NRI Education Loan
Your child's education, in India or abroad, funded the right way.
Education loans for your children with you as the NRI parent co-applicant. We match you to lenders that accept overseas income and guide your child through admission paperwork.
Lenders that offer NRI education loans
We work with [XX] banks, housing finance companies and NBFCs that lend to NRIs.
Banks and housing finance companies
- State Bank of India
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- Bank of Baroda
- Punjab National Bank
- Canara Bank
- Union Bank of India
- IndusInd Bank
- HSBC India
- LIC Housing Finance
- PNB Housing Finance
NBFCs
- Bajaj Finance
- Tata Capital
- Aditya Birla Capital
What you can finance
Studies in India
Undergraduate and postgraduate courses at recognised Indian universities and institutes.
Studies abroad
Degrees at universities overseas, including travel and living costs where the lender allows.
Professional courses
Medicine, engineering, management, law and other professional programmes.
Balance transfer
Move an existing education loan to a lender with a better rate.
Who can apply
- The student is usually the main borrower, with the NRI parent or guardian as co-applicant, subject to lender policy
- Confirmed admission at a recognised institution
- Co-applicant income of at least [currency and amount]
- Collateral may be required for loans above ₹[XX] lakh
- Some lenders also need a resident Indian co-applicant
What the loan can cover
Coverage depends on the lender and the course.
*Repayment usually starts after the course ends; interest terms during this period vary by lender.
Compare offers
Compare NRI loan offers in seconds
Choose a loan, amount and tenure. Lenders are ranked by their published starting rate, with your estimated monthly EMI.
| Est. monthly EMI | Total interest | Processing fee | Action | ||
|---|---|---|---|---|---|
| State Bank of India Lowest published rate | 8.55% p.a. | ₹49,701 | ₹19,64,157 | Nil up to ₹20 L; ₹10,000 above | Get my exact rate |
| Punjab National Bank | 8.55% p.a. | ₹49,701 | ₹19,64,157 | Mostly nil | Get my exact rate |
| Bank of Baroda | 9.15% p.a. | ₹50,996 | ₹21,19,472 | Nil up to ₹7.5 L; 1% above | Get my exact rate |
| Canara Bank | 9.25% p.a. | ₹51,213 | ₹21,45,571 | Nil | Get my exact rate |
| ICICI Bank | 9.50% p.a. | ₹51,759 | ₹22,11,083 | As per lender | Get my exact rate |
| HDFC Credila | 11.00% p.a. | ₹55,100 | ₹26,12,001 | As per lender | Get my exact rate |
| Avanse | 11.50% p.a. | ₹56,238 | ₹27,48,581 | As per lender | Get my exact rate |
Lenders' published starting rates as on September 2026, from this published source. Starting rates apply to the best-qualified borrowers; the rate offered to you depends on your profile, income country and lender policy and may be higher. Lenders are ranked by published starting rate only, not by recommendation. EMI is an estimate at the starting rate. Not an offer of credit.
Education Loan rates are priced case by case
Lenders price these facilities on your project, business and security. Share a few details and your advisor will bring back live offers from our lending partners.
Your exact NRI offer, free
Unlock your personalised education loan offer within 24 hours
- Lower franking charges and processing fee*
- Competitive pricing, negotiated on your full profile
- Doorstep document pickup and attestation in Singapore and Dubai
- A dedicated advisor, in your time zone
KLICK NRI Exclusive offer. Subject to change. *Conditions apply.
KLICK NRI Exclusive
Benefits you only get with us
Apply through KLICK NRI and these come with your loan.
