How to Get an Education Loan to Study Abroad (2026 Guide)

Collateral vs non-collateral loans, eligibility, documents and how to get the lowest interest rate for your study-abroad education loan.

Types of education loans

There are two broad options: secured (collateral) loans with lower interest rates from public-sector banks, and unsecured (non-collateral) loans from private banks and NBFCs that are faster but cost more. The right choice depends on your course, university, co-applicant income and the amount you need.

Eligibility and documents

Lenders look at your admission offer, course and university ranking, the co-applicant’s income, your academic record and (for secured loans) collateral value. Typical documents include the offer letter, academic transcripts, co-applicant income proof and KYC.

Get the best rate with Vibedu

Vibedu works with leading banks and NBFCs to get you collateral and non-collateral loan options side by side, with the lowest possible interest rate — free of charge. Check your loan eligibility on our homepage to get started.