USA student loan

GlobCred.Money is a financial technology platform that simplifies the process of finding and applying for education loans. It's important to note that GlobCred.Money is not a bank, lender, or financial advisor. Instead, we partner with a wide range of leading Indian and international financial institutions to offer you a comprehensive suite of loan options. We act as a bridge, helping you discover and compare various loan products that best fit your academic aspirations.

While the final eligibility for an education loan is determined by our individual lending partners, generally, to be considered for a student loan for studying in the USA, you might need to meet the following common criteria:

• Citizenship: You should be an Indian citizen.
• Admission: You must have secured admission into a recognized university or educational institution in the USA. An I-20 form (Certificate of Eligibility for Nonimmigrant Student Status) from your university is often a key requirement.
• Age: You need to be at least 18 years old.
• Program: The loan usually supports students enrolled in career-oriented or professional programs.
• Academic History: A decent academic record is often preferred by lenders.
• Financial Standing: Lenders will assess your (and potentially your co-borrower's) financial stability to ensure repayment capability.

Through our diverse network of lending partners, you can explore various loan options tailored to your needs. These typically include:

• Secured Education Loans: These loans require collateral (such as property or fixed deposits) as security. They often come with lower interest rates and higher loan amounts.
• Unsecured Education Loans: These loans do not require collateral. They typically require a co-applicant or co-signer and are assessed based on the applicant's and co-applicant's financial profile.

Our partners offer competitive features such as:

• High Loan Amounts: Covering a significant portion, sometimes up to 100%, of your educational expenses.
• Comprehensive Coverage: Loans can cover not just tuition fees but also living expenses, books, travel, insurance premiums, and other related costs.
• Flexible Loan Tenure: Repayment periods are designed to be convenient for students.
• Competitive Interest Rates: Varying based on the lender and your profile.
• Transparent Processing: Details on processing fees and prepayment charges (if any) are provided by the respective lenders.

A US education loan can typically cover a wide range of expenses to ensure you have a smooth academic journey:

• Tuition Fees: Covering the full cost of your university program.
• Living Expenses: Accommodation (on-campus or off-campus), food, and daily necessities.
• Books and Supplies: Cost of textbooks, stationery, and other study materials.
• Travel Expenses: Airfare for your journey to and from the USA.
• Health Insurance: Mandatory health insurance premiums as required by your university or the US government.
• Examination, Laboratory, and Library Fees: Any additional fees charged by the institution.
• Caution Deposits: Refundable deposits required by the university.
• Laptop and Other Equipment: Purchase of necessary study equipment.