List of Approved Foreign Universities for Education Loan

Approved Foreign Universities for Education Loan
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It is important to apply to approved foreign universities for education loans. This leads to quicker loan processing. Banks require students to get admission to these reputed, accredited universities to be eligible for education loans. Bodies like UGC, HEIs, and IAO must recognise the universities.

Checking the list of approved foreign universities for education loans helps you make a decision quickly. The loan approval process also considers factors like academic record, entrance exam scores, and financial background. Check all the details about approved universities in various countries that are also recognised by banks providing education loans.

Which are the Approved Universities for Education Loans?

Indian banks and financial institutions prefer lending to students applying to one of the approved foreign universities for education loans. Hence, it is important to check and stay informed about whether your university is approved and recognised by the bank where you are applying for an education loan. Check the list of all the approved foreign universities of major study-abroad destinations below:

Approved Universities in the USA for Education Loan

The USA hosts many top-ranked, approved foreign universities for education loans, making it a prime destination for higher studies. As studying in the USA can be costly, students enrolled in these recognized universities can apply for education loans at leading financial institutions.

Students can conveniently secure collateral-free education loans for the USA, ensuring accessible funding for their academic journey.

UniversitiesQS World Rankings
Massachusetts Institute of Technology (MIT)1
Harvard University4
Stanford University5
University of California (Berkley, Davis, San Diego, Los Angles, Santa Barbara, Irvine, Santa Cruz, Riverside)Berkeley- 10
Los Angeles- 29
San Diego- 62
Santa Barbara- 163
Irvine- 268
Santa Cruz- 332
Riverside- 404
California Institute of Technology15
Princeton University17
The Yale University16
University of Chicago11
University of Illinois-Chicago323
Johns Hopkins University28
University of Pennsylvania12
Columbia University23
University of Michigan33
Duke University57
University of Washington63
Cornell University13
Northwestern University47
New York University (NYU)38
Georgia Institute of Technology97
Brown University73
University of Minnesota195
University of Southern California116
Ohio State University151
Pennsylvania State University83
University of Pittsburgh222
Rice University145
Boston University93
Georgetown University297
Dartmouth University237
Michigan State University136
University of Virginia260
North Eastern University375
University of Washington, St. Louis154

Must Read: Confused about choosing the right student loans for your higher studies? Here are a few tips on how to pick the Right Student Loans to Study Abroad.  

Approved Universities in the UK for Education Loan

One of the most sought-after academic destinations, the UK hosts esteemed universities from around the world. Universities of the UK are the alma mater of some of the stellar academicians, scientists, social workers, politicians, business professionals, and artists of human civilization.

Students can apply for these top scholarships in the UK and avail of collateral-free education loans for the UK by applying to one of these approved foreign universities for education loans.

UniversitiesQS World Rankings
The University of Oxford3
Imperial College London6
University of Cambridge2
University of Sussex218
University of Warwick67
University of Birmingham84
University College London
University of Nottingham100
University of Liverpool176
The University of Manchester32
London School of Economics (LSE) 45
University of St. Andrews95
University of Southampton81
The University of Edinburgh22
University of Exeter153
Lancaster University122
Durham University78
Cardiff University154
University of Sheffield104
King’s College London40
University of Leeds75
University of Bristol55
University of York167
University of East Anglia295
Queen Mary University, London145
University of Dundee441
University of Glasgow76
University of Leicester272
University of Aberdeen208
University of Reading169
Newcastle University110

Approved Universities in Australia for Education Loan

If you’re planning to study in Australia, numerous approved foreign universities offer excellent opportunities for Indian students. These globally recognized institutions attract students worldwide and are eligible for education loans from nationalized banks and NBFCs in India. Secure your admission to top Australian universities with hassle-free education loan options tailored for international studies.

Some of the best Australian scholarships for Indian students can be applied to some of these universities. 

UniversitiesQS World Rankings
Australian National University34
University of Queensland43
Monash University42
University of Sydney19
University of Adelaide89
University of New South Wales 19
University of Western Australia72
The University of Melbourne14

Approved Universities in Canada for Education Loan

Are you aiming to study in Canada? You’d be pleased to know that international students benefit from the same rights and freedoms that protect all Canadians. Apart from providing quality education, Canadian universities offer many different programs for the overall development of students. A

Inspiring students can also pursue some of the cheapest courses for international students in Canada by applying to one of these approved foreign universities for education loans.

