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FundMyCampus: Education Loan Platform
Affordable destination with deep India ties

Education Loanfor Mauritius

Written by Deepak Agrawal, Founder & CEO, FundMyCampus · MBA, IIM BangaloreReviewed by Ashmita Agarwal, Director, FundMyCampusUpdated on

Mauritius offers Indian students an affordable, English-friendly education with deep cultural ties to India, a large Indian-origin community, and international branch campuses, all in a stable, welcoming island nation. Here's the complete 2026 education loan guide.

₹12–28 L

Typical Loan

Free

Counsellor call

From 8.6%*

(if simple interest is paid during the course; 9.6% otherwise)

* From 8.6% with collateral (PNB Udaan standard, if you pay simple interest during the course; 9.6% otherwise) and around 10.5% without collateral. Final rate is set by the lender.

Mauritius: study destination for Indian students

Country Snapshot

Tuition (yr)
₹4–16 L
Living (yr)
₹6–10 L
Visa
Mauritius Student Visa / Student Residence Permit
Indian students
~2,000/yr

Why Mauritius

Top reasons Indian students choose Mauritius

World-class universities

12+ approved institutions

Strong career outlook

~2,000 Indian students/yr

Loan-ready

All 12+ FundMyCampus banks lend here

Global network

Clear post-study work pathway

The Complete Guide

Studying in Mauritius

Mauritius is an unusually comfortable overseas destination for Indian students, an island nation in the Indian Ocean with deep historical, cultural and family ties to India. A large share of its population is of Indian origin, English is widely used in education and business, and the lifestyle, food and festivals feel familiar. Combined with low tuition and living costs, a full Master's typically runs ₹15–31 Lakhs all-in, Mauritius offers an affordable, low-stress route to an internationally recognised degree.

01

The academic landscape includes the public University of Mauritius and University of Technology Mauritius, alongside a striking number of international branch campuses, Middlesex University, Curtin University and Aberystwyth among them, that award UK and Australian degrees on the island. Indian institutions such as Amity and JSS also operate campuses there. For Indian lenders, recognised Mauritian institutions are straightforward to fund, and because loan tickets are small, almost every loan is fully unsecured. Bank of Baroda's own long presence in Mauritius can make documentation and disbursement particularly smooth for this destination.

02

This guide covers everything an Indian student needs: which lender suits your profile, exact cost breakdowns by program, the Mauritius student-visa and financial-proof requirements, top universities and branch campuses, sample EMIs, and the scholarships and government schemes you can stack, including opportunities arising from the strong India–Mauritius relationship. FundMyCampus has helped Indian students structure low-ticket overseas loans efficiently. And for Mauritius, the recurring insight is to keep the loan small (which the destination makes easy), verify branch-campus accreditation, and tap the India-linked scholarships often available there.

Cost of Studying in Mauritius

Use these numbers to right-size your loan, under-borrowing forces 18%+ personal loans abroad, over-borrowing wastes interest.

Tuition

Living

Travel

Misc + Books

Average Total Program Cost

₹15–31 L for a 2-year Master's

Typical for Indian Master's students

ProgramTuitionLivingTravelMiscTotal
MS / Masters (1.5–2 yrs)₹6–16 L₹6–10 L₹1–2 L₹2–3 L₹15–31 L
MBA (1–2 yrs)₹8–18 L₹5–10 L₹1–2 L₹2–3 L₹16–33 L
Bachelors (3–4 yrs)₹10–24 L₹12–18 L₹2–3 L₹3–5 L₹27–50 L
PhD (3–4 yrs)₹3–10 L₹12–18 L (scholarships/assistantships may help)₹2–3 L₹3–5 L₹10–28 L

Your Journey

How your Mauritius loan flows

From admit to disbursement, what FundMyCampus handles end-to-end.

1

Check eligibility

Free 2-min quiz tells you which banks will approve and at what rate.

2

Submit documents

Upload through our portal. We organise and stress-test before submission.

3

Sanction in days

Most Mauritius loans approved in 5–14 days. We chase the bank for you.

4

Disbursement

Bank wires fees directly to your Mauritius institution. You focus on the move.

Free in 2 minutes

See your eligibility for Mauritius loans

University, loan amount, co-applicant income. We tell you which banks approve you and at what rate.

