{"id":14725,"date":"2025-08-04T18:08:28","date_gmt":"2025-08-04T12:38:28","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=14725"},"modified":"2025-08-04T21:00:57","modified_gmt":"2025-08-04T15:30:57","slug":"education-loan-for-mtech-abroad","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/","title":{"rendered":"Education Loan for M.Tech Abroad: Top Banks, Interests, Eligibility"},"content":{"rendered":"\n<p>With the right education loan for MTech abroad, you can get the required financial assistance at favourable terms and conditions. Many Indian banks and NBFCs (Non-Banking Financial Companies) offer personalised loans up to INR 1 crore. <\/p>\n\n\n\n<p>The competitive education loan interest rates start from 9.25% p.a, and the repayment tenure is up to 15 years. You can apply for the same both online and offline. To know more about the best banks, eligibility, documents, and the application process, read this blog further.<\/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-overview-of-education-loan-for-m-tech-abroad\" data-level=\"2\">Overview of Education Loan for M.Tech Abroad<\/a><\/li><li><a href=\"#h-interest-rates-on-education-loans-for-m-tech-abroad\" data-level=\"2\">Interest Rates on Education Loans for M.Tech Abroad<\/a><\/li><li><a href=\"#h-best-banks-for-education-loan-for-m-tech\" data-level=\"2\">Best Banks for Education Loan for M.Tech<\/a><\/li><li><a href=\"#h-popular-education-loan-scheme-for-mtech-abroad\" data-level=\"2\">Popular Education Loan Scheme for MTech Abroad<\/a><ul><li><a href=\"#h-sbi-global-ed-vantage-scheme\" data-level=\"3\">SBI Global Ed-Vantage Scheme<\/a><\/li><li><a href=\"#h-education-loan-scheme-by-nsfdc\" data-level=\"3\">Education Loan Scheme by NSFDC<\/a><\/li><li><a href=\"#h-union-bank-of-india-s-study-abroad-scheme\" data-level=\"3\">Union Bank of India\u2019s Study Abroad Scheme<\/a><\/li><li><a href=\"#h-icici-bank-education-loan-for-m-tech\" data-level=\"3\">ICICI Bank Education Loan for M.Tech<\/a><\/li><\/ul><\/li><li><a href=\"#h-eligibility-criteria-amp-documentation\" data-level=\"2\">Eligibility Criteria &amp; Documentation<\/a><\/li><li><a href=\"#h-how-to-apply-for-an-education-loan-for-mtech\" data-level=\"2\">How to Apply for an Education Loan for MTech?<\/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-overview-of-education-loan-for-m-tech-abroad\"><span id=\"overview-of-education-loan-for-m-tech-abroad\">Overview of Education Loan for M.Tech Abroad<\/span><\/h2>\n\n\n\n<p>The amount of education loan for MTech is based on the fee structure of the university and the rent of accommodation abroad. The cost of MTech programs abroad, including tuition fees and living expenses usually ranges from INR 10 lakhs to 70 lakhs.<\/p>\n\n\n\n<p>You can apply for a secured and unsecured loan based on the collateral requirements. Secured education loans for MTech offer need-based financing with banks like HDFC, ICICI, State Bank of India, Union Bank of India, etc. NBFCs like Avanse, Incred, and Prodigy Finance also offer loans with no upper limit. They offer attractive interest rates and flexible repayment tenure.<\/p>\n\n\n\n<p>On the other hand, MTech <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-without-collateral\/\"><strong>education loans without collateral<\/strong><\/a> have comparatively lower amounts. However, with ICICI Bank and Axis Bank, you can get a loan of up to INR 1 crore without pledging an asset. HDFC Bank and IDFC First Bank offer unsecured loans up to INR 50 lakhs.<\/p>\n\n\n\n<p>You must fulfil the eligibility criteria and submit the required documents before applying. The application process for an education loan for MTech abroad is super easy. You can head to the bank\u2019s official website or visit the Vidya Lakshmi Portal to apply with multiple banks at the same time.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Maximum Loan Amount<\/strong><\/td><td>No Upper Limit<\/td><\/tr><tr><td><strong>Types of Loan<\/strong><\/td><td>Secured and Unsecured Loans<\/td><\/tr><tr><td><strong>Interest Rates<\/strong><\/td><td>9.25% p.a onwards<\/td><\/tr><tr><td><strong>Repayment Tenure<\/strong><\/td><td>Up to 15 years<\/td><\/tr><tr><td><strong>How to Apply<\/strong><\/td><td>Branch Visit, Official Website, Vidya Lakshmi Portal<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Know all about <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/llb-education-loan-to-study-abroad\/\"><strong>LLB education loans<\/strong><\/a><strong> to study abroad and the best public banks, private banks, and NBFCs providing education loans for LLB students.