UniversitiesQS World Rankings
The University of Toronto21
University of Alberta111
The University of British Columbia34
McMaster University189
University of Montreal141
McGill University 41030
University of Calgary182
University of Waterloo112

Approved Universities in Germany for Education Loan

This European nation has an excellent reputation when it comes to academics. The comprehensive and wholesome curriculum of the below-mentioned German universities helps international students become exceptional leaders, scholars, scientists, and artists of the future and makes studying in Germany the right decision for you. Germany blacked accounts for international students are a great way to manage your finances in the country. 

UniversitiesQS World Rankings
Ludwig-Maximilians-Universität (LUM) Munich54
Humboldt University of Berlin120
Technical University of Berlin154
Heidelberg University87
The University of Bonn239
Technical University of Munich37
Rheinisch Westfälische Hochschule (RWTH) Aachen University106
Free University of Berlin98
University of Würzburg440
University of Erlangen-Nuremberg229
University of Tübingen213
Technische Universität (TU) Dresden 246
University of Freiburg
University of Göttingen232
Karlsruhe Institute of Technology119
University of Mannheim454
The University of Hamburg205
The University of Münster384
The University of Cologne268
University of Konstanz478
University of Duisburg-Essen771-780

Approved Hong Kong Universities for Education Loan

Indian students seeking global education often choose Hong Kong for its world-class universities, which offer top-tier courses that enhance career growth. To fund studies at approved foreign universities, students can apply for education loans from various NBFCs and banks.

Below is approved foreign universities in Hong Kong for education loans:

UniversitiesQS World Rankings
Hong Kong University of Science and Technology 60
Hong Kong Polytechnic University65
Chinese University of Hong Kong47
City University of Hong Kong70
The University of Hong Kong26

Also Read: Examine the core benefits of Sparkasse Bank Acount for international students studying in Germany. 

Approved Universities in Taiwan for Education Loan

If any student has secured admission to National Taiwan University, they can apply for study abroad education loans to pursue the course of their liking.

UniversitiesQS World Rankings
National Taiwan University69

Approved Universities in Switzerland for Education Loan

Switzerland is a dream academic destination for students from all over the world. Plan your academic voyage in these universities to avail yourself of education loans from the government of India. 

UniversitiesQS World Rankings
Eidgenössische Technische Hochschule (ETH) Zürich7
University of Basel 124
University of Zurich 91
École Polytechnique Fédérale de Lausanne36
University of Bern 126
University of Lausanne220
University of Geneva 128

Approved Universities in Italy for Education Loan

The Land of the Leaning Tower and Pisa has universities with courses from different academic disciplines.  

UniversitiesQS World Rankings
Scuola Normale Superiore di Pisa
Scuola Superiore Sant’Anna

Approved Universities in France for Education Loan

Study art and culture in France at top universities approved for education loans. Secure funding from financial institutions offering competitive rates to enroll in the best art courses.

UniversitiesQS World Rankings
École Normale Supérieure184
Pierre and Marie Curie University
École Polytechnique 
Paris-Sud University

Approved Foreign Universities for Education Loan in the Netherlands

Securing an education loan for studying abroad is easier when you choose approved foreign universities for education loan programs. The Netherlands, renowned for its high-quality education and diverse English-taught programs, is home to several institutions recognized by banks and financial institutions for education loans.

Below is a list of approved universities in the Netherlands that can streamline your loan approval process for a world-class education.

UniversitiesQS World Rankings
University of Amsterdam53
Radboud University Nijmegen222
Utrecht University107
Tilburg University371
Erasmus University Rotterdam176
University of Groningen139
Eindhoven University of Technology124
Vrije Universiteit Amsterdam (VU) Amsterdam207
Delft University of Technology47
Wageningen University & Research151
University of Twente 210
Maastricht University256
Leiden University126

Approved Universities in Japan for Education Loan

Japan, a leader in innovation and education in Asia, offers exceptional opportunities for international students seeking quality higher education. Indian banks and financial institutions recognize select Japanese universities for education loans, enabling students to pursue their desired programs with financial ease.

Below is a list of top approved universities in Japan, along with their QS World Rankings, to guide your academic and loan application process.

UniversitiesQS World Rankings
University of Tokyo28
Kyoto University46

Approved Universities in China for Education Loan

China hosts four globally renowned universities approved for education loans, all ranking within the top 100 in the QS World Rankings. These institutions offer exceptional academic programs, making them ideal for students seeking financial assistance through education loans. Secure admission to these universities and build a bright future with globally recognized degrees.

