As per the Indian Banks’ Association (IBA) norms, banks can lend up to Rs 10 lakh for courses in Indian colleges and up to Rs 20 lakh for courses abroad. Banks may consider lending higher amount in special cases at their discretion. In India, top education loan providers include banks like State Bank of India, ICICI Bank, Axis Bank, Punjab National Bank, IDBI Bank and NBCFs like Credila amongst others. Education loan provider institutes in India include Global Student Loan Corporation, International Student Loan Program and Avanse Financial Services, etc. First things first, in order to apply for an education loan, you have to check whether you meet the criteria.