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₹10K–₹1.5Cr · Collateral & Non-Collateral · 12+ lenders

The right loan, for the right university .

We don't just point you to a bank — we compare offers across 12+ lenders, handle documentation, negotiate interest rates, and stay with you from sanction to disbursement. Free, with no bank commission to us.

₹47 Cr+loans sanctioned FY 2025
12+bank & NBFC partners
94%first-application approval
Zerocommission to students
Maximum loan amount
₹1.5 Cr
Unsecured · no collateral required
select banks & NBFCs
HDFC Credila SBIICICI ProdigyMPower Avanse+6 more
✓
Pre-approvalSame-day decision
0
NGI commissionZero cost to you
₹47Cr+
Total loans facilitated in FY 2024–25
12+
Partner banks and NBFCs across India
94%
First-application sanction rate
0 fees
NGI charges zero commission — ever
Loan options

Three paths. We'll tell you which one fits.

Collateral availability, university ranking, and co-applicant income — we map all of it to the right loan product before you walk into a branch.

Most popular

Collateral-backed loan

Secured against property, FD, or LIC policy. Lowest interest rates (8.5–10%), highest limits, and the longest repayment tenure. Best for families with a property asset.

SBIPNBBOBUnion BankICICI
Interest from8.5% p.a.
No property needed

Non-collateral loan

Unsecured loans up to ₹75 L (some NBFCs up to ₹1.5 Cr). Co-applicant income or top-ranked university admission are the key eligibility factors.

HDFC CredilaAvanseInCredAuxilo
Interest from10.5% p.a.
For global universities

International NBFC / abroad lenders

Prodigy Finance & MPower lend in USD/GBP based on your earning potential, not your parents' income. No co-applicant, no collateral, no Indian credit check.

Prodigy FinanceMPowerLeap Finance
Interest fromUSD 9.5% p.a.
Bank & NBFC partners

Direct relationships — faster decisions, better rates.

Every bank below has a named relationship manager at NGI — meaning your file gets reviewed, not queued.

Compare all 12 options
State Bank of India
Public Sector · Scholar Loan
Max amount₹1.5 Cr
Rate9.15% p.a.
MoratoriumCourse + 1 yr
CollateralOptional ≥₹7.5L
Tax benefit 80ESecured & unsecured
HDFC Credila
NBFC · Specialised EdLoans
Max amount₹1.5 Cr
Rate10.5–13% p.a.
MoratoriumCourse + 6 mo
CollateralNot required
48-hr sanctionNo prepayment penalty
ICICI Bank
Private Sector · Study Power
Max amount₹1 Cr
Rate10–11.5% p.a.
MoratoriumCourse + 1 yr
CollateralOptional ≥₹20L
Pre-visa sanction letterForex support
Avanse Financial
NBFC · EdTech focus
Max amount₹75 L
Rate11–13.5% p.a.
MoratoriumCourse + 6 mo
CollateralNot required
Living expenses coveredNo margin money
MPower Financing
US-based NBFC · USD loans
Max amountUSD 100,000
Rate~13% USD p.a.
Moratorium6 months post-grad
CollateralNone · ever
No co-applicantUSA / Canada only
Prodigy Finance
UK-based · Alumni model
Max amountVaries by uni
Rate~9.5% USD p.a.
Moratorium6 months post-grad
CollateralNone · ever
Top 100 unis onlyNo co-applicant
EMI estimator

See your monthly repayment before you apply.

Adjust loan amount, tenure, and interest rate to estimate your EMI. A counsellor will share lender-exact figures after your profile review.

Estimated monthly EMI

Your repayment at a glance

Based on reducing balance method. Moratorium not included — EMI begins after course completion + grace period.

Monthly EMI · estimated
₹22,160
Starting after moratorium period
Total interest
₹13.3 L
Total payable
₹33.3 L

Adjust your parameters

Loan amount₹20,00,000
Interest rate (p.a.)10.5%
Repayment tenure10 years

* Indicative estimate only. Actual EMI depends on processing fees, moratorium interest capitalisation, and lender-specific repayment schedules. A counsellor will share exact figures during your free loan consultation.

How it works

Six steps from profile to disbursement.

We stay with you at every step — not just the application.

Step 01

Profile review

Income, co-applicant, property, destination country — we map your profile to the best-fit lenders.

Step 02

Document prep

Personalised checklist. We review every document before submission. Apostille & co-applicant KYC coordinated.

