EasyShiksha × UniCreds education loans
Education loan for MBA abroad
An MBA abroad is one of the most commonly funded courses. With a strong admit and a solid co-applicant, many students borrow without collateral. Apply free and a UniCreds expert matches you with the right lender.
- From 8.33% p.a.*
- Sanction in 48 hours*
- No-collateral options
- Save up to ₹15 lakh*
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20,000+ students have funded their studies with UniCreds
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MBA abroad: costs and eligibility
An MBA abroad is one of the most commonly funded courses. With a strong admit and a solid co-applicant, many students borrow without collateral. Popular destinations: USA, UK, Canada, Australia.
What it costs
| UK (1-year MBA) | ₹25 lakh – ₹60 lakh |
|---|---|
| USA (2-year MBA) | ₹40 lakh – ₹1.2 crore |
| Canada (1 – 2 years) | ₹20 lakh – ₹50 lakh |
| Australia (1 – 2 years) | ₹25 lakh – ₹55 lakh |
Tuition only. Living costs run about ₹12 – 20 lakh a year in the UK, Canada and Australia, and ₹15 – 25 lakh in the USA.
Who can apply
- Confirmed admission to a recognised MBA programme
- Strong undergraduate record
- Usually 18 – 35 years old
- GMAT, GRE, IELTS or TOEFL scores as your university requires
- Co-applicant (parent, guardian or spouse) with steady income and good credit
Security & repayment
- Secured loans: About 8% – 10% p.a., against property, FDs or bonds; larger amounts
- Collateral-free loans: About 10% – 14% p.a.; based on your co-applicant’s profile
Repayment
Start the loan process 4 to 6 months before your course, and apply at least 2 to 3 months before your visa interview. Document checks usually take 7 to 15 days.
Lenders that fund MBA abroad
Compare starting rates and limits. Your expert shortlists the best fit for your university and profile.
| Lender | Type | Interest (p.a.)* | With collateral | Without collateral | Processing fee |
|---|---|---|---|---|---|
|
ICICI Bank
|
Private bank | From 10% | ₹2 crore | ₹1 crore | 0.5% – 1% + GST |
|
Axis Bank
|
Private bank | From 9.5% | ₹3 crore | ₹75 lakh | 0.5% – 1% + GST |
|
IDFC FIRST Bank
|
Private bank | From 9% | ₹2 crore | ₹75 lakh | 0.5% – 1% |
|
YES Bank
|
Private bank | From 11% | ₹2 crore | ₹50 lakh | 0.5% – 1% |
|
Union Bank of India
|
Public sector bank | From 9.30% | ₹75 lakh | ₹40 lakh (listed universities only) | ₹5,000, refundable |
|
Punjab National Bank
|
Public sector bank | From 9.25% | ₹2 crore | ₹8 lakh | From 0.5% |
|
Credila
|
NBFC | From 9.95% | No upper limit | ₹75 lakh | 0.85% – 1% of the loan |
|
Avanse
|
NBFC | From 10.75% | ₹2 crore | ₹1 crore | 0.5% – 1% + GST |
|
Avanse Global
|
NBFC | From 10% | Not offered | Based on your profile | From 3.99% |
|
InCred
|
NBFC | From 11.4% | ₹2 crore | ₹75 lakh | From 1% |
|
Auxilo
|
NBFC | From 11.25% | ₹2 crore | ₹80 lakh | From 0.5% |
|
Tata Capital
|
NBFC | From 11% | ₹2 crore | ₹75 lakh | 0.5% – 1% |
|
Poonawalla Fincorp
|
NBFC | From 10% | ₹3 crore | ₹1 crore | From 0.75% |
|
Edgro
|
NBFC | From 11.5% | Not offered | ₹1 crore | From 1% |
|
FinZ
|
NBFC | From 10.75% | Not offered | ₹75 lakh | 0.75% – 1.25% |
|
Prodigy Finance
|
International lender | Variable | Not required | Based on your course and school | From 5% |
|
MPOWER Financing
|
International lender | From 12.99% | Not offered | Up to ₹95 lakh | Ask your loan expert |
*As published by UniCreds, Oct 2026. Final terms depend on your profile and the lender’s assessment.
Form to funding in 5 steps
100% digital, with a real person helping you the whole way.
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Share your plans
Where, what and when you want to study, and how much you need.
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Chat with an expert
A UniCreds specialist calls and explains your options.
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Upload documents
All online from home. No branch visits.
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Get the best rate
Your expert negotiates with lenders for you.
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Get sanctioned
Sanction letter in as little as 48 hours*.
MBA education loan FAQs
How much does an MBA abroad cost?
Tuition ranges from about ₹20 lakh for a one-year MBA in Canada to ₹1.2 crore for a two-year MBA in the USA, plus living costs.
Can I get an MBA loan without collateral?
Yes. Several lenders offer collateral-free MBA loans; limits range up to ₹1 crore depending on the lender and your profile.
Do I need work experience?
Not for the loan itself, but some lenders and universities prefer it for an MBA.
Are there government schemes for an MBA abroad?
Yes. Options include the Vidya Lakshmi portal, the Dr. Ambedkar Central Sector Scheme and the Minority Education Loan Scheme, subject to eligibility.
Loans for every course
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*Interest rates, sanction times, savings, loan amounts, fees and other terms are indicative, as published by UniCreds, and depend on the lender and on the student’s and co-applicant’s profile, course and country. Education loans are provided by banks and NBFCs through UniCreds Private Limited. EasyShiksha (EdSpectra Global Private Limited) refers students to UniCreds and does not lend money or guarantee any loan. Lender names and logos belong to their owners. Cost figures are approximate.