What is the maximum loan amount you can get for studying abroad?

<p>As such, there is no limit set by the banks for offering education loans to students wanting to study abroad. It depends from bank to bank. The majority of the banks offer loans of up to INR 20-30 lakhs. Also, if the loan amount is more than INR 20 Lacs then the interest rate also increases.</p>

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<div><div><div><div><div>&nbsp;</div></div></div></div></div><div><div dir="auto" data-message-author-role="assistant" data-message-id="76dba541-c642-47a5-b872-ae5888405676" data-message-model-slug="gpt-4o-mini"><p>The maximum education loan amount available for studying abroad varies among Indian banks and financial institutions. Here are some options:</p><ul><li><p><strong>State Bank of India (SBI)</strong>: Offers loans up to INR 3 crore for studies abroad. Collateral-free loans are available up to INR 50 Lacs for select premier institutions.</p></li><li><p><strong>ICICI Bank</strong>: Provides loans up to INR 3 crore for international courses. Collateral requirements depend on the loan amount and the university.</p></li><li><p><strong>HDFC Bank</strong>: Offers loans up to INR 45 Lacs for studies abroad. For amounts exceeding INR 20 lakh, collateral is required.</p></li><li><p><strong>Axis Bank</strong>: Provides loans up to INR 20 Lacs for studies abroad. For amounts exceeding INR 4 lakh, a 15% margin is required.</p></li><li><p><strong>Punjab National Bank (PNB)</strong>: Offers loans up to INR 20 Lacs for studies abroad. For amounts exceeding INR 4 lakh, a 15% margin is required.</p></li><li><p><strong>Indian Overseas Bank</strong>: Provides loans up to INR 40 Lacs for studies abroad.</p></li><li><p><strong>Non-Banking Financial Companies (NBFCs)</strong>: Some NBFCs offer loans up to INR 75 Lacs or more for studying abroad.</p></li></ul><p>Please note that the actual loan amount you can avail depends on factors such as the course, university, collateral, and your co-applicant's financial profile. It's advisable to contact the respective bank or financial institution directly to understand the specific terms and conditions.</p><p>Hope this information helps. Please feel free to revert. Click on the thumbs up or mark it as the best, if you found this useful. Wish You Luck!</p></div></div>

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