There are so many options these days to finance the cost of studying abroad for Indian students. Students reach banks, NBFCs, and International lenders for getting their education loans that can bring a substantial change in their lives. This used to be a pricey affair a decade back, and only those from well-heeled families could afford to study abroad. Now, the credit culture in India has grown by leaps and bounds. The Indian government, RBI, and other stakeholders have pushed banks, financial institutions to expand the ambit of education loans. For instance, one can approach Public Sector Banks(PSBs) and Private Sector Banks for secured loans up to INR 1.5Cr.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/cost-of-studying-abroad