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Abroad education loans in Karnataka fund tuition, living, and travel costs for students who plan to study overseas. A two-year master’s program typically costs around ₹40–45 lakh, with some destinations costing more. Demand is growing steadily, with 6% of India's nearly 900,000 students studying abroad in 2023 being from Karnataka.
To help you fund your overseas studies, this guide walks you through the best banks and NBFCs, Karnataka Bank loan details, interest rates, and the process.
Key Takeaways
- Banks in Karnataka offer up to ₹1.5 crore for abroad studies and around ₹50 lakh for domestic courses, depending on collateral.
- Education loan rates typically range from 8.3% to 13.5%, with concessions for female students or timely interest payments.
- Karnataka Bank provides education loans up to ₹1.5 crore, with interest starting at 8.85% and special discounts for women and merit-based admissions.
- Early preparation of documents and comparing lenders significantly improves approval chances and helps secure better interest rates.
- Fintech and NBFC lenders like Propelld offer collateral-free loans with faster processing, making them ideal for students needing quick approvals for overseas admissions.
Best Banks for Education Loans in Karnataka
Compare leading lenders for domestic and overseas studies below.
a. For Studies in India
Wondering how to get an education loan for abroad studies smoothly and quickly? Check out our detailed guide: How to Get an Education Loan for Abroad Studies in 2024.
b. For Studies Abroad
Get an Education Loan with Higher Chances of Approval.
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