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-interest-rates-on-education-loans-for-m-tech-abroad\"><span id=\"interest-rates-on-education-loans-for-m-tech-abroad\">Interest Rates on Education Loans for M.Tech Abroad<\/span><\/h2>\n\n\n\n<p>When selecting an education loan, compare interest rates, loan amounts, repayment terms, and other features offered by different banks and NBFCs. Make sure to aim for the most favourable terms that suit your financial situation. Generally, interest rates for education loans for MTech start from 9.25% p.a. However, rates can vary based on factors like your credit score, loan amount, and lender. <\/p>\n\n\n\n<p>NBFCs usually have slightly higher interest rates than banks. Similarly, secured loans (with collateral) typically have lower interest rates than unsecured loans. The interest rate on the loan can be floating or fixed. Floating rates can change based on market conditions, while fixed rates remain constant throughout the loan tenure.<\/p>\n\n\n\n<p>Here&#8217;s a quick comparison of interest rates from popular lenders:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Bank<\/strong><\/td><td><strong>Interest Rate<\/strong><\/td><\/tr><tr><td>State Bank of India (SBI)<\/td><td>11.15% p.a onwards (floating)<\/td><\/tr><tr><td>Bank of Baroda<\/td><td>9.70% p.a (for premier institutions)<\/td><\/tr><tr><td>Punjab National Bank (PNB)<\/td><td>12.75% p.a onwards<\/td><\/tr><tr><td>HDFC Bank<\/td><td>12.50% p.a<\/td><\/tr><tr><td>ICICI Bank<\/td><td>11.25% p.a<\/td><\/tr><tr><td>Avanse Financial Services<\/td><td>14% to 16.5% p.a (floating\/fixed)<\/td><\/tr><tr><td>MPower Finance<\/td><td>12.99% p.a onwards (13.98% APR) (fixed)<\/td><\/tr><tr><td>Credila<\/td><td>9.75% p.a onwards (floating)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><em><strong>Please Note:<\/strong> The interest rates mentioned are subject to change based on <\/em><a href=\"https:\/\/fly.finance\/blog\/education-loan\/rbi-guidelines-for-education-loan\/\"><strong><em>RBI guidelines on education loans<\/em><\/strong><\/a><em>, bank guidelines, and market conditions.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-best-banks-for-education-loan-for-m-tech\"><span id=\"best-banks-for-education-loan-for-m-tech\">Best Banks for Education Loan for M.Tech<\/span><\/h2>\n\n\n\n<p>Many public and private banks and NBFCs in India provide you with education loans abroad. However, some of the best banks for education loans for MTech abroad are the State Bank of India, ICICI Bank, IDFC First Bank, and Bank of Baroda. NBFCs like Avanse and Prodigy Finance offer loans at favourable terms and conditions. It is important to <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-interest-rates-of-different-banks-and-nbfcs\/\"><strong>compare the education loan interest rates of different banks and NBFCs<\/strong><\/a>. Check out the details-<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Banks\/ NBFCs<\/strong><\/td><td><strong>Features<\/strong><\/td><\/tr><tr><td>State Bank of India (SBI)<\/td><td>&#8211; Loans up to INR 1.5 crores under the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-global-ed-vantage-education-loan\/\"><strong>SBI Global Ed-vantage loan scheme<\/strong><\/a><br>-Covers tuition fees, living expenses, travel insurance, etc.<br>-No hidden charges<\/td><\/tr><tr><td>ICICI Bank<\/td><td>&#8211; Unsecured loans up to INR 1 crores<br>-Attractive interest rates &amp; favourable T&amp;Cs<br>-Offers pre-admission loan sanction based on academic profile and entrance scores<\/td><\/tr><tr><td>IDFC First Bank<\/td><td>-Unsecured loans up to INR 50 lakhs<br>-Start repayment after the moratorium period<br>-The disbursement process is streamlined and efficient<\/td><\/tr><tr><td>Bank of Baroda<\/td><td>-Loans up to INR 1.5 crores under the \u2018Baroda Scholar\u2019 loan scheme<br>-Lower interest rates for admissions to premier institutions<br>-No documentation charges<\/td><\/tr><tr><td>Avanse<\/td><td>-Need-based financing and unsecured loans up to INR 75 lakhs<br>-Pre-Visa loans are available<br>-Loan is sanctioned within 3 days<\/td><\/tr><tr><td>Prodigy Finance<\/td><td>-Unsecured loans without co-signer are available<br>-Quick and easy online application process<br>-100% financing to cover all major costs of studies abroad<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: A Master\u2019s degree is a great choice. Check out the details on <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-masters-in-the-uk\/\"><strong>education loans for a Master\u2019s in the UK <\/strong><\/a><strong>to cover the study abroad expenses.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-popular-education-loan-scheme-for-mtech-abroad\"><span id=\"popular-education-loan-scheme-for-mtech-abroad\">Popular Education Loan Scheme for MTech Abroad<\/span><\/h2>\n\n\n\n<p>You can apply for MTech in any country abroad and avail of loans under popular schemes offered by Indian Banks. You can wish to apply for MTech education loans with or without collateral based on your financial condition.