How much education loan can I get for studying abroad?

Education loans for studying abroad range from ₹20 Lakh to ₹1.5 Crore depending on the bank and country. SBI offers up to ₹1.5 Crore, HDFC Credila up to ₹45 Lakh without collateral. EEC helps you choose the best loan option.

What is the interest rate for education loans in India?

Education loan interest rates in India range from 8.5% to 12% p.a. SBI offers from 8.65%, HDFC Credila from 9.5%, Bank of Baroda from 8.45%. Rates depend on loan amount, collateral, and co-borrower profile. EEC helps compare rates.

Can I get an education loan without collateral?

Yes! Several banks offer collateral-free education loans: SBI (up to ₹20 Lakh), HDFC Credila (up to ₹45 Lakh), Prodigy Finance (up to full tuition). Eligibility depends on university ranking and co-borrower income.

What documents are needed for an education loan?

Key documents: admission letter, passport, academic transcripts, co-borrower income proof (ITR, salary slips), bank statements, property documents (if collateral), KYC documents. EEC provides a complete checklist for each bank.

What is the moratorium period for education loans?

The moratorium period (repayment holiday) is typically course duration + 6-12 months after completion. Some banks offer simple interest-only payments during the moratorium. EEC helps you understand repayment timelines.

Is there a tax benefit on education loans?

Yes! Under Section 80E of the Income Tax Act, the interest paid on education loans is fully deductible (no upper limit) for up to 8 years from the start of repayment. Only the interest portion qualifies, not the principal.

What is a GIC account for Canada?

GIC (Guaranteed Investment Certificate) is a key financial requirement for the Canada study permit. You need to deposit approximately CAD $22,895 in a designated Canadian bank (IRCC cost-of-living minimum from 1 Sep 2025; SDS was discontinued on 8 Nov 2024). The amount is returned in monthly installments after arrival.

What is a blocked account for Germany?

A blocked account (Sperrkonto) is required for German student visa. You must deposit approximately €11,904 (2026) in a German blocked account. You can withdraw a fixed monthly amount after arriving in Germany.

Does EEC help with education loan processing?

Yes! EEC provides free education loan counseling — bank comparison, document checklist guidance, application support, and follow-up. We work with SBI, HDFC Credila, Bank of Baroda, ICICI, Prodigy Finance, and more.

Which bank is best for education loan for studying abroad?

Best banks depend on your needs: SBI (lowest rates, up to ₹1.5 Cr), HDFC Credila (quick processing, no collateral up to ₹45L), Bank of Baroda (competitive rates), Prodigy Finance (international students, no co-signer). EEC helps compare options.

Education Loan for Study Abroad 2026 — SBI, HDFC…

A

Akshat Patel

Ahmedabad · Maninagar, Ahmedabad

A week ago

“I’m extremely happy to share that I have successfully received my student visa! 🎓✈️brbrA big thank you to EEC for their excellent guidance and support throughout my entire admission and visa process....”

Google Review

M

meet gajjar

Vadodara · Nizampura

A month ago

“I had a really good experience with EEC Nizampura during my entire visa process. From the beginning, the team helped me with everything and guided me step by step. Whenever I had any doubts or questio...”

Google Review

S

Snd Yadav

Vapi · Vapi

2 weeks ago

“Highly recommend EEC for study abroad! I applied for a BSc (Hons) Top Up at the University of Sunderland (Sept 2026) after my diploma from Govt. Polytechnic Jaunpur, and the entire process was complet...”

Google Review

P

Pikal Patel

Bharuch · Bharuch

3 weeks ago

“Thank you so much EEC BHARUCH TEAM, for the smooth process of visitor visa. Specially Darshan sir, and team for the help with all the paper work, documents and visa filing. I got my visitor visa in fi...”

Google Review

D

darji jeet

Surat · Parvat Patia (Dumbhal), Surat

3 weeks ago

“Recently,I got Student Visa for Scotland, thanks to EEC PARVATPATIYA and their team,who helped me through this journey,the process was very smooth.brbrThanks to Vidhi ma'am to provide me such a good U...”

Google Review

C

Chaudhary Jaydip

Vadodara · Nizampura

3 weeks ago

“Thank YoubrbrThank you, EEC, for your excellent support and guidance throughout my Canada student visa application process. I’m very happy to share that I have received my student visa! 🎉brbrI truly ...”

Google Review

S

shashwat dodia

Vadodara · Alkapuri

A week ago

“I am happy to receive my Uk visa, the Visa filing process was very accurate and the team is very energetic to answer the queries at any time. Thankyou EEC”

Google Review

D

Dhruv Rana

Bharuch · Bharuch

A month ago

“🇫🇷 🇫🇷 🇫🇷brbrI had a great experience with EEC Bharuch throughout my France study abroad journey. They guided me from my admission to Montpellier Business School to the entire Campus France proce...”

