{"id":4374,"date":"2025-04-24T18:49:17","date_gmt":"2025-04-24T13:19:17","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=4374"},"modified":"2025-08-04T16:15:45","modified_gmt":"2025-08-04T10:45:45","slug":"graduate-student-loan","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/","title":{"rendered":"Graduate Student Loan in Abroad or India: Eligibility Criteria, Process &amp; More"},"content":{"rendered":"\n<p>Pursuing a graduate degree, whether in India or abroad, opens doors to advanced knowledge and rewarding career opportunities. However, the rising costs of higher education can pose a significant challenge. A graduate student loan offers a practical solution, providing the financial support needed to achieve academic and professional goals.<\/p>\n\n\n\n<p>This guide explores the essentials of graduate student loans, covering eligibility, benefits, application processes, and repayment options to help you make informed decisions.<\/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-what-is-a-graduate-student-loan\" data-level=\"2\">What Is a Graduate Student Loan?<\/a><\/li><li><a href=\"#h-why-choose-a-graduate-student-loan\" data-level=\"2\">Why Choose a Graduate Student Loan?<\/a><ul><li><a href=\"#h-financial-support-for-diverse-expenses\" data-level=\"3\">Financial Support for Diverse Expenses<\/a><\/li><li><a href=\"#h-access-to-prestigious-institutions\" data-level=\"3\">Access to Prestigious Institutions<\/a><\/li><li><a href=\"#h-flexible-repayment-options\" data-level=\"3\">Flexible Repayment Options<\/a><\/li><\/ul><\/li><li><a href=\"#h-eligibility-criteria-for-graduate-education-loans\" data-level=\"2\">Eligibility Criteria for Graduate Education Loans<\/a><ul><li><a href=\"#h-academic-and-nationality-requirements\" data-level=\"3\">Academic and Nationality Requirements<\/a><\/li><li><a href=\"#h-financial-and-co-applicant-criteria\" data-level=\"3\">Financial and Co-Applicant Criteria<\/a><\/li><\/ul><\/li><li><a href=\"#h-top-graduate-student-loan-providers-in-india\" data-level=\"2\">Top Graduate Student Loan Providers in India<\/a><\/li><li><a href=\"#h-how-to-apply-for-a-graduate-student-loan\" data-level=\"2\">How to Apply for a Graduate Student Loan<\/a><\/li><li><a href=\"#h-required-documents-for-graduate-student-loan\" data-level=\"2\">Required Documents for Graduate Student Loan<\/a><\/li><li><a href=\"#h-repaying-your-graduate-student-loan\" data-level=\"2\">Repaying Your Graduate Student Loan<\/a><ul><li><a href=\"#h-repayment-structure\" data-level=\"3\">Repayment Structure<\/a><\/li><li><a href=\"#h-tips-for-smooth-repayment\" data-level=\"3\">Tips for Smooth Repayment<\/a><\/li><\/ul><\/li><li><a href=\"#h-government-schemes-and-subsidies\" data-level=\"2\">Government Schemes and Subsidies<\/a><\/li><li><a href=\"#h-faqs-on-graduate-student-loan\" data-level=\"2\">FAQs on Graduate Student Loan<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-graduate-student-loan\"><span id=\"what-is-a-graduate-student-loan\">What Is a Graduate Student Loan?<\/span><\/h2>\n\n\n\n<p>A graduate student loan abroad or in India is a specialized financial product designed to fund postgraduate education, including master\u2019s, doctoral, or professional degree programs. These loans cover expenses such as tuition, accommodation, books, and travel, enabling students to focus on their studies without immediate financial strain.<\/p>\n\n\n\n<p>Understanding the scope and features of these graduate education <a href=\"https:\/\/leverageedu.com\/blog\/loans-to-study-abroad\/\"><strong>loans to study abroad<\/strong><\/a> or in India is crucial for planning your educational journey. Here are some reasons:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Purpose:<\/strong> Funds graduate-level education in India or abroad.<\/li>\n\n\n\n<li><strong>Coverage:<\/strong> Includes tuition fees, living expenses, books, equipment, and travel costs.<\/li>\n\n\n\n<li><strong>Lenders: <\/strong>Offered by public banks, private banks, and non-banking financial companies (NBFCs).<\/li>\n\n\n\n<li><strong>Repayment: <\/strong>Typically begins after a <a href=\"https:\/\/fly.finance\/blog\/question-answer\/what-is-moratorium-period-in-education-loans\/\"><strong>Moratorium Period in education loans<\/strong><\/a> (course duration plus 6\u201312 months).<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><a href=\"https:\/\/leverageedu.com\/learn\/vidyalakshmi-education-loan-features-eligibility-how-to-apply-finance\/\"><strong>Vidyalakshmi Education Loan: Features, Eligibility, &amp; How to Apply<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-choose-a-graduate-student-loan\"><span id=\"why-choose-a-graduate-student-loan\">Why Choose a Graduate Student Loan?