SA_Scholarships & Loans

Reserve Bank of India (RBI) offers loans to smaller banks like SBI and ICICI bank. Repo Rate is ROI that these smaller banks have to pay when they borrow money from RBI. IT changes time to time.

There is no fixed rate of interest for PM Vidya Lakshmi education loan. ROI completely depends on the bank loan scheme and profile of a candidate. If your CIBIL score is 700+ ROI can be less.

ICICI education loan ROI is 9.25% to 10.25% in December 2025. It can be simply calculated with formula "Repo Rate + 3.75% onwards". Current Repo rate announced by RBI is 5.5%

Applicant's age should be between 18 to 35 years. Nationality should be Indian only. If applying with co-applicant then it should be a blood relation. Mother, father, brother, and sister anyone can be a co-applicant.

GKS Scholarship is fully funded. It means that it covers all major expenses for students studying in South Korea. This includes a full tuition fee waiver, monthly living stipend, and round-trip airfare for your travel.

Axis bank, ICICI bank and HDFC Bank are known for providing 100% education loan for studying abroad.

In general, countries aiming to invite a larger number of international students each year give scholarships easily. Countries like Germany, South Korea, Australia and Canada are the ones known for offering various available scholarships to students. 

Students pick the best scholarships for themselves based on several persobally handpicked parameters. For example, the country of scholarship/studies can be utmost important for some while the coverage of full tuition can be the most important factor for others. For some students, the decision of studying abroad solely depend on the possibility of getting a good scholarship. However some generally best schoalrships are the Fulbright Scholarships (USA), Chevening Scholarship (UK), GKS Scholarship (South Korea) and MEXT Scholarship (Japan).