3 July 2025, 01:05 PM
How To Get an Education Loan for Abroad Studies
Studying abroad isn’t just a goal, it’s a life-changing experience that opens the door to world-class education, global exposure, and rewarding career opportunities. However, for many Indian students and their families, the financial aspect can feel overwhelming.
From high tuition fees to accommodation, travel, visa, and living expenses, international education comes with a significant price tag. This is where an education loan for studying abroad becomes not just helpful, but essential. It gives you the freedom to focus on your academic and career aspirations without constant financial worry.
Whether you’re planning to Study in the USA, Study in the UK, Study in the Germany, Study in the Hungary, or any other destination, smart financial planning is the backbone of a successful journey. But with multiple lenders, varying interest rates, and diverse eligibility criteria, navigating the student loan landscape can be confusing.
That’s exactly where MetaFinance by MetaApply IE steps in.
We understand the financial stress students face when planning for international education. That’s why MetaFinance offers end-to-end education loan support—from shortlisting the best lenders and matching your profile to suitable banks, to assisting with documentation and ensuring timely loan approvals.
Our aim is to make the entire process simpler, faster, and tailored to your individual academic and financial background.
In this blog, we’ll guide you through everything you need to know about securing an education loan for studying abroad, types of loans, what expenses are covered, eligibility criteria, application steps, and common mistakes to avoid.
Whether you’re a student applying overseas for the first time, or a parent supporting your child’s education journey. This guide will empower you with the right knowledge to make confident, informed financial decisions.
So, let’s begin. Discover how you can finance your future and let MetaApply IE be your trusted partner every step of the way.
Why Education Loans are essential for Abroad Studies
Studying abroad is one of the most valuable investments you can make for your future, but it also comes with significant financial demands. While the exact cost depends on the country, university, and course, the overall expense can range anywhere from ₹20 lakhs to ₹60 lakhs or more.
Beyond tuition fees, there are additional costs to consider: international travel, Visa and Documentation charges, health and travel insurance, accommodation, food, study materials, and general living expenses throughout the course duration.
For most Indian families, arranging such a large sum at once is not financially feasible without dipping into life savings or selling important assets. This is where an education loan for abroad studies becomes not just a helpful option, but an essential requirement.
An education loan provides students with the financial freedom to pursue their dream courses at globally recognised universities without compromising on quality or opportunity due to budget constraints.
Education loan usually includes:
College fees and tuition fees
Expenses of travelling and insurance
Room and boarding costs
Visa fee and application fee
Study equipment or laptop equipment
Additionally, a student loan will make students more responsible with money at an early age. It also helps ease the financial tension of parents and makes higher education affordable among the students of different socio-economic levels.
With proper study abroad finance planning and expert student loan guidance, students can secure the funding they need to unlock global opportunities without postponing or compromising on their academic goals. MetaFinance is an important part of this journey because it assists students in getting the correct loans through the correct lenders in transparent and stress-free mode.
Major advantages of educational loans
This is the reason why education loans are preferable in comparison to saving alone or being supported by the family:
Tax Advantages: There are deductions that you can claim under section 80E of Income Tax Act. Moratorium Period: The repayment begins after completion of the course.
Develops Financial Discipline: Payment on a timely basis assists in maintaining a good credit.
Choice of Course and Country: You are free to choose courses and countries without having to assume the limitation of finance.
MetaApply IE ensures that students understand all these advantages during our student loan guidance sessions.
Types of education loans for students
Lending with Security (Secured Loan)
In this type of loans, they require an asset, such as a property or FD to give security.
Reduced rates (8- 10 %)
Increased limits of the loans
Extended timelines in repayment
Unsecured Loan for Abroad Studies
These loans don’t require any security, ideal for students with strong academic backgrounds or admission to top-ranked universities.
Higher interest rates (11–14%)
Loan cap depends on the lender
Quicker processing
Studying abroad isn’t just a goal, it’s a life-changing experience that opens the door to world-class education, global exposure, and rewarding career opportunities. However, for many Indian students and their families, the financial aspect can feel overwhelming.
From high tuition fees to accommodation, travel, visa, and living expenses, international education comes with a significant price tag. This is where an education loan for studying abroad becomes not just helpful, but essential. It gives you the freedom to focus on your academic and career aspirations without constant financial worry.
Whether you’re planning to Study in the USA, Study in the UK, Study in the Germany, Study in the Hungary, or any other destination, smart financial planning is the backbone of a successful journey. But with multiple lenders, varying interest rates, and diverse eligibility criteria, navigating the student loan landscape can be confusing.
That’s exactly where MetaFinance by MetaApply IE steps in.
We understand the financial stress students face when planning for international education. That’s why MetaFinance offers end-to-end education loan support—from shortlisting the best lenders and matching your profile to suitable banks, to assisting with documentation and ensuring timely loan approvals.
Our aim is to make the entire process simpler, faster, and tailored to your individual academic and financial background.
In this blog, we’ll guide you through everything you need to know about securing an education loan for studying abroad, types of loans, what expenses are covered, eligibility criteria, application steps, and common mistakes to avoid.
Whether you’re a student applying overseas for the first time, or a parent supporting your child’s education journey. This guide will empower you with the right knowledge to make confident, informed financial decisions.
So, let’s begin. Discover how you can finance your future and let MetaApply IE be your trusted partner every step of the way.
Why Education Loans are essential for Abroad Studies
Studying abroad is one of the most valuable investments you can make for your future, but it also comes with significant financial demands. While the exact cost depends on the country, university, and course, the overall expense can range anywhere from ₹20 lakhs to ₹60 lakhs or more.
Beyond tuition fees, there are additional costs to consider: international travel, Visa and Documentation charges, health and travel insurance, accommodation, food, study materials, and general living expenses throughout the course duration.
For most Indian families, arranging such a large sum at once is not financially feasible without dipping into life savings or selling important assets. This is where an education loan for abroad studies becomes not just a helpful option, but an essential requirement.
An education loan provides students with the financial freedom to pursue their dream courses at globally recognised universities without compromising on quality or opportunity due to budget constraints.
Education loan usually includes:
College fees and tuition fees
Expenses of travelling and insurance
Room and boarding costs
Visa fee and application fee
Study equipment or laptop equipment
Additionally, a student loan will make students more responsible with money at an early age. It also helps ease the financial tension of parents and makes higher education affordable among the students of different socio-economic levels.
With proper study abroad finance planning and expert student loan guidance, students can secure the funding they need to unlock global opportunities without postponing or compromising on their academic goals. MetaFinance is an important part of this journey because it assists students in getting the correct loans through the correct lenders in transparent and stress-free mode.
Major advantages of educational loans
This is the reason why education loans are preferable in comparison to saving alone or being supported by the family:
Tax Advantages: There are deductions that you can claim under section 80E of Income Tax Act. Moratorium Period: The repayment begins after completion of the course.
Develops Financial Discipline: Payment on a timely basis assists in maintaining a good credit.
Choice of Course and Country: You are free to choose courses and countries without having to assume the limitation of finance.
MetaApply IE ensures that students understand all these advantages during our student loan guidance sessions.
Types of education loans for students
Lending with Security (Secured Loan)
In this type of loans, they require an asset, such as a property or FD to give security.
Reduced rates (8- 10 %)
Increased limits of the loans
Extended timelines in repayment
Unsecured Loan for Abroad Studies
These loans don’t require any security, ideal for students with strong academic backgrounds or admission to top-ranked universities.
Higher interest rates (11–14%)
Loan cap depends on the lender
Quicker processing