<\/span><\/h2>\n\n\n\n<p>The cost of graduate education, especially at premier institutions, can be substantial. For instance, a master\u2019s degree abroad may range from INR 25 lakhs to INR 35 lakhs, while top Indian institutes like IIMs charge upwards of INR 20 lakhs for MBA programs. Graduate student loans bridge this financial gap, offering <a href=\"https:\/\/leverageedu.com\/learn\/maximum-education-loan-for-abroad-studies-finance\/\"><strong>maximum education loan for abroad studies<\/strong><\/a> or in India with flexible terms and competitive interest rates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-financial-support-for-diverse-expenses\"><span id=\"financial-support-for-diverse-expenses\">Financial Support for Diverse Expenses<\/span><\/h3>\n\n\n\n<p>Graduate education loans provide comprehensive coverage, ensuring you can manage various costs associated with higher education. From tuition to travel, these <a href=\"https:\/\/fly.finance\/blog\/question-answer\/what-is-an-education-loan-types-features-related-terms\/\"><strong>education loans<\/strong><\/a> offer peace of mind.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Tuition Fees:<\/strong> Covers full or partial fees for universities in India or abroad.<\/li>\n\n\n\n<li><strong>Living Costs: <\/strong>Funds for accommodation, food, and transportation.<\/li>\n\n\n\n<li><strong>Study Materials:<\/strong> Includes books, laptops, and specialized equipment.<\/li>\n\n\n\n<li><strong>Travel Expenses: <\/strong>Covers airfare or passage money for international study.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-access-to-prestigious-institutions\"><span id=\"access-to-prestigious-institutions\">Access to Prestigious Institutions<\/span><\/h3>\n\n\n\n<p>A graduate student loan empowers you to enroll in top-tier universities without financial constraints. Many lenders offer higher loan amounts for reputable institutions, often without collateral.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Loan Limits:<\/strong> Up to INR 1.5 crores for <a href=\"https:\/\/fly.finance\/blog\/education-loan\/secured-education-loan\/\"><strong>secured education loan<\/strong><\/a> and INR 50 lakhs for <a href=\"https:\/\/fly.finance\/blog\/education-loan\/list-of-unsecured-loans-for-study-abroad\/\"><strong>unsecured loans to study abroad<\/strong><\/a> or in India from banks like SBI.<\/li>\n\n\n\n<li><strong>Collateral-Free Options:<\/strong> Available for premier institutes, reducing the need for assets.<\/li>\n\n\n\n<li><strong>Global Reach:<\/strong> Supports study in countries like the USA, UK, Canada, Australia, and Germany.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-flexible-repayment-options\"><span id=\"flexible-repayment-options\">Flexible Repayment Options<\/span><\/h3>\n\n\n\n<p>Repaying a graduate student loan is designed to be manageable, with extended tenures and moratorium periods that align with your career timeline.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Moratorium Period: <\/strong>Course duration plus 6\u201312 months, allowing time to secure employment.<\/li>\n\n\n\n<li><strong>Repayment Tenure: <\/strong>Up to 15 years, spreading payments over a longer period.<\/li>\n\n\n\n<li><strong>Tax Benefits:<\/strong> Interest paid on graduate education loans is eligible for <a href=\"https:\/\/fly.finance\/blog\/education-loan\/income-tax-rebate-on-education-loan\/\"><strong>income tax rebate on education loan under Section 80E<\/strong><\/a>, up to INR 40,000 annually.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria-for-graduate-education-loans\"><span id=\"eligibility-criteria-for-graduate-education-loans\">Eligibility Criteria for Graduate Education Loans<\/span><\/h2>\n\n\n\n<p>Securing a graduate student loan requires meeting specific eligibility criteria set by lenders. These standards ensure that applicants are capable of repaying the loan while pursuing credible academic programs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-academic-and-nationality-requirements\"><span id=\"academic-and-nationality-requirements\">Academic and Nationality Requirements<\/span><\/h3>\n\n\n\n<p>Lenders prioritize candidates with strong academic backgrounds and confirmed admission to recognized institutions.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nationality:<\/strong> Must be an Indian citizen.<\/li>\n\n\n\n<li><strong>Admission: <\/strong>Secured admission to a graduate program via merit or entrance tests.<\/li>\n\n\n\n<li><strong>Academic Record:<\/strong> Minimum 50% marks in the last qualifying exam (e.g., bachelor\u2019s degree).<\/li>\n\n\n\n<li><strong>Course Type: <\/strong>Job-oriented, technical, or professional programs like MBA, MS, or PhD.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-financial-and-co-applicant-criteria\"><span id=\"financial-and-co-applicant-criteria\">Financial and Co-Applicant Criteria<\/span><\/h3>\n\n\n\n<p>Most graduate student loans require a co-applicant, such as a parent or guardian, to share financial responsibility.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Co-Applicant: <\/strong>Parent, sibling, spouse, or guardian with a stable income.<\/li>\n\n\n\n<li><strong>Collateral:<\/strong> Required for secured loans above INR 7.5 lakhs; includes property or fixed deposits.<\/li>\n\n\n\n<li><strong>Credit Score: <\/strong>Co-applicant\u2019s <a href=\"https:\/\/leverageedu.com\/discover\/general-knowledge\/full-form-of-cibil\/\"><strong>CIBIL<\/strong><\/a> score impacts loan approval and interest rates.<\/li>\n\n\n\n<li><strong>University Ranking:<\/strong> Loans for top 500 QS-ranked universities often have better terms.