Step 03

Multi-bank apply

We apply to 2–3 lenders in parallel — giving you real offers to compare, not one take-it-or-leave-it quote.

Step 04

Negotiation

Our volumes give us leverage. We push banks on rate, processing fee, and moratorium terms.

Step 05

Sanction letter

Visa-ready sanction letter formatted to each embassy's requirements — no back-and-forth.

Step 06

Disbursement

Direct to university or to your account. We coordinate with university payment deadlines.

Eligibility & documents

Who qualifies — and what you need to bring.

Most students with a confirmed admission letter and a salaried co-applicant can get pre-approval within 24 hours.

Confirmed admission letter

Conditional or unconditional offer from your target university. Some banks pre-approve before final admission — we'll tell you when.

Co-applicant (parent or guardian)

Salaried or self-employed. Minimum annual income ₹3–5 L (varies by bank). Co-applicant income determines the ceiling for unsecured products.

Collateral (secured loans only)

Residential/commercial property, fixed deposit, or LIC surrender value. Not required for NBFCs or international lenders.

Academic record

Class 10, 12, and undergrad marksheets. Strong academics help, but a solid co-applicant profile can compensate.

Identity & residence proof

Aadhar, PAN, passport for both student and co-applicant. Bank statements (6 months) and ITR (2 years) for co-applicant.

Documents we help you prepare.

We provide a personalised checklist on Day 1, review every document, and coordinate with banks on behalf of parents who can't take time off work.

  • Admission offer letter (original + translation if non-English)
  • Cost of attendance estimate from university
  • Student + co-applicant KYC documents
  • Income proof — IT returns, salary slips, Form 16
  • Bank statements · 6 months · co-applicant
  • Property documents + legal opinion (secured loans)
  • Visa application copies (some banks require these)
  • Passport size photos · student and co-applicant
Enquire Now
FAQ

Loan questions, honest answers.

We'd rather you understand the commitment fully than be surprised six months into your course.

Does NGI Academy charge for loan assistance?
No. Our loan counselling, document review, bank introductions, and application tracking are entirely free. We earn zero commission from any bank or NBFC. Our interest is in you choosing the right loan — not in steering you toward a higher-commission product.
How much can I get without collateral?
Up to ₹75 L through Indian NBFCs (HDFC Credila, Avanse, InCred, Auxilo) and up to USD 100,000 through MPower or Prodigy Finance. The key factor is co-applicant income for domestic lenders, or university ranking / future earning potential for international lenders. Some NBFCs sanction ₹1.5 Cr unsecured for admissions to top-25 global universities.
Can I get a loan before my visa is approved?
Yes — this is the standard sequence. You apply for the loan after admission confirmation and use the sanction letter as part of your visa application. Banks issue a sanction letter within 48 hours to 2 weeks. We format the letter to each embassy's requirements so you don't face a second round of paperwork.
What is the moratorium period and how does interest work?
The moratorium is the period (course duration + grace period) during which you are not required to repay. Most banks charge simple interest during moratorium, which is then capitalised into the principal when EMIs begin. Some NBFCs offer an option to service the interest during the course — which reduces the total payable amount significantly. We'll show you both scenarios.
Does an education loan give any tax benefit?
Yes. Under Section 80E of the Income Tax Act, interest paid on an education loan is fully deductible for 8 consecutive years from when repayment starts — with no cap on the amount. This applies to both domestic and international education loans, and the benefit can be claimed by the borrower (student) or the co-applicant making the payment.
Can I prepay the loan early without penalty?
Most public-sector banks (SBI, PNB, Union) have zero prepayment penalty on floating-rate loans per RBI guidelines. NBFCs vary — HDFC Credila charges a prepayment fee in the first 1–2 years, after which it's free. We flag these terms in every loan comparison we share with you.
What if I can't repay after graduation?
Education loan defaults affect your and your co-applicant's CIBIL score. If collateral was pledged, the bank can proceed against it. This is why we counsel every family on realistic repayment capacity before recommending a loan size. We'd rather you borrow slightly less and repay comfortably than over-leverage and struggle post-graduation.
Do international lenders (MPower, Prodigy) report to Indian credit bureaus?
No — they report to US credit bureaus, not CIBIL or Experian India. A default won't directly impact your Indian credit score — but it will impact your US/global credit history, which matters if you plan to build a career abroad. We walk you through this during consultation.
Still have questions?

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