Financial Aid
IDFC First Education Loan
Receive expert, personalized guidance at no cost from VITTIYA to navigate education financing, ensuring a smooth journey to securing the funding you need for your studies in India or abroad.
Interest Rate
Starting from 10.0%
Processing Fees
Up to 1.5% + GST
Margin Money
0-15%
The Process Explained
How It Goes
Easy 5-Step Digital Journey to Secure Your Education Loan
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Study Abroad
IDFC First Education Loan for Abroad Studies
Everything you need to know about IDFC education loans for studying abroad.
Overview of IDFC Bank
Through VITTIYA, students can access IDFC FIRST Bank’s tailored education loans for overseas studies, designed to provide a smooth, end-to-end experience—from application to disbursement. The process is largely online, with minimal in-person interaction unless document signing is required at the branch. What sets IDFC apart is its focus on the applicant’s academic merit rather than the co-applicant’s financial profile, making it ideal for strong students with limited financial backing.
IDFC has a curated list of 4,000+ universities across countries like the USA, Canada, UK, Australia, Netherlands, and France, covering 30,000+ eligible courses. Institutions are categorized into Platinum, Titanium, and Gold tiers based on college/course or GRE scores, ensuring customized loan terms depending on academic standing and destination.
Features of IDFC First Abroad Education Loan
| Feature | Detail |
|---|---|
| Loan Amount | |
| Maximum age of the applicant | |
| Interest Rate Type | Floating |
| Interest Rate | Starting from 10.75% (depending on category and country) |
| Loan Tenure | Upto 15 Years |
| Moratorium Period | Course + 12 Months |
| Payment during the Moratorium Period | All options available: simple interest, partial simple interest, EMI, no payment (depends on profile) |
| Processing Time | 10 - 12 days (after document submission) |
| Insurance | Credit Life Insurance |
| Tax Benefit | Yes |
| Prepayment penalty | No Penalty |
| Margin Money | NIL (may vary depending on your profile) |
Eligibility Criteria for IDFC FIRST Bank Abroad Education Loan
These are some basic eligibility criteria that you must fulfill to get an abroad education loan from IDFC Bank. These are some general criteria that are applicable to all the loan offered by IDFC FIRST Bank.
- The applicant and co-applicant must be Indian citizens (including NRI).
- The minimum age of the applicant must be 18 years.
- Admitted to the desired institution after completion of the pre-requisite qualifications.
- In case you have not secured admission, you can opt for a pre-admission sanction.
Note: If the admission is not secured, a conditional sanction letter can be given based on the type of course, country or the institute student has applied for.
Eligibility Criteria for IDFC FIRST Bank Abroad Education Loan
This is the IDFC Bank loan that is specific to the US masters course in STEM and MBA programs. The categories of university/college are based on the GRE score as shown below:
- If GRE is more than or equal to 315 - Platinum category
- If GRE is between 300 to 314 then - Titanium category
- If GRE is less than 315 - Gold category
Note: Whichever category is highest as per GRE or university/college list will be considered for the loan process. For exp – if as per your GRE scores your category is Titanium but as per the university/college list your category comes out to be Platinum then your loan will be processed as per the Platinum category.
Other Features of IDFC Bank Education Loan for MS in US
| Feature | Detail |
|---|---|
| Maximum Loan Amount | |
| Rate of Interest | |
| Processing Fees | |
| Repayment Option during the Moratorium | |
| Eligibility for a Full Moratorium (no payment during the course and grace period) | |
| Eligibility for Non-Financial Co-Applicant | |
| Financial Co-Applicant Income | Minimum 35,000 INR (without Obligations) |
Features of Secured Abroad Education Loan via VITTIYA
Through VITTIYA, students can avail secured education loans from Axis Bank by pledging collateral. The co-applicant’s profile also plays a key role in determining eligibility.
- Up to 85% of residential property value (co-applicant salaried)
- Up to 75% of residential property value (co-applicant self-employed)
- Up to 50% of commercial property value
- Interest Rate: Between 9.99% – 10.50%
- No restrictions on course or university – loans are available regardless of the institute’s presence on Axis Bank’s approved list.
IDFC FIRST Bank Education Loan for MS/PGDM in Other Countries
This is the loan offered by IDFC FIRST Bank for other countries apart from the two that have been separately mentioned. The countries that are covered under this include UK, Ireland, Germany, Australia, Sweden, Netherlands, France, and New Zealand.
| Feature | Detail |
|---|---|
| Maximum Loan Amount | |
| Rate of Interest | |
| Processing Fees | |
| Repayment Option during the Moratorium | |
| Eligibility for a Full Moratorium (no payment during the course and grace period) | |
| Eligibility for Non-Financial Co-Applicant | |
| Other Eligibility Criteria |
Documents Required for Abroad Education Loan from IDFC FIRST Bank
The basic documentation that would be required for your loan application are –
Documents required from applicants
- Photo ID proof
- Proof of residence
- Passport sized photograph
- Proof of admission, Fee structure document & Academic documents
Documents required from Co-applicant
- Photo ID proof
- Proof of residence
- Passport sized photograph
- Income-related documents (wherever required)
Benefits of Getting IDFC First Education Loan through VITTIYA
Availing an education loan to study abroad can be made easier and more convenient with Vittiya assistance in partnering with IDFC FIRST Bank. With Vittiya, you gain access to a range of benefits that can enhance your loan experience.
