Students on this site are not only borrowing in rupees. A US or Canadian file may be looked at by an Indian bank in rupees, or by a no-cosigner fund in dollars. Those are different products, and the numbers should not be forced into one currency.
Rupee cards
Indian bank collateral bands are published in rupees. A dollar amount is not converted and then dropped into those bands. If the family is comparing a rupee loan, use the rupee figure they expect to borrow.
Dollar funds
No-cosigner funds such as MPOWER and Prodigy publish their own caps and their own country lists. MPOWER’s published maximum is for study in the United States or Canada. Prodigy is for universities on its list, and not for study in India. A rupee amount is not compared with those dollar caps.
A practical way to compare
Run the eligibility check twice if you are genuinely considering both: once in rupees, once in dollars. The result is a shortlist, not a sanction.