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-top-graduate-student-loan-providers-in-india\"><span id=\"top-graduate-student-loan-providers-in-india\">Top Graduate Student Loan Providers in India<\/span><\/h2>\n\n\n\n<p>Several banks and NBFCs in India offer graduate student loans with competitive terms. Choosing the right lender depends on interest rates, loan amounts, and repayment flexibility. Here are the leading providers to help you decide.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Provider<\/strong><\/td><td><strong>Max Loan Amount<\/strong><\/td><td colspan=\"2\"><strong>Unique Features<\/strong><\/td><\/tr><tr><td><strong>State Bank of India (SBI)<\/strong><\/td><td>INR 1.5 crores (secured), INR 50 lakhs (unsecured)<\/td><td colspan=\"2\"><strong>Interest Rate:<\/strong> 9.65%\u201310.15%,No collateral up to INR 7.5 lakhs; covers tuition, travel; INR 10,000 processing fee.<\/td><\/tr><tr><td><strong>Punjab National Bank (PNB)<\/strong><\/td><td>INR 40 lakhs (need-based)<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>9.8%\u201311.5%,No processing fee up to INR 20 lakhs; covers travel, equipment.<\/td><\/tr><tr><td><strong>Bank of Baroda (BoB)<\/strong><\/td><td>INR 150 lakhs (abroad), INR 125 lakhs (India)<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>9.15%\u201310.65%,No collateral up to INR 40 lakhs for premier institutes; no processing fees.<\/td><\/tr><tr><td><strong>Canara Bank<\/strong><\/td><td>INR 50 lakhs (need-based)<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>9.25%\u201311.5%,Supports CSIS scheme; collateral for loans above INR 4 lakhs; covers housing, travel.<\/td><\/tr><tr><td><strong>Union Bank of India<\/strong><\/td><td>INR 200 lakhs (premier institutes)<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>9.3%\u201311.25%,Term life insurance required; no collateral for select institutes.<\/td><\/tr><tr><td><strong>Central Bank of India<\/strong><\/td><td>INR 30 lakhs (higher case-by-case)<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>6.85%\u20139.5%,Lowest interest rates; collateral-free up to INR 7.5 lakhs; supports CSIS scheme.<\/td><\/tr><tr><td><strong>ICICI Bank<\/strong><\/td><td>INR 3 crores (abroad), INR 50 lakhs (India)<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>10.5%\u201312.5%,Collateral-free up to INR 40 lakhs for postgraduate courses; preferential forex rates.<\/td><\/tr><tr><td><strong>Axis Bank<\/strong><\/td><td>INR 40 lakhs (unsecured)<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>16.50%\u201317.50%,100% financing; no prepayment penalty; sanctions within 15 days.<\/td><\/tr><tr><td><strong>IDBI Bank<\/strong><\/td><td>INR 30 lakhs (abroad), INR 20 lakhs (India)<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>9.5%\u201311.5%,Third-party guarantee for INR 4\u20137.5 lakhs; covers tuition, travel.<\/td><\/tr><tr><td><strong>South Indian Bank (SIB)<\/strong><\/td><td>INR 1.5 crores<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>10.05%\u201310.80%,Supports PhD, skill development; covers accommodation, insurance.<\/td><\/tr><tr><td><strong>Avanse Financial Services<\/strong><\/td><td>INR 1.5 crores (customizable)<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>11.5%\u201314%,Pre-visa\/pre-admission loans; 100% financing; doorstep service.<\/td><\/tr><tr><td><strong>Credila<\/strong><\/td><td>Up to 100%, including tuition fee and living expenses<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>9.75% p.a. onwards, Pre-visa approval; diverse collateral accepted; supports all professional courses.<\/td><\/tr><tr><td><strong>Tata Capital<\/strong><\/td><td>Need-based (no upper limit)<\/td><td colspan=\"2\"><strong>Interest Rate: <\/strong>10.5%\u201313%,No margin required; 2.75% processing fee; flexible repayment options.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/rbi-guidelines-for-education-loan\/\"><strong>RBI Guidelines for Education Loans<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-a-graduate-student-loan\"><span id=\"how-to-apply-for-a-graduate-student-loan\">How to Apply for a Graduate Student Loan<\/span><\/h2>\n\n\n\n<p>Applying for a graduate education loan involves a straightforward <a href=\"https:\/\/leverageedu.com\/learn\/education-loan-process-steps-eligibility-criteria-repayment-finance\/\"><strong>education loan process<\/strong><\/a>, but preparation is key to ensure quick approval. Follow these steps to apply for a graduate student loan efficiently.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Research Lenders: <\/strong>Compare interest rates, loan amounts, and terms from banks like SBI, ICICI, or NBFCs like Avanse.<\/li>\n\n\n\n<li><strong>Check Eligibility: <\/strong>Confirm you meet the lender\u2019s academic and financial criteria.<\/li>\n\n\n\n<li><strong>Gather Documents:<\/strong> Prepare academic records, admission letters, and financial documents.<\/li>\n\n\n\n<li><strong>Submit Application: <\/strong>Apply online via the lender\u2019s portal or visit a branch.<\/li>\n\n\n\n<li><strong>Loan Approval:<\/strong> Await appraisal and approval, typically within 15 working days.<\/li>\n\n\n\n<li><strong>Disbursement: <\/strong>Funds are disbursed directly to the institution or vendors in installments.