List of Approved Foreign Universities for Education Loan

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 which are also recognised by banks providing education loans.

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.  

Which are the Approved Universities for Education Loans?

Indians 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

The USA is home to some of the top-ranked universities in the world. As this country is slightly more expensive as compared to others, students enrolled in the below-mentioned universities can apply for education loans at concerned financial institutions. Students can easily apply for collateral-free education loans for the USA.

Universities	QS World Rankings
Massachusetts Institute of Technology (MIT)	1
Harvard University	4
Stanford University	5
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 Technology	15
Princeton University	17
The Yale University	16
University of Chicago	11
University of Illinois-Chicago	323
Johns Hopkins University	28
University of Pennsylvania	12
Columbia University	23
University of Michigan	33
Duke University	57
University of Washington	63
Cornell University	13
Northwestern University	47
New York University (NYU)	38
Georgia Institute of Technology	97
Brown University	73
University of Minnesota	195
University of Southern California	116
Ohio State University	151
Pennsylvania State University	83
University of Pittsburgh	222
Rice University	145
Boston University	93
Georgetown University	297
Dartmouth University	237
Michigan State University	136
University of Virginia	260
North Eastern University	375
University of Washington, St. Louis	154

Approved Universities in the UK

One of the most sought-after academic destinations, the UK hosts esteemed universities of 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 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 the 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

If you’re planning to study in Australia, you should know that universities in this island country have students from across the globe. Indian students can secure admission to the below-mentioned universities with education loans from nationalised banks and NBFCs of the nation. 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

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

spiring 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

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. 

Universities	QS World Rankings
Ludwig-Maximilians-Universität (LUM) Munich	54
Humboldt University of Berlin	120
Technical University of Berlin	154
Heidelberg University	87
The University of Bonn	239
Technical University of Munich	37
Rheinisch Westfälische Hochschule (RWTH) Aachen University	106
Free University of Berlin	98
University of Würzburg	440
University of Erlangen-Nuremberg	229
University of Tübingen	213
Technische Universität (TU) Dresden	246
University of Freiburg	–
University of Göttingen	232
Karlsruhe Institute of Technology	119
University of Mannheim	454
The University of Hamburg	205
The University of Münster	384
The University of Cologne	268
University of Konstanz	478
University of Duisburg-Essen	771-780

Approved Universities in Hong Kong

Indian students go to Hong Kong to enrol in world-class universities that offer exceptional courses designed to widen the growth opportunities of students. If any student is interested in the following universities, they can apply for education loans at different NBFCs and banks.

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

If any student has secured admission to National Taiwan University, he/she/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

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

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

Universities	QS World Rankings
Scuola Normale Superiore di Pisa	–
Scuola Superiore Sant’Anna	–

Approved Universities in France

France is the land of art and culture. Enrol in the best art courses at these universities with the assistance of education loans from financial institutions providing loans at lucrative rates. 

Universities	QS World Rankings
École Normale Supérieure	184
Pierre and Marie Curie University	–
École Polytechnique	–
Paris-Sud University	–

Approved Universities in The Netherlands

Go for courses in a wide range of academic disciplines at the below-mentioned universities in the Netherlands. 

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

In the developed nation of Asia, Japanese universities offer exceptional learning opportunities for international students. Select a program of your choice and excel in your career by taking some financial aid from the banking and financial institutions of India.

Universities	QS World Rankings
University of Tokyo	28
Kyoto University	46

Approved Universities in China

China is abode to four approved universities for education loans that rank in the top 100 universities. Secure a seat in these academic institutions and become the stalwarts of tomorrow. 

Universities	QS World Rankings
Peking University	12
University of Science & Technology of China	94
Fudan University	34
Tsinghua University	14

Approved Universities in Spain

Aspire to become global citizens and multi-lingual individuals by enrolling in the below-mentioned Spanish universities. Explore this European land and learn from the best teachers in the world.  

Universities	QS World Rankings
Pompeu Fabra University	310
Autonomous University of Barcelona	149

Approved Universities in New Zealand

The land of Kiwi receives Indian students with open arms. This top-ranked university of New Zealand can help students widen their horizons and become global citizens. 

Universities	QS World Rankings
University of Auckland	68

Approved Universities in Sweden

The universities in Sweden offer skill-based and practical education backed by strong theoretical knowledge for students enrolled in various courses. The curriculum is designed to help students prosper in their academic domain. 

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) offer education loans for study-abroad students. Each financial institution provides loans of different amounts and for different courses. Students planning to study in esteemed foreign institutions can visit the official website of the banks or NBFCs or Vidya Lakshmi Portal to avail of the study abroad loans.

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 their 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

Hope this blog has the university you’re aiming for. To know more about the loan application process, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience. 

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