Ascent Education Loan for Abroad Studies

International NBFC

Upto 7-10 days Loan Processing Time

Margin

NIL

Processing Fees

NIL

Collateral

Non-Collateral

Upto 100% of education cost

Repayment Tenure

Upto 15 years

Cosigner Needed

Yes

Interest Rate

Starting from 3.79%*

Countries covered

USA

Features of Ascent
Education Loan Abroad

Ascent Funding aims to help millions of students achieve their dream of studying abroad. Ascent believes students are more than just a credit score and thus, offer seamless education loans with a cosigner. Whether you're aiming for an undergraduate or graduate degree, coding boot camps, or accelerated learning programs at recognised universities, you can apply for an Ascent Education Loan to make the perfect investment in your education.

Features	Education Loan Details
Loan amount	Upto 100% of education cost (Non-Collateral)
Margin money	NIL
Interest rate	Starting from 3.79%*
Processing fees	NIL
Processing time	7-10 days
Loan tenure	Upto 15 years
Prepayment charges	NIL
Countries covered	Ascent provides overseas education loans in numerous countries including USA
Moratorium	Study period + 6 Months

Benefits of Ascent Education Loan

Zero Fees Throughout the Process
With Ascent, you won't be charged any application, origination, or disbursement fees, enabling you to secure your loan through their hassle-free online process.
No Penalty for Prepayment
You won't face any penalty if you prepay your loan. If you pay off your loan early, you'll get more affordable monthly payments after graduation.
Flexible Education Loan
With their flexible education loans, Ascent helps students pause or reduce their payments. They also offer a Progressive Repayment feature to make reduced instalments after graduation. Ascent also provides substantial deferral and forbearance options if you qualify.
Establish your credit
If you are a US citizen or a permanent resident or hold DACA status, you can release your cosigner after making twelve consecutive full principal and interest payments on time, or an equivalent prepayment amount, meeting other specified criteria. Additionally, there is also an outcomes-based non-cosigned loan option for juniors and seniors who are US citizens, permanent residents, or DACA students, provided that you meet certain eligibility requirements.
Flexible Repayment Options
Choose from repayment options of upto 15 years, depending on your preference. Interest is paid during the moratorium period, and EMI is paid after the completion of your course and a grace period of 6 months.

How To Apply For Ascent

Education Loan For Abroad Studies?

You can apply for an Ascent Education Loan by connecting with our team of experts. Just fill out the form on our website, and we will schedule a callback and guide you through the process.
From helping you upload documents online to presenting them to the banks, Lorien Finance will help you throughout the application process.
Once all your documents are uploaded & KYC process is complete, you can expect your loan to get sanctioned within a few working days.

Why choose Lorien Finance to get an Education Loan from Ascent?

Best loans at unbeatable interest rates: Lorien Finance strives to bring you the best possible deals for your study abroad loans. Our experts negotiate on your behalf to get education loans at the lowest possible interest rates.
Effortless Process: All you need to do is fill out the form on Lorien Finance’s website. Yes, it’s that simple! Our team will take it up from there, making it a hassle-free process for you.
100% Free Assistance: Lorien doesn’t charge any processing fee or commission for student loans for your study abroad journey!
Quicker Loans: With constant application tracking and status updates, our experts ensure that your education loan for studying abroad gets sanctioned as early as possible.
Higher chances of approval: In case of any missing documents or other issues, Lorien’s team promptly reaches out to the bank to find solutions to increase your chances of getting a study loan for your overseas education.

Helping you fulfil your study abroad dream!

