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Get Free Education Loan Assistance From Siksha Udaan Capital
11.85% - 13.25%
1- 2%
Nil
In India, InCred stands out as a prominent digital lending NBFC, providing a diverse array of loans such as education loans tailored for students aspiring to pursue studies overseas. The organization wants to make it easy and accessible for students from all backgrounds to apply for an education loan.
One of the main benefits of an InCred abroad education loan is that it may be utilized to cater to a variety of costs related to studying overseas, including living expenses, transportation costs, tuition, and other additional expenses. InCred provides loans up to INR 60 Lakh, with the actual loan amount being subject to variation based on factors such as the institution, course, and country of study.
| Features | Description |
|---|---|
|
Loan amount |
Up to INR 60 Lakh |
|
Rate of interest |
11.85% - 13.25% |
|
Processing fees |
1-2% |
|
Processing time |
7-10 days |
|
Margin money |
nil |
|
Moratorium period |
Course duration + 1-year |
|
Repayment tenure |
15 years |
At the time of application, the candidate must be an Indian citizen and be at least eighteen years old. The student needs to have received admission into a reputable university.
To qualify for an education loan, the candidate has to fulfill InCred’s minimal academic standards and have a consistently excellent academic record. Furthermore, the student has to have passed needed tests like the GRE, TOEFL, or IELTS. It’s crucial to remember that having a strong GRE score will significantly boost your chances of getting approved for a loan while applying in the US.
The borrower needs a co-applicant, who may be their mother, father, sister, brother, spouse, a relative from their mother’s or father’s side, or a legal guardian, to apply for a loan. A steady source of income and a clean credit history are prerequisites for the co-applicant.
This program will include standard graduate, postgraduate, diploma, certificate, and Ph.D. courses in any field provided by international institutes and universities in the United States, the United Kingdom, Canada, Australia, New Zealand, France, Germany, and Ireland.
| Features | GRE >=310 | GRE 300 - < 310 | GRE 285 - < 299 |
|---|---|---|---|
|
Rate of interest |
12.25 - 12.75% |
12.75% - 13% |
13-14% |
|
Loan amount |
Up to INR 60 Lakh |
Up to INR 40 Lakh |
Up to INR 35 Lakh |
|
Co-applicant minimum income |
INR 30K |
INR 35K |
INR 35K |
|
Monthly installment during the course |
Partial simple interest |
Partial simple interest |
Simple interest |
|
Processing fees |
1% |
1% |
1% |
| Features | Australia / New Zealand | Canada | UK |
Germany/Ireland/ France/Italy |
|---|---|---|---|---|
|
Rate of interest |
12.25 - 13% |
12 - 13% |
12.5 - 13.5% |
12.5 - 13.5% |
|
Loan amount |
INR 20 Lakh |
INR 35 Lakh |
INR 40 Lakh |
INR 20 Lakh |
|
Co-applicant minimum income |
INR 60K |
INR 35K |
INR 40K |
INR 40K |
|
Monthly installment during the course |
Simple Interest |
Partial simple interest/simple interest |
Simple interest |
Simple interest |
|
Processing fees |
1 - 1.5% |
1% |
1 - 2% |
1 - 1.5% |
Shiksha Udaan Capital offers a personalized list of required documents for InCred student loans based on your profile, the profiles of your co-applicants, and any assets or property you want to put up as collateral.
You may utilize one of these methods to get in touch with InCred for services about student loans:
Send a thorough email with details about your profile to visugrievance@incred.com. After reviewing your email, their staff will reply accordingly.
Online Application Form
Go to the “Contact Us” section of the InCred website (www.incred.com/offices.html). You may continue with the process by completing the online application form, after which they will review your profile.
Branch visits
Go to the InCred branch that is closest to you in your town or city. Assistance with education loans, the application procedure, necessary paperwork, and other relevant details may be received by the branch staff members. The head office of InCred is located in Mumbai, and the company also has offices in Ajmer, Ahmedabad, Alwar, Andheri, Bhilwara, Bangalore, Chennai, Coimbatore, Delhi, Hyderabad, Hubli, Jaipur, Jodhpur, Kolkata, Karimnagar, Kuppam, Mdhurai, and Pune, among other Indian cities.
Shiksha Udaan Capital is an education financing platform that specializes in assisting students in getting funding for their higher education abroad. If you’re interested in applying for a study abroad loan through InCred but want to avoid the inconvenience of visiting physical branches and navigating complex application forms, you can apply through Shiksha Udaan Capital.
After you fulfill the eligibility conditions, one of our professional counselors will carefully review your profile and recommend the lenders who would best fit your special loan requirements. Our counselors will help and assist you along the loan process, and they are always available to respond to queries or deal with any challenges you might encounter.
Best Loan Assurance
Shiksha Udaan Capital consistently maintains its promise to give you the best education loan deal on the market. Our objective is to get you the best possible deal. If you find a better deal, we will pay the difference in interest rates for the whole term of the educational loan.
Quick Processing Time
Shiksha Udaan Capital collaborates closely with multiple InCred departments to speed up the loan approval process, which is normally finished in 5-7 days. Every year, dozens of students entrust Shiksha Udaan Capital with their requests for loans for overseas study because of its reliability. In comparison, the loan processing period would typically take ten to twelve days if a student applied directly to the NBFC.
Completely Free Services
Applicants receive Shiksha Udaan Capital’s services entirely free of cost; there are no further costs.
Comparison of Lenders
Shiksha Udaan Capital’s knowledgeable education loan advisers evaluate several lenders’ loan offerings to determine which one best meets your needs. This involves comparing various lenders’ interest rates, loan amounts, periods of repayment, fees, and other factors.
Online Document Submission
You may apply for a loan online and get it authorized from the comfort of your home with the Shiksha Udaan Capital online document upload option. Document submission does not need a personal visit to the NBFC! Additionally, to keep you informed about the periodic updates, we will send you alerts.
With InCred’s education loan offerings, borrowers may obtain loans of up to INR 60 Lakh without the necessity of collateral. This means that individuals may pursue their educational goals without the burden of providing assets as security. Moreover, for those who can collateral, InCred extends the loan limit to INR 80 Lakh, providing even greater financial assistance.
Depending on the institution or university applied to, it usually ranges from 12.5 to 13.5% for other nations and from 11.85% to 13.25% for the US.
The InCred education loan offers a repayment tenure of up to 15 years.
Incred provides complete coverage for all of a student’s expenses.
There are no tax benefits associated with education loans obtained from NBFCs like Incred.
There are no restrictions on making prepayments at any time in Incred.
Shiksha Udaan Capital aims to support your dream of attaining a high-quality education and provide students with easy access to personalized educational finance alternatives.
