To support aspiring international students, Andhra Bank (now merged with Union Bank of India) offers tailored education loan schemes for overseas studies. One key resource for applicants is the Andhra Bank education loan college list to study abroad, which includes internationally recognised universities eligible for loan support.
This blog explores all about Andhra Bank education loan college list to study abroad, how this bank supports overseas education through its education loan schemes, including eligibility, and covered expenses.
Table of contents
Andhra Bank Education Loan Approved Colleges List to Study Abroad
After its 2020 merger, Andhra Bank’s loan policies are now managed by Union Bank of India, which doesn’t provide a fixed list of approved institutions. Instead, the Andhra Bank education loan college list for studying abroad includes recognised international universities offering full-time undergraduate or postgraduate programs.
Here are the key destinations and institution types eligible for the Andhra Bank education loan for study abroad.
- Popular Destinations: USA, UK, Canada, Australia, Singapore, Japan, Germany, France, and other European countries.
- Institution Types: Universities or Institutions offering degree or diploma programs in areas such as engineering, medicine, management, and aeronautics, which are accredited by bodies like the UGC or recognised international agencies.
Such as :
| Country | Examples of colleges and universities | |
| USA | Harvard University, MIT, Stanford University, University of California Berkeley, NYU | |
| UK | University of Oxford, University of Cambridge, Imperial CollegeUniversity of Edinburgh, King’s College | |
| Canada | University of Toronto, University of British ColumbiaMcGill University, University of Alberta | |
| Australia | University of Sydney, University of Melbourne, Monash University | |
| Germany | Technical University of Munich, Heidelberg UniversityUniversity of Freiburg, RWTH Aachen | |
- Verification Process: The Union Bank education loan to study abroad evaluates the accreditation status of the institution and examines how the chosen course aligns with career opportunities in India or abroad.
Students can connect with Union Bank or trusted loan facilitators to confirm if a specific university is eligible, ensuring alignment with the Andhra Bank education loan college list to study abroad.
Also Read:
Recent Updates to Eligible Institutions
The Andhra Bank education loan college list to study abroad is periodically updated to reflect global educational trends. Recent changes enhance accessibility for applicants pursuing studies in emerging destinations.
- Expanded Coverage: Inclusion of institutions in countries like Singapore and Germany, known for affordable yet high-quality education.
- Streamlined Verification: Collaboration with some online platforms in order to reduce the processing time of education loans by up to 65%.
- Focus on University Accreditation: Emphasis on internationally recognised institutions or NAAC-accredited to ensure good quality of education.
These updates make the loan scheme more inclusive, supporting a broader range of academic programs and destinations.
Andhra Bank Education Loan Eligibility Criteria for Approved College Abroad
Securing an education loan requires meeting specific eligibility criteria to ensure the applicant and co-applicant can manage the repayment. The Andhra Bank education loan college list to study abroad outlines clear requirements to qualify for funding, ensuring that only eligible candidates who have secured admission are eligible for support.
- Nationality: Only Indian nationals are eligible to apply.
- Admission: The student should have been admitted to a recognized international institution based on academic merit or performance in an entrance examination.
- Academic Record: A minimum of 65% marks in the qualifying examination (e.g., HSC or equivalent) for merit-based admissions.
- Age: Applicants must be between 17 and 35 years old.
- Co-applicant: Parents, spouse, or a close relative must act as a co-applicant to guarantee repayment.
Meeting these eligibility criteria for approved college ensures a smooth application process, aligning with the bank’s goal of supporting deserving candidates.
Documents Required to Apply for Andhra Bank Education Loan for Approved College List
Submitting the right documents is critical for loan approval. The Andhra Bank education loan college list to study abroad requires specific paperwork to verify eligibility and financial credibility. Here are the required documents:
| Document | Purpose |
| Admission Letter | Confirms enrollment in a recognised institution |
| Academic Certificates | Verifies academic performance (e.g., HSC marks) |
| Proof of Identity | Aadhaar, PAN, or passport for the applicant and co-applicant |
| Proof of Income | Salary slips, Form 16, or ITR of the co-applicant |
| Bank Statements | Last six months’ statements for financial assessment |
| Collateral Documents (if applicable) | Property deeds or other securities for secured loans |
These documents streamline the verification process, ensuring faster loan approval and disbursement.
How to Apply for an Andhra Bank Education Loan College List Abroad
Applying for the Andhra Bank education loan college list to study abroad is straightforward, thanks to Union Bank’s streamlined process. The application can be initiated online or at a branch, ensuring accessibility for all applicants.
- Visit the Official Website: Access Union Bank of India’s website or the Vidya Lakshmi Portal to start the application.
- Select Loan Scheme: Choose the education loan for abroad studies and specify the country, college, course, and loan amount.
- Upload Documents: Submit all required documents, including admission letters and proof of identity/income.
- Submit Application: Review details and submit the application online or at the nearest branch.
- Track Application: Monitor the status via the Vidya Lakshmi Portal or by contacting the bank.
Processing typically takes 15–30 days, depending on the loan amount and documentation completeness.
Also Read:
- Union Bank Education Loan Disbursement Process
- Union Bank SUD Life Shiksha Suraksha II for Education Loan Insurance
The Andhra Bank education loan college list to study abroad, now managed by Union Bank of India, empowers aspiring scholars to achieve their global education dreams. With competitive interest rates, flexible repayment terms, and coverage for a wide range of expenses, the Union Bank loan scheme supports studies at prestigious international institutions.
FAQ
The Andhra Bank education loan college list, now managed by Union Bank of India, includes internationally recognised universities offering full-time undergraduate or postgraduate programs in well-known countries like the UK, USA, Australia, Canada, Germany, and Singapore. The bank evaluates institutions based on accreditation and course relevance.
Contact Union Bank of India directly or consult trusted loan facilitators to verify if your university aligns with the bank’s criteria for recognised institutions.
The loan covers degree and diploma courses in fields like engineering, medicine, management, aeronautics, and other programs recognised by international accreditation agencies or regulatory bodies like the UGC.
Recent updates include expanded coverage for institutions in emerging destinations like Singapore and Germany, streamlined verification processes with some online platforms, and a focus on NAAC-accredited or internationally recognised institutions.
The Andhra Bank education loan covers tuition fees, living expenses, travel costs, examination fees, library charges, and other academic-related expenses, ensuring comprehensive financial support.
Applicants must be Indian citizens, aged 17–35, with secured admission to a recognised international institution through merit or entrance tests, and a minimum of 65% marks in their qualifying exam. A co-applicant (parent, spouse, or relative) is required.
Required documents include an admission letter, academic certificates, proof of identity (Aadhaar, PAN, passport), proof of income (salary slips, ITR), bank statements, and collateral documents (if applicable).
Apply online via Union Bank’s website or the Vidya Lakshmi Portal, select the abroad education loan scheme, upload required documents, and submit the application. You can also visit a branch to apply.
Andhra Bank education loan for abroad processing typically takes 15–30 days, depending on the completeness of documentation and the loan amount.
Interest rates vary based on the loan amount and scheme. For accurate details, visit Union Bank of India’s official website or contact their customer service.
To learn more about bank accounts for students, the best education loans, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
Follow Us on Social Media
