank
Axis Bank	Private bank	Unsecured amounts for selected universities and courses	≈ 9.5%–12.5% a year in 2026, profile-based
IDFC FIRST	Private bank	Collateral-free up to ₹75 lakh for study abroad, as stated on the bank's website	≈ 10%–13% a year for unsecured loans in 2026
Credila	NBFC (non-bank lender)	Unsecured loans commonly reported in the ₹40–75 lakh range depending on the university and co-applicant	From 9.95% a year for secured loans (floating), as published by Credila
Avanse	NBFC (non-bank lender)	Unsecured loans commonly reported in the ₹40–75 lakh range for eligible profiles	≈ 11%–14% a year in 2026, profile-based
Auxilo	NBFC (non-bank lender)	Unsecured loans for eligible universities	≈ 11%–14% a year in 2026, profile-based
InCred	NBFC (non-bank lender)	No collateral up to ₹1.5 crore, as published by InCred (T&C apply)	From 10.50% a year, as published by InCred (T&C apply)
Tata Capital	NBFC (non-bank lender)	Collateral-free options depend on the institution, course and co-applicant	≈ 10.5%–14% a year in 2026, profile-based
Prodigy Finance	International lender	No collateral and no co-signer — the loan is based on your future earning potential	From 10.90% (variable)
MPOWER	International lender	No collateral and no co-signer — based on academic potential and the school	As low as 9.99% fixed (10.89% APR, including a 0.25% autopay discount), as published by MPOWER

Lender types

Which type of lender fits you

Public sector banks

Lowest secured rates and very high limits; slower, and collateral is usually needed above ₹7.5 lakh.

Private banks

Faster than public banks, with unsecured options for listed universities.

NBFCs

Most flexible and fastest; higher rates and fees; often 100% funding.

International lenders

No collateral or co-signer for supported schools; loans in foreign currency.

FAQs

Frequently asked questions

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Ask a counsellor directly — we reply on WhatsApp during working hours (Mon–Sat, 9 AM–6 PM IST).

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Public banks usually do for secured loans. For unsecured loans, compare written offers — the cheapest lender depends on your university and co-applicant.

Yes. NBFCs are regulated by the RBI. They usually cost more but are faster and more flexible.

We charge fixed consultation fees, published on our pricing page. Lenders make every credit decision.

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Education Loan Lenders for Abroad Studies Compared

Compare lenders for your profile

Which lender is best for an education loan for abroad studies?

Lenders at a glance

Which type of lender fits you

Public sector banks

Private banks

NBFCs

International lenders

Frequently asked questions

Which bank gives the lowest interest rate for abroad education loans?

Are NBFC education loans safe?

Does Visa Edu Loans charge lenders or students?

Keep exploring

Public sector banks

Private banks

NBFCs

International lenders

Lender comparisons

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