Foreign Education Loan for Abroad Studies: A Complete Guide for Students

    Updated on: 01 Dec 2023 12 min read

    Across the world, over 5 million students preferred a foreign country over their home nation to study further in 2016. In India, more than 3,00,000 students picked foreign studies, making it the biggest source of international students right after China.

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    What’s the Ideal Education Loan Option for Foreign Studies?

    • A secured foreign education loan from a public sector bank should be your first preference. 
    • If you lack solid collateral, then go for an education loan without collateral from a private bank. These loans have less interest and are tax-deductible
    • Your last preference should be an NBFC. Pick these if your CIBIL history or academic performance is weak, or if a private bank does not cover your choice of college.

    How can GyanDhan Help You with a Foreign Loan?

    Finding the right student education loan for foreign studies takes energy and time - a lot of it. And if by an iota of chance, it is rejected, all that effort is flushed down the drain. GyanDhan helps you on two fronts. One, we make sure that the effort on your part is minimal. Two, we increase the odds of loan approval.

    You can use our customizable EMI calculator to find loans that fit your pocket or better yet get in touch with our loan counsellors to make the foreign studies loan process a piece of cake!



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Written by Madhuwrita Nandi

Reader, writer, music lover!


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Reviewed by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.


Specializes in:
Education loan , Study Abroad Admissions


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GyanDhan is India's first education financing marketplace.



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