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Eligibility Criteria For Ascent Education Loan Abroad

Eligibility Criteria for Borrower
1. Factors like creditworthiness, school, program, graduation date, major, tuition, and fees
2. Student must be enrolled at least half-time in a qualifying school
3. International students should apply with a creditworthy cosigner who is a U.S. citizen or U.S. permanent resident
Eligibility Criteria for Co-Borrower
1. Be a U.S. citizen or U.S. permanent resident
2. Have a minimum credit score. The minimum score required is subject to change and may depend on your credit score
3. Meet a minimum gross annual income of $24,000 for the current and previous year
4. Be able to submit satisfactory proof-of-income
Eligible Courses
1. MBA
2. General & PhD
3. Dental
4. Medical
5. Law

Documents Required

For Applicants:
1. Identity proof (PAN Card or Employee Identity card)
2. Social Security Number
3. Information of your Employment
4. School information
5. Estimated financial aid
6. Your income proofs
7. Contact details for one reference
International Students/US Temporary Residents:
1. You must have a valid VISA that does not expire at least 6 months before the end of the enrolment period for which you're requesting the loan. The acceptable VISA categories are F-1, F-3, G-1, H-1B, H-1C, H-2B, H-3, J-1, L-1, M-1, M-3, T-1, and TN.
2. You must provide an I-20 Form (pages 1 & 2, signed by the school) along with an unexpired passport from your country of origin.
3. You must provide Form I-797, Notice of Action, and an unexpired passport from your country of origin if you are from an eligible Temporary Protected Status country.
For DACA Status:
1. Document from the U.S. Department of Homeland Security/U.S. Citizenship and Immigration Services (USCIS) confirming your DACA status.
2. Ensure that your DACA status remains valid for at least six months after the completion of the enrolment period for which you're applying for the loan.
For Permanent Residents of the U.S:
1. Permanent Residency Card

Expenses Covered in Ascent Education Loan

Tuition fees
Hostel and mess fees
Examination, library, and laboratory fees
Insurance premium
Caution deposits, building funds, and refundable deposits
Reading material and uniform
Travel expenses
Laptop
Admission acceptance fees
Other expenses

FAQs

Bringing answers to your questions

What are the eligibility criteria for Ascent's education loans for studying abroad?
To be eligible for an Ascent student loan, you should provide various documents and information like your identity proof (PAN Card or Employee Identity card), details about your employment, school information, and estimated financial aid. It's also necessary to provide proof of your income and offer contact details for reference.
What is the interest rate on education loans for studying abroad?
Ascent offers education loans with low interest rates. The exact interest rate may vary, and we recommend connecting with our experts for the most up-to-date information.
What is the process for applying for an Ascent education loan for studying abroad?
You can apply for an Ascent education loan for studying abroad by contacting Lorien Finance. Just fill out the form on our website, and our experts will schedule a callback to guide you through the application process, help you upload necessary documents online, and present the application to Ascent. Once all documents are uploaded and the KYC process is complete, the loan is expected to be sanctioned within a few working days.
Does Ascent offer special benefits or interest rate reductions for exceptional academic performance?
Ascent's education loans are known for their low interest rates, providing financial support for students aspiring to study abroad. While Ascent may not explicitly mention benefits for exceptional academic performance, Lorien Finance, your trusted education loan partner, works diligently to ensure you access the most favourable terms. By leveraging our expertise and relationships with financial institutions, Lorien assists you in securing the best interest rates available. Our commitment is to make your study abroad journey financially viable, offering personalised support to enhance your overall experience.
Is there a co-applicant or guarantor required for the loan?
Ascent’s education loans require a US cosigner, who is typically a permanent resident in the US.
What collateral or security is required for the loan?
Ascent provides non-collateral loans to students aspiring abroad education. Lorien Finance can facilitate this communication, ensuring you receive accurate and personalised information customised to your needs. Contact us to make your application process smoother and more transparent.

Lorien’s Success Stories

Real Dreams: Real Achievements

I'm Sambhavi, currently working at Deloitte. Lorien Finance helped me secure an education loan for my Master's in Business Analytics at the University...

Sambhavi

I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....

Rachna

Thanks to Lorien Finance, I was able to secure an education loan without any hassle. Their online application process made it convenient for me to app...

Sharikha

I'm Sambhavi, currently working at Deloitte. Lorien Finance helped me secure an education loan for my Master's in Business Analytics at the University...

Sambhavi

I want to express my utmost satisfaction and gratitude to Lorien Finance for their exceptional services....

Rachna

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It was a good experience with Lorien Finance throughout the process they helped me in every step and made the process hassle-free and helped me to g...