Why Choose Money View Education Loan for Abroad Studies

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Flexible Loan Amount

You can choose any amount from Rs.5,000 to Rs.10 Lakh depending on your eligibility and requirement

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24 Hours Loan Disbursement

After the loan is approved and submitting the loan agreement, the funds will be credited to your bank account within 24 hours in most cases

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No Security Needed

At moneyview, you won’t need to pledge any collateral or arrange for any guarantor

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Affordable Interest Rates

moneyview personal loans are affordable with interest rates starting at just 1.33% per month

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100% Paperless

Enjoy a totally digital process, right from approval to disbursal

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Flexible Repayment

Choose a repayment tenure starting from 3 months to 5 years

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Loans on Low Credit Score

You can get loans even with a CIBIL or Experian score of 650

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Quick Eligibility Check

Check your eligibility on the moneyview website in just 2 minutes

A degree from a university abroad definitely adds an edge to your resume. However, the expenses involved are quite high.

Thus, availing of an affordable study loan for abroad education, especially ones without any collateral can be of great help. 

Education Loan for Abroad Studies without Collateral

While most banks provide education loans, the interest rate may be on the higher side and may even require collateral which can be a problem if you do not have an asset to pledge. Even the process of applying for an education loan may be cumbersome and require a lot of documentation.

On the contrary, applying for an instant personal loan and using it as a study loan for abroad can be a great idea.

Student Loans for Studying Abroad from Private Lenders

Today, banks are not the only option for availing education loans or personal loans for studies. There are plenty of NBFCs and private lenders that provide personal loans to fund education. While the amount being provided may not be as much as that offered by banks, there are a number of other benefits, such as quick approvals and minimal documentation.

We, at moneyview, offer versatile personal loans that can be used to fund your overseas education.

Eligibility Criteria for Education Loan for Abroad Studies

In case you have decided to apply for a personal loan from moneyview as an education loan for abroad studies without collateral, the eligibility criteria are as follows - 

Documents Required For Education Loan For Abroad Studies

The documentation required for applying for an education loan for abroad studies without collateral from moneyview is minimal. All you will have to do is -

Please note that the documentation requirements will vary based on your profile. You may be required to upload proof of address, bank statement, and other supporting documents. 

In case you are required to upload proof of address, any one of the following documents will suffice - 

In case you are required to upload proof of income, you must furnish your bank statement for the last three months. This statement must also show your salary credits.

How to Apply for a Education Loan for Abroad Studies

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Check Eligibility

Visit the Money View website or loan app. Provide the required details and find out your eligibility in 2 a just minutes.

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Select Loan Tenure

Based on the options provided, select the loan amount and repayment term of your choice

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Upload Documents

Upload all of the necessary documents online for verification

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Amount Disbursed

Post verification and submission of the loan agreement, the loan amount will be credited to your account within 24 hours in most cases

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Conclusion

An overseas degree or studying from a college abroad is a dream for many. But the finances involved often end up worrying the students and the guardians. 

Nowadays there are many banks that give education loans for studying abroad. While traditional education loans from banks are helpful if you are looking for a personal loan to act as an education loan for abroad studies without collateral, you have many options.

You can take an instant personal loan of up to Rs.10 Lakh from moneyview, which also gets disbursed within 24 hours. To apply or know more, download the moneyview app or visit the website.

Education Loan for Abroad Studies - FAQs

Yes, you can get an education loan without parents if match the eligibility criteria of the lender. Also, if you are applying for a full-time course, you will need a guarantor, but that can be either your parents, guardian, or spouse.

You can apply for a study loan for the 100% expenses of the course, including hostel accommodation, tuition fees, expenses for buying books, etc.

Currently, we only provide loans for applicants above 21 years. However, your guardian, parents, or friend who is an adult can apply and avail of a loan on your behalf as long as the eligibility criteria are met.

Once you have submitted an application, you can track your application status on our app or website -

  • Login using your registered email ID
  • Head over to the ‘Dashboard’ and scroll down to the ‘Application Status’ 

If you have the app, you will see the ‘Application Status’ as soon as you open the app. 

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