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Ahmedabad Abroad Education Loan

Abroad Education Loan in Ahmedabad: Complete Guide for Students

Written By
Shailesh Jain
&
Reviewed By
Victor Senapaty
Updated On:
Sep 22, 2025
|
7
mins read
Shailesh Jain
Updated On:
Sep 22, 2025

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Need funds to study abroad? Students typically require about ₹45 lakh for an international degree, including tuition, living, travel, and other expenses. In Q1 FY2025, Gujarat saw a 28% rise in education loan disbursals fueled by growing demand for foreign education. 

In this blog, you’ll read about top education loan providers, secured vs. unsecured loan options, interest rates, required documents, and eligibility criteria, everything you need to secure financing for your education abroad.

By the end of this blog, you will know

Education Loans for MBA

  • Typical loan requirement in Ahmedabad: ₹40–45 lakh for studying abroad
  • Secured loans start around 9.25% interest; NBFCs and banks vary
  • Lenders cover tuition, living costs, travel and academic expenses
  • Required docs: ID, admission letter, financial statements, and collateral papers
  • Apply early and submit complete documents to speed up approval

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Education Loan for Abroad Studies in Ahmedabad- Top Banks

Below are popular education loan providers in Ahmedabad for overseas education, along with approximate loan amounts and processing fees:

Lender

Maximum Loan Amount

Processing Fee

State Bank of India (SBI)

Up to ₹1.5 crore (secured)

₹10,000

Axis Bank

Up to ₹1 crore (Prime A), ₹40 lakh (Prime B)

0.75% of loan

ICICI Bank

Up to ₹2 crore (secured), ₹1 crore (unsecured)

0.75%–1% + GST

IDFC First Bank

Up to ₹75 lakh (unsecured)

Up to 1.5%

Union Bank of India

Up to ₹2 crore (secured), ₹40 lakh (unsecured)

-

Want to learn the step-by-step process for overseas education loans? Check our detailed guide on How to Get an Education Loan for Abroad Studies in 2024.

Education Loan for Indian Colleges in Ahmedabad

If you’re planning to study in India, below are the banks offering education loans in Ahmedabad with their interest rates:

Bank/NBFC

Interest Rate (p.a.)

Loan Amount

Processing Fee

State Bank of India

7.50% to 10.05%

Up to ₹10 lakh (unsecured)

Nil for loans up to ₹7.5 lakh

Bank of Baroda

7.10% to 10.70%

Up to ₹50 lakh

Nil for loans up to ₹7.5 lakh

HDFC Bank

10.50% onwards

Up to ₹7.5 lakh (unsecured)

Nil for loans up to ₹7.5 lakh

Canara Bank

7.60% to 10.35%

Up to ₹50 lakh

Nil

Punjab National Bank

8.55% to 11.25%

Up to ₹10 lakh (unsecured)

Nil

IDFC First Bank

9.50% onwards

Up to ₹1.5 crore

Up to 1.5% of the loan amount

Bank of Maharashtra

7.10% to 10.30%

Up to ₹10 lakh

Nil

Central Bank of India

8.30% to 10.65%

Up to ₹10 lakh (unsecured)

Nil

Tata Capital

9.50% to 18%

Up to ₹85 lakh (unsecured)

Up to 2% + applicable taxes

Avanse Financial Services

11.50% onwards

Up to ₹40 lakh (unsecured)

Varies

Public banks usually offer lower interest rates for secured education loans in Ahmedabad, while private lenders and NBFCs provide faster, often unsecured options at slightly higher rates.

Minimal Docs, Maximum Approval - Apply Now.

Secured vs Unsecured Education Loans in Ahmedabad

Compare secured and unsecured education loans in Ahmedabad to understand collateral requirements, loan limits, and interest rate differences.

Secured Education Loan in Ahmedabad

Opting for a secured education loan in Ahmedabad can help you access higher loan amounts at lower interest rates. Here are the details:

  • Collateral Requirements: Typically require assets such as property, fixed deposits, or government bonds as collateral.
  • Loan Amounts: Can range up to ₹1.5–2 crore, depending on the lender and the value of the collateral.
  • Interest Rates: Generally lower, ranging from 8.5% to 11% per annum, due to the reduced risk for lenders.
    Repayment Tenure: Often extended, with tenures up to 15 years, providing more manageable monthly payments.
  • Processing Time: May take longer due to the need for property valuation and legal documentation.
  • Ideal For: Students with valuable assets to pledge and those seeking higher loan amounts.