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-sbi-global-ed-vantage-scheme\"><span id=\"sbi-global-ed-vantage-scheme\">SBI Global Ed-Vantage Scheme<\/span><\/h3>\n\n\n\n<p>SBI education loan for MTech is offered under its Global Ed-vantage Scheme. You can apply for SBI MTech loans up to INR 1.5 crores and repay for 15 years after course completion. The amount will cover tuition fees, which are paid directly to the university abroad. Other expenses related to the hostel, travelling, study equipment, etc., are included in the loan.<\/p>\n\n\n\n<p>The bank covers the following countries-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>United States of America<\/li>\n\n\n\n<li>United Kingdon<\/li>\n\n\n\n<li>Canada<\/li>\n\n\n\n<li>Australia<\/li>\n\n\n\n<li>Singapore<\/li>\n\n\n\n<li>Japan<\/li>\n\n\n\n<li>Hong Kong<\/li>\n\n\n\n<li>New Zealand<\/li>\n\n\n\n<li>Europe (Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, United Kingdom)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-education-loan-scheme-by-nsfdc\"><span id=\"education-loan-scheme-by-nsfdc\">Education Loan Scheme by NSFDC<\/span><\/h3>\n\n\n\n<p>NSFDC or the National Scheduled Castes Finance and Development Corporation, offers education loans for MTech abroad. You can pursue a full-time degree course at any recognised university in the country of your choice. The loan of up to INR 40 lakhs or 90% of the course fee, whichever is less, is covered.<\/p>\n\n\n\n<p>Loans above INR 10 lakhs must be repaid within 12 years. The interest rates offered to the borrowers will be 7% p.a, with a concession of 0.5% p.a for female beneficiaries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-union-bank-of-india-s-study-abroad-scheme\"><span id=\"union-bank-of-indias-study-abroad-scheme\">Union Bank of India\u2019s Study Abroad Scheme<\/span><\/h3>\n\n\n\n<p>You can also take a <a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-abroad-education-loan\/\"><strong>Union Bank of India education loan to study abroad<\/strong><\/a> for M.Tech courses. The bank\u2019s instant loan scheme is available for Indian students to pursue a postgraduate degree in engineering abroad. You must apply for an MTech loan with a co-applicant for quicker approvals and sanctions.<\/p>\n\n\n\n<p>You must secure admission through fair means, either through an entrance examination or merit-based at a recognised university abroad. Please note that you\u2019ll be required to contribute 15% of the loan amount as margin money and take education loan insurance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-icici-bank-education-loan-for-m-tech\"><span id=\"icici-bank-education-loan-for-m-tech\">ICICI Bank Education Loan for M.Tech<\/span><\/h3>\n\n\n\n<p>With ICICI Bank, you can take abroad MTech loan for abroad studies. It is one of the best banks that offer higher loan amounts up to INR 3 crore at competitive rates. Your maximum age should be 35 years, and have confirmed admission to a recognized and accredited university.<\/p>\n\n\n\n<p>Loans of higher amounts can only be availed only if you provide security. It can be in the form of a house\/ flat or a fixed deposit. Existing ICICI Bank customers are eligible for pre-approved education loans. Applying for an MTech <a href=\"https:\/\/fly.finance\/blog\/education-loan\/icici-bank-education-loan\/\"><strong>education loan from ICICI Bank<\/strong><\/a> is a hassle-free process online without any branch visits.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria-amp-documentation\"><span id=\"eligibility-criteria-documentation\">Eligibility Criteria &amp; Documentation<\/span><\/h2>\n\n\n\n<p>You can easily take an <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-after-12th\/\"><strong>education loan after the 12th<\/strong><\/a>. However, to be eligible for an education loan for MTech abroad, you must have a BTech degree from a recognized university. Besides, you must be an Indian citizen falling within the age bracket laid by the lender. Check out the eligibility below-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Be an Indian citizen.<\/li>\n\n\n\n<li>Be between 18 and 35 years old.<\/li>\n\n\n\n<li>Must secure a minimum 50% aggregate in 10th and 12th grade.<\/li>\n\n\n\n<li>Must have secured admission to a recognized university abroad.<\/li>\n\n\n\n<li>A financially stable co-applicant is often required.<\/li>\n<\/ul>\n\n\n\n<p>Apart from fulfilling the eligibility criteria, you are required to submit supporting documents for an education loan for MTech abroad. These include KYC documents, academic mark sheets, income statements, and collateral documents. Here\u2019s the list of documents required-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Identity Proof:<\/strong> Passport, Aadhaar card, PAN card.<\/li>\n\n\n\n<li><strong>Academic Records:<\/strong> Mark sheets of Class 10th and 12th, B.Tech result sheets, and entrance exam scores.