The average cost of a 2-year US MBA is ₹70–90 lakh. A UK master's: ₹40–60 lakh. Here's how Indian students can finance foreign education without wiping out family savings.
Loan Amounts Available
Nationalised banks: up to ₹1.5 Cr with property collateral. Specialised lenders (Credila, Avanse, InCred): up to ₹75L, some without collateral for top-ranked universities.
Collateral vs Collateral-Free
Above ₹7.5L: banks require property mortgage. Specialised lenders assess university ranking + co-signer's income instead — better option if you lack property.
GRE/GMAT Score Impact
High test scores + admission to top-100 ranked global university can get you lower rates and collateral-free options from private lenders.
Repayment Strategy
Most students in the US/UK earn in foreign currency. Use forward contracts or remittance platforms to repay at favourable exchange rates. Set up auto-debit from an NRE account to avoid currency risk.