Studying abroad is a significant investment in your future. While tuition is only one part of the cost, travel, housing, books and day-to-day expenses can add up quickly. Hero FinCorp, a Reserve Bank of India-registered NBFC, offers a Personal Loan of up to Rs 5 Lakh with instant approval in 10 minutes.
Calculate Personal Loan EMI
A Personal Loan for abroad studies is an unsecured loan that can help you fund overseas education expenses without pledging collateral. Unlike a traditional education loan, which is secured and typically covers only tuition, a Personal Loan is flexible - you can use it for tuition, flights, student visa fees, accommodation deposits, laptops, living expenses and other approved costs. At Hero FinCorp, the loan is available to salaried and self-employed applicants (or their parents or sponsors) who meet the eligibility criteria.
Applying for a personal loan is easy and efficient with Hero FinCorp’s instant personal loan service. Follow these simple steps to get started:
| Parameter | Requirement |
| Age | 21 to 58 years |
| Citizenship | Indian citizen |
| Employment | Salaried or self-employed (applicant or sponsor) |
| Monthly income | Minimum Rs 15,000 |
| Work experience | 6 months (salaried) / 2 years (self-employed) |
| Credit score | 725+ preferred; 750+ for attractive rates |
Tip: You can check your eligibility instantly using the Personal Loan Eligibility Calculator on the website before applying.
No physical documents are required. The entire process is digital. Keep your PAN and Aadhaar numbers handy for KYC and your bank account details ready for disbursal. Admission letters and course fee receipts are not mandatory for a Personal Loan.
| Fee | Amount |
| Interest rate | Starting from 18% p.a. |
| Processing fee | Minimum 2.5% + GST |
| Prepayment charges | Not applicable |
| Foreclosure charges | 5% + GST on outstanding principal |
| EMI bounce charges | Rs 350 per instance |
| Overdue interest | 1-2% of the overdue amount per month |
| Loan cancellation | No cancellation fee via app; interest and processing fee non-refundable |
Disclaimer: The above rates are indicative and effective as of the latest Schedule of Charges published by Hero FinCorp. Actual rates may vary based on your credit profile, income, and other factors.
Use the Hero FinCorp Personal Loan EMI Calculator to preview EMIs for a Rs 5 Lakh study abroad Personal Loan at 18% p.a. for tenures of 12, 24 and 36 months. This helps you align the EMI with your (or your sponsor's) monthly budget before you commit.
When my payment for my destination wedding was due, I turned to Hero FinCorp. Their instant personal loan process was unbelievably fast, with approval and disbursal! No long paperwork, no branch visits, just a few clicks on the app. I loved the flexible EMI option, which let me plan repayments comfortably. The entire journey felt professional and transparent. I got timely updates on every step through SMS and email. This kind of service is exactly what busy working professionals like me need. I’m a happy customer and will definitely use them again when needed.
When our car broke down unexpectedly, we needed funds quickly. Hero FinCorp’s instant personal loan was the perfect solution. The application process was 100% digital and very easy to follow. I chose a 24-month EMI plan that fits our household budget. The auto-debit feature works perfectly, so we never miss payments. It feels good to know there’s a reliable solution available when emergencies strike. It has made borrowing a completely stress-free experience for us.
The app is very user-friendly and guides you through the process step by step. I borrowed Rs 3.5 lakh for a family trip, and everything, eligibility check, approval, disbursal, was completed digitally. When I had a question about EMI dates, customer support responded quickly. I now recommend the app to colleagues whenever they need quick, trustworthy financial assistance. It’s truly a modern, customer-first solution.
This was the easiest loan process I’ve ever experienced. Hero FinCorp approved my Rs 5 lakh personal loan within minutes — no branch visits or paperwork required. I completed KYC digitally on the iOS app and got the funds the same day. The app also makes it easy to monitor my loan at any time. I’m very satisfied with the smooth and transparent experience.
Instant approval in 10 minutes via the Hero FinCorp website or Personal Loan app, subject to eligibility.
Yes. Hero FinCorp, a leading RBI-registered NBFC, offers Personal Loans of up to Rs 5 Lakh that can be used for overseas education.
Personal Loan Interest Rate Starting from 18% per annum (1.50% per month). The final rate depends on your credit profile.