Doorstep and attestation service now live in Singapore and Dubai
Lower franking charges
Reduced franking (stamp) charges on your loan agreement.*
Lower processing fee
Reduced processing fees negotiated with our partner lenders.*
Competitive pricing
We negotiate your rate with lenders, based on your full profile.*
Doorstep service
Courier pickup of your documents from your home or office.*
Attestation service
Notarisation and attestation of your power of attorney and documents arranged for you.*
KLICK NRI Exclusive offer. Subject to change. *Conditions apply. Benefits apply to eligible loans sanctioned and disbursed through KLICK NRI, subject to lender approval. Doorstep document pickup and attestation are currently available in Singapore and Dubai only. [Third-party notary and Indian mission fees: see offer conditions.]
What would your EMI be?
Move the numbers to see your monthly instalment. Your advisor will confirm the rate your profile qualifies for.
Your monthly EMI
₹66,278
Illustrative only. Not an offer of credit. Actual rate, amount and tenure are decided by the lender.
Get this rate checkedDocuments checklist
A typical list. The exact documents depend on the lender and your country, and your advisor confirms them before you start. See our country checklists.
Student
- Admission letter and fee schedule
- Academic records and entrance test scores
- Passport, PAN and Aadhaar, as applicable
- Recent passport-size photographs
NRI parent co-applicant
- Passport with valid visa or work permit
- Salary slips for the last [X] months
- Overseas bank statements for [X] months
- NRE / NRO account statements
- Overseas address proof
Collateral (if required)
- Title documents of the property offered
- Approved plan and tax receipts
- Valuation report
- Fixed deposit or other security details, if offered
Parent abroad, student in India? We coordinate documents between you and your child so neither of you is chasing the lender.
Book a call about thisRepaying your EMI from abroad
EMIs are paid in Indian rupees. You can pay them in any of these ways.
From your NRE or NRO account
Set up a standing instruction so the EMI is debited automatically each month.
By remittance from abroad
Send funds through normal banking channels to your loan account.
From income in India
Rent or other Indian income credited to your NRO account can be used to pay the EMI.
KLICK to connect
Meet your advisor, face to face, from anywhere
Book a Google Meet video call at a time that suits you, or ask our Servicing Team to call you back.
Video meeting on Google Meet
30 minutes with an advisor. The Meet link is emailed to you.
NRI education loan questions
Can an NRI parent take an education loan for their child?
Yes, usually with the student as the main borrower and the NRI parent or guardian as co-applicant. Lenders look at the student's admission, the course and institution, and the co-applicant's income and credit history. Some lenders also require a resident Indian co-applicant or guarantor. If the student is under 18, the parent or guardian may need to be the borrower. Policies vary by lender and by whether the course is in India or abroad.
Is collateral required?
It depends on the amount, the lender and the course. Many lenders lend smaller amounts, up to about ₹[XX] lakh, without collateral, relying on the co-applicant's income. Above that, they usually ask for security such as residential property, fixed deposits or insurance policies. Some lenders offer higher unsecured limits for top-ranked institutions. Your advisor will compare lenders' thresholds for your course.
Does the loan cover studies abroad?
Yes. Many lenders finance studies abroad at recognised institutions, including undergraduate, postgraduate and professional courses. Loans usually cover tuition, accommodation and living costs, travel, and often books, a laptop and equipment, up to the lender's limit. Some lenders favour certain countries and institutions. You will need the admission letter, a cost estimate from the institution and, for study abroad, visa documents before final disbursement.
When does repayment start?
Education loans usually have a repayment holiday (moratorium) for the course and [6 to 12 months] after it ends, or until the student starts working, whichever is earlier, subject to lender policy. Interest generally accrues during this period. Some lenders ask for simple interest to be paid during the course; paying it reduces the final cost. Repayment then runs over [X years]. Check your sanction letter for the exact terms.
Are there tax benefits?
Indian tax law has allowed a deduction for interest paid on education loans for higher studies, subject to conditions, for a limited number of years, but only if the person repaying has taxable income in India and the loan is from an approved lender. The Income-tax Act, 2025 replaced the earlier Act from April 2026, so check current section numbers and conditions. Please take advice from a tax professional on your situation.
Last updated: [date]
General information only. Lender policies vary and the lender makes the final decision.