Low-Interest Education Loan 2025 is one of the most searched financial products for students planning to study in USA, UK, Canada, and India. With rising tuition fees, securing a loan at a low interest rate can save students and parents lakhs of rupees. In this guide, we cover the best banks, eligibility, repayment options, and global lenders providing low-cost study loans.
Why Low-Interest Education Loans Are Important?
Students studying abroad already face high costs for tuition, living, visa, and travel. A high-interest loan can double the repayment burden. Low-interest loans offer affordable EMI plans, flexible repayment schedules, and help reduce financial stress while focusing on education.
Top 10 Low-Interest Education Loan Providers 2025
SBI Global Education Loan
One of the most affordable education loan providers in India.
- Loan up to ₹1.5 crore
- Interest rates from 8.25% p.a.
- Grace period till course completion
HDFC Credila
Popular for overseas students in USA, UK & Canada.
- Loan up to ₹1.5 crore
- Collateral-free loans up to ₹40 lakh
- Customized EMI plans
ICICI Bank Abroad Loan
Flexible student loans for international universities.
- Loan up to ₹1 crore
- Competitive interest rates
- Quick disbursement
Prodigy Finance
International lender without collateral requirement.
- Available in 150+ countries
- Loans in USD, GBP, EUR
- Perfect for MBA & STEM courses
HSBC UK Student Loan
Great for Indian and expat students in the UK.
- Low processing charges
- Loan up to £100,000
- Easy EMI repayment
Bank of Baroda Education Loan
Strong global tie-ups with foreign universities.
- Loan up to ₹1 crore
- Attractive interest subsidy schemes
- Government-backed repayment support
Barclays UK Loan
Student finance for expats and overseas students.
- Loan up to £120,000
- Best for postgraduate courses
- Quick approval
Citibank US Student Loan
Preferred lender for US universities.
- Loan up to $100,000
- Flexible grace period
- Repayment after graduation
Bank of America Student Loan
High approval rate for international students in USA.
- Loans with or without co-signer
- Competitive interest rates
- Coverage for STEM programs
Standard Chartered Education Loan
Perfect for expat students across Europe & UK.
- Loan in multiple currencies
- Low interest rate offers
- Instant approval available
Eligibility Criteria
- Confirmed admission in a recognized university abroad or in India.
- Applicant age: 18–35 years.
- Co-borrower (parent/guardian) required for large loans.
- NRIs, expats, and international applicants also eligible.
Documents Required
- Admission letter from university
- Academic records and transcripts
- Passport and visa (for abroad studies)
- Income proof of co-borrower
- Collateral documents (if applicable)
Frequently Asked Questions (FAQs)
Q1. Which bank offers the lowest interest for education loans?
SBI, HDFC, and ICICI are known for low-interest education loans in India, while Prodigy Finance is global.
Q2. Can I get a loan without collateral?
Yes, banks like HDFC Credila and Prodigy Finance provide collateral-free loans up to ₹40 lakh.
Q3. How much loan can I get for US studies?
Up to ₹1.5 crore depending on the university and course.
Q4. Are low-interest loans available for MBA abroad?
Yes, Prodigy Finance, HDFC, and Barclays offer MBA-focused loans at competitive rates.
Q5. Do international students in UK qualify?
Yes, most banks and lenders cover UK, USA, Canada, and Europe students.
Disclaimer: This page is for informational purposes only. We do not provide financial advice or guarantee loan approvals. Loan terms depend on lenders and countries. Students must check official bank websites before applying. All offers are subject to eligibility, collateral requirements, and lender policies.