Education Loan MS
Tailored education loan solutions designed to support your Master of Science journey in India or abroad.
*T&C Apply
Your hard work earned you a seat in an MS programme, now let your financing empower your next big leap. At Credila, we believe funding should never stand in the way of future innovators, researchers, coders, or data scientists. Whether your passion lies in exploring the depths of artificial intelligence, engineering breakthrough solutions, decoding genomes, or designing sustainable cities, your MS journey deserves a partner that provides the right financial support. Our education loan for MS abroad is designed to support ambitious Indian students with tailored solutions, smart disbursal options, and expert guidance from the first step to the final semester.
Cost of a Master of Science in Different Countries
| Country | Average Tuition Fees (USD) | Average Tuition Fees (INR) |
|---|---|---|
| United States | $20,000 – $30,000 | ₹16,80,000 – ₹25,20,000 |
| United Kingdom (Intl. students) | $16,300 – $43,900 | ₹13,70,000 – ₹36,90,000 |
| Europe (Intl. students) | $3,250 – $21,700 | ₹2,70,000 – ₹18,20,000 |
| Canada | $7,300 – $14,700 | ₹6,10,000 – ₹12,30,000 |
| India | $1,197 – $3,592 | ₹1,00,000 – ₹3,00,000 |
Note: The study fees for Indian students mentioned above are tentative and based on estimates for 2025. Tuition costs may vary depending on the university (public or private), country, course specialisation, and other factors. It is always best to check with the university for the most accurate and updated fee structure.
Note: For this guide, we are using the current exchange rate as of April 2025: 1 USD = INR 85.51. All INR conversions in this guide are based on the exchange rate listed below, so please check the latest rates when planning your expenses.
Eligibility Criteria for Education Loans for MS
Studying MS is now easier with flexible student loan options that are specially curated for universities.
- Who Can Apply? Students can apply for an education loan with a parent, guardian, or spouse as a co-applicant.
- Age Requirement: You should be at least 16 years old at disbursement
- Who Can Get a Loan? Students taking admission in an undergraduate MS programme.
- Courses Covered: Full-time MS courses by recognised universities.
Documents Required for an Education Loan for MS
To apply for an education loan, here’s a checklist of documents you’ll need. Requirements vary slightly based on your co-applicant’s income type.
| Document Type | Details |
|---|---|
| A. Application Form | Completed original or digital loan application form |
| B. KYC Documents | PAN Card or Form 60 (mandatory if PAN is mentioned) ONE valid ID & address proof: Passport / Driving License / Voter ID / Aadhaar / NREGA Job Card / NPR Letter |
| C. Student Education Documents | 12th Marksheet (not needed for UG applicants in 12th or Exec PG) Latest semester/year marksheet or transcript Admission proof (Admission Letter / I-20) – waived for Sampoorna |
| D. Co-Applicant Financials | |
| → Salaried | Last 6 months’ salary account bank statements 1 recent salary slip/certificate |
| → Self-Employed (Non-Proprietor) | Last 6 months’ Current & Savings A/c bank statements Last 2 years’ ITRs (online acceptable) 44AD: income statement only Tax audit: CA attestation required Optional: Qualification proof, GST/Shop Act/Aadhaar Udyog |
| → Proprietor | Last 6 months’ Current & Savings A/c bank statements Last 2 years’ ITRs 44AD: income statement only Tax audit: CA-audited financials (P&L, BS, Computation, Schedules) |
| → No Income | Last 6 months’ Savings A/c bank statements |
| → Pensioner | Last 6 months’ Savings A/c with pension credits OR Pension Order |
| E. Collateral Documents (if applicable) | Latest sale deed Property tax receipt Approved building plan or Occupation Certificate |
Interest Rates on Education Loans for MS
Get the funds you need for your education abroad with competitive interest rates and zero prepayment or foreclosure charges!
| Feature | Details |
|---|---|
| Interest Rate (Floating) | Starting from 9.95%* p.a. |
| Origination Fees | 1.25%* + GST |
| Prepayment & Foreclosure Charges | NIL |
* T&C apply. Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited). The education loan facility provided by Credila Financial Services Limited will be at the sole discretion of the Company and within the Company's prescribed credit and underwriting norms/guidelines prevailing at the time of processing and disbursing the education loan. The Company maintains the right to change the interest rate at any time and at its sole discretion, without prior notice.
How to Apply for an Education Loan for an MS
Follow this 3-step process
A simple and transparent journey.
1- Apply Online
Fill out the application form and upload documents.
2- Application Review
Get your sanction letter after our credit appraisal.
3- Funds Disbursed
You are all set to get started.
Why Avail Credila’s Education Loan for Your MS?
- Save time. Go online.
- We cover it all
- Start early. Apply before admission.
- Friendly rates. All the way.
- Dream big. Achieve bigger.
- Pan-India network of branches
- The benefit of tax saving
- Flexible payment plans
- No hidden charges
Customer-centric processes with just 3 steps to disbursement.
Up to 100% financing of tuition and living expenses.
Benefit from seamless loan sanctions.
Student loans with customised interest rates.
Exploring funding for larger education costs? Not a problem.
Enjoy multi-city co-borrower(s) and collateral flexibility.
Added tax deductions* that bring down your cost of financing
Repayment tenure of up to 15 years.
What you see is what you pay.
Save time. Go online.
Customer-centric processes with just 3 steps to disbursement.
We cover it all
Up to 100% financing of tuition and living expenses.
Start early. Apply before admission.
Benefit from seamless loan sanctions.
Friendly rates. All the way.
Student loans with customised interest rates.
Dream big. Achieve bigger.
Exploring funding for larger education costs? Not a problem.
Pan-India network of branches
Enjoy multi-city co-borrower(s) and collateral flexibility.
The benefit of tax saving
Added tax deductions* that bring down your cost of financing
Flexible payment plans
Repayment tenure of up to 15 years.
No hidden charges
What you see is what you pay.
*This is subject to restrictions imposed under the Income Tax Act, 1961 and Budget 2025.
Disclaimer: *Under the old tax regime. Please consult your Chartered Accountant or Tax Advisor for information specific to you.
Disclaimer: *T&C apply. Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited). The education loan facility provided by Credila Financial Services Limited will be at the sole discretion of the Company and within the Company's prescribed credit and underwriting norms/guidelines prevailing at the time of processing and disbursing the education loan. The Company maintains the right to change the interest rate at any time and at its sole discretion, without prior notice.
No claims, guarantees, representations, or warranties, whether express or implied, are made by Credila with respect to any communication, reliability, merchantability, quality, fitness, durability, performance and usefulness of any of the products/service and/ or information mentioned therein. Furthermore, Credila accepts no liability whatsoever for the safety, reliability, durability and performance of any of the products/ service and/ or information mentioned therein. For detailed terms and conditions you can visit Credila's official website - https://www.credila.com/