Increased chances of approval
VITTIYA ensures your IDFC FIRST Bank loan application is submitted only after confirming full eligibility, boosting your chances of approval and enabling up to 100% financing.
Customized document checklist
VITTIYA provides a customized checklist tailored to your profile, including required and alternative documents, making your IDFC FIRST Bank loan application process smooth and hassle-free.
Process transparency
VITTIYA takes end-to-end responsibility after document submission, actively coordinating with IDFC FIRST Bank to ensure a fast and transparent loan process.
Free of cost assistance
VITTIYA assigns you a dedicated Education Loan Counselor to support you through the entire loan journey—completely free of cost after verifying your eligibility.
Guaranteed best loan
VITTIYA ensures you get the most competitive education loan. If you find a better offer elsewhere, we’ll match the interest rate difference for the entire loan duration.
How to Apply IDFC FIRST Bank Education Loan via VITTIYA?
Check eligibility
Start by filling out VITTIYA’s loan eligibility form to see if you qualify for an IDFC FIRST Bank abroad education loan—based on your academics, admission status, and credit profile.
Loan application processing
A VITTIYA Education Loan Counselor will guide you through the process and share a personalized document checklist. Once submitted, your application is forwarded to IDFC FIRST Bank for processing.
Documentation submission & verification
Submit all documents as per the VITTIYA checklist, including academic and financial records. IDFC FIRST Bank will then verify your application through credit checks, admission confirmation, and financial review.
Loan Approval & Disbursal via VITTIYA
After successful verification, you’ll receive a loan approval notification from IDFC FIRST Bank. Once you review and sign the agreement, the approved amount will be disbursed as needed.
Overview of IDFC Bank
Through VITTIYA, students can access IDFC FIRST Bank’s tailored education loans for overseas studies, designed to provide a smooth, end-to-end experience—from application to disbursement. The process is largely online, with minimal in-person interaction unless document signing is required at the branch. What sets IDFC apart is its focus on the applicant’s academic merit rather than the co-applicant’s financial profile, making it ideal for strong students with limited financial backing.
IDFC has a curated list of 4,000+ universities across countries like the USA, Canada, UK, Australia, Netherlands, and France, covering 30,000+ eligible courses. Institutions are categorized into Platinum, Titanium, and Gold tiers based on college/course or GRE scores, ensuring customized loan terms depending on academic standing and destination.
Features of IDFC First Abroad Education Loan
| Feature | Detail |
|---|---|
| Loan Amount | |
| Maximum age of the applicant | |
| Interest Rate Type | Floating |
| Interest Rate | Starting from 10.75% (depending on category and country) |
| Loan Tenure | Upto 15 Years |
| Moratorium Period | Course + 12 Months |
| Payment during the Moratorium Period | All options available: simple interest, partial simple interest, EMI, no payment (depends on profile) |
| Processing Time | 10 - 12 days (after document submission) |
| Insurance | Credit Life Insurance |
| Tax Benefit | Yes |
| Prepayment penalty | No Penalty |
| Margin Money | NIL (may vary depending on your profile) |
Eligibility Criteria for IDFC FIRST Bank Abroad Education Loan
These are some basic eligibility criteria that you must fulfill to get an abroad education loan from IDFC Bank. These are some general criteria that are applicable to all the loan offered by IDFC FIRST Bank.
- The applicant and co-applicant must be Indian citizens (including NRI).
- The minimum age of the applicant must be 18 years.
- Admitted to the desired institution after completion of the pre-requisite qualifications.
- In case you have not secured admission, you can opt for a pre-admission sanction.
Note: If the admission is not secured, a conditional sanction letter can be given based on the type of course, country or the institute student has applied for.
IDFC FIRST Bank Education Loan for MS in U.S
This is the IDFC Bank loan that is specific to the US masters course in STEM and MBA programs. The categories of university/college are based on the GRE score as shown below:
- If GRE is more than or equal to 315 - Platinum category
- If GRE is between 300 to 314 then - Titanium category
- If GRE is less than 315 - Gold category
Note: Whichever category is highest as per GRE or university/college list will be considered for the loan process. For exp – if as per your GRE scores your category is Titanium but as per the university/college list your category comes out to be Platinum then your loan will be processed as per the Platinum category.