Best Lenders for Mauritius Loans

Rates span 3–5% across lender types. PSU banks (SBI, BoB) are cheapest at 8.85–10.50% but slowest (15–25 days). Private banks (ICICI, Axis) run 10.25–13.50% with 7–14 day approvals. NBFCs (Avanse, Auxilo, Tata Capital) charge 11–14.5% but are most flexible on profile and fastest (5–8 days). Because Mauritian loan tickets are small (₹12–28 L) and tuition is low, the rupee gap between lenders is modest, but on a ₹22 L loan, choosing a PSU bank over an NBFC still saves roughly ₹4–6 L over a 10-year tenure. For very small tickets, an NBFC's digital convenience can be worth the slightly higher rate.

SBI Global Ed-Vantage logo
SBI Global Ed-Vantage

Interest: 9.15% to 10.15%

For Mauritius: up to ₹1.5 Cr

Study abroad, with collateral: 9.65% (9.15% at SBI's select universities) · Study abroad, without collateral: 9.65% at SBI's select universities, up to ₹50 lakh

Lowest market rates, ideal for Mauritius's small ticket sizes. Funds recognised institutions like the University of Mauritius and reputed branch campuses. 15–25 day processing.

Bank of Baroda Vidya logo
Bank of Baroda Vidya

Interest: 8.85% to 10.50%

For Mauritius: up to ₹1.5 Cr

Strong PSU choice. Bank of Baroda has its own long-standing presence in Mauritius, giving it good familiarity with the destination. Often quick at Tier-2 branches.

ICICI Bank Education Loan logo
ICICI Bank Education Loan

Interest: 10.25% to 12.50%

For Mauritius: up to ₹1 Cr unsecured

Fast 7–14 day approval. Comfortable with established Mauritian universities and international branch campuses. Best private-bank option.

Axis Bank Education Loan logo
Axis Bank Education Loan

Interest: 10.75% to 13.50%

For Mauritius: up to ₹75 L unsecured

Flexible co-applicant norms. Willing to consider private Mauritian colleges and partner-degree programs that PSU banks may hesitate on.

Avanse Financial logo
Avanse Financial

Interest: 11.00% to 14.00%

For Mauritius: up to ₹75 L unsecured

Most accommodating NBFC for emerging destinations and non-traditional courses. Quick 5–8 day turnaround. Approves cases banks decline.

Auxilo Finserve logo
Auxilo Finserve

Interest: 11.50% to 14.50%

For Mauritius: up to ₹60 L unsecured

Study-abroad specialist NBFC, ideal for small Mauritian tickets (₹12–25 L) with minimal collateral and fully digital processing.

PNB Udaan logo
PNB Udaan

Interest: 8.6% (if you pay simple interest during the course; 9.6% otherwise)

Lowest rate with collateral here

PNB Udaan standard, with collateral. Without collateral: rate on request. Rates confirmed by FundMyCampus with PNB.

Interest rates are each lender's standard range. They depend on your university, collateral and co-applicant, not on the country. What changes by country is how much each lender funds and which universities it approves.

Collateral & Unsecured Options

Mauritius is one of the most affordable overseas destinations for Indian students, a Master's typically totals ₹15–31 Lakhs, comfortably within every lender's unsecured limit. Public sector banks (SBI, Bank of Baroda) offer collateral-free loans up to ₹50 Lakhs for recognised foreign universities, and Mauritius's established institutions, the University of Mauritius, the University of Technology Mauritius, and reputed international branch campuses such as Middlesex University Mauritius and Curtin Mauritius, generally qualify. ICICI extends up to ₹1 Crore unsecured for premier institutions, while NBFCs like Avanse and Auxilo fund ₹60–75 Lakhs unsecured at higher rates. For practically all Mauritian programs, no collateral is required. It only becomes relevant for the most expensive Bachelors-plus-living combinations or for smaller private colleges outside a lender's standard list, in which case banks accept residential property (LTV 75–85%), fixed deposits (LTV 90%) and LIC policies. A practical note: Bank of Baroda has a long-standing operational presence in Mauritius, which can make documentation and disbursement smoother for this particular destination.

Visa Essentials

Mauritius Student Visa / Student Residence Permit

What you need to prove for your Mauritius visa

Year 1 fees

Tuition Proof

₹6–10

Living Funds

Mandatory

Loan Letter

3 key items

Requirements

Key Requirements

  • 1

    Indian students apply for a Mauritius student visa / student residence permit, typically arranged with support from the…

  • 2

    For scholarship or assistantship holders, the funding/award letter serves as the primary financial proof, with a small…

  • 3

    Always request a plain-English 'Visa Letter' summary from your bank and carry originals.

