Watch How GradRight Secured the Best Option for Students Going Abroad

25000 Cr+

loans requested

Indians served

2.5 lakh

1,304 Cr+

saved in student debt

Government Loan Schemes: Low Rates, High Benefits

What you will learn:

How to get a loan

Loan amount you can get

Eligibility rules

Documents required

How to apply

Types of loans

Interest rate comparison

Best banks

Key terms

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Lower interest rates

Higher loan amounts

Simple approval process

Interest subsidy

Generous moratorium period

Collateral free loan

Flexible repayment options

Tax benefits

Frequently Asked Questions (FAQs)

Who is eligible for a government education loan?

You must be an Indian citizen
Age should be between 18 to 35
Good academic records are mandatory
A good score in standardized tests is an advantage when applying for abroad studies
Family income should not be more than 6 to 8 lakhs

What are some popular government education loan schemes?

Vidya Lakshmi Portal Education Loan
Gujarat Government Education Loan for Studying Abroad
Education Loan Scheme of the NBCFDC
Padho Pardesh Scheme
Dr Ambedkar Central Sector Scheme

Is there any subsidy on education loan for abroad studies by the Indian government?

Yes, there are several government schemes to avail interest subsidies on education loans, such as the Central Scheme of Interest Subsidy, and Credit Guarantee Fund Scheme to name a few.

When will the repayment start for the education loan for abroad studies by the Indian government?

The repayment tenure usually starts 6 months or 1 year after the program completion or after getting employed, whichever is first.

Can I get the total cost for studying abroad as an education loan?

Private banks and private lenders like Non-Banking Finance Companies (NBFCs) do cover the full cost of studying abroad. However, public banks may ask the students to cover 10-15% of the cost through self-financing. The rest would be taken care of with the education loan.

Does the government give money to study abroad?

Yes, there are many fully funded scholarships for Indian students offered by governments, universities, and private organisations to cover tuition, living expenses, and travel.

Eligibility for an Education Loan for Abroad Studies by the Government

Admission letter from university

60% or more in Class 12

Valid minority background proof

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Maximize Benefits from Govt. Ed-Loans for Your Studies Abroad

Maximize Benefits from Govt.
Ed-Loans for Your Studies Abroad

Get an in-depth understanding of

Eligibility requirements

Government loan schemes

Benefits over bank loans

One-stop portal for applying to 45 banks to borrow a loan up to 1.5 Cr.

Vidya Lakshmi Portal

Students without collateral/co-applicant can get ₹7.5L loan

Credit Guarantee Fund Scheme for Education Loans (CGFSEL)

Loan of ₹30L or 90% course fee available for scheduled caste students

National Scheduled Castes Finance & Development Corporation (NSCFDS)

Loan up to ₹1.5 Cr for abroad studies—no visa required upfront

SBI Ed-vantage scheme

Religious minority students can get up to ₹7.5L loan without collateral.

Padho Pardesh Scheme

Popular Ed-Loan Schemes Offered by the Government

One-stop portal for applying to 45 banks to borrow a loan up to 1.5 Cr.

Vidya Lakshmi Portal

For students who do not have any collateral or co-applicant. They can get a non-collateral of 7.5 lakhs.

Credit Guarantee Fund Scheme for Education Loans (CGFSEL)

Loan amount of INR 30 Lakh or up to 90% of the course fee can be taken if you belong to a scheduled caste.

National Scheduled Castes Finance & Development Corporation (NSCFDS)

Get loan of up to 1.5 Cr to study abroad even before your visa approval with a tenure of up to 15 years.

SBI Ed-vantage scheme

For students of religious minority groups who want education loans up to INR 7.5 lakh without needing collateral.

Padho Pardesh Scheme

Popular Ed-Loan Schemes Offered by the Government

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One-stop portal for applying to 45 banks to borrow a loan up to 1.5 Cr.

Vidya Lakshmi Portal

For students who do not have any collateral or co-applicant. They can get a non-collateral of 7.5 lakhs.

Credit Guarantee Fund Scheme for Education Loans (CGFSEL)

Loan amount of INR 30 Lakh or up to 90% of the course fee can be taken if you belong to a scheduled caste.

National Scheduled Castes Finance & Development Corporation (NSCFDS)

Get loan of up to 1.5 Cr to study abroad even before your visa approval with a tenure of up to 15 years.

SBI Ed-vantage scheme

For students of religious minority groups who want education loans up to INR 7.5 lakh without needing collateral.

Padho Pardesh Scheme

Popular Ed-Loan Schemes Offered by the Government

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