FAQs
Lorien Finance exists to provide students with seamless servicing of education loans abroad. Our experts secure the best loan deals possible and provide end-to-end assistance in international money remittance
While students focus on their university admissions and global careers we manage all of their financial requirements. With Lorien Finance you can focus on what really matters: following your dreams and pursuing academic passion abroad. We provide top-of-the-line services in helping you secure collateral-free education loans at market-beating low-interest rates with end-to-end assistance with studies abroad. As an expert in education financing, we understand how important it is to have access to the funds you need.
Lorien Finance provides study abroad education loans to all eligible students who aspire to pursue their education abroad.
Lorien Finance has established partnerships with many banks and NBFCs in India and around the world to offer students the most favourable interest rates. Once you provide us with the required documentation, we will share it with our partner banks for evaluation. After the evaluation and approval process, we negotiate on behalf of the students to secure the best loan offers available. Our aim is to ensure that every student receives the most advantageous loan terms possible.
The documents required for an education loan are divided into three parts:
- Complete KYC (Know Your Customer) of student and co-signer
- Complete academics and working experience of student
- Financials of co-signer
Our goal is to provide comprehensive coverage for the cost of your education, which includes not only your tuition fees but also living expenses and other miscellaneous expenses associated with your study abroad aspirations.
Rate of interest varies from 8% to 14% depending on profile.
Repayment period or Loan tenure is usually from 7 years to 14 years.
Yes you can apply for education loan for undergraduate programs as well and graduate/ post graduate programs as well.
Yes you can apply for loan without co-signer. But having a co-signer increases chances of your approval.
Once Lorien Finance receives all the necessary documents, our partner lenders can assess your profile within 24 hours. If your application is deemed feasible, they can provide approval within 7-10 working days.
Certainly, education loan covers both your tuition fees and living expenses.
With Lorien Finance, you can apply for an education loan to study in any country supported by our partner banks.
There are three main repayment options for education loans namely Full Moratorium, Direct EMI, Simple Interest/Partial Interest. The best repayment option for you will depend on your individual circumstances. If you are able to afford to make payments while you are still studying, then the direct EMI option may be the best choice for you. However, if you are struggling to make payments while you are still studying, then the full moratorium or simple interest / partial interest options may be a better choice
Certainly, education loan covers both your tuition fees and living expenses.
With this option, you do not have to make any payments during the course duration and a grace period of 6 months to 1 year after you complete your studies.
With this option, you start making EMI payments from the next month after you take disbursement.
With this option, you only have to pay the simple interest portion of your loan amount during the course duration and a grace period of 6 months to 1 year after you complete your studies.
Indeed, the Income Tax Act of 1961 permits the deduction of interest paid on an education loan under Section 80E.
We understand that everyone's financial situation is different, which is why we take the time to assess your individual needs before making a loan offer. We also offer a variety of loan products to choose from, so you can find the one that best suits your needs. If you are interested in learning more about our unsecured loans, please visit our website or contact us today.
Not repaying a loan can have a negative impact on your credit score, which can make it difficult to get approved for future loans and affect your overall financial history. Lorien Finance always encourages students to be financially responsible and build a good credit history.