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-required-documents-for-graduate-student-loan\"><span id=\"required-documents-for-graduate-student-loan\">Required Documents for Graduate Student Loan<\/span><\/h2>\n\n\n\n<p>Lenders require specific documents to process graduate student loan applications. Here is a list of <a href=\"https:\/\/leverageedu.com\/learn\/documents-required-for-education-loan-finance\/\"><strong>documents required for education loan<\/strong><\/a>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Identity Proof: <\/strong>Aadhaar, <a href=\"https:\/\/leverageedu.com\/discover\/general-knowledge\/pan-full-form\/\"><strong>PAN<\/strong><\/a>, or passport.<\/li>\n\n\n\n<li><strong>Admission Proof: <\/strong>University admission or invitation letter.<\/li>\n\n\n\n<li><strong>Academic Records: <\/strong>Mark sheets of 10th, 12th, and bachelor\u2019s degree.<\/li>\n\n\n\n<li><strong>Co-Applicant Documents:<\/strong> Income proof, bank statements, and asset details.<\/li>\n\n\n\n<li><strong>Collateral Documents: <\/strong>Property papers or fixed deposit receipts (if applicable).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-repaying-your-graduate-student-loan\"><span id=\"repaying-your-graduate-student-loan\">Repaying Your Graduate Student Loan<\/span><\/h2>\n\n\n\n<p>Repaying a graduate student loan is a long-term commitment, but flexible terms make it manageable. Understanding repayment options and strategies can help you stay on track.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-repayment-structure\"><span id=\"repayment-structure\">Repayment Structure<\/span><\/h3>\n\n\n\n<p>Most lenders offer a moratorium period followed by equated monthly installments (EMIs).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Moratorium Period: <\/strong>No principal repayment during the course plus 6\u201312 months.<\/li>\n\n\n\n<li><strong>EMI Structure:<\/strong> Interest accrued during the moratorium is added to the principal.<\/li>\n\n\n\n<li><strong>Tenure: <\/strong>Up to 15 years, allowing affordable monthly payments.<\/li>\n\n\n\n<li><strong>Prepayment:<\/strong> No penalties for early repayment with most lenders.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-tips-for-smooth-repayment\"><span id=\"tips-for-smooth-repayment\">Tips for Smooth Repayment<\/span><\/h3>\n\n\n\n<p>Effective planning ensures you repay your graduate student loan without financial stress.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Budget Wisely: <\/strong>Create a post-graduation budget to accommodate <a href=\"https:\/\/leverageedu.com\/discover\/general-knowledge\/emi-full-form\/\"><strong>EMI<\/strong><\/a> payments.<\/li>\n\n\n\n<li><strong>Leverage Tax Benefits:<\/strong> Claim deductions on interest paid under Section 80E.<\/li>\n\n\n\n<li><strong>Secure Employment:<\/strong> Use the moratorium period to find a stable job.<\/li>\n\n\n\n<li><strong>Consider Part-Time Work: <\/strong>If studying abroad, explore work opportunities to service interest during the course.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-government-schemes-and-subsidies\"><span id=\"government-schemes-and-subsidies\">Government Schemes and Subsidies<\/span><\/h2>\n\n\n\n<p>The Indian government offers schemes to reduce the financial burden of graduate student loans, particularly for marginalized communities. These initiatives provide interest subsidies and affordable terms.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Dr. Ambedkar Interest Subsidy Scheme: Interest-free loans during the moratorium for OBC and EBC students studying abroad.<\/li>\n\n\n\n<li>NSfdc Education Loan Scheme: Loans at 7% interest for studies abroad, with a 0.5% rebate for women.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/nbfc-ombudsman-scheme-for-education-loans\/\"><strong>NBFC Ombudsman Scheme for Education Loans<\/strong><\/a><\/p>\n\n\n\n<p>A graduate student loan is a powerful tool to turn your academic aspirations into reality, whether you aim to study at a prestigious Indian institute or a world-class university abroad. By choosing the right lender, understanding eligibility criteria, and planning repayment strategically, you can pursue your graduate degree with confidence.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-graduate-student-loan\"><span id=\"faqs-on-graduate-student-loan\">FAQs on Graduate Student Loan<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1745500238886\"><strong class=\"schema-faq-question\">What is a graduate student loan?<\/strong> <p class=\"schema-faq-answer\">A graduate student loan is a financial product designed to fund postgraduate education, covering tuition, living expenses, books, and travel for master\u2019s, doctoral, or professional degree programs in India or abroad.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500240820\"><strong class=\"schema-faq-question\">Who is eligible for a graduate education loan?<\/strong> <p class=\"schema-faq-answer\">To be eligible for a graduate education loan, Indian citizens with confirmed admission to recognized graduate programs, a minimum of 50% marks in their last qualifying exam, and a co-applicant with stable income are eligible. Collateral may be required for higher loan amounts.