If at any stage during the process, you feel stuck or unsure about anything, feel free to reach out to our support staff and we'll help get things right on track for you.
Get in touch with us at: care@lorien.finance
You can also head over to our FAQ section below and see if the query you have has already been answered.
How is the interest rate as low as 8.5%?
We have access to low-cost U.S. funds enabling us to offer lower interest rates to Indian students.
What percentage of the course fee does Lorien fund?
We cover 100% of the course fee and tuition.
What is the eligibility criteria to secure a loan?
To secure a loan from lorien Finance you must be a citizen of India - 18 years or older - applying to or admitted to the approved list of programs and universities that we fund in the U.S.
Do I need a co-signer to secure the loan?
Yes. A co-signer is required. The co-signer can be a parent or a family member who is willing to repay the loan in the event that you cannot.
When will I receive my sanction letter?
Once all the required documents are uploaded by the student and subsequently verified by Lorien, the sanction letter will be issued within 3 working days.
How will I access my loan funds?
Tuition fees will be directly sent to the University’s account so you don’t have to get into the hassle of transferring the amount every semester. Personal expenses will be transferred to the student’s personal account
How can I receive rate discounts?
Lorien will reward students who demonstrate financial discipline by making timely payments once they start making full installments after the program is over. Students will be eligible for a 0.50% rate discount for payments through automatic withdrawal. And additional 0.50% rate discount for making 12 consecutive on-time payments through automatic withdrawal
Is there a minimum balance required to open a bank account?
No minimum balance is required to open an account.
Do I need a social security number or a U.S. credit history to open the bank account?
No, you don’t need a social security number or a credit history in the U.S. to open your bank account. Although credit history plays an important role in the U.S., we make sure to partner with you to build your credit score from Day 1.
Will there be any fees for ATM withdrawals?
There is no charge on ATM withdrawals or any transaction limit.
Can I apply for a U.S. bank account and debit card from India?
Yes, all you need to submit is a copy of your F-1 Visa and passport.
Is there an annual fee that I need to pay to maintain my bank account?
Not at all. You don’t have to pay a single dime to keep your account running.
Will there be an extra charge for international money transfers?
We don’t charge any fee for international transactions.