List of Approved Foreign Universities for Education Loan

list of approved foreign universities for education loan
Home » Education Loan » List of Approved Foreign Universities for Education Loan

Planning to study abroad in US, UK, Canada, Germany or any other country to pursue your study abroad dreams? Well, it is a great step to a successful future but you must understand which university is good for you and how much education loan can you get. Most Indian banks and NBFCs provide education loans to study abroad and enrol in any of the major countries. Students must meet the eligibility criteria of the banks and NBFCs to apply for an education loan to study abroad. 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 University for Education Loans?

There are a lot of banks in India that provide education loans only for approved universities. You can also check such lists on the websites of those banks. Hence, it is very important to check and stay informed about whether your university is approved and recognised by the bank where you are applying for education loan. Check the list of all the approved 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 USA.

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

Approved Universities in 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.

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 the 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

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. 

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

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. Aspiring students can also consider applying for these cheapest courses for international students in Canada

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

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 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.

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

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.

UniversitiesQS World Rankings
National Taiwan University69

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. 

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

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

UniversitiesQS 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. 

UniversitiesQS World Rankings
École Normale Supérieure184
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. 

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

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.

UniversitiesQS World Rankings
University of Tokyo28
Kyoto University46

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. 

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

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.  

UniversitiesQS World Rankings
Pompeu Fabra University310
Autonomous University of Barcelona149

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. 

UniversitiesQS World Rankings
University of Auckland68

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. 

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) 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.


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


  • 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?


Universities of which countries are eligible for education loans? 

Universities of the Netherlands, UK, USA, France, Spain, China, Japan, Taiwan, Australia, New Zealand, and Hong Kong are included in the list of approved foreign universities for education loans. 

Which banks offer study-abroad loans?

SBI, PNB, Axis, and HDFC offer loans for students going to study abroad.

Which NBFCs provide study-abroad loans?

HDFC Credila, Auxilo, Avanse, ISLP, and GSLC offer loans for students enrolled in foreign universities. 

Can I get 100% loan to study abroad?

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?

Countries that are eligible for SBI education loans are Australia, Singapore, the Netherlands, Ireland, Canada, and the US. 

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. 

Related Blogs
Canadian Government Scholarship for Indian Government
Best International Scholarship to Study in the USA
How Education Loan Insurance Eases Financial Stress

Follow Us on Social Media

About Ankita Singh

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.


Leave a Comment

RBI Guidelines for Education Loan Recovery 5 Best Forex Cards to use in Ireland Saraswat Bank Forex Card for International Students Canada Visa Fees: A Breakdown for Indian Applicants Best Places for Currency Exchange in Liverpool Minimum Bank Balance Requirements for a Switzerland Student Visa Minimum Bank Balance Requirements for a Spain Student Visa What is the Minimum Balance Required for a UK Visa by Indians? Know All About Kotak Bank Forex Rates Here! IDFC First Bank Forex Card to Manage Money Abroad

Send Money Abroad in <15 mins


Request a callback


Get an education loan at the lowest interest rate


Thank you! Your call request has been submitted

Our team will connect with your shortly

aero Confused which education loan is the best for you?