Unsecured Education Loan in Ahmedabad

If you don’t have assets to pledge, unsecured education loans in Ahmedabad offer faster approvals and flexible funding. Here are the details:

  • Collateral Requirements: No collateral needed; approval is based on the applicant's creditworthiness and the co-applicant's financial stability.
  • Loan Amounts: Typically up to ₹40–75 lakh, varying by lender and applicant profile.
  • Interest Rates: Higher, ranging from 10% to 16% per annum, reflecting the increased risk for lenders.
  • Repayment Tenure: Usually shorter than secured loans, often up to 10–12 years.
  • Processing Time: Faster approval process due to minimal documentation and no need for property verification.
  • Ideal For: Students without assets to pledge or those needing quicker loan processing.

Looking for collateral-free options for your studies abroad? Read about Education Loan Without Collateral for Abroad: Lenders & ROI.

Get an Education Loan with Higher Chances of Approval.

Documents Required for Education Loan in Ahmedabad

Having the right documents ready can speed up approval, improve your loan terms, and prevent last-minute delays. Below are the documents you’ll need.

Student Documents

  • Passport, PAN, Aadhaar (identity proof)
  • Proof of residence (utility bills, property tax receipt)
  • Admission/offer letter from a foreign university
  • Academic transcripts (10th, 12th, degree certificates)
  • Standardised test scores (GRE, GMAT, IELTS, TOEFL)
  • Gap certificate if there are breaks in education

Co-applicant Documents

  • Recent payslips, last 6 months’ bank statements
  • Form 16 or ITRs (2 years) for salaried
  • For self-employed: last 3 years’ ITR, profit & loss account, balance sheet, and business address proof

Collateral Documents (for secured loans)

  • Property title deed or registered sale agreement
  • Past 30-year sale/ownership chain or Encumbrance Certificate
  • Latest property tax and electricity bills
  • Approved building plan or plot layout

Curious about the benefits and tax advantages of education loans? Explore Education Loan Benefits in India and Abroad 2025.

Education Loan Interest Rates in Ahmedabad

Interest rates for education loans in Ahmedabad vary based on the lender and the type of course (domestic or international). Here's a snapshot of current rates:

Bank/NBFC

Interest Rate (p.a.)

Processing Fee

Notes

State Bank of India (SBI)

7.50%*

Nil for loans up to ₹7.5 lakh

*Conditions apply

HDFC Bank

From 10.50%

Nil for loans ≤ ₹7.5 lakh; 1% for loans > ₹7.5 lakh

 

ICICI Bank

9.70% – 14.00%

Up to 2% + GST

Processing fee varies

IDFC FIRST Bank

9.50%

Up to 1.5%

 

Bank of Baroda

7.10% – 10.70%

Nil for loans ≤ ₹7.5 lakh; 1% for loans > ₹7.5 lakh

 

Punjab National Bank (PNB)

4.00% – 11.85%

Nil for loans ≤ ₹7.5 lakh; 1% for loans > ₹7.5 lakh

 

Auxilo

Varies

Varies

 

Need help deciding which education loan best fits your needs? Our comprehensive guide on Best Education Loans in India & Interest Rates 2025 has you covered.

What Reddit Users Say About Funding for Abroad Studies

Reddit User in r/ahmedabad shared:
“Educational Scholarships for UG Abroad
I am looking for community-based financial assistance to help fund my education. While my family is financially stable, we are exploring potential funding options from community organisations, trusts, or business networks that support students studying abroad, especially as my parents are reaching retirement age.

I belong to the Gujarati/Patel community and would appreciate any leads on Patidar Samaj groups, local business associations, or community trusts in Ahmedabad/Vadodara/Chennai that offer financial aid for students. If anyone has suggestions or knows of any networks that I can reach out to, please let me know. Your help would be greatly appreciated! Thanks in advance!”

Insight:

Many students rely on scholarships and community-based support, but navigating these networks can be time-consuming and inconsistent. For students whose parents are approaching retirement or prefer not to take large loans, a collateral-free education loan can bridge the funding gap efficiently.

