{"id":14384,"date":"2025-08-04T18:41:05","date_gmt":"2025-08-04T13:11:05","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=14384"},"modified":"2025-08-04T21:19:18","modified_gmt":"2025-08-04T15:49:18","slug":"education-loan-for-b-tech-from-usa","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/","title":{"rendered":"Education loan for B.tech from USA: Best Banks, NBFCs, Eligibility\u00a0"},"content":{"rendered":"\n<p>B.tech from USA is one of the most preferred courses due to its high job prospects and quality education. A lot of <a href=\"https:\/\/leverageedu.com\/blog\/universities-in-usa\/\"><strong>universities in the USA<\/strong><\/a> are renowned for engineering education with 100% placements. However, pursuing B.tech from USA is a bit costlier as compared to other countries which every student cannot afford on their own. <\/p>\n\n\n\n<p>To make the financial factor easy, a lot of government and private banks offer education loans for B.tech from USA under different schemes. In this blog, we will understand all the major features and some of the top banks for education loan for B.tech from USA.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-why-should-you-take-education-loan-for-b-tech-from-usa\" data-level=\"2\">Why Should You Take Education Loan for B.Tech from USA?<\/a><\/li><li><a href=\"#h-best-banks-for-education-loan-for-b-tech-from-usa\" data-level=\"2\">Best Banks for Education Loan for B.Tech from USA<\/a><\/li><li><a href=\"#h-best-nbfcs-for-education-loan-for-b-tech-from-usa\" data-level=\"2\">Best NBFCs for Education Loan for B.Tech from USA<\/a><\/li><li><a href=\"#h-eligibility-criteria\" data-level=\"2\">Eligibility Criteria<\/a><\/li><li><a href=\"#h-documents-required\" data-level=\"2\">Documents Required<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-you-take-education-loan-for-b-tech-from-usa\"><span id=\"why-should-you-take-education-loan-for-b-tech-from-usa\">Why Should You Take Education Loan for B.Tech from USA?<\/span><\/h2>\n\n\n\n<p>Taking an education loan for a B.Tech degree from the USA is one of the best ways to pursue higher education from some of the most competitive universities in the world. The USA boasts some of the world&#8217;s top engineering schools that offer research opportunities and industry connections that can significantly enhance your career prospects. <\/p>\n\n\n\n<p>There are a lot of <a href=\"https:\/\/fly.finance\/blog\/education-loan\/government-education-loans-to-study-in-the-usa\/\"><strong>Government education loans to study in USA<\/strong><\/a> launched by the Indian government. An education loan can make this high-quality education easily accessible, allowing you to benefit from advanced learning environments, diverse student communities, and extensive professional networks.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check here all the major details about <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/prodigy-finance-education-loan\/\"><strong>Prodigy Finance Education Loan to Study Abroad<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-best-banks-for-education-loan-for-b-tech-from-usa\"><span id=\"best-banks-for-education-loan-for-b-tech-from-usa\">Best Banks for Education Loan for B.Tech from USA<\/span><\/h2>\n\n\n\n<p>All major banks in India provide <a href=\"https:\/\/fly.finance\/blog\/education-loan\/student-loans-usa\/\"><strong>education loans to study in USA<\/strong><\/a>. Some of the best banks for education loans for B.Tech from USA are SBI, Bank of Baroda, PNB, Bank of India, HDFC Bank, etc. All these banks offer education loans to study abroad under various schemes. <\/p>\n\n\n\n<p>Some banks also offer discounts on interest rates based on certain categories. Let\u2019s check the major features of education loans from banks below:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Banks<\/strong><\/td><td><strong>Features of Education Loan<\/strong><\/td><\/tr><tr><td>State Bank of India<\/td><td>-Up to INR 1.5 crore under the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-global-ed-vantage-education-loan\/\"><strong>SBI Global Ed-vantage Scheme<\/strong><\/a><br>-Discounts are offered to female students and to applicants who purchase <a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-rinn-raksha-for-education-loan\/\"><strong>SBI RinN Raksha for Education Loan<\/strong><\/a><br>-Interest rates start from 11.15% (floating rate)<\/td><\/tr><tr><td>Bank of Baroda<\/td><td>-Zero processing charges for loan amounts up to INR 7.5 lakh<br>-Interest rate starting from 9.70%<br>-Special rate of Interest for wards of defence personnel under the<a href=\"https:\/\/fly.finance\/blog\/education-loan\/baroda-yoddha-education-loan\/\"><strong> Baroda Yodha Education Loan Scheme<\/strong><\/a><\/td><\/tr><tr><td>Punjab National Bank<\/td><td>-Up to INR 1.5 crore education loan under <a href=\"https:\/\/fly.finance\/blog\/education-loan\/pnb-overseas-education-loan\/\"><strong>PNB Udaan Scheme<\/strong><\/a> to study abroad<br>-Interest rate starting from 8.80%<br>-The processing fee is only 1 % of the total loan amount<\/td><\/tr><tr><td>HDFC Bank<\/td><td>-Upto INR 45 lakh education loan without collateral<br>-Interest rates start from 9.75% p.a<br>-Loan insurance available under <a href=\"https:\/\/fly.finance\/blog\/education-loan\/hdfc-life-group-loan-suraksha\/\"><strong>HDFC Life Group Loan Suraksha<\/strong><\/a><\/td><\/tr><tr><td>Bank of India<\/td><td>-Interest rate start from 9.25% under <a href=\"https:\/\/fly.finance\/blog\/education-loan\/bank-of-india-education-loan-interest-rate\/\"><strong>BOI Star Education Loan<\/strong><\/a><br>-No documentation charges and processing charges<br>-Need-based finance to meet expenses, subject to earning potential of students upon completion of the course (Up to INR 1.5 crore)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-best-nbfcs-for-education-loan-for-b-tech-from-usa\"><span id=\"best-nbfcs-for-education-loan-for-b-tech-from-usa\">Best NBFCs for Education Loan for B.Tech from USA<\/span><\/h2>\n\n\n\n<p>Several Non-Banking Financial Companies (NBFCs) are renowned in India for their favourable terms and customer support. Among some of the best NBFCs for education loans to study B.Tech in USA are Credila, Avanse, and InCred. You can also apply for an <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-for-ms-in-usa\/\"><strong>education loan for MS in USA <\/strong><\/a>from these NBFCs. <\/p>\n\n\n\n<p>All these NBFCs offer competitive interest rates, flexible repayment options, and specialised loan products for international students. They also provide personalised assistance throughout the loan application process. Check the major features of some of the best NBFCs for education loans for B.Tech from USA below:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>NBFCs<\/strong><\/td><td><strong>Major Loan Features<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/credila-education-loan-to-study-abroad\/\"><strong> Credila Education Loan<\/strong><\/a><\/td><td>-Loan coverage up to 100% finance<br>-Interest rate starting from 9.75% p.a onwards<br>-All approved top-notch courses from foreign universities are eligible for a loan<br>-Repayment period of up to 15 years<\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/incred-education-loans-to-study-abroad\/\"><strong>InCred Education Loan<\/strong><\/a><\/td><td>-Collateral-free loans available up to 1 crore INR<br>-Interest rate starting from 11-18% p.a<br>-Repayment tenures up to 10 years <\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/avanse-education-loan-to-study-abroad\/\"><strong>Avanse Education Loan<\/strong><\/a><\/td><td>-Up to 100% finance for course fees and other expenses<br>-Loan sanctions within 72 hours<br>-Secured and Unsecured Loans up to INR 75 lakh<br>-Repayment tenure 15-17 years.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Planning to pursue a career in medicine and surgery abroad? Check here all about the <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mbbs\/\"><strong>Education Loan for MBBS<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria\"><span id=\"eligibility-criteria\">Eligibility Criteria<\/span><\/h2>\n\n\n\n<p>To be eligible for an education loan to pursue a B.Tech degree in the USA, students need to fulfil several criteria. These include having a confirmed admission to a recognised university in the USA. Check some essential eligibility criteria below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The student must have good academic records<\/li>\n\n\n\n<li>The students need to provide a co-applicant, such as a parent or guardian<\/li>\n\n\n\n<li>The co-applicant shall have a stable income and a good credit history.<\/li>\n\n\n\n<li>The students may need to submit collateral for loans above a certain amount (usually INR 7.5 lakh)<\/li>\n\n\n\n<li>The students may need to submit proof of the ability to repay the loan post-graduation might be required.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required\"><span id=\"documents-required\">Documents Required<\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/fly.finance\/blog\/education-loan\/documents-required-for-education-loan\/\"><strong>Documents required for an education loan<\/strong><\/a> shall be checked properly by the students to ensure the loan approval process. To apply for an education loan for a B.Tech degree in the USA, students need to submit the following documents:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>An admission letter from a recognised university in the USA.<\/li>\n\n\n\n<li>Certificates and mark sheets of previous education (10th, 12th, UG, and any other relevant qualifications).<\/li>\n\n\n\n<li>Passport, Aadhar card, PAN card, or any other government-issued ID.<\/li>\n\n\n\n<li>Utility bills, Aadhar card, voter ID, or driving license.<\/li>\n\n\n\n<li>Salary slips and income tax returns (ITR) of the co-applicant (parent or guardian).<\/li>\n\n\n\n<li>Bank account statements of the last six months for the co-applicant.<\/li>\n\n\n\n<li>If the loan amount exceeds INR 7.5 lakhs (or as directed by the lender), documents related to collateral security.<\/li>\n\n\n\n<li>A duly filled loan application form provided by the bank or financial institution.<\/li>\n\n\n\n<li>Recent photographs of the applicant and co-applicant.<\/li>\n\n\n\n<li>Details of the tuition fees and other expenses from the university.<\/li>\n\n\n\n<li>Documents proving the award of scholarships or financial aid (If applicable)<\/li>\n<\/ul>\n\n\n\n<p>This was all about education loans for B.Tech from  USA. Always compare the banks and NBFCs and finalise the best-suited offer for you. Check some of the FAQs based on the same below:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1723012535887\"><strong class=\"schema-faq-question\">What is the maximum loan amount I can get for studying B.Tech in the USA?<\/strong> <p class=\"schema-faq-answer\">The maximum loan amount for studying B.Tech in the USA varies depending on the bank or financial institution and whether the loan is secured or unsecured. Usually, unsecured education loans can range from INR 7.5 lakhs to INR 20 lakhs. For higher loan amounts, up to INR 1.5 crores, collateral such as property or fixed deposits may be required.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723012541634\"><strong class=\"schema-faq-question\">What is the interest rate on education loans for B.Tech in the USA?<\/strong> <p class=\"schema-faq-answer\">Interest rates on education loans for B.Tech in the USA can vary based on the bank or financial institution, the loan amount, and whether the loan is secured or unsecured. Generally, interest rates range from 8% to 15% per annum.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723012548980\"><strong class=\"schema-faq-question\">How long does it take to get an education loan approved?<\/strong> <p class=\"schema-faq-answer\">The time taken to approve an education loan can take anywhere from 15 to 30 days for loan approval. The process involves the verification of documents, evaluation of the applicant\u2019s and co-applicant\u2019s financial status, and valuation of collateral.