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Ascent - Education Loan

INTERNATIONAL LENDERS

No collateral needed

Loan Margin : NIL

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NA avg loan processing time

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Margin

NIL

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Collateral

No

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Loan Tenure

Upto 20 Years

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Processing fee

Nil

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Early Repayment

No (without any charges)

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Living Cost

No

Secured Loan

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Amount

Up To 0

Un-Secured Loan

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Amount

Up To 0

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UniCreds Guarantee

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Quick Loan Sanctions

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100% Transparency

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No Hidden Fees

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24x7 Support

Feature

Ascent Funding aspires to provide access to education for millions of students who want to study abroad, based on the guiding premise that loans should expand your possibilities and not limit them. Ascent believes that students are more than merely their credit score and hence offers them the opportunity to apply for education loans with or without a cosigner. Prospective students interested in pursuing undergraduate, graduate, coding boot camps, or accelerated learning programmes at qualified universities can apply for an Ascent Education Loan and invest wisely in their education.

FeaturesEducation Loan Details
Loan amountMinimum Loan Amount - $2,001 Maximum Loan Amount - $400,000
Margin moneyNil
Processing feeNil
Processing timeDepends on student profile.
Loan tenure20 Years (5, 7, 10, 12, 15, or 20 Years)
Prepayment chargesNil
Countries coveredUSA

Looking forSparkLogoFaster and
streamlined Process?

100% Transparency

100% Free

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Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.

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Eligibility

TypeRequirement
For the Borrower & Co-SignerAscent Funding takes into account a variety of factors, including creditworthiness, school, programme, graduation date, major, tuition and fees, and others. Ascent loans are available to college students (both undergraduate and graduate) who are enrolled at least half-time in a degree programme at a qualifying school. You must fulfil Ascent's income standards if you are a student borrower without a cosigner and have at least two years of credit history. Student borrowers must have a minimum gross yearly income of $24,000 for the current and preceding years, as well as a monthly debt-to-income ratio of less than 50%. Co-signers must have a gross yearly income of at least $24,000 in the current and preceding years.
Eligible Courses1. MBA 2. Dental 3. Law 4. Medical 5. General & PhD

Benefits

No Application, Origination, Or Disbursement Fees
Since obtaining an Ascent student loan is an online process from the application to the disbursement of the loan, you can carry out the whole process at no extra costs and obtain your loan.
Flexible Options
Ascent Funding provides students with flexible repayment options wherein you can pause or reduce payments. You can use Ascent's Progressive Repayment option if you need to make reduced instalments after graduation. If you qualify, Ascent even offers significant deferral and forbearance alternatives.
No Prepayment Penalty
In case you repay your student loan, there will be no penalty fees. If you pay off your loan early, you'll have cheaper monthly payments after you graduate.
Discounts & Cashbacks
Ascent Funding provides an autopay discount as well as a cashback graduation incentive. Students can get a 0.25 percentage point autopay discount on their Ascent student loan by scheduling automatic payments via a personal bank account. When you make automatic payments from a checking account on a future-income-based college loan with no co-signer, the discount increases to 1.0 percentage points.
Build Credit In Your Own Name
U.S. citizens, permanent residents and DACA status have the option to release their cosigner after twelve (12) consecutive full principal and interest payments on-time or an equivalent prepayment amount and meeting other criteria. Outcomes-Based Non-Cosigned loan option for juniors and seniors that are U.S. citizens, permanent residents or DACA students that meet certain eligibility requirements.
The Most Repayment Terms
5, 7, 10, 12, 15, or 20-Years depending on loan type.

Benefits Of Getting Your Education Loan Through UniCreds

Higher Chance Of Approval
By applying for your education loan through UniCreds, you are increasing your chances of approval. Generally, banks dismiss applications if they find any missing documents, property issues, or any other problem. With UniCreds, we will immediately reach out to Ascent officials and find the best solution.
Online Submission Of Documents
With UniCreds, you can submit all the required documents from home! There won’t be any need to visit the branch. Simply head over to our website and submit all the documents there. There won’t be a possibility of not submitting an essential document, as our system is designed to ensure all essential documents are submitted.
No Cost To You
All our education loan services are completely free of cost.

Get Guidance at every step of your loan application

We ensure 100% transparency throughout the education loan process.Our education loan counsellors will stay by your side every step of the way.

Need Guidance Faster? Call us at:

phone

18001217661

Start your journey now

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Need Guidance Faster? Call us at:

phone

18001217661

How to Apply

Apply Online 

  • You can begin your application once you've verified your eligibility. Applicants can either check online or receive a callback from one of our expert education loan advisors.
  • Based on your circumstances, our expert counsellors can assist you in obtaining an Ascent student loan without or with collateral.
  • Once you've changed your profile information, our counsellors will completely review it and, based on your eligibility, provide you with the next set of steps.

Documentation

  • UniCreds helps candidates with uploading their documents and paperwork online, sparing you the hassle of going to the bank and thereby enabling you to do it from the comfort of your own home.
  • Furthermore, to speed up the process, UniCreds sends you a personalised set of documents to provide from your end on the basis of your profile and the kind of loan you've applied for.

