RBL Bank Education Loan (Abroad)
RBL Bank's education loan for study abroad carries a floating interest rate of 9.25% to 9.75%, a processing fee of 2%, and no prepayment penalty (0%), with a loan amount of up to ₹2,00,00,000 and a tenure of up to 180 months. The lender states its special features mirror those of its India-study education loan.
Documentation follows the same requirements as the India-study loan, plus abroad-specific items: a mandatory passport copy, a mandatory I-20 Form for US institutes, scholarship certificates where applicable, and English-proficiency or standardized test certificates (GRE, GMAT, SAT, or TOEFL). RBL Bank was established in 1943 and is headquartered in Mumbai. Minimum loan amount, minimum tenure, minimum CIBIL score, age, salary, and employment type criteria are not published for this product.
At 9.25%, RBL Bank has one of the lowest starting rates of the 5 lenders we track for education loans (abroad).
Documents required
- Same as education-india, plus abroad-specific: Passport copy (mandatory)
- I-20 Form (mandatory for US institutes)
- scholarship certificates if applicable
- English-proficiency/GRE/GMAT/SAT/TOEFL certificates
As published by RBL Bank. Your branch may ask for more.
Eligibility
Loan terms
- Same as education-india
Fees & charges
Tax: interest is deductible under Section 80E (no cap, up to 8 years). Foreign lenders (labelled below) are not RBI-regulated — read their terms carefully.
FAQ
They lend without Indian collateral and are useful for some students, but they are NOT RBI-regulated — shown here with a distinct badge. Compare their all-in USD cost against an RBI-registered Indian lender before deciding.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.