Financing international education can be challenging, but our Study Abroad Loan Assistance Service helps students secure the right education loan with low-interest rates, flexible repayment options, and quick approvals. We guide students in choosing between secured and unsecured loans, finding the best financial institutions, and preparing necessary documents for hassle-free approval.
There are two main types:
- Secured Loans – Require collateral (property, fixed deposits, etc.) and offer lower interest rates.
- Unsecured Loans – No collateral required, but interest rates are higher and may need a co-signer.
- Admission to a recognized foreign university
- A strong academic record
- A co-signer or guarantor (for unsecured loans)
- Collateral (for secured loans)
- Income proof (for self-financed students or co-signers)
- Public Sector Banks: SBI, Bank of Baroda, Punjab National Bank
- Private Banks: HDFC, ICICI, Axis Bank
- NBFCs (Non-Banking Financial Companies): Avanse, InCred, HDFC Credila
- International Lenders: Prodigy Finance, MPower Financing
- Tuition fees
- Accommodation & living expenses
- Travel costs
- Health insurance
- Books, study materials, and other academic expenses
Interest rates vary between 7% and 13% depending on the lender, loan type, and student profile. Secured loans usually have lower interest rates.
The repayment period is typically 5 to 15 years, with a moratorium period (grace period) during which students are not required to make payments while studying.
Yes, unsecured loans are available, but they may require a co-signer (parent or guardian) with a stable income. Interest rates are usually higher for unsecured loans.
The loan approval process takes 2 to 6 weeks, depending on the lender and the completeness of documentation. Disbursement happens after loan approval and verification.
Yes, most banks allow prepayment or early repayment, but some may charge a penalty. We help students find loans with flexible prepayment options.
Most lenders require a university admission letter before loan approval. However, visa approval strengthens the loan application, and we assist with both processes.
Features
- Personalized Loan Consultation to assess financial needs and eligibility
- Comparison of Loan Options from banks, NBFCs, and international lenders
- Assistance with Secured & Unsecured Loans based on student profiles
- Guidance on Loan Eligibility Criteria (co-signer, collateral, income proof, etc.)
- Support in Document Preparation for quick and smooth approval
- Negotiation for Best Interest Rates and repayment terms
- Information on Loan Repayment Plans & Moratorium Period
- Scholarship & Financial Aid Guidance to reduce loan burden
- Assistance with Forex & Education Loan Insurance
- Loan Processing Support for faster approvals and disbursals
Target audiences
- High School Graduates (Ages 17-19) – Looking for Undergraduate Programs: Students who have completed their 12th grade (CBSE, ICSE, State Boards, or IB curriculum) and want to pursue Bachelor’s degrees abroad. Interested in exploring STEM, Business, Arts, or Humanities programs in countries like the USA, Canada, UK, Australia, and Germany. Require assistance in choosing a country based on admission criteria, tuition costs, scholarships, and career opportunities.
- College Graduates (Ages 21-25) – Seeking Postgraduate/Master’s Degrees. Those who have completed a Bachelor’s degree and are looking for Master’s programs, MBA, or specialized diploma courses in data science, engineering, healthcare, finance, etc. Considering countries based on job prospects, post-study work visas, and opportunities for PR (Permanent Residency).
- Students Interested in Short-Term Diplomas & Certification Courses. Students who prefer vocational, skill-based, or diploma courses instead of traditional degrees. Fields like Hospitality, IT, Digital Marketing, Nursing, and Trades (Electrician, Plumbing, etc.) have great demand in countries like Canada, Australia, and Germany. These courses offer affordable tuition, shorter durations, and better job prospects.