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500241853\"><strong class=\"schema-faq-question\">What expenses does a graduate student loan cover?<\/strong> <p class=\"schema-faq-answer\">Generally, a graduate student loan covers tuition fees, accommodation, food, study materials, equipment, and travel expenses, ensuring comprehensive financial support for your education.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500343508\"><strong class=\"schema-faq-question\">Which banks offer the best graduate education loans in India?<\/strong> <p class=\"schema-faq-answer\">The banks offering the best graduate education loans in India are State Bank of India (SBI), ICICI Bank, and Punjab National Bank (PNB) are top providers, offering competitive interest rates, high loan limits, and flexible repayment terms.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500357178\"><strong class=\"schema-faq-question\">What is the interest rate for a graduate student loan?<\/strong> <p class=\"schema-faq-answer\">Interest rates for a graduate student loan vary by lender. For example, SBI offers 9.65%\u201310.15%, ICICI Bank 10.5%\u201312.5%, and PNB 9.8%\u201311.5%, depending on collateral and institute ranking.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500370927\"><strong class=\"schema-faq-question\">Can I get a graduate education loan without collateral?<\/strong> <p class=\"schema-faq-answer\">Yes, you can get a graduate education loan without collateral and many banks like SBI and ICICI offer collateral-free loans up to INR 50 lakhs or INR 1 crore for premier institutes, subject to eligibility and university ranking.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500387726\"><strong class=\"schema-faq-question\">What is the repayment period for a graduate student loan?<\/strong> <p class=\"schema-faq-answer\">Repayment period for a graduate student loan typically begins after a moratorium period (course duration plus 6\u201312 months) and extends up to 15 years, making EMIs affordable.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500406973\"><strong class=\"schema-faq-question\">Are there tax benefits on a graduate education loan?<\/strong> <p class=\"schema-faq-answer\">Yes, interest paid on a graduate student loan is deductible under Section 80E of the Income Tax Act, up to INR 40,000 annually, for up to 8 years.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500426283\"><strong class=\"schema-faq-question\">Can I get a loan on my graduation degree?<\/strong> <p class=\"schema-faq-answer\">You can\u2019t get a loan solely on your graduation degree, but a graduate student loan for postgraduate studies is available with admission, 50%+ marks, and a co-applicant. The degree supports eligibility, not collateral.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500450731\"><strong class=\"schema-faq-question\">Can I get a 100% education loan?<\/strong> <p class=\"schema-faq-answer\">Yes, a 100% graduate education loan is possible for top institutes, covering tuition and expenses. Requires strong academics, a co-applicant, and sometimes collateral. No margin needed for premier universities.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500467693\"><strong class=\"schema-faq-question\">What is the maximum student loan amount for graduates?<\/strong> <p class=\"schema-faq-answer\">Maximum graduate student loan amounts are INR 1.5\u2013INR 3 crores (secured) or INR 50 lakhs\u2013INR 1 crore (unsecured) for top institutes, depending on the lender, course, and institution ranking.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745500243505\"><strong class=\"schema-faq-question\">Can I get a 20 lakhs education loan?<\/strong> <p class=\"schema-faq-answer\">Yes, a INR 20 lakhs graduate student loan is available from SBI, ICICI, or PNB. Requires admission, a co-applicant, and possibly collateral. Unsecured options exist for premier institutes.<\/p> <\/div> <\/div>\n\n\n\n<p>To learn more about <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, <a href=\"https:\/\/fly.finance\/forex\"><strong>forex<\/strong>,<\/a> banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.<\/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>Additional Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/question-answer\/how-does-an-education-loan-work\/\"><strong>How does an education loan work?<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/question-answer\/how-to-get-an-education-loan-to-study-abroad\/\"><strong>How to take an education loan to study abroad?<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/question-answer\/what-is-the-education-loan-interest-rate\/\"><strong>What is an education loan interest rate?<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/question-answer\/how-much-education-loan-can-i-get\/\"><strong>How much education loan can I get?<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/question-answer\/how-to-apply-for-education-loan-in-sbi\/\"><strong>How to apply for an education loan in SBI?<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/question-answer\/what-is-overdue-amount-in-education-loan\/\"><strong>What is an overdue amount on an education loan?