Yes Bank Loan for Study Abroad: University List

Yes Bank is a private-sector bank, offering education loans to students planning to study abroad. The loan amounts and terms of the loan agreed, depends on the ranking of the chosen foreign university. To avail of the benefit of good deals, your selected university must come under the list of approved foreign universities for education loan Yes Bank. The private sector bank categorizes institutions based on their QS Global University Rankings, which in turn affects loan eligibility and terms. The private bank majorly classifies its loan products into four categories (Category A, Category B, Category C, and Category D) and offers up to INR 1.25 crore education loans with collateral. The blog will cover Yes Bank education loan college list abroad, eligibility criteria for education loan abroad, application process, and key features of Yes Bank’s education loan for studying abroad.

Key Features of Yes Bank Education Loan Abroad

Eligibility Criteria for Yes Bank Education Loan for Abroad

To avail of the benefits of a Yes Bank education loan, you must understand and meet the eligibility criteria set by them. However, you can secure better terms if your chosen university lies under the Yes Bank abroad education loan university list.

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  You should have Indian citizenship to secure a Yes Bank education loan. 
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  You must be enrolled in a recognized institution. 
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  You must have completed 10+2 or its equivalent to be eligible.
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  For secured loans, you would have to pledge collateral. 
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  Your co-applicant must be your parent, sibling, or Uncle/Aunt.
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  Your co-applicant must have a sound income and a good credit score. 
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  Your targeted university should be under the list of approved foreign universities for education loan by Yes Bank. 
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  Moreover, the repayment capacity of your co-applicant is evaluated.

Understanding the Approved Colleges for Yes Bank Education Loan

Yes Bank classifies its education loan product into four tiers (Category A, Category B, Category C, and Category D), which determines the loan terms of the student. It is important to note that the QS World University Rankings are updated annually, which may affect the classification of universities. The table given below will help you understand the classification of the Yes Bank education loan list of universities abroad. 

Yes Bank Education Loan Abroad University List

The Yes Bank education loan abroad university list PDF includes institutions and universities eligible for education loans based on the bank’s criteria. Higher categories like Category A and Category B offer higher loan amounts and lower interest rates to students seeking education loans to study abroad. Below are some of the top universities approved by Yes Bank.

Category A:

Category B:

Category C

How to Check Yes Bank Approved Colleges?

You can check whether your chosen university comes under the Yes Bank education loan for abroad university list or not by following the below-mentioned steps.

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  Check Your University's QS Ranking - Visit the QS World University Rankings website and search for your university to determine its current ranking.

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  Contact Yes Bank - Call Yes Bank’s customer care at 1800 1200 to inquire about approved universities. You can also visit the nearest Yes Bank branch and speak to a loan officer for detailed information about your chosen university.

Application Process for Yes Bank Education Loan Abroad

You can apply for a Yes Bank education loan online or by visiting the branch.

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  To apply online, go education loan page of Yes Bank and fill out the loan application form.
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  Upload scanned copies of the required documents and submit the application. 
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  To apply offline, visit the nearest Yes Bank branch with all the necessary documents.
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  Speak to a loan officer, submit the loan application form, and provide the original documents for verification.
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  After the successful submission of your loan application, the private bank will verify your documents and check your financial background.
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  The bank will issue a sanction letter once your loan gets approved after the evaluation of your profile. 
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  You can request the Yes Bank education loan disbursement as per your requirements and the terms agreed upon.

With loan amounts reaching up to INR 75 lakhs, students can finance their higher education without unnecessary financial stress. It is advisable to confirm approval for your selected university through their customer service, loan facilitators, or a bank branch. If you find the process to be overwhelming or you face any challenges amid the education loan process, do not worry and connect with GyanDhan. From checking university eligibility to helping with documentation and the application process, GyanDhan ensures a hassle-free loan experience for all students that too at zero cost. Check your loan eligibility today and fund your study abroad dreams with ease!

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