UniversitiesQS World Rankings
Peking University12
University of Science & Technology of China 94
Fudan University34
Tsinghua University14

Approved Universities in Spain for Education Loan

Enroll in Spain’s top universities, recognized as approved foreign universities for education loans, to become global citizens and multilingual professionals. Immerse yourself in Europe’s rich culture while learning from world-renowned educators. These institutions offer exceptional programs and international exposure.

UniversitiesQS World Rankings
Pompeu Fabra University310
Autonomous University of Barcelona149

Approved Universities in New Zealand for Education Loan

New Zealand, a top destination for approved foreign universities for education loans, warmly welcomes Indian students. Its leading university fosters global perspectives and widens academic horizons. Pursue world-class education in a supportive, multicultural environment.

UniversitiesQS World Rankings
University of Auckland68

Approved Universities in Sweden for Education Loan

Sweden’s universities, approved for education loans, blend skill-based training with robust theoretical knowledge. Their innovative curricula empower students to excel in their fields. Choose these institutions for a practical, globally recognized education.

UniversitiesQS World Rankings
Lund University85
University of Gothenburg 187
Stockholm University 118
Uppsala University105
KTH Royal Institute of Technology73
Karolinska Institute

Must Read: Before applying for loans, know all about the minimum family income requirements for education loans in our blog.

Banks and NBFCs Offering Education Loans to Approved Foreign Universities

Nationalised Banks of India and Non-Banking Financial Institutions (NBFCs) provide education loans for students pursuing higher studies at approved foreign universities. These loans vary in amount and course eligibility, catering to diverse academic programs at esteemed international institutions.

To access education loans for approved foreign universities, students can explore options on the official websites of banks, NBFCs, or the Vidya Lakshmi Portal, ensuring a seamless application process for study-abroad funding.

Banks

  • State Bank of India (SBI)
  • Punjab National Bank
  • Axis Bank
  • HDFC Bank
  • Union Bank of India
  • Bank of India
  • Indian Overseas Bank

SBI Education Loan Abroad University List-

Please note that SBI doesn’t provide the list of approved foreign universities for education loans on its official website. However, students can pursue regular graduate, postgraduate, diploma, certificate, and doctorate courses in any field offered by foreign universities. These should be recognised universities in the following countries-

  • USA
  • UK
  • Canada
  • Australia
  • Singapore
  • Japan
  • Hong Kong
  • New Zealand
  • Europe (Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, United Kingdom)

As long as you are applying to pursue full-time regular courses at foreign colleges/universities in these countries, the State Bank of India considers your loan application for education loans.

NBFCs

  • HDFC Credila
  • Avanse Financial Services
  • International Students Loan Program (ISLP)
  • Global Student Loan Corporation (GSLC)
  • MPower
  • Prodigy Finance

Must Read: Confused about taking a loan from NBFCs or banks? Check out our blog on Which Option is Better for Education Loan: NBFC vs Bank?

FAQs

Which countries have universities approved for education loans?

Universities approved for education loans are located in the Netherlands, UK, USA, France, Spain, China, Japan, Taiwan, Australia, New Zealand, and Hong Kong. These countries host institutions recognized as approved foreign universities for education loan eligibility.

Which banks provide education loans for studying at approved foreign universities?

Leading banks such as SBI, PNB, Axis, and HDFC offer education loans specifically for students pursuing studies at approved foreign universities for education loan purposes.

Which NBFCs offer education loans for approved foreign universities?

Non-Banking Financial Companies (NBFCs) like HDFC Credila, Auxilo, Avanse, ISLP, and GSLC provide education loans tailored for students enrolled in approved foreign universities for education loan programs.

Can I secure a 100% education loan for studying at an approved foreign university?

Yes, private banks and NBFCs provide 100% education loans to international students for approved universities and cover the full cost of studying abroad. However, public banks may ask students to cover 10-15% of the costs through self-financing. 

Which countries are eligible for SBI education loans for approved foreign universities?

SBI education loans are available for students studying at approved foreign universities in Australia, Singapore, the Netherlands, Ireland, Canada, and the USA, ensuring access to recognized institutions for education loan funding.

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.

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2 thoughts on “List of Approved Foreign Universities for Education Loan”

    • Hi Iftikhar
      You can simply visit any public or private sector bank that is best suited for your requirements. Check the eligibility criteria of the bank and other major features before applying for a loan.
      For more details and easy finance solutions, reach out to our experts at 1800572126 to help ease your education loan and other services.

      Reply

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