Best Lenders for 
United States Loans
Rates span 3–5% across lender types. PSU banks 8.85–10.50% (cheapest but slowest at 15–25 days). Private banks 10.25–12.75% (faster, broader uni list). NBFCs 10.50–14% (highest unsecured up to ₹1.5 Cr). Prodigy offers USD loans without an Indian co-signer. On a ₹50 L USA loan, choosing right saves ~₹15 L over 10 years.
For USA: 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 rates in the market for USA studies. Best for List A universities (top 100 US institutes). 15–25 day processing.
For USA: up to ₹1 Cr unsecured
Fast 7–14 day approval. Up to ₹1 Cr unsecured for Ivy League and top US universities. Best private bank option.
For USA: up to ₹1.5 Cr unsecured
Without collateral, top-ranked universities: from 9.7% · Standard profile or university: from 10.5%
Largest unsecured amount in the market. 5–8 day approval. Best for late-stage admits and amounts above ₹1 Cr.
For USA: up to ₹75 L unsecured
Most flexible on co-applicant profile and Tier-2 US universities. Approves loans banks decline.
For USA: up to $150,000
International lender, no Indian co-signer needed. Loan is in USD. Best if you can't find an Indian co-applicant or prefer USD-denominated loan.
For USA: up to ₹1.5 Cr
PSU alternative to SBI with slightly higher rates but typically 5–7 days faster processing at Tier-2 city branches.
PNB UdaanInterest: 8.35% floating at PNB's 50 premium universities. Other universities: 9.6% with collateral, or 8.6% if simple interest is paid during the course.
8.35% at 23 premium universities here
With collateral. Premium list here: Harvard University, Stanford University, Massachusetts Institute of Technology, California Institute of Technology, Princeton University, University of California, Berkeley, Yale University, Columbia University, The University of Chicago, University of Pennsylvania, Johns Hopkins University, Cornell University, University of California, Los Angeles, University of Michigan-Ann Arbor, New York University, Duke University, Northwestern University, University of Washington, Carnegie Mellon University, University of California, San Diego, Georgia Institute of Technology, University of Illinois at Urbana-Champaign, University of Texas at Austin. Other universities: 9.6% with collateral, or 8.6% if simple interest is paid during the course. Rates confirmed by FundMyCampus with PNB.
No collateral · 936 universities on its list
Avanse's collateral-free product. No co-applicant at all at 162 listed universities worldwide. Elsewhere a co-applicant is needed but with a relaxed income profile. The higher rate is the trade-off for no collateral.
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
For USA loans, the unsecured vs collateral decision is critical. Public sector banks (SBI, BoB) offer collateral-free loans up to ₹50 Lakhs for select premier US universities, generally those in their 'List A' covering top 100 US institutions including Ivy League, top R1 public universities, and Tier 1 private universities. ICICI Bank offers up to ₹1 Crore unsecured for Premier Institute tier (about 200 top US universities). Credila and Avanse extend up to ₹1.5 Crore and ₹75 Lakhs unsecured respectively, but at higher interest rates. For amounts above ₹1 Crore secured by property collateral, all banks accept residential property (LTV 75–85%), fixed deposits (LTV 90%), and LIC policies. For STEM students at top US universities, expected post-graduation salary often supports higher unsecured amounts. Credila's 'Future Profession' product specifically caters to this.
