Education Loan for Abroad Studies, Study Loan for Abroad

Q: 1. What Are The Fees And Charges For Money View Student Loans For Studying Abroad?

Ans: The fees and charges for an education loan for studies abroad from Money View are as follows -Type of ChargeAmountInterest RateStarts at 1.33% per monthLoan Processing FeeStarting from 2% up to 8% of the approved loan amountInterest on Overdue EMIs2% per month of the overdue amountForeclosure/Part-prepaymentNo part-prepayment of the loan is allowed.Foreclosure available after a certain number of EMIs have been paidEMI Cheque Bounce ChargesRs.500 per bounce

Q: 2. I Am 16 Years Old. Can I Apply For An Education Loan For Abroad Studies From Money View?

Ans: Currently, we only provide loans for applicants above 18 years. However, your guardian, parents, or friend who is an adult can apply and avail a loan on your behalf as long as the eligibility criteria is met.

Q: 3. How Can I Track My Money View Application Status?

Ans: Once you have submitted an application, you can track your application status on our app or website by following the steps below -1. If you’ve applied on our websiteGo to the login section on our website, Click here: /apply-loan/signupLogin into your loan account with your registered email IDGo to the “Dashboard” section of your loan accountScroll down to the “Application Status” tab to know the status of your loan application2. If you’ve applied on our appOpen the Money View/Money View Loans appRegister yourself with a valid email ID if you haven’t done it yetIf you have the Money View app, head over to the “Loans” sectionOnce you switch over, you’ll be automatically directed to the “Application Status” screen where you can check your application detailsIf you have the Money View Loans app, you’ll be directed to the “Application Status” screen automatically as soon as you open it

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Education Loan for Abroad Studies

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Why Choose Money View Education Loan for Abroad Studies

Flexible Loan Amount

You can choose any amount from Rs. 5,000 to Rs. 5,00,000 depending on your credit score.

24 Hours Loan Disbursement

Your loan will be disbursed within just 24 hours after the loan application approval

No Security Needed

Our loans don't require guarantors or collateral. You just need to meet our eligibility criteria

Affordable Interest Rates

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

Digital Process

Enjoy a 100% digital process from approval to disbursal making the entire process easy

Flexible Repayment

To repay the loan, you can choose a period of up to 5 years

Loans on Low Credit Score

The minimum score required is a CIBIL score of 600 or Experian score of 650.

Quick Eligibility Check

On the Money View website or on the app, you can instantly check your eligibility for a personal loan within just two minutes

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

In such cases, availing an affordable education loan for abroad studies can be highly beneficial, especially those that do not need collateral.

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.

In this case, a beneficial option is to avail personal loans to help you study abroad.

Education Loans from Private Lenders

Today, banks are not the only option to help one avail a loan. 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.

Money View, one of the most popular loan providers in the country offers versatile personal loans that can be used to fund your studies abroad.

Eligibility Criteria for Education Loan for Abroad Studies

Fulfill the eligibility criteria given below to avail Money View study loan -

Applicants must be between 21 years and 57 years
Applicants must receive an income of Rs. 13,500 or more
Income must be credited directly to the applicants’ bank account
Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650

Given below is a city-wise breakdown of the income and credit score requirement -

Income and Credit Score Eligibility Criteria
Salaried Individuals	Minimum In-Hand Income	Area of Residence	CIBIL Credit Score Requirement
	Rs 13,500	Any	CIBIL Score of 600 /Experian Score of 650 and above
	Rs 20,000	Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)	New to Credit or CIBIL Score of 600 /Experian Score of 650 and above
	Rs 15,000	Metro City other than Mumbai and NCR	CIBIL Score of 600 /Experian Score of 650 and above
Self-Employed Individuals	Rs. 15,000	Any	CIBIL Score of 600 /Experian Score of 650 and above

Documents Required for Education Loan for Abroad Studies

We believe in minimal documentation which is why we only need 3 documents from you -

Proof of Identity	Proof of Address	Proof of Income
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License	Any 1 of the following - Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License Utility Bills (Electricity, Water, Gas) dated within the last 60 days	*Salaried Applicants -* Last 3 months’ bank statements of your salary account in PDF format showing salary credits OR *Self-Employed Applicants -* Last 3 months’ bank statements in PDF format

How to Apply for a Education Loan for Abroad Studies

Check Eligibility

Visit the Money View website or loan app. Provide the required details and we will let you know your eligibility in 2 minutes.

Select Loan Tenure

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

Upload Documents

Upload all of the necessary documents online for verification

Amount Disbursed

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

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Conclusion

Studying abroad is a dream for most students but the lack of financial support can put a brake on this aspiration. While traditional education loans from banks are helpful, if you need urgent financial assistance without having to provide collateral, visit the Money View website or download the app and apply!

Education Loan for Abroad Studies - FAQs

1. What Are The Fees And Charges For Money View Student Loans For Studying Abroad?

Ans: The fees and charges for an education loan for studies abroad from Money View are as follows -

Type of Charge	Amount
Interest Rate	Starts at 1.33% per month
Loan Processing Fee	Starting from 2% up to 8% of the approved loan amount
Interest on Overdue EMIs	2% per month of the overdue amount
Foreclosure/Part-prepayment	No part-prepayment of the loan is allowed. Foreclosure available after a certain number of EMIs have been paid
EMI Cheque Bounce Charges	Rs.500 per bounce

2. I Am 16 Years Old. Can I Apply For An Education Loan For Abroad Studies From Money View?

Ans: Currently, we only provide loans for applicants above 18 years. However, your guardian, parents, or friend who is an adult can apply and avail a loan on your behalf as long as the eligibility criteria is met.

3. How Can I Track My Money View Application Status?

Ans: Once you have submitted an application, you can track your application status on our app or website by following the steps below -

1. If you’ve applied on our website

Go to the login section on our website, Click here: /apply-loan/signup
Login into your loan account with your registered email ID
Go to the “Dashboard” section of your loan account
Scroll down to the “Application Status” tab to know the status of your loan application

2. If you’ve applied on our app

Open the Money View/Money View Loans app
Register yourself with a valid email ID if you haven’t done it yet
If you have the Money View app, head over to the “Loans” section
Once you switch over, you’ll be automatically directed to the “Application Status” screen where you can check your application details
If you have the Money View Loans app, you’ll be directed to the “Application Status” screen automatically as soon as you open it

Student Loans for Studying Abroad

Avail affordable education loans for abroad studies without collateral