Perfect Way

🏦 Education loans

Indian and international lenders that fund study abroad. Eligibility depends on admission, co-applicant income and collateral.

LenderTypeTypical amountEligibility
SBI Global Ed-VantageIndia · Bank₹7.5L – ₹1.5CrAdmission + co-applicant; collateral above ₹7.5L
Bank of Baroda Baroda ScholarIndia · BankUp to ₹1.5CrTop universities, collateral usually needed
HDFC CredilaIndia · NBFCUp to ₹1Cr+Unsecured options for strong profiles
Avanse / AuxiloIndia · NBFCUp to ₹75LFlexible, co-applicant income
Prodigy FinanceInternationalUp to 100% costNo collateral, based on future earnings; select schools
MPOWER FinancingInternationalUp to $100kUSA/Canada schools, no co-signer
Sallie Mae / DiscoverUSAUp to full costNeeds US co-signer

Step by step

  1. 1Get your university offer letter
  2. 2Calculate total cost (tuition + living)
  3. 3Compare interest, moratorium and fees
  4. 4Check eligibility with the bank
  5. 5Submit documents and collateral details
  6. 6Get sanction letter (needed for visa)
  7. 7Disbursement directly to university

Documents needed

  • Offer letter
  • Academic records
  • Test scores
  • Passport
  • Co-applicant income proof (ITR, salary slips)
  • Bank statements (6 months)
  • Collateral papers (if secured)
  • KYC (PAN, Aadhaar)
ℹ️ Use the loan calculator on the Money page to estimate your EMI.
← All guides