What is a study abroad loan?

An International Education Loan is designed to help students cover the financial costs of studying abroad, making global education more accessible. Studying in countries like the UK, USA, Canada, Australia, and Europe comes with significant expenses beyond tuition—accommodation, living costs, travel, books, and more. That’s where international education loans come in, offering a financial safety net for students aiming to fulfill their dreams of studying overseas. With Sage Edu Loan services, you don’t have to worry about these costs. Our international education loan experts will help you connect with the right lending partner whether you need a loan with or without collateral, we offer flexible options tailored to your needs. No matter where you're headed, Sage EduLoans has you covered

Do you need an education loan?

The perfect time to start your Study Abroad Process

12 months in Advance

Initial Research and Planning

8 to 9 months

Prepare with SICS & Appear for Entrance Exams

6 Months

Prepare Application Documents and Apply to Universities with SICS Pvt. Ltd.

4 Months

Follow-Up on Applications and Apply for an Education Loan with Sage Edu Loan

3 Months

Confirm Admission and Loan Approval

2 Months

Visa Application and Visa Interview

1 month

Prepare Application Documents and Apply to Universities with SICS Pvt. Ltd.

Travel to your dream study abroad destination and join the classes

TYPES OF STUDY ABROAD LOANS

Secured education loan:

Requires the borrower to offer any collateral like immovable property, FD, Insurance Policy etc. against which the loan is offered.
Lower rate of interest. The chances of approval are high.
Longer repayment period. A higher loan amount can be availed.
No repayment during the study period.
Parental income is not required for approval

Unsecured education loan:

The borrower does not need to offer any collateral to get this loan.
Higher interest rate, usually 1.5% – 4% higher than the secured loan.
Is a more risky proposition for the bank, hence is not so easy to obtain a loan without collateral from the bank.
Comparatively shorter repayment period. Some repayment during the study period.
Parental income is required for approval.

Types of lenders offering education Loans for abroad Studies

Banks: Traditional financial institutions that offer education loans to students pursuing studies abroad and are further divided into public and private banks.
NBFCs: Non-Banking Financial Companies are financial institutions that offer various financial services similar to traditional banks but operate without a banking license.
International Lenders: Financial entities based outside your home country that specialize in offering international education loan for international students.

ELIGIBILITY CRITERIA & REQUIRED DOCUMENTS

General Eligibility Criteria to Acquire Overseas Educational Loans:

Indian citizen
Generally, age should be within 18-35 years
Confirmed admission at an international institution
Sound academic record
Requires a co-borrower, for instance, parents/guardians acting as a guarantor for the loan
Meet the Requirement for collateral (if required)

Documents Required for Overseas Education Loan:

The last authorized examination’s mark sheet
Proof of admission
Course’s schedule of expenses
Scholarship confirmation letter copy
Two passport-size photographs
Borrower’s bank account statement for last six months
Assessment order of income tax, not later than two years
A short statement of assets and liabilities of the borrower

LOAN AMOUNT & WHAT YOUR LOAN COVERS?

Loan Amount:At Sage Edu Loans, we understand the importance of pursuing your academic dreams without limitations. That’s why we assist you in acquiring tailored international education loans that cater to your unique financial needs. The loans provided by our partners start at INR 1,00,000, however, there is no upper limit on the loan amount for eligible candidates, so you can finance your education completely, regardless of the costs. We don’t require any margin contribution, ensuring that your focus stays on your studies, not your finances. Our holistic funding approach covers tuition fees, living expenses, and more, so you can achieve your dream of studying abroad without any obstacles.