<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/question-answer\/does-education-loan-cover-living-expenses-in-india\/\"><strong>Does an education loan cover living expenses in India?<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/question-answer\/how-much-education-loan-can-i-get-without-collateral\/\"><strong>How much education loan can I get without collateral?<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/question-answer\/can-i-get-eduation-loan-to-study-abroad-without-collateral\/\"><strong>Can I get an education loan to study abroad without collateral?<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/question-answer\/which-bank-has-the-lowest-interest-rates-on-education-loan\/\"><strong>Which bank has the lowest interest rate on education loans?<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 s-0.009,2.688-0.052,3.637c-0.04,0.877-0.187,1.354-0.31,1.671c-0.163,0.42-0.358,0.72-0.673,1.035 c-0.315,0.315-0.615,0.51-1.035,0.673c-0.317,0.123-0.794,0.27-1.671,0.31c-0.949,0.043-1.233,0.052-3.637,0.052 s-2.688-0.009-3.637-0.052c-0.877-0.04-1.354-0.187-1.671-0.31c-0.42-0.163-0.72-0.358-1.035-0.673 c-0.315-0.315-0.51-0.615-0.673-1.035c-0.123-0.317-0.27-0.794-0.31-1.671C4.631,14.688,4.622,14.403,4.622,12 s0.009-2.688,0.052-3.637c0.04-0.877,0.187-1.354,0.31-1.671c0.163-0.42,0.358-0.72,0.673-1.035 c0.315-0.315,0.615-0.51,1.035-0.673c0.317-0.123,0.794-0.27,1.671-0.31C9.312,4.631,9.597,4.622,12,4.622 M12,3 C9.556,3,9.249,3.01,8.289,3.054C7.331,3.098,6.677,3.25,6.105,3.472C5.513,3.702,5.011,4.01,4.511,4.511 c-0.5,0.5-0.808,1.002-1.038,1.594C3.25,6.677,3.098,7.331,3.054,8.289C3.01,9.249,3,9.556,3,12c0,2.444,0.01,2.751,0.054,3.711 c0.044,0.958,0.196,1.612,0.418,2.185c0.23,0.592,0.538,1.094,1.038,1.594c0.5,0.5,1.002,0.808,1.594,1.038 c0.572,0.222,1.227,0.375,2.185,0.418C9.249,20.99,9.556,21,12,21s2.751-0.01,3.711-0.054c0.958-0.044,1.612-0.196,2.185-0.418 c0.592-0.23,1.094-0.538,1.594-1.038c0.5-0.5,0.808-1.002,1.038-1.594c0.222-0.572,0.375-1.227,0.418-2.185 C20.99,14.751,21,14.444,21,12s-0.01-2.751-0.054-3.711c-0.044-0.958-0.196-1.612-0.418-2.185c-0.23-0.592-0.538-1.094-1.038-1.594 c-0.5-0.5-1.002-0.808-1.594-1.038c-0.572-0.222-1.227-0.375-2.185-0.418C14.751,3.01,14.444,3,12,3L12,3z M12,7.378 c-2.552,0-4.622,2.069-4.622,4.622S9.448,16.622,12,16.622s4.622-2.069,4.622-4.622S14.552,7.378,12,7.378z M12,15 c-1.657,0-3-1.343-3-3s1.343-3,3-3s3,1.343,3,3S13.657,15,12,15z M16.804,6.116c-0.596,0-1.08,0.484-1.08,1.08 s0.484,1.08,1.08,1.08c0.596,0,1.08-0.484,1.08-1.08S17.401,6.116,16.804,6.116z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Instagram<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/company\/flyfinance\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-twitter  wp-block-social-link\"><a href=\"https:\/\/twitter.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 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>\n\n<li class=\"wp-social-link wp-social-link-facebook  wp-block-social-link\"><a href=\"https:\/\/www.facebook.com\/Flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 2C6.5 2 2 6.5 2 12c0 5 3.7 9.1 8.4 9.9v-7H7.9V12h2.5V9.8c0-2.5 1.5-3.9 3.8-3.9 1.1 0 2.2.2 2.2.2v2.5h-1.3c-1.2 0-1.6.8-1.6 1.6V12h2.8l-.4 2.9h-2.3v7C18.3 21.1 22 17 22 12c0-5.5-4.5-10-10-10z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Facebook<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Pursuing a graduate degree, whether in India or abroad, opens doors to advanced knowledge and rewarding career opportunities. However, the rising costs of higher education can pose a significant challenge. A graduate student loan offers a practical solution, providing the financial support needed to achieve academic and professional goals. This guide explores the essentials of &#8230; <a title=\"Graduate Student Loan in Abroad or India: Eligibility Criteria, Process &amp; More\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/\" aria-label=\"Read more about Graduate Student Loan in Abroad or India: Eligibility Criteria, Process &amp; More\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":19528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-4374","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>Graduate Student Loan in Abroad or India: Eligibility Criteria, Process<\/title>\n<meta name=\"description\" content=\"Explore graduate student loans to fund your postgraduate studies in India or abroad. Learn eligibility, top lenders, repayment options, and government schemes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Graduate Student Loan in Abroad or India: Eligibility Criteria, Process &amp; More\" \/>\n<meta property=\"og:description\" content=\"Explore graduate student loans to fund your postgraduate studies in India or abroad. Learn eligibility, top lenders, repayment options, and government schemes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-24T13:19:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-04T10:45:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.fly.finance\/uploads\/2025\/04\/Graduate-Student-Loan-in-Abroad-or-India.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Kapil Uniyal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kapil Uniyal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Graduate Student Loan in Abroad or India: Eligibility Criteria, Process","description":"Explore graduate student loans to fund your postgraduate studies in India or abroad. Learn eligibility, top lenders, repayment options, and government schemes.