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.

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  You must be an Indian citizen to apply for an education loan. 
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  You should be a minimum of 18 years of age or above.
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  You must be enrolled in the IDFC First Bank education loan college list abroad.
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  Your co-applicant must have a sound income and a good credit score. 
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  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.

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  Under the Platinum Plus category, students can secure a loan amount of up to INR 75 lakhs, starting at the rate of 10.75%.
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  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%.
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  Up to INR 35 lakhs of the loan amount is available to students at an interest rate of 11.75% under the Titanium category. 
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  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.
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  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: