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.
Table of contents
- Which are the Approved Universities for Education Loans?
- Approved Universities in the USA for Education Loan
- Approved Universities in the UK for Education Loan
- Approved Universities in Australia for Education Loan
- Approved Universities in Canada for Education Loan
- Approved Universities in Germany for Education Loan
- Approved Hong Kong Universities for Education Loan
- Approved Universities in Taiwan for Education Loan
- Approved Universities in Switzerland for Education Loan
- Approved Universities in Italy for Education Loan
- Approved Universities in France for Education Loan
- Approved Foreign Universities for Education Loan in the Netherlands
- Approved Universities in Japan for Education Loan
- Approved Universities in China for Education Loan
- Approved Universities in Spain for Education Loan
- Approved Universities in New Zealand for Education Loan
- Approved Universities in Sweden for Education Loan
- Banks and NBFCs Offering Education Loans to Approved Foreign Universities
- FAQs
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.
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.
Universities | QS World Rankings |
The University of Oxford | 3 |
Imperial College London | 6 |
University of Cambridge | 2 |
University of Sussex | 218 |
University of Warwick | 67 |
University of Birmingham | 84 |
University College London | – |
University of Nottingham | 100 |
University of Liverpool | 176 |
The University of Manchester | 32 |
London School of Economics (LSE) | 45 |
University of St. Andrews | 95 |
University of Southampton | 81 |
The University of Edinburgh | 22 |
University of Exeter | 153 |
Lancaster University | 122 |
Durham University | 78 |
Cardiff University | 154 |
University of Sheffield | 104 |
King’s College London | 40 |
University of Leeds | 75 |
University of Bristol | 55 |
University of York | 167 |
University of East Anglia | 295 |
Queen Mary University, London | 145 |
University of Dundee | 441 |
University of Glasgow | 76 |
University of Leicester | 272 |
University of Aberdeen | 208 |
University of Reading | 169 |
Newcastle University | 110 |
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.
Universities | QS World Rankings |
Australian National University | 34 |
University of Queensland | 43 |
Monash University | 42 |
University of Sydney | 19 |
University of Adelaide | 89 |
University of New South Wales | 19 |
University of Western Australia | 72 |
The University of Melbourne | 14 |
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.
Universities | QS World Rankings |
The University of Toronto | 21 |
University of Alberta | 111 |
The University of British Columbia | 34 |
McMaster University | 189 |
University of Montreal | 141 |
McGill University 410 | 30 |
University of Calgary | 182 |
University of Waterloo | 112 |
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.
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:
Universities | QS World Rankings |
Hong Kong University of Science and Technology | 60 |
Hong Kong Polytechnic University | 65 |
Chinese University of Hong Kong | 47 |
City University of Hong Kong | 70 |
The University of Hong Kong | 26 |
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.
Universities | QS World Rankings |
National Taiwan University | 69 |
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.
Universities | QS World Rankings |
Eidgenössische Technische Hochschule (ETH) Zürich | 7 |
University of Basel | 124 |
University of Zurich | 91 |
École Polytechnique Fédérale de Lausanne | 36 |
University of Bern | 126 |
University of Lausanne | 220 |
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.
Universities | QS 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.
Universities | QS World Rankings |
École Normale Supérieure | 184 |
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.
Universities | QS World Rankings |
University of Amsterdam | 53 |
Radboud University Nijmegen | 222 |
Utrecht University | 107 |
Tilburg University | 371 |
Erasmus University Rotterdam | 176 |
University of Groningen | 139 |
Eindhoven University of Technology | 124 |
Vrije Universiteit Amsterdam (VU) Amsterdam | 207 |
Delft University of Technology | 47 |
Wageningen University & Research | 151 |
University of Twente | 210 |
Maastricht University | 256 |
Leiden University | 126 |
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.
Universities | QS World Rankings |
University of Tokyo | 28 |
Kyoto University | 46 |
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.
Universities | QS World Rankings |
Peking University | 12 |
University of Science & Technology of China | 94 |
Fudan University | 34 |
Tsinghua University | 14 |
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.
Universities | QS World Rankings |
Pompeu Fabra University | 310 |
Autonomous University of Barcelona | 149 |
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.
Universities | QS World Rankings |
University of Auckland | 68 |
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.
Universities | QS World Rankings |
Lund University | 85 |
University of Gothenburg | 187 |
Stockholm University | 118 |
Uppsala University | 105 |
KTH Royal Institute of Technology | 73 |
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
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.
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.
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.
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.
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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Hi.i need information for studying loan.how a student can borrow money from bank and follow the education as a 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.