Education loans usually cover most of the major costs associated with studying abroad, including:

• Tuition fees charged by the university

• Accommodation or living expenses

• Travel expenses such as flight tickets

• Books, study materials, and equipment

• Health insurance required by the university

• Examination or laboratory fees

Coverage may vary depending on the lender and the loan scheme.

Different lenders offer different loan limits. In many cases, students can access loans ranging from ₹5 Lakhs to ₹1 Crore or more depending on the lender, university, and student profile.

Some lenders may offer higher limits for students admitted to top-ranked universities.

Collateral requirements depend on the loan amount and the lender.

• Loans up to ₹7.5 Lakhs are often available without collateral from many banks.

• Some banks offers

  Collateral free loans upto 1 Crore

• Higher loan amounts may require collateral such as property, fixed deposits, or other financial security.

Some private lenders may offer collateral-free loans for eligible profiles.

A moratorium period is the time during which the student is not required to start full loan repayment.

Typically, the moratorium includes:

Course duration + up to 6–12 months after graduation

This allows students time to secure employment before starting EMI payments.

Repayment tenure usually ranges from 10 to 15 years, depending on the loan amount and lender policies. Some lenders may offer flexible repayment options to reduce the financial burden on students.

Most lenders will request the following documents:

• Admission letter from the university

• Academic records (mark sheets and certificates)

• Identity and address proof

• Passport copy

• Income proof of co-applicant

• Bank statements

• Property documents (if collateral is required)

Additional documents may be requested depending on the lender.

Education loan interest rates vary depending on the lender, loan amount, university, and student profile. Typically, interest rates may start from around 8.5%–11% per annum, but the final rate will be determined during the loan approval process.

Yes. Under Section 80E of the Income Tax Act, borrowers can claim tax deductions on the interest paid on education loans. The deduction is available for up to 8 years from the start of repayment.

Approval timelines vary depending on documentation, lender verification, and collateral requirements. In many cases, the process may take between 7 to 20 working days once all documents are submitted.

Yes. Students can usually apply for an education loan after receiving the university offer letter. The loan sanction letter is often required during the visa application process to demonstrate proof of funds.

Yaxley Global assists students in connecting with leading education loan providers. Our advisors help students understand loan options, prepare the required documentation, and guide them through the application process so they can secure suitable funding for their overseas education.