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/","og_locale":"en_US","og_type":"article","og_title":"Graduate Student Loan in Abroad or India: Eligibility Criteria, Process &amp; More","og_description":"Explore graduate student loans to fund your postgraduate studies in India or abroad. Learn eligibility, top lenders, repayment options, and government schemes.","og_url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/","og_site_name":"Fly Finance","article_published_time":"2025-04-24T13:19:17+00:00","article_modified_time":"2025-08-04T10:45:45+00:00","og_image":[{"width":1024,"height":640,"url":"https:\/\/flyblog.fly.finance\/uploads\/2025\/04\/Graduate-Student-Loan-in-Abroad-or-India.webp","type":"image\/webp"}],"author":"Kapil Uniyal","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kapil Uniyal","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/"},"author":{"name":"Kapil Uniyal","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/5122b947220e965b357bf3a4276efef9"},"headline":"Graduate Student Loan in Abroad or India: Eligibility Criteria, Process &amp; More","datePublished":"2025-04-24T13:19:17+00:00","dateModified":"2025-08-04T10:45:45+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/"},"wordCount":2108,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/uploads\/2025\/04\/Graduate-Student-Loan-in-Abroad-or-India.webp","articleSection":["Education Loan"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/","url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/","name":"Graduate Student Loan in Abroad or India: Eligibility Criteria, Process","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/uploads\/2025\/04\/Graduate-Student-Loan-in-Abroad-or-India.webp","datePublished":"2025-04-24T13:19:17+00:00","dateModified":"2025-08-04T10:45:45+00:00","description":"Explore graduate student loans to fund your postgraduate studies in India or abroad. Learn eligibility, top lenders, repayment options, and government schemes.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500238886"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500240820"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500241853"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500343508"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500357178"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500370927"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500387726"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500406973"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500426283"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500450731"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500467693"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500243505"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/uploads\/2025\/04\/Graduate-Student-Loan-in-Abroad-or-India.webp","contentUrl":"https:\/\/flyblog.fly.finance\/uploads\/2025\/04\/Graduate-Student-Loan-in-Abroad-or-India.webp","width":1024,"height":640,"caption":"Graduate Student Loan"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"Education Loan","item":"https:\/\/fly.finance\/blog\/category\/education-loan\/"},{"@type":"ListItem","position":3,"name":"Graduate Student Loan in Abroad or India: Eligibility Criteria, Process &amp; More"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/5122b947220e965b357bf3a4276efef9","name":"Kapil Uniyal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4b56f1ba52ddcf5183ccd8414fb0e7ff3e0b1dd1ac8bedeb9af6b46c24d7b1ed?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4b56f1ba52ddcf5183ccd8414fb0e7ff3e0b1dd1ac8bedeb9af6b46c24d7b1ed?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4b56f1ba52ddcf5183ccd8414fb0e7ff3e0b1dd1ac8bedeb9af6b46c24d7b1ed?s=96&d=mm&r=g","caption":"Kapil Uniyal"},"description":"With over six years of dedicated experience as a content writer in the EdTech industry, I bring a wealth of knowledge and expertise to the field. I have had the privilege of collaborating with various esteemed organizations, consistently contributing to the advancement of learning. I am committed to continuously enhancing my knowledge and sharing insights on topics within my areas of expertise.","url":"https:\/\/fly.finance\/blog\/author\/kapil\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500238886","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500238886","name":"What is a graduate student loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A graduate student loan is a financial product designed to fund postgraduate education, covering tuition, living expenses, books, and travel for master\u2019s, doctoral, or professional degree programs in India or abroad.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500240820","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500240820","name":"Who is eligible for a graduate education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"To be eligible for a graduate education loan, Indian citizens with confirmed admission to recognized graduate programs, a minimum of 50% marks in their last qualifying exam, and a co-applicant with stable income are eligible. Collateral may be required for higher loan amounts.