Overseas education loan for management courses


Management courses have created new hype among youngsters. The corporate lifestyle is somewhat cherished among youngsters, which has become the reason for them to opt out for management courses. Moreover, the youth prefer studying management courses abroad because of the wide range of prospects open to them.

 However, the high cost of studying and living abroad scares students a little. But now, students aspiring to study abroad need not worry about the cost, as overseas education loans have kept them covered. Study abroad loans are widely available for students planning to study abroad for management courses. An individual can contact an Education Loan Guru if they wish to avail of an education loan for abroad studies.

Top financial institutions offering education loans for management courses abroad:

Numerous banks extend overseas education loans for management courses abroad, including reputable banks like

  • State Bank of India
  • Yes Bank
  • IDFC First Bank
  • HDFC Bank
  • Bank of Baroda

Beyond traditional banks, several non-banking financial companies (NBFCs) also offer financing options for studying abroad in management courses. Some notable NBFCs that offer financing options for studying abroad in management courses include

  • Prodigy Finance,
  • Avanse, and
  • Auxilo

These institutions provide tailored loan solutions specifically designed to support students pursuing management education overseas, broadening the spectrum of financial opportunities available for aspiring students.

Interest rates for education loans to study management degrees abroad:

When considering the repayment of an education loan abroad, the interest rate stands as a significant factor. The interest rate is the primary concern for individuals seeking educational funding. Particularly for management courses abroad, the interest rates typically fluctuate between 9% and 14%. These loans for overseas education generally fall into two categories: collateral-based and non-collateral-based loans.

For instance, in the case of collateral-based overseas education loans for management courses, the interest rates hover between 9% and 11%, offering more favourable terms due to the provided collateral. Conversely, non-collateral-based education loans for studying abroad usually entail interest rates ranging from 11% to 14%. It's crucial for prospective students to thoroughly assess and compare these rates before applying for an education loan abroad to fund their studies overseas, ensuring they select the most suitable and financially viable option for their circumstances.

Eligibility criteria for a management degree abroad:

An individual is eligible for an overseas education loan only if they adhere to the following criteria:

  • Citizenship Requirement: The applicant must be an Indian citizen.
  • Educational Qualifications: The applicant should be enrolled in a full-time undergraduate (UG) or postgraduate (PG) course recognized by UGC and AICTE. Previous education (secondary and higher secondary) must be completed by a recognised state board (e.g., the Haryana Board for School Education) or at the central level by boards like CBSE or ICSE.
  • Co-applicant requirement: A co-applicant is mandatory for the application. Eligible co-applicants may include parents, guardians, siblings, first cousins, spouses, or individuals specified by the financial institution.

Documents required for an Overseas Education Loan:

List of documents that are required for overseas education loans for management courses:

  1. Passport-size photo
  2. Pan card
  3. Aadhar card
  4. Passport
  5. 10th and 12th marksheets and certificates
  6. Achievement: Graduation marksheet with degree
  7. IELTS, GRE, and PTE Score Card
  8. An admission letter including the fee structure
  9. Student work experience is valuable if the student is working.

How do I apply for an overseas education loan for management courses through Education Loan Guru?

If you're aspiring to enrol in management courses such as MBA, Masters in Financial Administration, PGDM, Masters in Marketing Management, and more, Education Loan Guru is here to assist you. Our process for applying for an education loan is straightforward:

  1. Initiate Your Application: Start by visiting our website and signing up to start your application process. This marks the first step towards securing your overseas education loan.
  2. Guidance from Financial Advisors: Once you apply through Education Loan Guru, expect a call from our financial loan advisor. They will provide comprehensive guidance and support throughout the loan acquisition process.
  3. One Application for Multiple Banks: You can use a single application to approach multiple banks. Education Loan Guru ensures competitive interest rates and favourable repayment terms for study abroad loans.
  4. Timely Loan Sanction: Upon processing your application, Education Loan Guru is committed to ensuring prompt and efficient sanctioning of your loan.

Our dedication lies in simplifying the loan application process and securing the best possible terms for your study abroad journey, thus facilitating your educational aspirations.

Why choose an Education Loan Guru for an education loan?

Education Loan Guru is a leading fintech company that simplifies the process of securing student loan for study abroad. Our cutting-edge platform ensures a seamless experience, guiding aspiring students through every step of obtaining their study abroad loans. Our innovative technology accepts a single application across multiple banks and NBFCs, streamlining the process for management course loans. For instant access to student loans online, connect with the Education Loan Guru today.


In conclusion, pursuing a management course abroad offers a world of opportunities, yet the financial aspect can be daunting. However, with the availability of overseas education loans tailored for these specific educational pursuits, students can turn their aspirations into reality. Recognised financial institutions like banks and NBFCs, including stalwarts such as the State Bank of India, Yes Bank, Prodigy Finance, and Avanse, extend their support to make this journey accessible.

Understanding the nuances of interest rates, eligibility criteria, and required documentation is important for making informed decisions. Education Loan Guru serves as a beacon in this landscape, simplifying the application process, offering expert guidance, and ensuring a seamless experience by connecting students with multiple lenders through a single application.

By leveraging technology and expertise, Education Loan Guru stands poised to empower students, making their dreams of pursuing management courses abroad an achievable reality. Contact us today to start your educational journey with confidence and financial support.

By Education Loan Guru