InCred Education Loan for Study Abroad

Higher Chances of Approval

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.

Low Processing Time

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.

Personalized Document Checklist

Our Education Loan Expert will send you a Personalized Document Checklist, removing all unnecessary documents, easing the process and giving you peace of mind.

Negotiation on Interest Rate & Processing Fees

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.

Free Education Loan Assistance

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 InCred without any additional charge to students.

Here is the standard document checklist for getting an education loan from InCred or other lenders. The bank or NBFC might ask for additional documents or information based on the application to ease the process.

Applicant

• Aadhar Card, PAN Card & Passport
• Class 10th Marksheet, Class 12th Marksheet
• Bachelors Marksheets & Degree (if applicable)
• Masters Marksheets & Degree (if applicable)
• IELTS / TOEFL / PTE / Duolingo (if applicable)
• GRE / GMAT / SAT / ACT (if applicable)
• Resume & Work Experience (if working)
• University Offer Letter (if optional)

Co-Applicant

• Aadhar Card, & PAN Card
• Address Proof (Electricity Bill, Water Bill, etc)
• Bank Statement (Last 6 months)

Income documents of Salaried Co-Applicant

• Salary Slips of Last 3 months / Salary Certificate
• Form-16 of Last 2 years (optional)
• Salary Account Statement (if different)

Income documents of Self-Employed Co-Applicant

• Income Tax Returns of Last 2 years
• Business Proof (MSME, GST Certificate, Labour Certificate, Shop Act Certificate)
• Current Account Statement (if different)

Income documents of Farmer Co-Applicant

• Income Tax Returns of Last 2 years
• Income Certificate issued by State Government (if applicable)
• Patta-book (if applicable)
• J-Forms of Last 2 years (Punjab, Haryana, Rajasthan)
• Jamabandi / Fard (Punjab, Haryana, Rajasthan)

Check Eligibility

Start by checking your eligibility on Abroad Cube's website or reach out to us via WhatsApp or phone. The Eligibility criteria include Country acceptance, University and course ranking, Academics, Credit Score and history, co-applicant and Collateral requirements, etc.

Document Submission

Once you pass the basic Eligibility Criteria, the next step will be Documentation. Our Education Loan Expert will send you a personalized Document Checklist of InCred and help you arrange, sort and suggest alternatives, if any. Before sending documents to the InCred, we ensure that all documents are in order according to the required Checklist to expedite the application login process.

Application Processing

Our Education Loan Expert will choose the best lenders from the pool of 12+ options to get you the best-suited deal. They will follow up with concerned Lender Relationship Managers for Application Login and further processing. The lender process will include getting consent, address verification, and a small telephonic interview with the Credit Manager before the final decision.

Loan Sanction & Disbursal

The sanction letter will be released within 24 hours once you pay the processing fee to the Bank via acceptable payment methods. Afterwards, you may proceed with the Study Visa process or request Pre-Visa disbursement. You can also ask for reimbursement if you have already paid the Tuition Fees or Living Expenses via other means. Once you complete the banking formalities, the loan amount will be disbursed into the Bank Account

You may apply for InCred Education Loan by visiting their local bank branch or contacting their customer support team. But Abroad Cube will help you get a hassle-free Education Loan from your comfort at the best Interest Rate and record processing time at Zero Service Charges.

Abroad Cube is an Online Study Abroad Marketplace that has onboarded 12+ Banks and NBFCs to ease the process of getting the best deal for an Education Loan in minimal processing time. To get started, Check your Eligibility and share your Documents by Email or WhatsApp to expedite your application process.