Other Features of IDFC Bank Education Loan for MS in US
| Feature | Detail |
|---|---|
| Maximum Loan Amount | |
| Rate of Interest | |
| Processing Fees | |
| Repayment Option during the Moratorium | |
| Eligibility for a Full Moratorium (no payment during the course and grace period) | |
| Eligibility for Non-Financial Co-Applicant | |
| Financial Co-Applicant Income | Minimum 35,000 INR (without Obligations) |
IDFC FIRST Bank Education Loan for MS/PGDM in Canada
This education loan by IDFC FIRST Bank is for those international students that want to pursue their higher education in Canada by doing a Master’s or PGDM degree in STEM or management subjects. Like in the US, this too has similar three categories that are Platinum, Titanium, and Gold.
Other Features of IDFC FIRST Bank Education Loan for MS/PGDM in Canada
| Feature | Detail |
|---|---|
| Maximum Loan Amount | |
| Rate of Interest | |
| Processing Fees | |
| Repayment Option during the Moratorium | |
| Eligibility for a Full Moratorium (no payment during the course and grace period) | |
| Other Eligibility Criteria |
IDFC FIRST Bank Education Loan for MS/PGDM in Other Countries
This is the loan offered by IDFC FIRST Bank for other countries apart from the two that have been separately mentioned. The countries that are covered under this include UK, Ireland, Germany, Australia, Sweden, Netherlands, France, and New Zealand.
| Feature | Detail |
|---|---|
| Maximum Loan Amount | |
| Rate of Interest | |
| Processing Fees | |
| Repayment Option during the Moratorium | |
| Eligibility for a Full Moratorium (no payment during the course and grace period) | |
| Eligibility for Non-Financial Co-Applicant | |
| Other Eligibility Criteria |
Documents Required for Abroad Education Loan from IDFC FIRST Bank
The basic documentation that would be required for your loan application are –
Documents required from applicants
- Photo ID proof
- Proof of residence
- Passport sized photograph
- Proof of admission, Fee structure document & Academic documents
Documents required from Co-applicant
- Photo ID proof
- Proof of residence
- Passport sized photograph
- Income-related documents (wherever required)
Benefits of Getting IDFC First Education Loan through VITTIYA
Increased chances of approval
VITTIYA ensures your IDFC FIRST Bank loan application is submitted only after confirming full eligibility, boosting your chances of approval and enabling up to 100% financing.
Customized document checklist
VITTIYA provides a customized checklist tailored to your profile, including required and alternative documents, making your IDFC FIRST Bank loan application process smooth and hassle-free.
Process transparency
VITTIYA takes end-to-end responsibility after document submission, actively coordinating with IDFC FIRST Bank to ensure a fast and transparent loan process.
Free of cost assistance
VITTIYA assigns you a dedicated Education Loan Counselor to support you through the entire loan journey—completely free of cost after verifying your eligibility.
Guaranteed best loan
VITTIYA ensures you get the most competitive education loan. If you find a better offer elsewhere, we’ll match the interest rate difference for the entire loan duration.
How to Apply IDFC FIRST Bank Education Loan via VITTIYA?
Check eligibility
Start by filling out VITTIYA’s loan eligibility form to see if you qualify for an IDFC FIRST Bank abroad education loan—based on your academics, admission status, and credit profile.
Loan application processing
A VITTIYA Education Loan Counselor will guide you through the process and share a personalized document checklist. Once submitted, your application is forwarded to IDFC FIRST Bank for processing.
Documentation submission & verification
Submit all documents as per the VITTIYA checklist, including academic and financial records. IDFC FIRST Bank will then verify your application through credit checks, admission confirmation, and financial review.
Loan Approval & Disbursal via VITTIYA
After successful verification, you’ll receive a loan approval notification from IDFC FIRST Bank. Once you review and sign the agreement, the approved amount will be disbursed as needed.
yOUR ANSWER
Frequently Asked Questions
Which is given priority in choosing a category while taking an education loan from IDFC for MS in US; GRE or university/college?
IDFC FIRST Bank considers both GRE score and university/college for category selection. Whichever gives you the higher category—that will be used for your loan processing.
What are the different expenses which are covered by an IDFC education loan?
IDFC FIRST Bank education loan covers tuition fees, exam/library/lab charges, books and equipment, living and hostel expenses, travel costs, and health insurance.
Will I get any income tax benefits while taking an education loan from IDFC?
Yes, education loans from IDFC FIRST Bank offer income tax benefits under Section 80E of the Income Tax Act.
Do I require a co-applicant for my student loan at IDFC FIRST Bank?
Yes, having a co-applicant is mandatory when applying for an education loan from IDFC FIRST Bank.
Is there any prepayment penalty for IDFC FIRST Bank education loan?
No, IDFC FIRST Bank does not charge any prepayment penalty for closing your education loan early.