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500241853","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500241853","name":"What expenses does a graduate student loan cover?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Generally, a graduate student loan covers tuition fees, accommodation, food, study materials, equipment, and travel expenses, ensuring comprehensive financial support for your education.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500343508","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500343508","name":"Which banks offer the best graduate education loans in India?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The banks offering the best graduate education loans in India are State Bank of India (SBI), ICICI Bank, and Punjab National Bank (PNB) are top providers, offering competitive interest rates, high loan limits, and flexible repayment terms.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500357178","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500357178","name":"What is the interest rate for a graduate student loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Interest rates for a graduate student loan vary by lender. For example, SBI offers 9.65%\u201310.15%, ICICI Bank 10.5%\u201312.5%, and PNB 9.8%\u201311.5%, depending on collateral and institute ranking.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500370927","position":6,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500370927","name":"Can I get a graduate education loan without collateral?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, you can get a graduate education loan without collateral and many banks like SBI and ICICI offer collateral-free loans up to INR 50 lakhs or INR 1 crore for premier institutes, subject to eligibility and university ranking.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500387726","position":7,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500387726","name":"What is the repayment period for a graduate student loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Repayment period for a graduate student loan typically begins after a moratorium period (course duration plus 6\u201312 months) and extends up to 15 years, making EMIs affordable.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500406973","position":8,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500406973","name":"Are there tax benefits on a graduate education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, interest paid on a graduate student loan is deductible under Section 80E of the Income Tax Act, up to INR 40,000 annually, for up to 8 years.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500426283","position":9,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500426283","name":"Can I get a loan on my graduation degree?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You can\u2019t get a loan solely on your graduation degree, but a graduate student loan for postgraduate studies is available with admission, 50%+ marks, and a co-applicant. The degree supports eligibility, not collateral.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500450731","position":10,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500450731","name":"Can I get a 100% education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, a 100% graduate education loan is possible for top institutes, covering tuition and expenses. Requires strong academics, a co-applicant, and sometimes collateral. No margin needed for premier universities.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500467693","position":11,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500467693","name":"What is the maximum student loan amount for graduates?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Maximum graduate student loan amounts are INR 1.5\u2013INR 3 crores (secured) or INR 50 lakhs\u2013INR 1 crore (unsecured) for top institutes, depending on the lender, course, and institution ranking.\u00a0","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500243505","position":12,"url":"https:\/\/fly.finance\/blog\/education-loan\/graduate-student-loan\/#faq-question-1745500243505","name":"Can I get a 20 lakhs education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, a INR 20 lakhs graduate student loan is available from SBI, ICICI, or PNB. Requires admission, a co-applicant, and possibly collateral. Unsecured options exist for premier institutes.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/4374","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\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=4374"}],"version-history":[{"count":13,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/4374\/revisions"}],"predecessor-version":[{"id":20628,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/4374\/revisions\/20628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/19528"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=4374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=4374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=4374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}