Banks and Financial Institutions Offering Education Loans for Canada in 2025
Studying in Canada continues to be one of the top choices for Indian students, thanks to its high-ranking universities, favorable immigration policies, and diverse career opportunities. However, the cost of education and living expenses can be significant. That's where education loans come into play.
In 2025, several Indian banks and financial institutions are offering customized education loan schemes for students planning to study in Canada. This blog, brought to you by Vizzve Finance, lists the best banks and NBFCs offering these loans, helping students and parents make informed financial decisions.
✅ Top Banks Offering Education Loans for Canada (2025)
1. State Bank of India (SBI Global Ed-Vantage Scheme)
Loan Amount: Up to ₹1.5 crore
Interest Rate: ~10.15% p.a.
Processing Fee: ₹10,000 + GST
Repayment: Up to 15 years post-moratorium
2. Punjab National Bank (PNB Udaan)
Covers: Tuition fee, travel, books, laptop, insurance
Interest Rate: Starting from 10.00% p.a.
Collateral Required: For loans above ₹7.5 lakh
3. Bank of Baroda (Baroda Scholar Loan)
Offers pre-visa disbursement
Covers full tuition and living expenses
Interest Rate: ~9.85% p.a.
Flexible collateral terms
4. HDFC Credila
Specialized lender for education loans
Loan up to ₹50 lakh or more based on profile
No margin money required
Quick disbursement process
5. Axis Bank
Loan up to ₹40 lakh without collateral
Interest Rate: Starting from 10.50% p.a.
Coverage: All major expenses including GIC (Guaranteed Investment Certificate)
6. ICICI Bank
Provides pre-admission sanction letter
Attractive rates for top-tier institutions
Loan amount: Up to ₹1 crore
Fast-track processing for Canada-bound students
7. Avanse Financial Services
NBFC focused on overseas education
Loan covers 100% of expenses
Competitive interest rates with flexible repayment
Offers loans for part-time work-study options too
8. InCred Finance
No upper limit on loan amount (based on profile)
No margin money for select universities
Faster sanction and disbursement process
9. Auxilo
Technology-driven NBFC with Canada loan specialization
Minimal documentation and pre-visa disbursement
Custom loan structuring based on student profile
✅ Why Choose Vizzve Finance for Education Loan Guidance?
Vizzve Finance has emerged as a trusted name among students and parents for offering expert guidance on education loans for international studies. In 2025, Vizzve’s curated lists, personalized loan matching, and bank tie-ups have helped thousands of aspirants get pre-approved loans — leading this blog to trend on Google Discover and fast-index on search engines.
Expertise: Real-time updates on bank policies
Partnerships: Direct liaisons with major banks and NBFCs
Support: End-to-end assistance, from application to sanction
✅ Key Factors to Compare When Choosing a Loan
Interest Rate (Fixed vs Floating)
Processing Time
Pre-visa Disbursement Options
Margin Money Requirements
Moratorium Period
Collateral Rules
✅ Conclusion
Securing an education loan for Canada has become easier and faster in 2025 thanks to technology-led platforms like Vizzve Finance and proactive offerings by banks and NBFCs. Always compare all options before committing and choose a loan that fits your academic and financial profile best.
(FAQ) – FREQUENTLY ASKED QUESTIONS
Q1. Which bank offers the best education loan for Canada in 2025?
Answer: SBI and ICICI Bank are considered the most student-friendly due to lower interest rates and faster processing. HDFC Credila and Avanse are great NBFC alternatives.
Q2. Can I get a loan without collateral for studying in Canada?
Answer: Yes, many banks and NBFCs like Axis Bank, InCred, and Avanse offer unsecured loans for top Canadian institutions.
Q3. Is pre-visa disbursement available?
Answer: Yes, banks like SBI, Axis, and NBFCs like Credila and Auxilo offer pre-visa disbursement to meet GIC requirements.
Q4. What is the average loan interest rate for Canada-bound students?
Answer: Rates typically range from 9.5% to 13% depending on your profile, loan amount, and institution.
Q5. How long does loan approval take?
Answer: With Vizzve Finance assistance, approval can take as little as 3–7 days depending on documentation.
Published on : 24th July
Published by : Selvi
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