Education Loan for USA

Eligibility Criteria for USA Education Loan

Many Banks and NBFCs provide Education loans to students wanting to study in USA. To be eligible for it, you must fulfil the following eligibility criteria.

• The applicant must be an Indian.
• The applicant must secure admission or have already applied to a recognized university/college in USA.
• The financial institution must recognize the degree/course.
• The Collateral and Co-Applicants are optional or not required for some lenders

Documents required for USA Study Loan

The applicant must share these documents to obtain an education loan in India. Almost all financial institutions have similar requirements regarding the documentation part. Depending on the applicant's profile, they may ask you for more documents, but here are the common list of documents.

• Passport, Aadhar Card and PAN Card of Applicant
• Academic Documents & English Language proficiency test results (e.g. IELTS, TOEFL, PTE etc.)
• Qualifying results (e.g. GMAT, GRE etc.) [if applicable]
• Offer Letter from an USA University/College or proof of application
• The estimated cost of study (as per the I-20 form)
• Aadhar Card and PAN Card of Co-Applicants [if applicable]
• Income Proof such as Salary Slips, GST Certificate, Business registration etc., of Co-Applicants.
• Bank Statements of both Applicant and Co-Applicants [if applicable]
• Collateral documents such as Property registration or Fixed Deposit receipts [if applicable].

Things that an USA Education loan covers

To Study in USA, a student has to bear many mandatory expenses, such as

• University/College Fees (approx. US$20,000)
• Living Expenses (US$18,000 - US$18,000)
• Travel Expenses (One-way flight costs about US$8000)
• Other research, thesis, and project-work-related expenses (vary)

This is a significant amount ? We are aware, but don't be concerned—a student loan for USA will cover all costs for a quick visa application. Your expenditures while studying in USA will be covered in full by Lenders.

Why Abroad Cube ?

If you are looking for an Education Loan, you are in the right place. We will help you get funds for your dream of studying in USA from the world's best universities.

• Higher Chances of Approval - On applying for an Education Loan through Abroad Cube, you can expect higher chances of approval as our expert will verify the documents before submission and suggest better alternatives for higher approval.
• Zero Charges - We help you apply for an Education Loan at Zero costs
• Online Process - With Abroad Cube, applying for an Education Loan is entirely Online. You must submit all the required documents online, and we will send them to the concerned Bank of NBFC. Our system is designed to handle your education loan application online with timely updates.
• Quicker Sanctions - Our education loan partners have lower processing times. Our expert will verify the documents before submission to avoid processing delays.
• Cashbacks and Offers - You will get up to Rs 10,000 cashback when you apply for an Education Loan through Abroad Cube