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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
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Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
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Explore Personal
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Privilege Program
- Privilege Program
Unlock features, exclusively available
only on the IDFC FIRST Bank app
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Upto 100% financing, with flexible repayment options
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Loan sanction even before admission confirmation*
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Moratorium period for selected institutes
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Income tax benefits under section 80E
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Upto 100% financing, with flexible repayment options
-
Loan sanction even before admission confirmation*
-
Moratorium period for selected institutes
-
Income tax benefits under section 80E
Education loan for Abroad Studies
Dreaming of studying abroad? Our education loan for abroad studies covers tuition fees, living expenses, and travel costs, making your global education journey stress-free. With competitive education loan interest rates, flexible repayment options, and quick approvals, we ensure seamless financing. You will receive guidance through every step of the journey, right from your loan application to the disbursement, thereby making the admission process hassle-free.Read More
Our foreign education loan application process is simple with end-to-end digitization, which reduces the loan approval time and expedites the loan sanctioning.Read Less
Features & Benefits
There are several advantages in availing student loans from IDFC FIRST Bank. With our ALWAYS YOU FIRST principle, you will enjoy:
Education loan available up to ₹2 Crore*
Collateral-free loans of up to ₹1 Crore*
Up to 100% financing*
Flexible loan tenure up to 15 years*
Flexible repayment options
Hassle-free education financing fulfilled at your doorstep
Customized solutions tailored as per your needs
Income tax benefits under section 80E
Funding additional expenses (travel expenses, purchase of laptop/books/uniform, insurance cost etc.) along with college related expense
Calculate your
Education Loan EMI
ELIGIBILITY
Who can apply?
- An Indian National (Including NRI)
- 18 years old or above at the time of loan commencement
- Admitted in the desired institution after completion of the pre requisite qualifications
Admission not confirmed yet, Do not worry
- If the admission is not secured, sanction could be subjective based on the type of course, country or the institute student has applied for
Documentation
Student
- Photo ID proof
- Proof of residence
- Passport sized photograph
- Proof of admission
- Fee structure document
- Salary slips of experienced candidates
- Visa copy
- Academic documents
- Fully filled application form
Co-applicant
- Photo ID proof
- Proof of residence
- Passport sized photograph
- Income related documents
- Fully filled application form
Collateral documents
- Property documents
- FD documents
Fees & Charges for Education Loan
Find out about our minimal and transparent fees & charges
FREQUENTLY ASKED QUESTIONS
Which countries are covered under education loan for abroad studies?
IDFC FIRST Bank’s student loan for studying abroad could be availed for studying in a number of countries – USA, UK, Canada, Australia, Germany, New Zealand, Singapore and others. You can reach IDFC FIRST Bank’s representative to know the full list of countries.
What are the costs covered under the student loan for studying abroad?
The student loan for studying abroad would include the following expenses towards the course:
College related expenses:
- • Tuition and Fees payable to the institute
- • Examination / library / laboratory fees
- • Purchase of books / Equipment / uniforms
- • Living expenses (including Hostel fees)
Additional expenses:
- • Travel expenses
- • Purchase of computers/laptops
- • Overseas Insurance
- • Cost of health insurance
What are the type of courses that are funded by IDFC FIRST Bank education loan for abroad studies?
IDFC FIRST Bank’s education loan for abroad studies covers plethora of courses across graduation and post-graduation degrees. The list includes technical and professional courses offered by the recognized universities and autonomous institutions. Apart from the full time courses, we fund education for executive, part time, vocational and diploma courses as well.
Do I get tax benefits with student loan for studying abroad?
Yes, you get income tax benefits under education loan for abroad studies as well.
