Compare Education Loan Offers from 30+ Major Lenders
Udaan Edu Loans partners with leading Indian scheduled commercial banks and specialized education NBFCs. Compare interest rates, loan ceilings, margin money rules, and speed to secure the ideal financial partner.
| Lending Institution | Category | Interest Rate (p.a.) | Collateral-Free Limit | Secured Limit | Processing Time | Margin Money |
|---|---|---|---|---|---|---|
| State Bank of India (SBI Global Ed-vantage) Lowest interest rate • 0.50% concession for girl students • 15 years repayment | Public Sector Bank | 7.75% - 9.15% | Up to ₹7.5 Lakhs | Up to ₹1.5 Crore | 12 - 18 days | 10% - 15% |
| Bank of Baroda (Baroda Scholar) Covers top 150 global universities • No processing fee for premier institutions | Public Sector Bank | 7.90% - 9.30% | Up to ₹40 Lakhs (Premier Institutes) | Up to ₹1.5 Crore | 10 - 15 days | 10% |
| Punjab National Bank (PNB Udaan) Affordable interest structure • Flexible moratorium options | Public Sector Bank | 8.15% - 9.60% | Up to ₹7.5 Lakhs | Up to ₹1.25 Crore | 12 - 16 days | 15% |
| HDFC Bank (Education Loans Abroad) Pre-admission sanction • Covers tuition and living costs • Fast digital sanction | Private Bank | 9.25% - 11.50% | Up to ₹50 Lakhs | Up to ₹1.5 Crore | 4 - 7 days | 0% - 15% |
| ICICI Bank (International Education Loan) Direct remittance to universities • Instant sanction for select colleges | Private Bank | 9.50% - 11.75% | Up to ₹50 Lakhs | Up to ₹1.5 Crore | 4 - 6 days | 0% - 10% |
| Axis Bank (Study Abroad Loan) Multi-currency disbursement • Zero margin money available on select programs | Private Bank | 9.75% - 12.00% | Up to ₹50 Lakhs | Up to ₹1.25 Crore | 5 - 8 days | 0% - 15% |
| HDFC Credila India's dedicated education loan NBFC • 100% expense coverage • Pre-visa disbursal available | NBFC / Global Lender | 10.25% - 12.75% | Up to ₹75 Lakhs | Up to ₹1.5 Crore+ | 3 - 5 days | 0% |
| Avanse Financial Services Tailor-made repayment plans • Fast approval • Covers test prep & flights | NBFC / Global Lender | 10.50% - 13.00% | Up to ₹75 Lakhs | Up to ₹1.5 Crore | 3 - 5 days | 0% |
| Auxilo Finserve Flexible co-applicant criteria • Fast-track digital processing | NBFC / Global Lender | 10.75% - 13.25% | Up to ₹60 Lakhs | Up to ₹1.25 Crore | 3 - 5 days | 0% |
| InCred Finance Considers non-standard co-applicants • 100% virtual process | NBFC / Global Lender | 10.75% - 13.50% | Up to ₹60 Lakhs | Up to ₹1 Crore | 3 - 5 days | 0% |
| MPOWER Financing No Indian co-signer or collateral required • Disbursed directly in USD/CAD | NBFC / Global Lender | Fixed USD rates (from 11.99%) | Up to $100,000 (USD) | N/A (100% Collateral-Free) | 5 - 10 days | 0% |
Our Comprehensive Banking & NBFC Network
Whether you need public sector subsidies or private fintech agility, we have direct integrations.
12 Public Sector Banks
Government-backed safety, lowest floating rates, and Central Scheme for Interest Subsidy (CSIS) eligibility:
- State Bank of India (SBI)
- Bank of Baroda
- Punjab National Bank (PNB)
- Canara Bank
- Union Bank of India
- Bank of India
- Indian Bank
- Central Bank of India
- Indian Overseas Bank
- Bank of Maharashtra
- UCO Bank
- Punjab & Sind Bank
12 Private Commercial Banks
Fast turnaround times, digital KYC, pre-visa sanction letters, and competitive unsecured limits:
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- IDFC FIRST Bank
- Federal Bank
- South Indian Bank
- Karnataka Bank
- Yes Bank
- IndusInd Bank
- RBL Bank
- Bandhan Bank
9 Leading NBFCs & Fintechs
Specialized overseas underwriting, up to ₹75L collateral-free loans, 0% margin money, and USD disbursement:
- HDFC Credila
- Avanse Financial Services
- Auxilo Finserve
- InCred Finance
- MPOWER Financing
- Propelld
- Tata Capital
- Bajaj Finserv
- Poonawalla Fincorp
Frequently Asked Questions: Banks & Lenders
Evaluating credit scores, CIBIL inquiries, branch interactions, and rate negotiations.
Which bank is best for an education loan for study abroad in India?
Public banks (State Bank of India, Bank of Baroda, Canara Bank) are best for low interest rates (7.5% - 9.5%) when you have property collateral. Private banks (Axis Bank, ICICI Bank, HDFC Bank) and NBFCs (HDFC Credila, Avanse, Auxilo, InCred) are best for quick 3 to 5-day approvals and collateral-free loans up to ₹75 Lakhs.
What are the current interest rates offered by top study abroad lenders in 2026?
Public sector bank rates typically start at 7.50% to 9.25% (floating). Private banks offer secured loans at 8.75% to 10.5% and unsecured loans at 10.5% to 12.5%. NBFCs offer unsecured loans between 10.75% and 13.5% depending on GRE score, academic pedigree, and co-applicant income profile.
Do public banks like SBI require in-person branch visits?
While public banks traditionally required multiple branch visits, applying through Udaan Edu Loans streamlines the entire process into a 100% virtual, digital journey. Our dedicated bank relationship managers assist with paperless document verification and fast-track processing through specialized retail asset branches (RACPC/SMECCC) without requiring you to visit physical bank branches.
Can I compare multiple bank offers without hurting my CIBIL credit score?
Yes. When you check your eligibility with Udaan Edu Loans, we perform a soft profile assessment that has zero impact on your CIBIL score. We only submit formal loan files to lenders you specifically choose to proceed with.
Get Multi-Bank Sanction Letters in One Go
Submit one application with Udaan Edu Loans. We negotiate with multiple lenders simultaneously to get you the lowest interest rate.
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