Education Loan for Spain: Indian Banks and Lenders

Education Loans for Studying in Spain: Indian Banks, NBFCs and Prodigy Finance

Indian lenders do finance study in Spain. Public banks lend larger sums against collateral; NBFCs such as HDFC Credila lend without collateral depending on the university and your profile; and for some business schools, international lenders like Prodigy Finance lend without an Indian co-borrower.

By Anna Pukshanskaya · co-founder of Edumapple
Last checked October 24, 2026 · our method

Types of lenders

Lender	Collateral	Fits
Public banks (SBI, Bank of Baroda and others)	Usually, above a limit	Large budgets, business schools
NBFCs (Credila, Avanse and others)	Often none, depends on profile	Most master's
Prodigy Finance	None	IESE MBA and MiM; check other schools

Lenders look at the university, the course, your academic record and the co-borrower's income. Rates and limits change; compare current offers in writing.

Which Spanish master's fits your degree, score and budget?

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Common questions: Education loans for Spain

Can I get a loan for a Spanish public university?

Yes. The loan can cover tuition and living costs; low public fees make the amount smaller and easier to approve.

Does a loan count as proof of funds for the visa?

A disbursed or sanctioned loan is often accepted as funds; ask the consulate how it wants it shown.