Known for its 0% margin offerings, IDFC FIRST combines fast digital processing with competitive rates and flexible moratoriums, making it attractive for large-value international loans.
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Basic bank details
Maximum Loan Amount
Up to ₹1.5 Cr
Interest Rate Range
From ~10.75%
Margin Money
0%
Processing Fees
~1.5%
Moratorium Period
Course + 12 M
Repayment Tenure
Up to 15 yrs
Loan Type
Processing Time
10-12 days
Loan Repayment Method
Eligibility Criteria
Indian/NRI Status: Applicant and co-applicant as Indian citizens or NRIs for IDFC education loan eligibility.
Age Requirement: Minimum 18 years for IDFC study abroad loan India.
Admission Proof: Secured spot in recognized institution or pre-admission sanction for IDFC overseas student loan.
Academic/Entrance: Strong records with GRE/IELTS/GMAT if needed for IDFC education loan.
Co-Applicant Mandatory: Family member or NRI relative with income for IDFC study abroad loan.
Course Eligibility: Undergraduate/postgraduate/diploma/professional at accredited global schools for IDFC international student loan.
Destination Coverage: USA, UK, Canada, Australia, Germany, New Zealand, Singapore and more for IDFC overseas education loan.
Collateral Flexibility: Optional; real estate/FD for amounts over 75L in IDFC student loan without collateral.
Document Requirement
ID Proof: Photo ID like passport/Aadhaar for IDFC student loan application.
Residence Proof: Utility bill or address document for IDFC study abroad loan India.
Photos: Passport-sized images for IDFC education loan.
Admission Evidence: Offer letter or entrance scores for IDFC overseas education loan.
Fee Structure: Cost details for IDFC study abroad loan.
Academic Records: Marksheets and salary slips if employed for IDFC international student loan.
Visa Docs: Copy if available for IDFC overseas education loan.
ID Proof: Photo ID like passport/Aadhaar for IDFC co-borrower.
Residence Proof: Utility bill or address document for IDFC study abroad loan co-applicant.
Photos: Passport-sized images for IDFC education loan.
Income Proof: Bank statements/relationship proof if required for IDFC overseas student loan.
For Secured Loans:
Asset Papers: Property deeds/FD details/ownership proof for secured IDFC loan.
Key Features
Loan Limits: Up to INR 1.5 Cr total, 75L collateral-free for IDFC education loan.
Interest Rates: 9.5%-15% floating linked to repo for IDFC loan interest rates 2025.
Full Financing: 100% coverage of tuition/living/travel/insurance for IDFC study abroad loan India.
Repayment Options: Up to 15 years with moratorium (course +12 months) for IDFC overseas student loan.
No Prepayment Fee: Flexible closures anytime for IDFC international student loan.
Tax Deductions: Section 80E benefits on interest for IDFC education loan.
Quick Process: Digital approvals and doorstep service for IDFC overseas education loan.
Category-Based Terms: Higher tiers (Platinum/Titanium) via GRE/university for better rates in IDFC study abroad loan.
How does it work
Total Processing Time
Upload documents securely, get instant verification, and track your application 24/7 through our online platform
Expert Personal Support
Dedicated relationship manager with multilingual support to guide you through the entire loan process
Fastest Loan Processing
Get your education loan approved 3x faster than traditional bank applications with our streamlined process
FAQ
