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A postgraduate degree overseas often comes with a high price tag, typically ranging between ₹20 lakh and ₹40 lakh, pushing more students to depend on education loans to cover costs. RBI data highlights this trend, with the outstanding education loan portfolio climbing to ₹1.31 lakh crore by November 2024.
With such growing demand, identifying universities that lenders officially approve becomes essential. That’s where the approved foreign universities for study abroad loans 2025 list proves invaluable, guiding students and families toward trusted institutions recognised by banks and NBFCs.
In this article, you’ll find the updated list of approved universities, insights into eligibility, and steps to secure financing.
Top Ranked Universities Covered by Education Loans in the U.S.A
The average annual expense for studying in the U.S. ranges from $25,000 to $55,000, covering tuition, accommodation, and living costs. For Indian students, this translates to ₹22–48 lakh per year, depending on the program and city. Because these costs are high, students and families increasingly look for universities already on banks’ and NBFCs’ approved lists to streamline loan approvals.
Listed below are some of the top approved universities in the USA for Indian Students 2025.
You can learn more about financing your studies in the United States by checking out Education Loan for USA. This guide covers key banks, interest rates, and eligibility criteria to help you plan your loan effectively.
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Top Canadian Universities Eligible for Overseas Education Loans
When it comes to studying abroad, Canada continues to be one of the most preferred destinations for Indian students. By late 2024, Canada became home to nearly 4,27,000 Indian students, as reported by the Ministry of External Affairs.
Below is a list of leading Canadian universities recognised by banks and financial institutions for education loans.
Learn more about financing your Canadian education in our guide on Education Loan for Canada with insights on eligibility & application process.
Approved Foreign Universities for Study Abroad Loan in the UK
The United Kingdom has always been a top choice for Indian students aiming for quality higher education. The cost of studying in the UK can vary widely. For international students, postgraduate programs in the UK typically cost between £9,000 and £30,000 per year.
Below is a list of recognised UK universities where students commonly secure funding through foreign education loans.
Many students also compare study destinations before applying for loans. Check out our guide on the US or UK for Indian Students 2025 to make an informed choice.
Education Loan - Min Docs. Max Approval. Min Hassle. Max Tenure.
Considering a Large Education Loan for a UK Master’s in 2025-26? Here’s What You Should Know
Many students are excited about pursuing a master’s in the UK but hesitate due to high tuition fees and living costs. Taking a substantial education loan can feel risky, especially when post-study job prospects and repayment timelines are uncertain.
Reddit User shared:
“I got into a UK CS program, but the tuition fees are huge—around ₹20 lakh. Part-time jobs barely cover living costs. Is taking this loan worth it?”
Insight: While a UK degree can open international career opportunities, relying on part-time jobs to offset costs is limited. Loan repayment depends heavily on your post-study salary and whether you stay in the UK or return to India.
What do we infer from this case?
1. UK education loans carry significant financial risk. Careful planning is essential.
2. Part-time jobs provide some relief but rarely cover major expenses.
3. Repayment timelines vary greatly based on the country you work in post-graduation.
4. Consider long-term career goals and realistic salary expectations before taking large loans.
Tip: Explore scholarships, assistantships, and NBFC or bank loans with flexible terms. Evaluate whether the degree’s ROI aligns with your career plans and financial comfort.
Facing bank loan hurdles? Check out NBFC Education Loan and explore top lenders, interest rates and learn how to apply for flexible options!
Approved Foreign Universities for Study Abroad Loan in Australia
Several Australian universities are approved by Indian banks and financial institutions, simplifying the loan process for aspirants.
Below is a list of leading Australian universities commonly recognised by lenders for study abroad loans.
New Zealand Universities Eligible for Foreign Education Loans
Between January and August 2024, the number of Indian students enrolling in New Zealand universities rose by 34%, reaching 10,640, according to Education New Zealand. The country offers globally recognised degrees, excellent research facilities, and post-study work opportunities, which make it attractive for international students.
The table below shows a list of the leading New Zealand universities commonly recognised by lenders for study abroad loans:
Visa-Approved Foreign Universities for Study Loans in Europe
From 2015 to 2023, the number of Indian students going to Europe increased by 45%, with enrollments in countries such as Germany, France, Italy, and Ireland rising by 68.3%. Indian banks and financial institutions approve many European universities.
Below is a list of countries in Europe with leading universities that are commonly recognised for foreign education loans:
1. Ireland
2. Germany
3. Netherlands
4. France
5. Switzerland
Recognised Asian Institutions Eligible for Study Abroad Loans
For Indian students, destinations like Singapore and Dubai stand out because of their geographical proximity, cultural familiarity, and rising global reputation. Singapore is home to top institutions that rank consistently in the QS World University Rankings, making it a hub for research, technology, and business studies.
Below are some of the leading approved institutions in Singapore and Dubai:
1. Singapore
2. Dubai
For insights on which destinations offer the best opportunities and value, check out our guide on the best country to study abroad for Indian Students in 2025.
Leading Indian Banks & Institutions Providing Education Loans for Overseas Studies
With rising education costs, student loan disbursements in India have surged, with public sector banks releasing ₹28,699 crore in 2023-24. These loans typically cover tuition fees, examination and library fees, travel expenses, and living costs for the duration of the course.
Below is a detailed overview of some of the top Indian banks providing education loans for overseas studies:
Many students also explore banks that give education loans without collateral for abroad to secure funding without pledging assets while still covering tuition and living expenses for their international studies.
Choosing the right foreign university is about ensuring financial feasibility. By targeting universities recognised by Indian banks, students can secure funding efficiently, focus on their studies, and confidently plan for an international career.
Turn your dream of studying at a top foreign university into reality with Propelld. From hassle-free digital approvals to flexible repayment plans and loans up to ₹50 lakh, Propelld supports you at every step of your study abroad journey. Cover tuition, living expenses, and more—without pledging collateral.
Take the first step towards your global education adventure. Apply with Propelld today and secure your study abroad loan in minutes!
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