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723012558293\"><strong class=\"schema-faq-question\">What are the repayment terms for an education loan?<\/strong> <p class=\"schema-faq-answer\">Repayment terms for education loans usually start after the completion of the course and a moratorium period. You can get a repayment period of 10-15 years. Most banks provide a moratorium of course period plus one year or 6 months after getting a job, whichever is early.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723012610825\"><strong class=\"schema-faq-question\">Are there any tax benefits for education loans?<\/strong> <p class=\"schema-faq-answer\">Yes, there are tax benefits for education loans under Section 80E of the Income Tax Act, 1961. The interest paid on the education loan is eligible for deduction from taxable income. This benefit is available for up to 8 years, starting from the year in which the loan repayment begins, or until the interest is fully repaid, whichever is earlier.<\/p> <\/div> <\/div>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, <a href=\"https:\/\/fly.finance\/forex\"><strong>forex<\/strong><\/a> and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<p><strong>Related Blogs<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/sbi-zero-balance-account\/\"><strong>SBI Zero Balance Account<\/strong><\/a><\/td><td><a 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c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>B.tech from USA is one of the most preferred courses due to its high job prospects and quality education. A lot of universities in the USA are renowned for engineering education with 100% placements. However, pursuing B.tech from USA is a bit costlier as compared to other countries which every student cannot afford on their &#8230; <a title=\"Education loan for B.tech from USA: Best Banks, NBFCs, Eligibility\u00a0\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/\" aria-label=\"Read more about Education loan for B.tech from USA: Best Banks, NBFCs, Eligibility\u00a0\">Read more<\/a><\/p>\n","protected":false},"author":24,"featured_media":14385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-14384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Education loan for B.tech from USA: Best Banks, NBFCs, Eligibility\u00a0<\/title>\n<meta name=\"description\" content=\"Check here all about Education loan for B.tech from USA. 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With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.","sameAs":["https:\/\/in.linkedin.com\/in\/thahankmoody","https:\/\/www.tumblr.com\/blog\/dhanlabh"],"url":"https:\/\/fly.finance\/blog\/author\/shekhar\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/#faq-question-1723012535887","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/#faq-question-1723012535887","name":"What is the maximum loan amount I can get for studying B.Tech in the USA?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The maximum loan amount for studying B.Tech in the USA varies depending on the bank or financial institution and whether the loan is secured or unsecured. Usually, unsecured education loans can range from INR 7.5 lakhs to INR 20 lakhs. For higher loan amounts, up to INR 1.5 crores, collateral such as property or fixed deposits may be required.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/#faq-question-1723012541634","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/#faq-question-1723012541634","name":"What is the interest rate on education loans for B.Tech in the USA?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Interest rates on education loans for B.Tech in the USA can vary based on the bank or financial institution, the loan amount, and whether the loan is secured or unsecured. Generally, interest rates range from 8% to 15% per annum.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/#faq-question-1723012548980","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/#faq-question-1723012548980","name":"How long does it take to get an education loan approved?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The time taken to approve an education loan can take anywhere from 15 to 30 days for loan approval. The process involves the verification of documents, evaluation of the applicant\u2019s and co-applicant\u2019s financial status, and valuation of collateral.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/#faq-question-1723012558293","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/#faq-question-1723012558293","name":"What are the repayment terms for an education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Repayment terms for education loans usually start after the completion of the course and a moratorium period. You can get a repayment period of 10-15 years. Most banks provide a moratorium of course period plus one year or 6 months after getting a job, whichever is early.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/#faq-question-1723012610825","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-b-tech-from-usa\/#faq-question-1723012610825","name":"Are there any tax benefits for education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, there are tax benefits for education loans under Section 80E of the Income Tax Act, 1961. The interest paid on the education loan is eligible for deduction from taxable income. This benefit is available for up to 8 years, starting from the year in which the loan repayment begins, or until the interest is fully repaid, whichever is earlier.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=14384"}],"version-history":[{"count":6,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14384\/revisions"}],"predecessor-version":[{"id":20760,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14384\/revisions\/20760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/14385"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=14384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=14384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=14384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}