Top Universities in Mauritius

These are on most lenders' preferred lists, easier approval, higher unsecured limits, lower rates.

UniversityLocationAnnual FeesTier
University of MauritiusRéduit₹6 LPremier
University of Technology, MauritiusPort Louis₹6 LTier 1
Middlesex University MauritiusFlic en Flac₹9 LTier 1
Curtin MauritiusMoka₹10 LTier 1
Open University of MauritiusRéduit₹4 LTier 2
Université des MascareignesBeau Bassin–Rose Hill₹5 LTier 2
Mauritius Institute of EducationRéduit₹5 LTier 2
Aberystwyth University (Mauritius Branch Campus)Mauritius₹9 LTier 1
Charles Telfair CampusMoka₹8 LTier 1
African Leadership University (Mauritius)Beau Plan / Pamplemousses₹11 LTier 1
Amity Institute of Higher Education, MauritiusQuatre Bornes₹6 LTier 2
JSS Academy of Higher Education, MauritiusVacoas₹7 LTier 2

Get a Loan for Your Mauritius University

See lender-wise rates, how much you can borrow, and EMI estimates for popular Mauritius universities.

After Graduation

Career Outlook in Mauritius

What awaits Indian graduates post-study

Available

Post-study work

Yes

PR pathway

Strong

Salary growth

~2,000/yr

Indian community

Highlights

  • Mauritius offers international graduates a route to stay and work after their studies.

  • The island also positions itself as a gateway between Africa and Asia, so graduates often find roles with multinational…

  • For an Indian student with a ₹12–28 Lakh education loan, the small ticket size is the decisive advantage: even modest…

Sample EMI Calculations

Typical EMI for a Mauritius loan, 10-year repayment tenure after moratorium.

₹10 L · 10% · 7 yrs

~₹16,600

Monthly EMI

₹12 L · 10% · 10 yrs

~₹15,900

Monthly EMI

₹20 L · 10.5% · 10 yrs

~₹27,000

Monthly EMI

₹25 L · 10.5% · 10 yrs

~₹33,700

Monthly EMI

₹30 L · 11% · 12 yrs

~₹37,600

Monthly EMI

₹15 L · 9% · 12 yrs

~₹17,100

Monthly EMI

Calculate your exact EMI with our education loan EMI calculator (includes moratorium interest)

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Mauritius-Specific Documents

  • 1University acceptance / admission letter from the Mauritian institution
  • 2Tuition fee invoice or scholarship/funding letter
  • 3Medical certificate / health screening (required for student residence permit)
  • 4Valid health insurance for the duration of study
  • 5Proof of accommodation in Mauritius
  • 6Valid passport with minimum 6 months validity
  • 7IELTS / TOEFL score (English-taught programs. Many waive for Indian-medium applicants)
  • 8Previous degree certificates and transcripts (with attestation if requested)
  • 9Statement of Purpose / Motivation letter (copy as submitted)
  • 10Mauritius student visa / student residence-permit application forms

Government Schemes

For Mauritius studies, the relevant Indian government support includes: (1) Section 80E tax deduction, full deduction on interest paid on education loans from RBI-registered banks and NBFCs for up to 8 years, regardless of destination. (2) Padho Pardesh, interest subsidy during the moratorium for students from notified minority communities (Muslims, Christians, Sikhs, Buddhists, Parsis, Jains) for postgraduate study abroad, subject to a family income cap (around ₹6 L/year). (3) Dr. Ambedkar Central Sector Interest Subsidy Scheme, moratorium interest subsidy for SC and OBC students pursuing overseas postgraduate study, subject to income caps (~₹8 L for SC). (4) State-level overseas-education interest-subsidy or scholarship schemes from Tamil Nadu, Kerala, Maharashtra, Andhra Pradesh and Telangana that can be stacked. Notably, the strong India–Mauritius relationship means additional opportunities: India's ICCR and government-to-government scholarship programmes periodically support study in Mauritius, and many Indian-affiliated institutions there (such as Amity and JSS campuses) offer their own merit scholarships. Because Mauritian tuition is already low, even a modest scholarship plus Section 80E and a state subsidy can make the net cost very manageable. Your FundMyCampus counsellor can confirm which schemes fit your profile. Note: the Section 80E deduction is available only under the old tax regime.