<\/li>\n\n\n\n<li><strong>Financial Proof:<\/strong> Salary slips, ITR, bank statements.<\/li>\n\n\n\n<li><strong>Course Details:<\/strong> Fee structure, duration, and admission letter.<\/li>\n\n\n\n<li><strong>Collateral:<\/strong> If required by the lender.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Planning to pursue law? Check out the details on <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-masters-in-law-in-uk\/\"><strong>education loans for a Master\u2019s in Law in the UK<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-an-education-loan-for-mtech\"><span id=\"how-to-apply-for-an-education-loan-for-mtech\">How to Apply for an Education Loan for MTech?<\/span><\/h2>\n\n\n\n<p>The application process to avail of an education loan for MTech abroad is easy and hassle-free. Once you have chosen the lender, you can visit their nearest bank branch and connect with the bank representative. Under the education loan scheme,&nbsp;<\/p>\n\n\n\n<p>You can also apply online via the lender\u2019s official website. Navigate to the \u2018Loans\u2019 section and click on \u2018Education Loans\u2019. Find the \u2018Apply\u2019 button. Fill out the application form by providing the details as asked. You will receive a call back from the bank regarding your requirements.<\/p>\n\n\n\n<p>The other way to apply for education loans for MTech abroad is by registering on the Vidya Lakshmi Portal. This is a government-backed portal that lets you fill out the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/what-is-the-common-education-loan-application-form\/\"><strong>common education loan application form<\/strong><\/a> (CELAF) and apply to a maximum of three banks in one go.<\/p>\n\n\n\n<p>This was all about the education loan for MTech abroad. 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<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-1724321952074\"><strong class=\"schema-faq-question\"><strong>Can we get an education loan for MTech?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, you can get an education loan for MTech. Educational loans are typically available for recognized professional and technical engineering courses, including MTech programs (Diploma\/ B. Tech \/B.E, M. Tech\/M.E.), both in India and abroad.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1724321953572\"><strong class=\"schema-faq-question\"><strong>What are the interest rates on education loans for MTech?<\/strong><\/strong> <p class=\"schema-faq-answer\">Generally, interest rates for education loans for MTech start from 9.25% p.a. However, rates can vary based on factors like your credit score, loan amount, and lender.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1724321997370\"><strong class=\"schema-faq-question\"><strong>Who is eligible for education loans for MTech abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">To be eligible for an education loan for MTech abroad, you must have a BTech degree from a recognized university. Besides, you must be an Indian citizen and apply with a financially stable co-applicant.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1724322010250\"><strong class=\"schema-faq-question\"><strong>Can I get a 50 lakh unsecured loan for abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes. HDFC Bank and IDFC First Bank offer unsecured education loans up to INR 50 lakhs for abroad studies. If you have an excellent credit score, you can get a loan of up to INR 1 crore without pledging an asset with ICICI Bank and Axis Bank.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1724322022744\"><strong class=\"schema-faq-question\"><strong>How much loan can I get for an M.Tech abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">The cost of MTech programs abroad usually ranges from INR 10 lakhs to 70 lakhs. You can avail of need-based financial assistance with no upper limit. However, the exact amount depends on the fee structure, living expenses, credit score, and collateral.<\/p> <\/div> <\/div>\n\n\n\n<p>This was all about the education loan for MTech Abroad. To know more about&nbsp;<a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best&nbsp;<a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>,&nbsp;<a href=\"https:\/\/fly.finance\/forex\"><strong>forex<\/strong><\/a>&nbsp;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<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-for-mba-in-usa\/\"><strong>Education Loan for MBA in the USA<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-pilot-training\/\"><strong>Education Loan for Pilot Training<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/loan-against-mutual-funds\/\"><strong>Education Loan against Mutual Funds<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-extension-letter\/\"><strong>Education Loan Extension