The Perfect Abroad Education Loan To Shape Your Future
Compare multiple deals, get expert support, and simplify everything from application to loan disbursement.
Why Choose Mentora Overseas?
HiWiPay isn’t just a place to find the best student loans, it’s your trusted overseas education partner for the entire journey. From interest rate comparisons to documentation and disbursement, we’re with you every step of the way.
- Work with India’s top banks & NBFCs
- Secure platform for education loans
- Compare education loan interest rates instantly
- Expert help for parents managing repayments
Partner Banks & Lenders
We’ve partnered with India’s leading banks to offer you the best interest rates and flexible repayment options for your abroad education loan.
State Bank of India
Starting 9.5%
HDFC Bank
Starting 9.5%
ICICI Bank
Starting 9.5%
Axis Bank
Starting 9.5%
Bank of Baroda
Starting 9.5%
State Bank of India
Starting 9.5%
State Bank of India
Starting 9.5%
State Bank of India
Starting 9.5%
Education Loan
Eligibility Criteria To Apply Student Loan
Are You Eligible For Abroad Education Loan?
Indian citizens with confirmed
conditional admission
Must have admission letter from recognized international university
Co-applicant
with regular income
Parent/guardian with stable income source as co-applicant
For undergrad/postgrad
courses abroad
Applicable for bachelor’s, master’s, or doctoral programs
Collateral for higher loan amounts
(optional for many loans)
May be required for loans above ₹7.5 lakhs depending on bank
Documents Needed to Fund Your
Education Abroad
Student Loan Application Checklist
Admission letter from desired university
Fee structure with breakup
One time KYC documents (student & parent)
Income proof for co-applicant
Collateral property papers (if needed)
Total Investment Range
USA/UK Universities
₹40-80L
Canada / Australia
₹25-60L
Europe / Others
₹20-50L
Note: Amounts vary based on university, course and location. Our experts will help you calculate exact requirements.
Apply for Overseas Education Loan
Your Step-by-Step Abroad Education
Loan Journey
From Loan Application to Disbursement in 5 Easy Steps
Tell us about your study plans (country, course, intake)
Get lender matches with interestrates and eligibility
Apply student loan online with our tech support team
Upload your documents and receive approval fast
Get funds disbursed to your university or bank account
Tell us about your study plans
(country, course, intakes)
Apply student loan online with
our tech support team
Get funds disbursed to your
university or bank account
Get lender matches with interest
rates and eligibility
Upload your documents and receive
approval fast
7-10 Days
Total Processing Time
From application to approval
99%
Success Rate
For eligible applicants
24/7
Support Available
Throughout the process
Planning a Loan as a Parent?
We know how crucial a decision is for your child and your finances. HiWiPay helps you:
1. Understand education loan interest rates
2. Calculate EMI options before applying
3. Select between fixed or floating interest
4. Get support for visa fee and accommodation planning
5. Dedicated support 24/7
Plan Smarter with Our Student Resources
Key Highlights Introduction Getting an education loan for abroad studies approved quickly can feel overwhelming, especially when you’re racing against...
Key Highlights Introduction Getting into a top public university abroad takes more than high grades. Today, admissions teams seek well-rounded...
Frequently Asked Questions
Indian students can apply for an education loan for study abroad through Banks or Non-Banking Financial Companies (NBFCs).
The process usually involves choosing a lender, submitting required documents; Academic, Financial, and KYC, and securing admission to a recognized foreign university.
You do not have to navigate the process alone. Mentora Overseas Education guides students step-by-step; from loan eligibility checks to preparing documents and connecting with trusted lenders.
The typical range of interest rates for an education loan for study abroad is 8% to 14%. This is dependent on the bank, NBFC, loan amount, repayment tenure, and whether collateral is provided.
With Mentora Overseas Education, students get access to partner banks and financial institutions offering competitive rates and customized solutions.
The most common documents required by most Indian banks and NBFCs are as follows, although they vary by lender:
- Admission Letter from a recognized foreign university
- Academic Records: 10th, 12th, Degree Marksheets
- Proof of Identity and Residence: Aadhar, PAN, Passport
- Income documents of parents/guardians: Salary Slips, ITR, Bank Statements
- Collateral documents (if applying for a secured loan)
Mentora Overseas Education provides a full checklist and helps students organize their paperwork correctly to avoid delays.
To be eligible for an education loan for study abroad, an individual must:
- Be a citizen of India
- Have secured admission to a recognized university abroad
- Pursuing a course like Undergraduate, Postgraduate, MBA, MS, MBBS, or Professional Diploma
- Have a Co-applicant (usually a parent/guardian) with stable income
With assistance of Mentora Overseas Education, students can get crucial information such as understanding eligibility and connection with the right financial institutions.
Depending on the University, course, and repayment capacity, Indian banks generally offer loans up to ₹20–40 lakhs without collateral, and up to ₹1.5 crore or more with collateral, depending on the course, university, and repayment capacity.
With the help of Mentora Overseas Education, students can maximise their loan approval amount to cover tuition, living, and other expenses abroad.
The following items are covered under an education loan for study abroad by most financial institutions:
- Tuition fees
- Hostel/living expenses
- Travel costs (airfare)
- Study materials, laptop, and books
- Examination/visa/insurance charges
- Any other essential academic expenses
Mentora Overseas Education ensures students apply for loans that comprehensively cover both academic and living costs abroad.