You will need the following documents:
- Identity related (For Applicant and Co-Applicant):
- Aadhaar Card
- Address Proof
- PAN Card
- 10th, 12th, Undergraduate Marksheets / Certificates
- GRE / SAT / ACT / IELTS / TOEFL scorecard as applicable
- University Offer Letter
- 3 Months Salary Slips / Form 16 / IT returns for the past two years
- Bank Account statement for the last 6 months (Salary Account)
- Collateral Documents (if applicable)
Most of our partners provide loans which cover travel, tuition and living expenses.
In most cases, the partner bank / NBFC decides in two weeks. In rare cases – it takes upto a month.
The interest rate varies from 6% – 14% depending on the applicant’s profile, loan type and partner bank.
Some providers offer payback period upto 20 years.
During the moratorium period, students do not have to repay their loan. This typically lasts from the loan disbursement till 6 months to a year after graduation. However, during this time, the loan would accrue simple interest.
A secured loan is one in which the applicant needs to show assets such as property or land as collateral against the loan. An unsecured loan is one in which applicants do not have to show any collateral.
A Co-signer / Co-applicant is a person who takes responsibility of paying back the loan in the event the applicant is unable to pay the loan.
No. Some of our loan partners provide loans without the requirement for a co-signer.