Got an admit to University of Mauritius? Compare collateral-free education loans from 12+ banks & NBFCs, get rates from 6.85%, and see how much you can borrow, your EMI, and the Mauritius Student Visa / Student Residence Permit proof you'll need.
₹12–28 L
Typical Loan
48 Hours
Approval
From 6.85%
Interest Rate
Loan Snapshot
Why FundMyCampus
Up to high limits
₹12–28 L typical for Mauritius
Collateral-free
Unsecured options available
12+ lenders
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48-hour approval
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The Complete Guide
University of Mauritius is a emerging university in Mauritius — one of the top destinations for Indian students, with around ~2,000 heading there each year. A typical programme costs ₹15–32 L for a 2-year Master's, so most students fund it with an education loan rather than paying out of pocket.
For Mauritius, Indian banks and NBFCs sanction loans of ₹12–28 L on average, with unsecured limits going significantly higher for strong academic and co-applicant profiles. Top lenders for University of Mauritius include SBI Global Ed-Vantage, Bank of Baroda Vidya, ICICI Bank Education Loan — each with different rates, processing times and university lists, which is why comparing offers matters.
FundMyCampus matches you to the right lender for University of Mauritius, negotiates your interest rate, and handles the paperwork end-to-end — completely free for students. This guide covers how much you can borrow, the best banks, cost breakdowns, EMI estimates, and the Mauritius Student Visa / Student Residence Permit financial proof you'll need.
Your Journey
From admit to disbursement — what FundMyCampus handles end-to-end.
Check eligibility
Free 2-min quiz tells you which banks will approve and at what rate.
Submit documents
Upload through our portal — we organise and stress-test before submission.
Sanction in days
Most Mauritius loans approved in 5–14 days. We chase the bank for you.
Disbursement
Bank wires fees directly to University of Mauritius. You focus on the move.
Rates span 3–5% across lender types. PSU banks (SBI, BoB) are cheapest at 8.65–10.50% 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
Max: ₹1.5 Cr
8.65% – 10.15%
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
Max: ₹1.5 Cr
8.85% – 10.50%
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
Max: ₹1 Cr unsecured
10.25% – 12.50%
Fast 7–14 day approval. Comfortable with established Mauritian universities and international branch campuses. Best private-bank option.
Axis Bank Education Loan
Max: ₹75 L unsecured
10.75% – 13.50%
Flexible co-applicant norms; willing to consider private Mauritian colleges and partner-degree programs that PSU banks may hesitate on.
Avanse Financial
Max: ₹75 L unsecured
11.00% – 14.00%
Most accommodating NBFC for emerging destinations and non-traditional courses. Quick 5–8 day turnaround; approves cases banks decline.
Auxilo Finserve
Max: ₹60 L unsecured
11.50% – 14.50%
Study-abroad specialist NBFC, ideal for small Mauritian tickets (₹12–25 L) with minimal collateral and fully digital processing.
Mauritius is one of the most affordable overseas destinations for Indian students — a Master's typically totals ₹15–32 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.
Use these Mauritius estimates to right-size your University of Mauritius loan — under-borrowing forces 18%+ personal loans abroad, over-borrowing wastes interest.
Tuition
Living
Travel
Misc + Books
Average Total Program Cost
₹15–32 L for a 2-year Master's
Typical for Indian Master's students
| Program | Tuition | Living | Travel | Misc | Total |
|---|---|---|---|---|---|
| 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 |
Visa Essentials
What you need to prove for your Mauritius student visa to University of Mauritius
Year 1 fees
Tuition Proof
₹6–10
Living Funds
Mandatory
Loan Letter
3 key items
Requirements
Key Requirements
Indian students apply for a Mauritius student visa / student residence permit, typically arranged with support from the…
For scholarship or assistantship holders, the funding/award letter serves as the primary financial proof, with a small…
Always request a plain-English 'Visa Letter' summary from your bank and carry originals.
Indicative EMIs for a Mauritius education loan, 10-year repayment after the moratorium period.
₹12 L · 10% · 7 yrs
~₹19,900
Monthly EMI
₹15 L · 10% · 10 yrs
~₹19,800
Monthly EMI
₹20 L · 10.5% · 10 yrs
~₹27,000
Monthly EMI
₹25 L · 10.5% · 10 yrs
~₹33,700
Monthly EMI
₹28 L · 11% · 12 yrs
~₹33,300
Monthly EMI
₹18 L · 9% · 12 yrs
~₹20,500
Monthly EMI
After Graduation
What awaits University of Mauritius 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…
Compare loan options for similar institutions.
Success Story
““I wanted a UK-recognised MBA but couldn't afford the UK itself. FundMyCampus showed me Middlesex's Mauritius campus — the same UK degree, on a beautiful island where my family's Indian roots made me feel right at home. My total cost was under ₹20L, and Bank of Baroda — which actually operates in Mauritius — sanctioned ₹17L unsecured at 10.25% with no property pledged. I now work for a financial-services firm in Port Louis that uses Mauritius as its Africa hub, and my small loan is easy to manage.”
Common questions Indian students ask about funding their studies at University of Mauritius