HDFC Bank Abroad Education Loan Parameters

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Loan Limit

Upto ₹1Cr (Collateral)
Upto ₹50 Lac (Without Collateral)

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11% - 14%

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12 months \ 10 years



Margin Money


Processing Fee

1.5% to 2% + GST

Processing Time

10 - 15 days

Prepayment Charges

Any prepayment made in excess of the 25% threshold will incur prepayment charges of 2% of the prepaid amount from any source.

Study Level & Course

  • Secured loan is available for all levels of courses.
  • Unsecured loan is available only for PG (Stem and Management courses).

Expenses Covered

  • Tuition fees
  • Travelling cost
  • One-way airfare
  • Accommodation expenses
  • Purchase of books, instruments, and uniforms

Property Acceptable

  • Residential flat
  • House
  • Shop

Collateral & Non-Collateral



  • Parents
  • Grandparents
  • Immediate family members

Offer Letter

  • Pre-Admission Loan allows students to secure funding for their education before receiving a final admission confirmation from the educational institution.
  • Based on a conditional offer letter, students can proceed with the loan application and loan disbursement process.
  • This helps students to have the necessary financial support in place to pursue their studies without delays.


Eligibility criteria for the borrower
  • The student applying for the Education Loan should be an Indian citizen and at least 18 years old.
  • The student should be enrolled as a full-time student in a recognized institution.
  • An earning co-borrower in India is required to cosign the Education Loan.
Eligible Courses
  • All full-time courses from recognized colleges and universities in major countries like the USA, the UK, Canada, Singapore, Australia, Germany, France, etc.
Eligible Countries
  • HDFC Credila offers education loans for studying in over 35+ different countries across the world, including the USA, Canada, the UK, Germany, Australia, Singapore, France, etc.


  • No margin money required, allowing borrowers to borrow the full cost of education.
  • Customization options available to tailor the loan terms and repayment structure to the borrower's needs.
  • Expedited approval process in emergency cases to provide quick financial assistance.
  • Assistance provided during loan disbursements to ensure smooth transactions.
  • Pre-visa loan disbursement option available to meet early financial requirements.
  • Flexibility for the co-borrower in terms of income and eligibility criteria.
  • Income tax benefits available on the interest paid on the education loan.
  • Pre-admission education loan sanction provided to secure funding before final admission confirmation.

How To Apply:-

  • Apply online by filling out the application form and uploading the required documents.
  • The application will go through processing and approval, where the lender will review the application and verify the documents.
  • Once the loan is sanctioned and approved, the funds will be disbursed to the borrower. The borrower will receive the loan amount either through a bank transfer or as a direct payment to the educational institution.


  • Applicant and Co-applicant KYC
  • Academic Records
  • Proof of admission
  • Entrance Exam Result(if applicable)
  • Statement of cost of study/ Schedule of expenses
  • Income Proof for Salaried Co-applicant/ Guarantor (if applicable)
  • Bank account statement for last 6 months etc
  • Property Documents (if applicable)


IDFC First provides education loans to students planning to study abroad up to 40 Lakhs.

IDFC Bank takes less than 48 hours to disburse the loan amount after all the documentation is complete. On the basis of documentation, the bank makes the final decision to approve it or not.

A student who is approaching IDFC Bank for an education loan to study abroad will enjoy certain benefits, including:

If the loan requirement is more than INR 40 lakhs, then the collateral is certainly required. Also depends on the course and country.

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