What Do We Infer?

  • Community or trust-based funding is often limited, selective, and slow.
  • Collateral-free education loans are a practical alternative, especially for students studying abroad with partial family support.
  • Platforms like Propelld streamline the loan process, providing access to both secured and unsecured loans, helping students secure funds quickly without relying solely on community networks.

Tip:

If you’re seeking funding beyond what community groups can offer, consider checking Propelld’s offerings for collateral-free options. They simplify applications, compare lenders, and can significantly reduce approval time, ensuring you can focus on your admission and travel plans.

How to Apply for an Abroad Education Loan in Ahmedabad

Follow the straightforward steps below to apply for an abroad education loan in Ahmedabad:

1. Research Lenders

Compare banks and NBFC education loans in Ahmedabad for loan amount, interest rate, and collateral needs.

2. Check Eligibility

Most lenders require Indian citizenship, confirmed university admission, and a co-applicant with a good credit profile.

3. Prepare Documents

Gather ID proofs, admission letter, financial papers, and collateral documents if needed.

4. Submit Application

Apply online or at the branch with all required documents.

5. Loan Sanction & Disbursement

After verification, the sanction letter is issued. Funds are disbursed directly to the university or as per the fee schedule.

Study Loan Eligibility in Ahmedabad

To qualify for an education loan in Ahmedabad, students typically need to meet the following criteria:

  • Nationality: Indian citizen.
  • Age: Generally between 16 and 35 years.
  • Course: Admission to a recognised undergraduate or postgraduate course in India or abroad.
  • Academic Record: Good academic performance in previous examinations.
  • Co-applicant: A co-applicant (usually a parent or guardian) with a stable income source. Alternatively, you can also look for an education loan without collateral in Ahmedabad. Providers like Propelld have collateral-free options that can improve your approval chances. 
  • Credit Score: A good credit score (for unsecured loans).
  • Income: For unsecured loans, a minimum annual income of ₹4–6 lakh is often required.

Specific eligibility criteria may vary between lenders. It's advisable to check with the respective bank or NBFC for detailed requirements.

Whether you’re pledging collateral for a lower rate or opting for a faster, unsecured option, the key to success is applying early, comparing lenders, and submitting a complete, accurate application. 

This is exactly where Propelld can help. As an education finance platform specialising in both secured and collateral-free loans, Propelld partners with leading banks and NBFCs to bring you competitive rates and faster approvals. Apply with Propelld today and ensure faster approvals so you can focus on your admission and visa.

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Shailesh Jain
Chartered Accountant, Finance Strategist, Associate Director
Check out full profile

A seasoned Chartered Accountant, Shailesh Jain is a finance and compliance leader specializing in corporate finance, financial operations, and fintech-driven lending models. At Propelld, he scales education loan offerings by shaping financial strategies, optimizing operations, and ensuring regulatory excellence, driving sustainable growth in the edtech and fintech space.

An expert in Fintech & Edtech innovation, Shailesh leverages financial insights to transform education lending, combining analytical rigor with strategic foresight. Previously, he led the finance team at Khatabook, building a new lending venture, and has worked with PwC, ICICI Bank, and Mulberry Silks, gaining strong expertise in audit, risk mitigation, and strategic decision-making.

Passionate about financial innovation, he continues to advance education financing in India, creating efficient, scalable, and compliant lending ecosystems.

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Victor Senapaty
Co Founder, Propelld
Check out full profile

Victor Senapaty is the Co-Founder of Propelld, a pioneering fintech platform revolutionizing education financing in India. An IIT Madras and FMS Delhi alumnus, Victor brings a rare blend of investment banking expertise, startup leadership, and financial innovation to the education lending space.

He is a serial entrepreneur with ventures spanning edtech, hyperlocal commerce, and consumer experiences, and an ex-Deutsche Bank investment banker with deep expertise in financial modeling, valuation, and strategic growth. At Propelld, Victor focuses on unlocking financial access for students by creating future-potential-based lending models, helping thousands pursue higher education without traditional credit barriers.

A National Maths Olympiad gold medalist, FRM Level 1 certified professional, an avid traveler and football enthusiast, Victor is passionate about building products that meaningfully impact lives and transform access to education in India.

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