Central Bank of India Education Loan for Study Abroad
Get financial support for central bank of india abroad studies through the Cent Vidyarthi Scheme, which provides education financing for eligible higher studies in India and abroad.
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Central Bank of India Study Abroad Loan Highlights
The central bank of India study abroad loan, available under the Cent Vidyarthi Scheme, provides need-based education financing for eligible students pursuing higher studies at recognized institutions abroad.
Interest rate starting from
9.45%*
Max loan amount
Up to ₹2 cr
Processing fee
1%(of Loan Amount)
Repayment tenure
Up to 15 Yrs
Moratorium
12 Months
Key Features of Central Bank of India Overseas Education Loan
The central bank of india overseas education loan supports eligible education expenses for students pursuing higher studies abroad.
Education Financing
The Cent Vidyarthi Scheme currently provides a maximum education loan amount of ₹2 Crore for eligible studies in India and abroad.
Repayment
Students can receive a moratorium covering the course period plus one year, followed by repayment of up to 15 years.
Concession
The bank may provide a 1% interest concession during the study period when interest is serviced during the study period and subsequent moratorium before repayment begins.
Expense Coverage
Eligible costs include tuition, hostel, examination fees, books, equipment, travel, insurance, computer expenses and other course-related costs.
Direct Disbursement
Loan funds are generally paid directly to the college, hostel, mess, airline or other applicable service provider.
Coverage
The Cent Vidyarthi Scheme explicitly supports higher studies at recognized institutions in India and abroad.
Types of Education Loans in Central Bank of India
For students planning higher education abroad, Central Bank of India offers the Cent Vidyarthi Scheme, which provides education loans for eligible courses at recognized institutions in India and overseas.
Cent Vidyarthi Scheme
The Cent Vidyarthi Scheme provides term loans to Indian students admitted to recognized higher education institutions through entrance examinations or merit-based selection after completing Class 12 or an equivalent qualification.
Up to ₹2 crore for eligible higher education in India and abroad.
Course duration + 12 months.
- 9.45% p.a. (RBLR + 0.95%), as per the bank's rate schedule updated 8 October 2026.
- Applicable to D-category loans for top-rated Management, Engineering and Medical institutions abroad with collateral.
- Rates may differ based on the institution, course and loan category.
- Up to ₹4 lakh: Covered under the applicable Cent Vidyarthi NCGTC Guarantee Scheme.
- Above ₹4 lakh to ₹7.50 lakh: Also covered under the guarantee scheme, according to the bank's published information.
- Above ₹7.50 lakh: Parent or guardian as joint borrower, along with tangible collateral valued at least equal to the loan amount.
Higher education courses at recognized overseas institutions, with admission secured through entrance examinations or merit-based selection after Class 12 or equivalent.
- Up to ₹4 lakh: Nil.
- Above ₹4 lakh for overseas studies: 15%.
- Scholarships and fee waivers may be considered when calculating the funding requirement.
- 1% of the loan amount, subject to a minimum of ₹15,000.
- Non-refundable.
- Documentation charges: Nil.
- Applicable GST and other bank-specified charges may apply.
- Comprehensive life insurance covering the education loan amount.
- Coverage must extend through the course, moratorium and repayment periods.
- The policy must be assigned in favour of Central Bank of India.
Up to 15 years after the moratorium period.
A 1% interest concession may be available if the borrower services interest during the study period and subsequent moratorium, subject to the bank's applicable terms.
- Tuition and hostel fees.
- Examination, library and laboratory fees.
- Overseas travel and student insurance.
- Eligible deposits, books, computers and equipment.
- Other approved expenses necessary to complete the course.
Source: Cent Vidyarthi Scheme
Eligibility for Central Bank of India Study Abroad Education Loan
Students applying for central bank of india abroad education finance need to meet the eligibility requirements of the Cent Vidyarthi Scheme.
Student Eligibility
Nationality: Applicant should be an Indian national.
Education: Student should have completed HSC/10+2 or equivalent.
Admission: Admission must be secured at a recognized institution abroad.
Selection: Admission should be through an entrance test or merit-based selection process.
Course: The selected higher education program must meet the bank's applicable requirements.
Institution: The overseas institution should be recognized.
Loan Assessment: Final sanction remains subject to the bank's lending assessment. Central Bank of India
Collateral Security
Up to ₹4 lakh: Mandatorily covered under the applicable NCGTC Guarantee Scheme.
₹4 lakh to ₹7.50 lakh: Applicable guarantee/security provisions apply under the scheme.
Above ₹7.50 lakh: Parent(s)/guardian must join as joint borrower(s).
Collateral: Tangible collateral with minimum realizable value equivalent to the loan amount is required above ₹7.50 lakh.
Documents Required for Central Bank of India Education Loan
The exact central bank of india education loan documents can vary according to the applicant, co-applicant, loan amount, institution and collateral.
01 Student Documents7 Documents
Identity Proof:: PAN and accepted KYC documents.
Address Proof: Aadhaar, passport or accepted address proof.
Academic Records: Class 10, 12 and applicable higher-education records.
Admission Proof: Overseas university admission or offer letter.
Cost of Study: University fee and expense schedule.
Passport: Valid passport for overseas studies.
Photographs: Recent passport-size photographs.
02 Co-applicant Documents5 Documents
Identity Proof: PAN and applicable KYC documents.
Address Proof: Accepted residential address documents.
Relationship Proof: Proof of relationship with the student, where applicable.
Bank Statements: Recent bank account statements.
Income Proof: Documents supporting repayment capacity.
03 Income Documents5 Documents
Salary Slips: Recent salary records for salaried applicants.
Form 16: Latest applicable Form 16.
Income Tax Returns: Recent ITRs, where applicable.
Bank Statements: Recent salary or business account statements.
Business Documents: Applicable financial records for self-employed applicants.
04 Collateral Documents6 Documents
Ownership Proof: Documents confirming ownership of the property.
Title/Sale Deed: Establishes legal ownership of the property.
Property Documents: Relevant property and approved plan documents.
Tax Receipts: Latest applicable property tax receipts.
Legal Documents: Papers required for legal verification.
Valuation Documents: Documents required for property valuation.
How to Apply for a Central Bank of India Education Loan for Abroad Studies
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Popular Study Destinations for Central Bank of India Education Loans
The central bank of india overseas loan scheme under Cent Vidyarthi supports eligible higher studies at recognized institutions abroad rather than restricting financing to one specific country.
United States
United Kingdom
Canada
Australia
Germany
Ireland
France
Singapore
New Zealand
Expenses Covered by Central Bank of India Study Abroad Loan
A central bank of india education loan under Cent Vidyarthi can cover several eligible expenses associated with studying overseas.
Tuition & Institutional Fees
Fees payable to the eligible college or institution.
Hostel & Accommodation
Eligible hostel expenses can form part of the loan.
Examination & Academic Fees
Covers eligible examination, library and laboratory charges.
International Travel
Travel expenses or passage money for overseas studies can be covered.
Student Insurance
Applicable student borrower insurance premium can be included.
Study-Related Expenses
Study tours, project work, thesis expenses, and other costs necessary to complete the course may also be considered.
Books & Equipment
Required books, equipment, instruments and uniforms may be financed.
Computer or Laptop
A computer required to complete the course may be included at a reasonable cost.
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Frequently Asked Questions
Can I get a Central Bank of India education loan to study abroad?
Yes. The Cent Vidyarthi Scheme is specifically available for eligible higher studies in India and abroad. Applicants must be Indian nationals and secure admission to a recognized institution through the applicable selection process.
What is the maximum Central Bank of India education loan amount for abroad studies?
The Cent Vidyarthi Scheme currently provides financing of up to ₹200 lakh (₹2 crore) for eligible studies in India and abroad.
What is the margin for a Central Bank of India loan for foreign education?
The margin is nil for loans up to ₹4 lakh. For overseas studies above ₹4 lakh, the Cent Vidyarthi Scheme specifies a 15% margin.
What is the moratorium period?
The central bank of india study abroad loan provides a moratorium of the course period plus one year.
How long is the repayment tenure?
The repayment period can extend up to 15 years after the moratorium period for all categories under Cent Vidyarthi.
What expenses can the loan cover?
The central bank of india overseas education loan can cover tuition and hostel fees, examination/library/laboratory charges, overseas travel, insurance, eligible deposits, books, equipment, computers and other expenses required to complete the course.
Is there an interest concession?
Yes. Central Bank of India states that a 1% interest concession may be provided during the study period when interest is serviced during the study period and subsequent moratorium before repayment begins.
How can Nomad Credit help with a Central Bank of India education loan?
Nomad Credit can help students understand their education financing requirements, review eligibility, prepare documentation and compare suitable study abroad loan options before proceeding with the lender.
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Written by
Snigdha| Asst. Team Lead - Content
Reviewed by
Swati Sahu| Lender Editor
Reading Time
10 min read
Disclosure
Interest rates, RBLR/repo-linked spreads, loan limits, collateral requirements, margins, concessions and other lending terms are subject to change according to Central Bank of India's policies. The 9.45% p.a. rate cited above is specifically the rate published for top-rated Management, Engineering and Medical institutions abroad under the D category with collateral security as of the bank's 8 October 2026 update; it should not be presented as a universal starting rate for every overseas education loan. Central Bank of India