Loan Approval

  • Once the banker receives the documents that you’ve submitted, they are uploaded online for approval. 
  • Above-average students have a higher probability of receiving 90 per cent of their financing as well as a lower rate of interest on the loans. 
  • Since most loan approvals are received via email, keep an eye out for any email pertaining to your loan amounts, interest rates, moratorium period, and payback period.

Loan Disbursal

  • Since this is an entirely online process, borrowers will use the Ascent portal to ensure that the loan is approved, sanctioned, and then rightfully disbursed. 

Looking forSparkLogoFaster and
streamlined Process?

100% Transparency

100% Free

unicreds

Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.

unicreds-scholar-girl

Documents

TypeDocuments Required
For BorrowersSTUDENT: 1. Pan Card 2. Aadhar Card 3. Passport 4. University Admission Letter 5. Entrance Score Card - GRE/ GMAT/ TOEFL/ IELTS, etc. 6. Academic: 10th, 12th & Degree - All semester Individual Marksheets 7. Resume 8. Name, Address, Contact and Email ID of 2 References (Friends/ Family/ Neighbors) 9. 3 months Salary slips (If Applicable) 10. 6 months Bank Statements (If Applicable) 11. Form 16 / ITR (If Applicable) MOTHER & FATHER (BOTH COMPULSORY): 1. Pan Card 2. Aadhar Card 3. Mobile Number & Email ID
Co-SignerCO-SIGNER (Salaried-Job): 1. PAN Card & Aadhar card 2. Latest 3 months salary slips 3. Latest 1 Year Salary Credited Bank Statements 4. Latest 2 Years Form 16 5. Electricity Bill 6. Mobile Number & Email ID IF CO-SIGNER (Self Employed/Business): 1. PAN Card & Aadhar card 2. Latest 2 year ITR with Computation income, Profit & Loss and Balance sheet 3. Business proof (GST, UDHYAM ADHAR, and GUMASTA) 4. Latest 1 Year Bank Statement (Income Credited) 5. Electricity Bill 6. Mobile Number & Email ID
Collateral LoanCollateral Documents: 1. Registered Sale Agreement (All chains) 2. Share Certificate 3. All Property Related Documents- e.g- Sanction Plan, Tax paid Receipt 4. NA conversion certificate in case of Plot. 5. OC/CC and Approved Building Plan. 6. 7/12 Extract 7. Society NOC 8. Any other Documents associated with Property

Loan Repayment

For borrowers in financial hardship, payments may be suspended at the lender's discretion. While the borrower is in college, Ascent provides three different repayment options. Fully deferred, interest-only, and $25 minimum repayment options are among them.

Some variable-rate graduate student loans may have a repayment duration of up to 20 years, while other variable-rate loans may have a repayment length of 15 years and fixed-rate loans may have a repayment time of 15 years. The minimum loan amount is $2,001, and students must be enrolled at least half-time at a qualifying school.

%
Years
Months
Months

The displayed EMI amount is approximate & is subject to change based on various factors.

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Monthly EMI
0
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Principal Amount
1,600,000
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Total Interest
0
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Total Amount
0
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What our Students say about us

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Frequently Asked Questions

Ascent is an innovative private student loan program that provides access to higher education funding for an expanded population of undergraduate and graduate students, while encouraging the financial wellness of students and their families. We advocate awareness of the potential financial outcomes of your higher education choices (school, major, years in school, financing your education), helping you visualize where your career could go and what it could be – encouraging better decisions today to open up greater future opportunities.
Ascent offers loan products to help international undergraduate and graduate students pay for college. 1. International undergraduate students have the option to apply for a Cosigned Credit-Based Loan 2. International graduate students have the option to apply for a Cosigned Credit-Based Loan. Ascent created customized repayment terms for: -Business School (MBA) -Dental School (DMD, DDS) -Law School (JD, LLM) -Medical School (MD, DO, DVM, VMD, DPM) -General Graduate School (Health Professionals -Nursing, Pharmacy, MA, MS, PhD, etc.)
Yes. Students that are not a U.S. citizen or U.S. permanent resident may apply with a creditworthy cosigner that is a U.S. citizen or U.S. permanent resident. Ascent’s credit decisioning criteria is proprietary and subject to change, but you can check what rates you pre-qualify for in just four (4) steps without impacting your credit score. We consider credit history and several other factors including, but not limited to credit score. Your cosigner must: 1. Be a U.S. citizen or U.S. permanent resident. 2. Have a minimum credit score. The minimum score required is subject to change and may depend on the credit score of your borrower. 3. Minimum gross annual income of $24,000 for the current and previous year; and 4. Must submit satisfactory proof-of-income.
Competitive interest rates, flexible repayment choices, no-cosigner loan alternatives, and a 1% cashback after graduation are just a few of the advantages that make Ascent student loans an appealing option.
A late payment fee of 5% of the overdue amount, up to a total of $25, is charged. However, the late charge will not be applied until the payment is at least 15 days due.