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Securing a quality education often requires significant financial support. With the rising costs of higher education, IDFC First Bank offers various education loans tailored to meet the needs of students both in India and abroad.
Read on to know:
- The complete list of IDFC approved colleges and universities in India and download it in PDF.
- The different categories of universities approved by IDFC for abroad education.
- Know to check whether your target university is in the list or not.
IDFC Bank Premier Institute List
The IDFC Bank premier institute list is a curated selection of premier institutions eligible for education loans from IDFC First Bank. This list includes top-tier colleges in India and globally recognised universities.
Top Indian Colleges Covered
IDFC education loan college list is available for students aiming to study at some of the best institutions in India.
|
Category |
Colleges/Institutes |
|
Engineering |
IITs, NITs, BITS Pilani, VIT |
|
Management |
IIMs, XLRI, FMS, SP Jain |
|
Medical |
AIIMS, CMC Vellore, AFMC Pune |
|
Private Universities |
Symbiosis International University, Manipal Academy of Higher Education, Amity University |
Global Universities Covered
For students planning to study abroad, IDFC First Bank’s education loans cover a wide range of prestigious universities across different countries in its IDFC Bank premier institute list.
|
Country |
Universities |
|
United States |
Harvard University, MIT, Stanford University, University of California, Berkeley |
|
United Kingdom |
University of Oxford, University of Cambridge, London School of Economics, Imperial College London |
|
Canada |
University of Toronto, University of British Columbia, McGill University |
|
Australia |
University of Melbourne, ANU, University of Sydney |
When considering an education loan from IDFC First Bank, it's essential to verify if your chosen institution is included in their approved college list. Similarly, you can explore the SBI-approved education loan college list to compare eligibility criteria and approved institutions.
IDFC Education Loan College List PDF Download
The IDFC FIRST Bank Education Loan Approved College List PDF includes recognized institutions across India that are eligible for education loans under IDFC’s student financing schemes. It helps students and parents verify whether their target college qualifies for loan processing.
Download the IDFC Education Loan College List PDF
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If you're considering an education loan from IDFC First Bank, it's essential to verify if your chosen institution is included in their approved college list. Similarly, you can explore the Bank of India education loan approved college list to compare eligibility criteria and approved institutions.
IDFC Education Loan Approved College Categories for Abroad
IDFC First Bank offers education loans to students enrolled in globally recognized institutions. These universities are categorised into four tiers (Platinum Plus, Platinum, Titanium, and Gold) which determine the terms of loans for students.
Let's have a look:
Loan Categories for U.S. Universities
IDFC First Bank divides U.S. universities into categories to determine loan amounts and interest rates for students pursuing higher education.
|
Category |
Maximum Unsecured Loan Amount |
Interest Rate |
|
Platinum Plus |
Up to INR 75 lakhs |
Starts from 10.75% p.a |
|
Platinum |
Up to INR 62 lakhs |
Starts from 11.25% p.a |
|
Titanium |
Up to INR 35 lakhs |
Starts from 11.75% p.a |
|
Gold |
Up to INR 25 lakhs |
Starts from 12.5% p.a |
Loan Categories for Universities in Other Countries
IDFC First Bank offers the following categories for students enrolling in universities outside the U.S.: Canada, the UK, Australia, Ireland, France, New Zealand, Germany, and Sweden.
|
Category |
Maximum Unsecured Loan Amount |
Interest Rate |
|
Platinum Plus |
Up to ₹75 lakhs |
Starts from 11% p.a. |
|
Platinum |
Up to ₹50 lakhs |
Starts from 11.25% p.a. |
|
Titanium |
Up to ₹25 lakhs |
12% – 12.5% p.a. |
|
Gold |
Up to ₹20 lakhs |
12.75% – 13% p.a. |
When exploring loan categories for universities in other countries, it's beneficial to consider education loan options for studying in Ireland, as they provide insights into funding structures, eligibility criteria, and loan covers for tuition and living expenses.
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Should You Choose IDFC for Your Education Loan?
Education loans are a big financial commitment, especially for students going abroad for higher studies. With multiple options from public sector banks and private NBFCs, the decision often comes down to comparing interest rates, repayment terms, and overall long-term costs.
On Reddit, a student planning to pursue their Master’s in France shared that they received loan approvals from IDFC and other NBFCs like InCred and Avanse. IDFC offered a ₹75 lakh loan at 11.5% ROI, requiring only ₹5,000 monthly as partial interest for the first three years, after which full EMIs would begin. The user wanted to know whether this would end up costing much more compared to loans from public banks like SBI, or if IDFC was still a good choice.
