SBI (Global Ed-Vantage)
Public bank
Collateral-backed loans for overseas study; competitive rates and Section 80E tax benefit.
Cost frameworks by destination
UK
£15,000–£35,000 per year
Living: £1,023/month outside London, £1,334/month in London (UKVI)
Canada
CAD 20,000–40,000 per year
Living: CAD 20,635/year (IRCC requirement)
USA
$25,000–$55,000 per year
Living: As stated on your university I-20
Germany
Public: minimal semester fees; private: €10,000–€30,000/year
Living: Blocked account of €11,904/year
Australia
AUD 25,000–45,000 per year
Living: AUD 29,710/year (Home Affairs)
Ireland
€12,000–€25,000 per year
Living: €10,000/year minimum (INIS)
Figures are indicative and change yearly; we verify current requirements with you.
Loan guide
- Lenders commonly used by Chandigarh students: SBI, Punjab National Bank, Avanse, Prodigy Finance.
- Non-collateral loans up to ₹50 Lakhs are available for tier-1 universities, subject to lender assessment.
- Secured loans using property in Punjab typically unlock higher amounts and lower rates.
- Interest paid on education loans is deductible under Section 80E for up to 8 years.
Lender guidelines
Bank of Baroda (Baroda Scholar)
Public bank
Lower rates for premier institutions; collateral usually needed above unsecured limits.
Avanse
NBFC
Non-collateral and secured options; faster processing and flexible co-applicant criteria.
Prodigy Finance
International lender
No collateral or co-signer; eligibility based on university and course for select postgraduate programs.