Google Review

F

FALAK MANSURI

Vadodara · Nizampura

A week ago

“I sincerely thank EEC for their excellent support throughout my student visa process. The entire journey was smooth and hassle-free, with timely updates and accurate guidance at every step. Their prof...”

Google Review

M

Maitri Kaswala

Surat · Mota Varachha, Surat

2 weeks ago

“Hi everyone! My name is Maitri Kaswala, and I’m super happy to share that I received my Canada student visa today for my Master’s in Medical Biotechnology at the University of Windsor. 🇨🇦🎓✨brbrI wo...”

Google Review

A

Amisha Parmar

Ahmedabad · Nikol, Ahmedabad

4 weeks ago

“My name is Amisha, and I recently took an inquiry regarding studying in Finland.brI had quite a few doubts about the courses, universities, eligibility, admission process, fees, intakes, scholarships,...”

Google Review

R

Rohit

Ahmedabad · Nikol, Ahmedabad

2 weeks ago

“My name is Rohit, and I booked my IELTS exam date through EEC Nikol.brbrMy overall experience has been excellent from the very beginning. The entire IELTS booking process was smooth, quick, and hassle...”

Google Review

A

Akshat Patel

Ahmedabad · Maninagar, Ahmedabad

A week ago

“I’m extremely happy to share that I have successfully received my student visa! 🎓✈️brbrA big thank you to EEC for their excellent guidance and support throughout my entire admission and visa process....”

Google Review

M

meet gajjar

Vadodara · Nizampura

A month ago

“I had a really good experience with EEC Nizampura during my entire visa process. From the beginning, the team helped me with everything and guided me step by step. Whenever I had any doubts or questio...”

Google Review

S

Snd Yadav

Vapi · Vapi

2 weeks ago

“Highly recommend EEC for study abroad! I applied for a BSc (Hons) Top Up at the University of Sunderland (Sept 2026) after my diploma from Govt. Polytechnic Jaunpur, and the entire process was complet...”

Google Review

P

Pikal Patel

Bharuch · Bharuch

3 weeks ago

“Thank you so much EEC BHARUCH TEAM, for the smooth process of visitor visa. Specially Darshan sir, and team for the help with all the paper work, documents and visa filing. I got my visitor visa in fi...”

Google Review

D

darji jeet

Surat · Parvat Patia (Dumbhal), Surat

3 weeks ago

“Recently,I got Student Visa for Scotland, thanks to EEC PARVATPATIYA and their team,who helped me through this journey,the process was very smooth.brbrThanks to Vidhi ma'am to provide me such a good U...”

Google Review

C

Chaudhary Jaydip

Vadodara · Nizampura

3 weeks ago

“Thank YoubrbrThank you, EEC, for your excellent support and guidance throughout my Canada student visa application process. I’m very happy to share that I have received my student visa! 🎉brbrI truly ...”

Google Review

S

shashwat dodia

Vadodara · Alkapuri

A week ago

“I am happy to receive my Uk visa, the Visa filing process was very accurate and the team is very energetic to answer the queries at any time. Thankyou EEC”

Google Review

D

Dhruv Rana

Bharuch · Bharuch

A month ago

“🇫🇷 🇫🇷 🇫🇷brbrI had a great experience with EEC Bharuch throughout my France study abroad journey. They guided me from my admission to Montpellier Business School to the entire Campus France proce...”

Google Review

F

FALAK MANSURI

Vadodara · Nizampura

A week ago

“I sincerely thank EEC for their excellent support throughout my student visa process. The entire journey was smooth and hassle-free, with timely updates and accurate guidance at every step. Their prof...”

Google Review

M

Maitri Kaswala

Surat · Mota Varachha, Surat

2 weeks ago

“Hi everyone! My name is Maitri Kaswala, and I’m super happy to share that I received my Canada student visa today for my Master’s in Medical Biotechnology at the University of Windsor. 🇨🇦🎓✨brbrI wo...”

Google Review

A

Amisha Parmar

Ahmedabad · Nikol, Ahmedabad

4 weeks ago

“My name is Amisha, and I recently took an inquiry regarding studying in Finland.brI had quite a few doubts about the courses, universities, eligibility, admission process, fees, intakes, scholarships,...”

Google Review

R

Rohit

Ahmedabad · Nikol, Ahmedabad

2 weeks ago

“My name is Rohit, and I booked my IELTS exam date through EEC Nikol.brbrMy overall experience has been excellent from the very beginning. The entire IELTS booking process was smooth, quick, and hassle...”

Google Review

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