Best Education Loan in India to Study Abroad 2025: Compare Top Banks & NBFCs

Introduction

Dreaming of studying abroad in 2025? You are not alone. Every year, thousands of Indian students pack their bags for global universities but before the flight tickets and I-20s come the biggest question: how to fund your education abroad?

With tuition fees crossing ₹25–60 lakhs and living costs adding another ₹10–15 lakhs, education loans are no longer optional. But the moment you start comparing, it gets overwhelming: SBI vs ICICI vs Axis, government banks vs NBFCs, collateral vs no collateral.

That’s where Lorien Finance steps in. With 18+ lenders under one roof, interest rates starting at 3.39% for select programs*, and quick loan sanction and disbursal with verified documents, we simplify your study abroad financing so you can focus on your dream university.

What Makes a Study Abroad Loan “Best” in 2025?

Before jumping into lender names, it’s important to understand what separates an average loan from the best study abroad education loan:

1. Competitive Interest Rates – The lower the rate, the less EMI burden after graduation.
2. Collateral Flexibility – Options for both secured (with collateral paper) and unsecured (no collateral) loans.
3. Higher Loan Amounts – Covering up to ₹1.5 Cr ensures tuition + living costs are managed.
4. Repayment Flexibility – Moratorium period during study years plus grace period post-study.
5. Quick Sanction & Disbursal – Timing is crucial for visa deadlines and tuition fee payments.
6. Global Coverage – Acceptance of loan sanction letters by top universities abroad.

Best Banks for Education Loan in India to Study Abroad (2025)

Government and private banks are the first choice for many Indian families because of their trust factor and competitive rates. Here are some of the best banks as per Lorien Finance’s lender network:

Why banks may work for you: If your family can provide collateral papers (like property deeds or registration papers), banks usually offer lower rates and higher loan amounts.

Best NBFCs for Abroad Education Loan in India (2025)

NBFCs (Non-Banking Financial Companies) are popular among students who either don’t want to pledge collateral or need faster sanctioning. Lorien Finance partners with the top NBFCs in India:

Why NBFCs may work for you: They are ideal for students who need no collateral loans or time-sensitive sanction letters for university deadlines. Plus another added advantage is to get no co-signer loan

Secured vs Unsecured Loans: Which Should You Choose?

One of the most common dilemmas for Indian families is whether to go for a secured or unsecured loan. Here’s a quick breakdown:

• Secured Loan (with collateral paper):
  • Lower interest rates.
  • Higher loan amounts (up to ₹1.5 Cr).
  • Requires family property or assets as security.
• Unsecured Loan (no collateral):
  • Higher interest rates (starting at 10.25%* for NBFCs).
  • Faster approval.
  • Ideal for students without property or who want independent financing.

Tip: If you have strong academic and financial backing, NBFCs may offer you unsecured loans at competitive rates. If you can provide collateral, banks are usually more cost-effective in the long run.

How Lorien Finance Helps You Get the Best Loan

Instead of spending weeks hopping from one bank branch to another, here’s how Lorien Finance makes the process seamless:

• One Application, 18+ Lenders: Compare offers from SBI, ICICI, Axis, Credila, Avanse, InCred, Auxilo, and more.
• Quick Sanction & Disbursal: Get your loan sanctioned fast and disbursed in time for your visa, provided you submit complete verified documentation.
• Personalized Guidance: Our experts match your profile to the right lender (bank or NBFC) to maximize your approval chances.
• Multiple loan types: From No Collateral to No Co-signer study abroad loans we got them all.
• Beyond Loans: Access forex services, accommodation guidance, and student insurance, essentials for your study abroad journey.

Check your eligibility now

The Bottom line..

The best education loan in India to study abroad in 2025 isn’t one-size-fits-all. It depends on your profile, whether you can provide collateral, and how quickly you need the sanction letter. Banks like SBI and ICICI are great for secured loans with lower interest rates, while NBFCs like Avanse and Auxilo are perfect if you need no collateral options and faster approvals. At the end of the day, your dream university should not be delayed because of complicated financing. With Lorien Finance’s one-application process, lender comparisons, and student-first approach, we ensure your loan is the easiest part of your study abroad journey. Click on Apply now to start your application today and secure your 2025 study abroad loan hassle-free.

Disclaimer: Loan terms are subject to bank/NBFC policies. T&C apply.

FAQs

Which bank is best for a study abroad loan in 2025?
SBI and Bank of Baroda offer some of the lowest interest rates (10.15%*), while Axis and ICICI provide faster approvals with flexible options.

Can I get a study abroad loan without collateral in India?
Yes, NBFCs like Avanse and Auxilo, as well as some private banks, offer unsecured education loans for eligible profiles.

What is the maximum loan amount I can get?
Banks like SBI and ICICI offer up to ₹1.5 Cr with collateral, while NBFCs like Avanse and Auxilo can provide unsecured loans up to ₹1 Cr–₹1.5 Cr depending on your profile.

How fast can I get my loan sanctioned?
With complete verified documentation, Lorien Finance ensures quick loan sanction and disbursal — often within days, depending on lender requirements.