To answer this, NBFCs like IDFC are known for faster processing and higher loan amounts without much collateral, but they generally come at higher interest rates. Since the loan here is large and the interest is compounded, the long-term outgo will be significantly higher than what public banks like SBI or Bank of Baroda would charge at lower floating rates (usually 9–10%). If flexibility and speed are priorities, IDFC can be a good option, but if minimizing total repayment is the main goal, a public sector bank loan is financially safer in the long run.
IDFC Education Loan Approved Foreign Universities List
IDFC First Bank offers up to 100% financing for higher education, with customized solutions to meet your needs. You can also get funding for travel, a laptop, books, uniforms, insurance, and other college expenses. Your chosen university must be in the USA, Canada, UK, Australia, Ireland, France, New Zealand, Germany, or Sweden to qualify. Below is a list of top universities approved by IDFC First Bank.
Platinum Plus Category:
|
List of Universities |
|
|
Massachusetts Institute of Technology |
Stanford University |
|
Carnegie Mellon University - School of Computer Science |
UCB - Haas School of Business - Berkeley Haas |
|
CMU School of Architecture |
Johns Hopkins University |
|
Integrated Innovations Institute |
Georgia Institute of Technology |
|
Purdue University - The School of Materials Engineering |
Graduate College |
|
Alfred Taubman College of Architecture and Urban Planning |
Michigan Engineering |
|
University of Southern California |
USC Marshall School of Business |
|
The University of Texas |
Mays Business School |
|
Cornell University |
Columbia University - Columbia Business School |
|
Duke University |
Leeds School of Business |
|
University of Colorado Boulder |
INSEAD - France |
|
INSEAD - Singapore |
Imperial College London |
|
ESADE Business School |
S P Jain School of Global Management |
|
University of Chicago |
Booth School of Business - London |
Platinum Category:
|
List of Universities |
|
|
University of Indianapolis |
Sam Houston State University |
|
Texas Womans University |
University of Wisconsin - Parkside |
|
Cranfield University |
University of Southampton |
|
University of Leeds |
University of Glasgow |
|
University of Dundee |
University of Bristol |
|
University of Birmingham |
UCL (University College London) |
|
The University of Warwick |
Swansea University |
|
WHU - Otto Beisheim |
Frankfurt School of Finance and Management |
|
University of Gottingen |
Technische Universität Berlin (TU Berlin) |
|
Excelia Group |
Toulouse Business School |
|
University College Dublin (UCD) |
Trinity College Dublin (TCD) |
|
Karolinska Institute |
Uppsala University |
Titanium Category:
|
List of Universities |
|
|
Liberty University |
Wilkes University |
|
Lasell University |
University of Central Arkansas |
|
City University of Seattle |
University of Reading |
|
University of Bath |
The University of Nottingham |
|
Queen Mary, University of London (QMUL) |
The University of Sheffield |
|
University of Bonn |
Universität Erlangen-Nürnberg |
|
Audencia School of Management |
Kedge Business School |
|
EMLYON Business School |
NEOMA Business School |
|
University of Limerick (UL) |
University College Cork (UCC) |
|
National University of Ireland, Galway (NUIG) |
Maynooth University |
|
Dublin Institute of Technology (DIT) |
Umeå University |
|
University of Newcastle |
Macquarie University |
Gold Category:
|
List of Universities |
|
|
James Cook University (JCU) |
Touro College |
|
Southeastern Louisiana University |
Columbus State University |
|
Oklahoma City University |
Kean University |
|
Alliant International University Los Angeles |
Idaho State University |
|
Saint Leo University |
Walsh College of Accountancy and Business |
|
University of Phoenix |
Jacksonville State University |
|
California State University San Bernardino |
Franklin University |
|
Worcester State University |
Queen Margaret University |
|
University of Brighton |
University of Salford |
|
Plymouth University |
Coventry University |
|
University of Liverpool |
University Of Hohenheium, Germany |
|
University of Potsdam |
University of Lille |
|
EM Normandie Business School |
Southern Cross University |
Also, consider HDFC Bank for funding your higher education. Make sure to review their list of approved colleges in this comprehensive guide: HDFC Bank Education Loan College List.
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How to Check IDFC Education Loan College List?
You can check whether your chosen university is approved for an education loan by referring to the IDFC First Bank university list PDF. Follow the steps below:
Visit the Official Website:
Go to the IDFC First Bank website. On the education loan section, look for the university list PDF. Click the link to download the document and check if your university is included.
Contact Customer Support:
If you can't find the list online, you can contact IDFC First Bank's customer support. They will help you verify if your university is eligible for a loan.
Visit a Nearby Branch:
Alternatively, visit the nearest IDFC First Bank branch. Bank representatives will assist you with information related to your selected university and loan eligibility.
The IDFC education loan college list includes top institutions in India and abroad, ensuring you can pursue your academic dreams with the financial backing you need.
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Also Read: Union Bank Education Loan: Interest Rate, Features, and Benefits
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