Studying for higher education in foreign universities is a life-changing decision for most of the students. But in India there are many potential students shy away because they cannot afford the high living costs and the fees for the university.
In such conditions, many nationalized and private banks offer student loan to the students who are interested to study abroad. The criteria and requisites for the loan vary from bank to bank. Indian banks are presently approving loan up to 20 Lakhs for foreign studies.