Education Loans

YOUR STUDY ABROAD MATTERS

Education Loans

No student should left our from the study abroad due to financial constrains.

We help students & parents get funding for their higher education in abroad needs.

100% Funding
Quick Loan
Secured Unsecured
Education Loans

STEP 1 :

Approach Us

STEP 2 :

We Create Your Profile and Know Your Eligibility

STEP 3 :

Proceed With Documentation & Application

STEP 4 :

Get your loan Sanctioned and Disbursed !

Study Abroad Loan

FAQs

What does MENTOR UNIVERSE Services cover ?

Our services cover all the process assistance which is required to be done for your great Study Abroad experience i.e course, campus, country selection, admission, education loan, student visa, travel, insurance, accommodation etc.

How much loan can one get for Studying Abroad ?

The maximum loan amount for Studying Abroad ranges from 20 lakhs to 1.5 crore.

What can be the rate of interest?

The interest rates vary from 9% to 14% depending on the kind of financial institution. Rate of interest at Nationalized Banks is usually 1% to 2.5% lower than Private banks and NBFCs.

Which financial institutions offer unsecured loans and how much loan amount can we get through these loans?

Unsecured loans are offered by nationalized banks, private banks as well as NBFCs. Private Banks and NBFCs offer up to 45 lakhs whereas nationalized banks provide unsecured loans only up to 7.5 lakhs.

What are the benefits of unsecured loans?

• Non Collateral Loans up to 35 – 45 Lakhs
• Loan Sanction available before admissions on the basis of GRE / TOEFL / IELTS Score
• Pre Visa Disbursal for USA, Germany & other European Countries
• No EMI until graduation instead only small touch payments
• Zero Margin money
• 100% Education Finance
• Weight-age given to Academic Merit and  Parents Annual Income
• Top up loans available
• No pre-payment  penalty
• Flexible Repayment Options
• Fast online, paperless process

When can we apply for Education loan?

You can apply for an education loan on receipt of an offer letter from the University. However, if you are planning to take an education loan it would be better to enquire about the process and start the required documentation beforehand

When and how is the loan disbursed?

Education loan disbursement means actual release of funds. The disbursement is done after the loan has been sanctioned. Banks do give their share in many cases before the student receives the visa, whenever the student is required to pay a part of tuition fee to the University for release of the final offer letter. Thereafter, once the student receives the visa, banks release the education loan in installments semester wise.

Can we try for a loan even if we don’t have property or assets?

Most educational loans are unsecured loans which are good options for students who lack the assets or collaterals essential to obtain a secured loan. Obtaining an unsecured loan rests solely on your creditworthiness.