IDFC First Bank Education Loan

The IDFC First Bank Education Loan is a bank loan product for students seeking funding to study abroad. It offers secured (collateralized) loans up to ₹1.5 crore and collateral-free loans up to ₹50 lakh, with different product tiers (Platinum Plus, Platinum, Titanium, Gold, Bronze) targeting various countries and university categories. The loan can cover tuition, living expenses, travel, insurance, and study-related costs and requires documentation from the applicant and a co-applicant where applicable. Interest rates and terms vary by product and secured vs unsecured status.

Loan amounts: collateral-free up to ₹50 lakh, secured up to ₹1.5 crore; covers tuition fees, living expenses (accommodation), travel expenses, exam fees, library and laboratory charges, books and equipment, laptop cost, overseas insurance and medical insurance premium.

Applicant must be a citizen of India (including NRIs), be at least 18 years old at loan initiation, and have obtained admission to the intended institution; co-applicant and income/CIBIL requirements vary by product and security status.

Apply via the bank's education loan channel or branch; submit admission letter and required KYC, academic and financial documents; co-applicant documentation and collateral where applicable.