Letter to Bank<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-against-fixed-deposit\/\"><strong>Education Loan against Fixed Deposits<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-for-ms-in-usa\/\"><strong>Education Loan for MS in the USA<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-after-12th\/\"><strong>Education Loan after 12th<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-online-degree\/\"><strong>Education Loan for Online Degree<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/\"><strong>Education Loan for Medical Courses Abroad<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/what-happens-to-the-education-loan-if-the-borrower-dies\/\"><strong>What Happens to Education Loan if the Borrower Dies?<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the right education loan for MTech abroad, you can get the required financial assistance at favourable terms and conditions. Many Indian banks and NBFCs (Non-Banking Financial Companies) offer personalised loans up to INR 1 crore. The competitive education loan interest rates start from 9.25% p.a, and the repayment tenure is up to 15 years. &#8230; <a title=\"Education Loan for M.Tech Abroad: Top Banks, Interests, Eligibility\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/\" aria-label=\"Read more about Education Loan for M.Tech Abroad: Top Banks, Interests, Eligibility\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":14726,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-14725","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 M.Tech Abroad: Top Banks, Interests, Eligibility<\/title>\n<meta name=\"description\" content=\"Check out the details on education loans for MTech abroad. 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/#faq-question-1724321952074","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/#faq-question-1724321952074","name":"Can we get an education loan for MTech?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, you can get an education loan for MTech. Educational loans are typically available for recognized professional and technical engineering courses, including MTech programs (Diploma\/ B. Tech \/B.E, M. Tech\/M.E.), both in India and abroad.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/#faq-question-1724321953572","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/#faq-question-1724321953572","name":"What are the interest rates on education loans for MTech?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Generally, interest rates for education loans for MTech start from 9.25% p.a. However, rates can vary based on factors like your credit score, loan amount, and lender.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/#faq-question-1724321997370","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/#faq-question-1724321997370","name":"Who is eligible for education loans for MTech abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"To be eligible for an education loan for MTech abroad, you must have a BTech degree from a recognized university. Besides, you must be an Indian citizen and apply with a financially stable co-applicant.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/#faq-question-1724322010250","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/#faq-question-1724322010250","name":"Can I get a 50 lakh unsecured loan for abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes. HDFC Bank and IDFC First Bank offer unsecured education loans up to INR 50 lakhs for abroad studies. If you have an excellent credit score, you can get a loan of up to INR 1 crore without pledging an asset with ICICI Bank and Axis Bank.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/#faq-question-1724322022744","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mtech-abroad\/#faq-question-1724322022744","name":"How much loan can I get for an M.Tech abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The cost of MTech programs abroad usually ranges from INR 10 lakhs to 70 lakhs. You can avail of need-based financial assistance with no upper limit. However, the exact amount depends on the fee structure, living expenses, credit score, and collateral.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14725","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\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=14725"}],"version-history":[{"count":7,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14725\/revisions"}],"predecessor-version":[{"id":20753,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14725\/revisions\/20753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/14726"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=14725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=14725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=14725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}