Collateral – free Education Loan upto ₹ 1 Cr – Indian Banks for Studying Abroad

Many students hold a dearly held desire of receiving a top-notch education overseas, which can lead to a variety of chances and interesting experiences. The costs involved with studying abroad, however, might be a substantial barrier. This is where student loans for international study can save the day and provide deserving students a chance at success. Many banks and financial institutions provide student loans overseas to aid with tuition fees, living costs, and other associated charges. Students who want to begin this transforming journey must comprehend the interest rates, application procedure, and deadlines associated with obtaining such free education loans. In this post, we’ll go through the ins and outs of Free Education loan for abroad studies, giving readers the knowledge they need to decide what they want to do with their lives after graduation.

Note: – The time for the loan approval is different for all loan providers. See all the provided information properly and choose accordingly.

Portals to apply for Education loan in India

1. Vidya Lakshmi Portal

Vidya Lakshmi Portal is a Ministry of Education, Government of India initiative, providing an online platform for students seeking educational loans. It simplifies the process of finding suitable loans by offering various schemes from multiple banks and financial institutions. Students can access essential information on interest rates, loan terms, and repayment options for informed decisions about their financial future. The initiative aims to promote affordable higher education, empowering students to contribute to the nation’s growth and development.

There are 3 simple steps using which you can apply for a Free Educational loan in Vidya Lakshmi Portal. They are:

    1. Go on the Portal and get yourself registered.
    2. Fill up one single form that you will find there.
    3. Apply to multiple bank.

2. JanSamarth Portal

The JanSamarth Portal serves as a digital platform linking 12 government-sponsored credit schemes, including the Central Sector Interest Subsidy (CSIS) for education loans. This scheme offers up to 4% interest rate subsidy on loans for students pursuing full-time courses at recognized foreign universities, with a maximum loan amount of ₹7.5 lakh. The subsidy is applicable for a maximum of 15 years and can be applied for through the portal by submitting a loan application form to a participating bank.

To get free educational loan from JanSamarth Portal you need to follow this following steps:

    1. Check your eligibility: – Answer few questions and get matched with best suitable scheme(s).
    2. Apply Online: – Provide basic details & documents and the advanced technologies would capture/auto-fill required details through smart analytics.
    3. Get Digital Approval: – View offers from 200+ Lenders and get Digital Approval from selected bank.
    4. Track your Application: – Check the real time status of your application at your convenience.


In conclusion, free educational loans for studying abroad are essential for students to pursue academic excellence globally. With careful planning and research, these loans provide a pathway to overcome financial barriers, allowing aspiring scholars to seize opportunities for personal growth and future success.

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