Finance Your study abroad dreams

Lorien Finance
Lorien Finance

“Education is the key to unlock the world. It is the passport to freedom.”

- Oprah Winfrey

‘Main udna chahta hoon, daudna chahta hoon, girna bhi chahta hoon, bus rukna nahi chahta!’ Does this inspire you and make you think of flying to different countries for your education? Well, what if we tell you, it is all possible! Any part of the world, the course of your choice, the university of your dreams!

For those of you who aim to pursue higher studies abroad, but lack of sufficient funds, there is a magic carpet that’ll fly you to the study destination of your dreams anywhere across the globe. And yes, this magic carpet isn’t interrupted by the stressful financial mountains in the way! Congratulations, Aladdin’s Genie granted your wish!

Realising that securing admission in top-tier institutions in foreign lands can be an enriching experience as they offer innovative learning, exquisite facilities and premier projects that enable you to get numerous opportunities, education gateway consultancies, like Lorien, intend to take off the immediate burden of financing the applicant’s higher education.

USA, Canada, Australia and the UK have been the top choices for education destinations, but the Netherlands, Germany, UAE, France, Singapore, Italy and Spain are no behind in terms of learning opportunities.

You must have read all about the pros of studying abroad, but let’s get practical and understand the process in depth. To begin with, the tuition fee for an overseas student is comparatively higher than that of a domestic student, but it’s completely worth it! You’ll have to spend extra for accommodation and other living expenses too. Don’t worry! This isn’t to scare you, but introduce the role of education loans in your journey to make it hassle-free! Don’t let your bank account hold you back from crossing oceans. Dive into your study abroad dreams with a loan!

Types of Education Loans for Students Applying Overseas

Indian students can opt for two types of loans based on feasibility, income and credit history.

  • Secured Loan A secured loan would require you to pledge collateral (assets, liquid securities) as a guarantee against the education loan. You can apply for a secured loan from the comfort of your home. Due to the collateral, the interest rates of this type are low and has flexible repayment terms.

  • Unsecured Loan An unsecured loan eliminates the requirement of collaterals and instead relies on the borrower’s creditworthiness and the student’s employability potential. The interest rates of this type are high as compared to a secured loan and have a shorter repayment tenure.

Eligibility, Documentation & Application Process for Students Applying Abroad

  • Eligibility Criteria The following factors are a mandate to be eligible to apply for an education loan in India:

  1. The applicant must be an Indian national.

  2. The applicant or the co-borrower (parent or spouse) must have a bank account in any bank in India.

  3. The applicant must possess a strong academic record.

  4. The applicant must have an acceptance letter from a recognised university or college abroad.

  • Documents Required Let's run our eyes over the list of documents required for a study overseas education loan in India.

  1. Loan Application Form

  2. Academic documents (transcripts and standardised test scores)

  3. Identification and related documents (KYC, Aadhaar card, PAN Card, birth certificate)

  4. Income proofs and bank statements

  5. Residential proof

  • Application Process The education loan application can be filled out both offline and online. In both scenarios, the applicant is required to submit the application along with the required paperwork, post which the lender contacts the applicant and proceeds with the loan application.

Why Lorien?

We ask ‘Why not?’ Being the overseas education consultancy of today’s contemporary world, we accept that even though studying abroad has its share of expenses to bear, it’s surely not out of reach with the right planning as well as guidance. Lorien provides you with personal counselling along with assistance in all documentation procedures and the best interest rates from top financial institutions. Here’s a brief overview of the key reasons you should choose Lorien:

  • The privilege of paying post learning program The goal is for you to focus on your learning and eliminate financial worries. With easy repayment schedules and EMI payment options, you can comfortably repay your loan on course completion or once you secure employment.

  • Covers all expenses! We understand being in a foreign land, you’ll have a lot more expenses. Worry not, our loans do not just cover your tuition fee, but back your living and travel expenses along with study material costs.

  • Makes you financially independent When you repay the loan yourself upon securing employment, this would enable you to be more capable and independent financially, building your credit history. Get in touch with us today to fly you to your dream education destination and achieve big!

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609 Greenwich St, New York, NY 10014

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New Delhi - Plot No.1/262, Westend Marg, Saket, New Delhi 110030Mumbai- C20, G-Block BKC, Bandra East, Mumbai, Maharashtra 400051Nashik- 13B, Vitthal Bungalow, Madhu Vijay Colony, Nashik 422005

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