IDFC First Bank Loan for Study Abroad: University List

IDFC First Bank offers education loans to students aspiring to study abroad at reputed institutions. The Bank provides education loans for over 35K courses globally across 4,500+ universities. They maintain a list of approved foreign universities for education loan IDFC First Bank. The bank categorizes these universities into four groups namely Platinum Plus, Platinum, Titanium, and Gold. These categories determine the maximum loan amounts, interest rates, and repayment options that are available to students. The bank provides financial assistance for tuition fees, living expenses, and other education-related costs for students enrolled in these premier institutes. IDFC First Bank provides secured education loans of up to INR 1.5 crores, starting at an interest rate of just 10.75%. This blog provides a comprehensive list of approved foreign universities for IDFC First Bank education loans, covering destination countries like the USA, Canada, UK, Australia, Ireland, France, New Zealand, Germany, and Sweden.

Key Features of IDFC First Bank Education Loan Abroad

Eligibility Criteria for IDFC First Bank Education Loan for Abroad

The bank maintains specific lists of eligible colleges and universities for loan approval. To avail of the benefits of the IDFC First Bank education loan for abroad university list, you should meet the following eligibility criteria.

• 
  You must be an Indian citizen to apply for an education loan. 
• 
  You should be a minimum of 18 years of age or above.
• 
  You must be enrolled in the IDFC First Bank education loan college list abroad.
• 
  Your co-applicant must have a sound income and a good credit score. 
• 
  If you haven't secured admission yet, you can apply for a pre-admission loan sanction.

Understanding the Approved Colleges for IDFC First Bank Education Loan

IDFC First Bank offers education loans to students enrolled in globally recognized institutions with strong academic performance and high employment rates. The bank categorizes universities into four tiers (Platinum Plus, Platinum, Titanium, and Gold) which determine the terms of loans for students.

• 
  Under the Platinum Plus category, students can secure a loan amount of up to INR 75 lakhs, starting at the rate of 10.75%.
• 
  For the Platinum category, a loan amount of up to INR 62 lakhs is available for students who lie under the IDFC First Bank education loan list of universities abroad at an interest rate of 11.25%.
• 
  Up to INR 35 lakhs of the loan amount is available to students at an interest rate of 11.75% under the Titanium category. 
• 
  For the Gold category, IDFC First Bank offers education loans of up to INR 25 lakhs at an interest rate of 12.5% for students admitted to approved universities abroad.
• 
  Higher categories like Platinum Plus and Platinum offer higher loan amounts and lower interest rates.

Loan Categories for U.S. Universities:

For students pursuing higher education in the US, IDFC First Bank categorizes universities into the following tiers. 

Loan Categories for Universities in Other Countries:

For students enrolling in universities outside the US (such as in Canada, the US, the UK, Australia, Ireland, France, New Zealand, Germany, and Sweden.), IDFC First Bank provides the following categories.

List of Approved Foreign Universities for Education Loan by IDFC First Bank

IDFC First Bank provides up to 100% financing for your higher education and customized solutions designed for your specific needs. Moreover, you can secure funding for expenses like travel expenses, purchase of laptop/books/uniform, insurance costs, and college-related expenses. However, your selected university must be in the USA, Canada, UK, Australia, Ireland, France, New Zealand, Germany, and Sweden. Below is the list of top universities approved by IDFC First Bank. 

Platinum Plus Category:

Platinum Category:

Titanium Category:

Gold Category:

How to Check IDFC First Bank Approved Colleges?

You can check the IDFC First Bank education loan abroad university list pdf to verify whether your chosen university comes under the list or not. Follow the below-mentioned steps. 

IDFC First Website :

Visit the official website of IDFC First Bank. On the education loan page, look for the IDFC First Bank abroad education loan university list. Click on this link to download the PDF document that contains the list of approved colleges.

Contact Customer Support:

If you're unable to find the list online, reach out to IDFC First Bank's customer service for assistance. They can provide information regarding the eligibility of specific institutions.

Visit a Local Branch:

You can also visit the nearest IDFC First Bank branch. Bank representatives will provide you with information about your selected university.

Application Process for IDFC First Bank Education Loan Abroad

Follow the below-mentioned steps to apply for an education loan from IDFC First Bank for studying abroad. 

• 
  Calculate the college expenses and total financial support you need.
• 
  Check your eligibility and your chosen university, whether it falls under the IDFC First Bank education loan abroad university list or not. 
• 
  Apply online or by visiting the nearest IDFC First Bank branch. 
• 
  Collect the required documents, and ensure that all the documents are up to date and not expired. 
• 
  Fill out the form and submit the loan application, ensure that you proofread your application carefully before submission. 
• 
  The bank will issue the sanction letter if your profile gets approval after the verification.
• 
  Loan disbursement will take place as per the terms of the loan agreement. 

IDFC First Bank makes higher education accessible for students, offering higher loan amounts with reasonable interest rates. However, you might face challenges while applying for an education loan. To help you with the application process, GyanDhan brings a simple and hassle-free way to apply for an IDFC First Bank education loan. From checking university eligibility to securing the best deals for you, GyanDhan assists you at every step, ensuring a smooth loan approval process with expert guidance. What are you waiting for? Check your loan eligibility today to secure funds for your higher education with ease.

Frequently Asked Questions