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Compare Mauritius With Other Study Destinations

Education loan guides for every country Indian students study in

Education Loan for Mauritius FAQs

Common questions Indian students ask about studying in Mauritius on loan

You can borrow up to ₹1.5 Crore, but Mauritius is affordable enough that most students need only ₹12–32 Lakhs for a full Master's. SBI Global Ed-Vantage and Bank of Baroda fund up to ₹50 L unsecured for recognised institutions like the University of Mauritius and reputed branch campuses. ICICI up to ₹1 Cr unsecured for premier ones. And NBFCs like Avanse and Auxilo ₹60–75 L unsecured. For nearly every Mauritian program, the required loan sits comfortably within unsecured limits, so collateral is rarely needed.
Mauritius offers a unique mix: affordability (a full Master's typically ₹15–31 Lakhs), English-medium instruction, a stable and safe environment, and exceptionally deep cultural ties to India. A large share of the population is of Indian origin, so the food, festivals and community feel familiar. Several international branch campuses (Middlesex, Curtin, Aberystwyth) deliver UK/Australian degrees on the island, and Indian institutions like Amity and JSS also operate there. For students who want an overseas degree without culture shock or a Western price tag, Mauritius is a comfortable, value-for-money choice.
Yes, almost always. Mauritian loan tickets are small (₹12–28 L) and fall well within every lender's unsecured cap. SBI and Bank of Baroda offer up to ₹50 L unsecured for recognised institutions. ICICI up to ₹1 Cr unsecured for premier ones. And NBFCs like Avanse and Auxilo ₹60–75 L unsecured. For a typical Mauritian Master's, students at the University of Mauritius or a reputed branch campus qualify fully collateral-free. Collateral only matters for the most expensive Bachelors-plus-living combinations or for smaller private colleges outside a lender's standard list. Note that Bank of Baroda's own presence in Mauritius can make this route especially smooth.
Yes. Branch campuses such as Middlesex University Mauritius, Curtin Mauritius and Aberystwyth's Mauritius campus award the same degree as their UK/Australian parent universities, and these institutions operate under Mauritius's Higher Education Commission framework. This gives the degrees international recognition and makes Indian lenders comfortable funding them. As with any partner-degree program, confirm the awarding body and accreditation in writing, since this affects both global recognition and which lenders will fund the course. Your FundMyCampus counsellor can help verify this.
For a Mauritius student visa / residence permit, you should be ready with: (1) a loan sanction letter on bank letterhead confirming the amount and that funds are available. (2) co-applicant bank statements for 3–6 months. (3) co-applicant ITRs for 2 years. And (4) the university acceptance letter and fee invoice. Scholarship holders can rely on their award letter. Mauritius typically also requires proof of accommodation, a medical certificate and valid health insurance for the study period. The process is comparatively straightforward and English-friendly given the close India–Mauritius ties.
Application to disbursement typically takes 3–6 weeks: about 1 week for document collection. 7–25 days for bank processing (5–8 for NBFCs, 7–14 for private banks, 15–25 for PSU banks). 1–2 days for the sanction letter. 3–5 days for agreement signing. And 2–5 working days for disbursement to the Mauritian institution via SWIFT/wire transfer. Bank of Baroda's presence in Mauritius can streamline disbursement for that lender. Start the loan early so your sanction letter is ready before the institution initiates your visa/residence-permit application, ideally 2–3 months ahead.
Yes. Recent graduates are generally allowed a period to seek employment, after which they can transition to a work or occupation permit once they secure a job, Mauritius actively encourages skilled talent through its Occupation Permit framework. Opportunities are strongest in financial services, ICT and BPO, tourism and hospitality, and the growing fintech sector, with the island also serving as an Africa–Asia business gateway. Salaries are modest but so is the cost of living, and Mauritius's relatively low personal income tax helps keep take-home pay reasonable for loan repayment.
Yes. Your co-applicant (typically a parent) is jointly liable, so the loan appears on their credit report and affects their CIBIL score. Timely EMIs build their credit history positively, while late payments or default damage it, and the outstanding balance counts in their debt-to-income ratio until you start repaying. With Mauritius, the small loan size makes this easy to manage. Most graduates can begin regular EMIs from a Mauritian salary (or after moving to a higher-paying market) and prepay over time, keeping the long-term impact on a co-applicant's credit minimal.
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