Calculators, Guides & Answers

It depends on the lender: ICICI Bank goes up to ₹3 crore, SBI and most PSU banks up to ₹1.5 crore, and NBFCs like Avanse offer ₹75 lakh+ unsecured for premium global universities.

Not for loans up to ₹7.5 lakh at PSU banks (IBA norm) or up to ₹40 lakh at most private banks and NBFCs. Larger amounts usually require collateral.

No — a co-applicant (usually a parent, guardian or spouse) is mandatory across PSU banks, private banks and NBFCs, as banks assess repayment capacity mainly through them.

The period during and after your course (typically course duration + 6–12 months) when no EMI is required, though simple interest may accrue.

After the moratorium ends — course duration plus 6 to 12 months, or sooner if you get a job before the course ends, per your sanction letter.

Most PSU banks charge zero prepayment penalty. Private banks and NBFCs may charge 1–2% if you prepay within the first 12–24 months — always check your sanction letter.

It damages both your and your co-applicant's CIBIL score. Contact your lender proactively — many offer moratorium extensions or step-up EMI plans instead of default.

Simple interest accrues during the moratorium. If you pay it as it accrues, your EMI later is significantly lower than if it's capitalised into the principal.

SBI, ICICI, HDFC Credila, Avanse, Auxilo and InCred all have strong US portfolios, with ICICI and Credila offering the highest amounts.

Not mandatory, but a strong score (GRE 320+ / GMAT 700+) can help unlock lower rates at some private banks as a proxy for earning potential.

Yes — most lenders issue an in-principle sanction based on a provisional or conditional offer letter, useful for visa applications.

A student forex card application, RBI LRS declaration, and university wire-transfer details are typically required at disbursement.

Yes, the Central Sector Interest Subsidy scheme continues to provide full interest subsidy during moratorium for eligible EWS students.

Padho Pardesh has closed down. SC/ST and minority students can now apply for the National Overseas Scholarship (NOS) via Ministry of Social Justice/Tribal Affairs or state-level Minorities Development Corporations.

Apply through the National Scholarship Portal or your bank's nodal officer with income and admission proof — the subsidy is credited directly against your loan account.

For OBC/EBC/DNT students clearing with >60% academic merit and family income < ₹2.5 lakh per annum.