FAQs

Lorien Finance is a revolutionary marketplace dedicated to helping students secure the best student loans for their study abroad dreams.

Lorien Finance facilitates study abroad education loans to all students who aspire to pursue their education abroad.

Lorien Finance has established partnerships with numerous banks and NBFCs in India and across the globe to offer students the most favourable interest rates. Once you provide us with the required documentation, we will share it with our partner banks for evaluation. After the evaluation and approval process, we negotiate on behalf of the students to secure the best loan offers available. We aim to ensure every student receives the most advantageous loan terms possible.

The following documents are mandatory for an education loan:

• Complete KYC (Know Your Customer) of the student and the cosigner
• Complete academic transcripts and work experience of the student
• Financials of the cosigner

The goal is to provide comprehensive coverage for the education cost, which includes tuition fees, living expenses, and other miscellaneous expenses associated with studying abroad.

The interest rate varies from 8% to 14%, depending on the profile.

Repayment period or Loan tenure is usually from 7 years to 14 years.

Yes, an education loan can be applied for undergraduate and graduate/postgraduate programs, both.

Yes, you can apply for an education loan without a cosigner. But, having a cosigner increases your chances of loan approval.

Once Lorien Finance receives all the necessary documents, our partner lenders can assess your profile within 24 hours. If your application is deemed feasible, the approval is only 7-10 working days away.

Certainly, education loan covers both your tuition fees and living expenses.

Education loans usually cover tuition fees, living expenses, books, travel, and other education-related costs, but the specificity varies from lender to lender.

With Lorien Finance, you can apply for an education loan to study in any country supported by our partner banks.

At Lorien, we offer study abroad loans to Indian students for all 195 countries of the world.

There are three main repayment options for education loans: Full Moratorium, Direct EMI, and Simple Interest/Partial Interest. The best repayment option for you depends on your circumstances. If you are able to afford to make payments while you are still studying, then the Direct EMI option may be the best choice for you. However, if you are struggling to make payments while you are still studying, then the Full Moratorium or Simple Interest/Partial Interest options may be a better choice.

Certainly, education loan covers both your tuition fees and living expenses.

With this option, you do not have to make any payments during the course duration and a grace period of 6 months to 1 year after you complete your studies.

With this option, you start making EMI payments from the month after you take disbursement.

With this option, you only have to pay the simple interest portion of your loan amount during the course duration and a grace period of 6 months to 1 year after you complete your studies.

Indeed, the Income Tax Act of 1961 permits the deduction of interest paid on an education loan under Section 80E.

Collateral requirements for education loans vary by lender. Some may require collateral, while others offer unsecured loans, typically at higher interest rates.

Yes, you can secure an international internship and find accommodation overseas. At Lorien, we help you get internship opportunities, housing options, credit/debit cards, and international SIM cards.

To secure an education loan for studying abroad with low interest, you should maintain a good credit score for favourable rates.

Additionally, consider applying for a loan with Lorien, as we provide loans at interest rates as low as 3.39%.

Not repaying a loan can significantly lower your credit score, making it difficult to get approved for future loans and affecting your overall financial history. Lorien Finance always encourages students to be financially responsible and build a good credit history.