Incred Education Loan

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Upto 7-10 days Loan Processing Time

Margin

NIL

Processing Fees

1% + GST

Collateral

Upto 100% of education cost

Non-Collateral

Upto ₹60 lakhs

Repayment Tenure

Upto 15 years

Cosigner Needed

Yes

Interest Rate

Starting from 11.75%*

Countries covered

USA, UK, Australia, Canada, and many more

Features of Incred
Education Loan Abroad

InCred Finance is a contemporary financial services platform leveraging technology and data science to offer a range of loans, including Personal Loans, Education Loans, and SME Business Loans.

Features	Education Loan Details
Loan amount	Upto 100% of education cost (Collateral) Upto ₹60 lakhs (Non-Collateral)
Margin money	NIL
Interest rate	Starting from 11.75%*
Processing fees	1% + GST
Processing time	7-10 days
Loan tenure	Upto 15 years
Prepayment charges	NIL
Countries covered	InCred provides overseas education loans in numerous countries including USA, UK, Australia, Canada, Germany, Ireland, New Zealand , and many more.
Moratorium	Study period + 6 to 12 Months

Benefits of Incred Education Loan

Generous Loan Limits
InCred provides generous loan amounts, offering 100% of the cost of education for secured education loans and up to ₹60 lakh for unsecured education loan, with the smallest loan available being ₹2 lakh.
Covers all expenses
Incred education loan for abroad covers up to 100% tuition fees and other educational expenses.
RBI Certification
InCred, sanctioned by the RBI as a Non-Banking Financial Company (NBFC), is certified to provide educational loans to Indian students, guaranteeing adherence to regulations and dependability.
Flexible Repayment Terms
InCred offers flexible repayment terms up to 15 years, customised to fit your needs, allowing you to alter the duration according to your financial situation. Additionally, the absence of penalties for early loan repayment gives you the freedom to clear your debt sooner.

How To Apply For Incred

Education Loan For Abroad Studies?

You can apply for Incred Finance 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 To Get Education Loan From InCred?

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!

Fill out the form so our team can get in touch with you!

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Eligibility Criteria For InCred Education Loan Abroad

Eligibility Criteria for Borrower
1. Must be 18 years or older.
2. Must be an Indian citizen.
3. Must have an admission in a recognised foreign university.
4. Must have completed relevant standardised exams like GRE, GMAT, TOEFL, or IELTS, or have a university waiver letter.
Eligibility Criteria for Co-Borrower
1. Must be a close blood relative of the applicant, such as a parent or sibling.
2. Must be actively employed and must have filed Income Tax Returns for the previous 2-3 years.
3. Must have a favourable CIBIL score.
Eligible Countries
1. USA
2. UK
3. Canada
4. Singapore
5. New Zealand
6. UAE
7. Germany
8. Ireland
9. Australia

Documents Required

For Applicant:
1. KYC documents including Aadhar card, PAN card, and Passport.
2. A recent coloured photograph.
3. Mark sheets for 10th, 12th, and Graduation.
4. Scores from English proficiency tests (IELTS, TOEFL, PTE) or a waiver letter from the university.
5. Entrance exam results (GRE, GMAT, SAT, ACT, CAT, etc.) or university waiver letter.
6. The acceptance letter from your College/University, if received.
7. Any scholarship award letters, if applicable.
8. The last three months' salary slips, for employed applicants.

Expenses Covered By InCred Education Loan

Tuition fees
Hostel and accommodation costs
Food and mess charges
Insurance premiums
Refundable and non-refundable cautionary deposits
Examination fees
Costs for purchasing books and stationery
Expenses for buying a laptop or computer

FAQs

Bringing answers to your questions

Who can apply for an InCred student loan?
Indian citizens or passport holders, including Non-Resident Indians (NRIs) with an Indian passport and individuals with Overseas Citizen of India (OCI) or Person of Indian Origin (PIO) cards, enrolled or planning to enrol in a qualified course, are eligible to apply. The cosigner must also be an Indian national. Additional conditions may be applied to these applicants and cosigners on an individual basis.
Which countries qualify for Incred student loans?
At present, InCred provides student loans for approved courses in numerous countries including the United States, Canada, Australia, the United Kingdom, Germany, Ireland and many more.
How much loan can I avail from Incred?
The maximum loan amount is limited to the full cost of attendance as certified by your university for the entire course duration. The minimum loan amount available is INR 2 lakhs required for disbursement.
Am I eligible for a loan if I haven't been admitted to a course yet?
Yes, you can apply once you have your standard standardised test scores. If you're not taking a test or wish to apply before getting your scores, you can start the loan application as you're short-listing or applying to universities or colleges.
Do I need a cosigner to secure a loan with Incred?
To get an Incred education loan it is mandatory to have a cosigner.

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

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

Finding suitable accommodation in a foreign country can be challenging, but Lorien Finance made it a breeze. Their partnership with reliable housing p...

Sriram

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...

Rama

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...