Education Loan for Abroad Studies

Up to 100% finance available
Up to 100% finance available
Repayment tenure up to 15 years
Repayment tenure up to 15 years
Tax benefits under section 80E
Tax benefits under section 80E
Apply for an Education Loan
Select Country
Select Loan Amount
By clicking on this checkbox, I hereby agree to Terms and Conditions and Privacy Policy of Credila Financial Services Ltd (Credila) Read More...

*T&C Apply

View All

Calculate Student Loan EMI
Reset

₹
1 Lakh1 Crores
Months
60180
%
715

Calculate Student Loan EMI Reset

emi-icon

Your Result
Reset

Total
₹ 0
Total

₹ 0

 
₹ 0
₹ 0
₹ 0

*These are tentative calculations, Click here to read more details on this calculator

*View details of section 80E of Income Tax Act, 1961

Find the Right Path for Your

Study Abroad Journey

GET STARTED

Interest Rates for Abroad Study Loan

FeatureDetails
Interest Rate (Floating)10.25% onwards
Processing Fees1.25% + GST
Prepayment & Foreclosure ChargesNone

Eligibility Criteria for an Education Loan for Studying Abroad

CriteriaDetails
Who Can ApplyStudents, parents, guardians (co-applicants)
Age CriteriaNo age limit
Academic QualificationsUndergraduate or Graduate programs
Eligible CoursesDomestic – MBA, MBBS, MD; International – All courses
Eligible InstitutionsRecognised universities, colleges, vocational institutes
Eligible CountriesAll countries except war zones

Required Documents for Student Loans for Studying Abroad

When applying for an education loan in Kerala, it's crucial to prepare and present specific documentation to ensure a smooth application process. Here's an overview of the necessary documents required for both unsecured education loans and secured education loans:

Basic Documents Required:

  • icon

    Online Application Form : To initiate your loan application.

  • icon

    Identity Proof : This could be your Aadhaar Card, Voter ID, Passport, or Driving License.

  • icon

    Address Proof : Same as identity proof options like Aadhaar Card, Voter ID, Passport, or Driving License.

  • icon

    Confirmation of Enrollment : An official admission letter from the educational institution.

  • icon

    Educational Records : Certificates from your 10th, 12th, and undergraduate studies.

  • icon

    Proof of Income for the Last Three Months : This includes pay slips or a company letter.

  • icon

    Form 16 for the Past Two Years : For salaried co-applicants showing taxed income.

  • icon

    Income Tax Return (ITR) for the Previous 2 Years : To demonstrate financial history.

  • icon

    Financial Documents : Balance sheets and profit/loss accounts for self-employed co-applicants.

  • icon

    Statement on Breaks in Academic or Employment History : If applicable, must be documented on Rs. 100 stamp paper.

How to Apply for an Abroad Education Loan?

A simple and transparent journey.

How to Apply for an Abroad Education Loan?

Features and Benefits of Education Loan for Abroad Studies

  • A simpler way to pay

    A simpler way to pay

    We make getting an education loan easy so that you can focus on what matters most, your education.

  • The benefit of tax saving

    The benefit of tax saving

    Added tax deductions that help bring down your cost of financing.

  • Flexible repayment schedules

    Flexible repayment schedules

    Repayment tenures of up to 15 years.

  • A prior promise of funds

    A prior promise of funds

    Benefit from seamless loan sanctions.

  • We cover it all

    We cover it all

    Up to 100% financing of tuition and cost of living.

  • Pan-India network of branches

    Pan-India network of branches

    Enjoy multi-city co-borrower(s) and collateral acceptance.

  • Great rates. All the way.

    Great rates. All the way.

    Customised interest rates that fit your need.

  • Dream big. Achieve bigger.

    Dream big. Achieve bigger.

    Need a loan of INR 1 crore or more? Not a problem.

  • No hidden charges

    No hidden charges

    What you see is what you pay.

When is the Right Time to Apply for a Loan for Overseas Education?

Typically, international students begin their study abroad journey between June and September. To ensure a smooth process, here’s a timeline to help you plan your education loan application effectively:

When is the Right Time to Apply for a Loan for Overseas Education?

Why Choose Credila for Student Loan to Study Abroad

  • A simpler way to pay
  • Easy education loan process for a stress-free experience.
  • A prior promise of funds
  • Get a seamless loan sanction before your admission.
  • Competitive interest rates
  • Customised interest rates to suit your financial needs.
  • The benefit of tax saving
  • Tax deductions help reduce your overall financing cost.
  • End-to-End Digital Process
  • Loan tenure up to 15 years.
  • Flexible repayment schedules
  • Loan tenure up to 15 years.
  • Pan-India network of branches
  • Multi-city co-borrower(s) and collateral acceptance.
  • No hidden charges
  • Transparent loan process with no surprises.
Why Choose Credila

Frequently Asked Questions

A study abroad loan is financial assistance that covers tuition, living expenses, and other costs for students pursuing higher education overseas.

Students who need financial support to cover tuition fees, living expenses, and travel costs often consider a student loan to study abroad.

Yes, Credila offers education loans for studying abroad, covering tuition fees, accommodation, and other related expenses.

Yes, Credila provides up to 100% financing for education abroad, covering tuition, accommodation, and living expenses.

Yes, unsecured education loans are available, but the loan amount and eligibility depend on the applicant's academic and financial profile.

Yes, you are allowed pre-approved education loans, but final approval is usually granted only after admission confirmation.

Loans are available for undergraduate, postgraduate, diploma, and professional courses in recognised foreign universities.

Yes, under Section 80E of the Income Tax Act, borrowers can claim tax benefits on the interest paid.

Repayment periods vary, typically ranging from 5 to 15 years.

While the name may have changed to Credila Financial Services Limited from HDFC Credila Financial Services Limited, the company continues to offer education loans to students just as it did under its former name.

VIEW ALL

Our Students Success Stories

"Credila is an outstanding option for students planning to study abroad. Thanks to the exceptional support from the team, I received prompt loan approval and disbursement well ahead of my university deadline. I'm immensely grateful to Credila for their invaluable assistance. "
Anmol Agarwal

Anmol Agarwal

International University of Applied Sciences (IUBH)

Berlin, Germany

"In my experience with Credila, I found their service to be nothing short of exceptional. They not only provided me with the financial support I needed for my education but also offered invaluable guidance throughout the process. Their quick and efficient loan disbursement process ensured that I could focus on my studies without financial worries, and their priority-based approach to issue resolution demonstrated their commitment to customer satisfaction. I was highly impressed with their service and couldn't be more satisfied with the entire experience. I wholeheartedly recommend Credila to anyone in need of an education loan.

I must also commend the relationship managers, who were an integral part of my positive experience. Their dedication is a testament to Credila's commitment to excellence in customer service. Their support played a crucial role in making my educational journey smooth and successful, and I'm immensely grateful for their exceptional service."
Ameya Shahu

Ameya Shahu

Arizona State University

Arizona

"My relationship manager was of great help starting from document preparation to loan processing. They went out of the way to answer all my queries. I highly recommend Credila for higher studies from abroad for their no-nonsense approach and dedicated consumer support."
Abhinav Kshitij

Abhinav Kshitij

University of Oxford

Last updated on : 3rd March, 2025

We are here to help you

Call UsCall Us

Let’s talk about how we can make it easier for you.

1800-209-3636
Call UsWrite to Us

Your education loan is now just a text away.

loan@credila.com
Call UsVisit a Nearby Branch

Meet our representatives to see how we can help you.

Find Brancharrow
Apply for an Education Loan
Click Here!
Arrow Icon