Interest Rate
starts 10.95%
Amount
Upto ₹100 Lacs
Processing Fee
1% - 2%
Type
Bank
Loan Tenure
12 years
Tax Benefits
Yes
Interest Rate
starts 9.5%
Amount
Upto ₹75 Lacs
Processing Fee
1% - 2%
Type
Bank
Loan Tenure
15 years
Tax Benefits
Yes
Interest Rate
starts 9.30%
Amount
Upto ₹40 Lacs
Processing Fee
₹0
Type
Bank
Loan Tenure
15 years
Tax Benefits
Yes
Interest Rate
starts 10%
Amount
Upto ₹75 Lacs
Processing Fee
2%
Type
Bank
Loan Tenure
15 years
Tax Benefits
Yes
Interest Rate
starts 10.5%
Amount
Upto ₹75 Lacs
Processing Fee
1% - 1.5%
Type
NBFC
Loan Tenure
15 years
Tax Benefits
Yes
Interest Rate
starts 10.5%
Amount
Upto ₹60 Lacs
Processing Fee
1% - 2%
Type
NBFC
Loan Tenure
10 years
Tax Benefits
No
Interest Rate
starts 10.5%
Amount
Upto ₹75 Lacs
Processing Fee
1% - 1.5%
Type
NBFC
Loan Tenure
15 years
Tax Benefits
No
Interest Rate
starts 11%
Amount
Upto ₹60 Lacs
Processing Fee
1% - 1.5%
Type
NBFC
Loan Tenure
15 years
Tax Benefits
No
Interest Rate
starts 11.50%
Amount
Upto ₹200 Lacs
Processing Fee
5%
Type
International
Loan Tenure
20 years
Tax Benefits
No
Interest Rate
starts 12.99%
Amount
Upto ₹83 Lacs
Processing Fee
5%
Type
International
Loan Tenure
10 years
Tax Benefits
No
The US universities are famous among the World universities for the education standards and knowledge they provide. At the same time, International students have to expect high tuition fees and stiff competition. That's why the lenders fund up to Rs 2 Crore as an Education Loan to Indian students.
Due to the availability of high-paying jobs and world-class education, most lenders are happy to provide an education loan for those planning to study in the USA. Many lenders offer 100% financing without Collateral and the requirement of Co-Applicants. Our team will help you through the documentation and follow up with multiple banks and NBFCs to get the best quotation with the minimum interest rate.
Here are the lenders who are providing Education Loan for Masters in the USA at competitive interest rates: Union Bank, State of Bank, ICICI Bank, Axis Bank, IDFC First Bank, Bank of Baroda, HDFC Credila, Auxilo, InCred, Avanse, Mpower Financing, and Prodigy Finance. Most of them have relaxed requirements, especially for the USA.
Many banks and NBFCs provide education loans to students who want to study in the USA for a Bachelor's, Master's, or PhD. To be eligible for it, you must meet the following eligibility criteria:
Connect with our Education Loan Expert and get your application processed within 3-4 working days*
The applicant must share these documents to obtain an education loan to study in the USA. Almost all financial institutions have similar requirements regarding documentation. Depending on the applicant's profile, they may ask you for more documents, but here is the standard list of documents.
Most Banks and NBFCs provide Financial Assistance based on the Cost of Education in the USA. The Education Loan covers Tuition Fees, Living Expenses and Travelling Expenses
On average, most Indian Students need about Rs 40 Lacs for a Master's degree at a US university. Huh, 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.
The most chosen option by study abroad aspirants is an unsecured education loan because it requires no collateral or security. The eligibility is based on University Ranking, Course type, Student Academics, Financial History and income of Co-Applicant. Being faster and more accessible compared to a Secured Education Loan, it is quite famous among students. The interest rate starts at 9.30% and varies based on the complete application. The decision process takes 3-4 days on average if the bank has complete documentation.
You can explore this product if you do not have any CoApplicant or Collateral. The financial institution provides education loans for selected universities and courses solely based on the applicant's profile. The interest rate is slightly higher, and processing is usually completed in one week. The renowned financial institutions are Mpower Financing and Prodigy Finance.
Being slightly long but equally rewarding, the Secured Education Loan is chosen by Students looking for a better interest rate or failing to meet an Unsecured Loan's eligibility criteria. The bank may take a long time to process the application because of Legal and Technical security requirements. The Collateral is generally a property such as a Home, Shop or Building or a Fixed Deposit. The interest rate starts at 9% and has easier eligiblity criteria.
This product is specifically designed for students who are planning to study in the USA and have somebody known to live in the USA. You are eligible for this product if you know anyone in the USA who can be your CoSigner, and they must be a Green Card holder or US Citizen. The interest starts at 4.11% per annum and has very low documentation requirements. The processing time is less than 3 working days.
Choosing the best education loan for Study in the USA is important to avoid stress and save on your funds. Here are some tips to ace the Education Loan journey.
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.
When 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.
Using the latest technology and years of experience, we expedite the application process by 65%, reducing overall processing time. Applying using the exact required documents with the eligible lender is the key to getting an application processed in record processing time.
Our Education Loan Expert will send you a Personalized Document Checklist, removing all unnecessary documents, easing the process and giving you peace of mind.
We will help you get Comparable, Negotiated and best-suited Education Loan deals, saving you up to Rs 3 Lakhs. The major negotiable components are Interest Rate and Processing Fees.
We are not charging any service fees for helping with the Study Abroad Education Loan. Also, there are no hidden fees involved, which is guaranteed. For each approval, we get paid a referral fee by concerned Banks and NBFCs without any additional charge to students.
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