Credenc is a unique platform to finance meritorious students for their college fee expenses by underwriting their employability, rather than the means available to their families.

Loan Margin: NIL
Processing Fees: 1.0% to 1.5% of Loan Amount

Credenc, which was established in 2017, is a one-of-a-kind platform that finances deserving youngsters' university expenditures by underwriting their employment rather than their families' financial resources. With its future income prediction algorithm, Credenc is disrupting the domestic higher education finance sector, ensuring that our country's top students do not go without funds for their university education. Students who wish to study abroad or want to pursue higher education can opt for a Credenc education loan. This Credenc loan was established to ensure that students do not miss out on giving wings to their dreams of higher education studying.

Features Of Credenc Abroad Education Loan

Sr. NoFeaturesEducation Loan Details
1Loan amountUpto ₹1Cr (Collateral) Upto ₹50Lac (Without Collateral)
2Margin moneyNil
3Processing fee1.0% to 1.5%
4Processing time2 Working Days
5Loan tenure12 Years
6Prepayment chargesNil
7Countries coveredUSA, Canada, UK, France, New Zealand, Australia, Germany and others

Benefits of Credenc Abroad Education Loan

Approval Probability Is Increased
You maximize your odds of acceptance by registering for your student loans through UniCreds. NBFCs typically reject applications if they discover missing paperwork, property issues, or any other concern. With UniCreds, we'll contact Credenc officials right away to identify the best solution.
Documents Can Be Submitted Online
With UniCreds, you may submit all of your essential paperwork from the comfort of your own home! There will be no need to go to the branch office. Simply go to our website and upload all of your documents there. There will be no chance of missing an important document because our system is set up to ensure that all required documents are supplied. You'll also receive notifications with step-by-step changes.
Assistance During Loan Disbursements
Applying for a Credenc education loan with UniCreds ensures assistance at every stage. We will support you till the complete loan amount is released and ensure that all disbursements are made on schedule.

Benefits Of Getting Your Credenc Abroad 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 Credenc 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. You also get stepwise updates via notifications.
No Cost To You
All our education loan services are completely free of cost.
Quicker Sanctions
Our strategic partnerships ensure low turnaround time. Expect to have your education loan processed and sanctioned within 5 days.

Calculate EMI for Education Loan

Loan Amount

Interest (p.a)

Loan Duration

Course Duration

Grace Period

Monthly EMI
Principal Amount
Total Interest
Total Amount
Loan Amortization Schedule

Following table show the year wise payment schedule.

MonthOpening Balance (₹)Interest Paid (₹)Principal Repaid (₹)Closing Balance (₹)
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)
Opening Balance (₹)
Interest Paid (₹)
Principal Repaid (₹)
Closing Balance (₹)

Eligibility Criteria For Credenc Abroad Education Loan

You are eligible to apply for the Credenc Education loan only if you’ve met the following requirements:

  • The applicant must be an Indian national.
  • Students seeking admission to master's programmes must have completed a three-year graduate degree in any field. Several Indian master's degrees, such as the M.A. and M.Sc., are also approved for postgraduate enrollment. He or she should also have a legitimate scorecard (GRE, GMAT, TOEFL, IELTS, etc).
  • According to RBI standards, there is no upper age limit for applicants, but some banks may impose one. As a result, the candidate must be between the ages of 16 and 35.
Sr. NoTypeRequirement
1Requirement:1. GRE/GMAT or equivalent test score 
2. Overall student profile (10th, 12th, graduation scores, work experience, etc.) 
 3. Co-applicant financials

Documents Required for Credenc Abroad Education Loan

Sr. NoTypeDocuments Required
1For Applicants:KYC documents like Aadhaar card or PAN card Academic documents like SSC, HSC, Graduation, etc A valid passport
2Credenc Education Loan For Undergraduate Courses1) Updated Resume 2) Passport Size photo (Virtual Copy) 3) Copy of Passport 4) Copy of PAN Card & Aadhaar Card 5) Address proof of permanent residence 6) Academic Credentials (10th, 12th, Graduation) 7) Copy of admit letter from the college 8) Fee structure from the college 9) If the applicant has received any scholarship/ fellowship or financial aid, the letter for the same
3Credenc Education Loan For Postgraduate Courses1) Updated Resume 2) Copy of Passport 3) Copy of PAN Card & Aadhaar Card 4) Address proof of permanent residence 5) Academic Credentials (10th, 12th, Graduation) 6) Copy of admit letter from the college 7) Fee structure from the college 8) If the applicant has received any scholarship/ fellowship or financial aid, the letter for the same 9) Last Form 16 (If working) 10) Last Company Payslip 11) If working, Company ID card or Offer Letter 12) Exit/Resignation Letter from the previous company if you are not working anywhere 13) Passport Size photo (Virtual Copy)

Loan Repayment For Credenc

  • The payback time is limited to 15 years from the start of repayment, whether you accepted an Indian or an international course.
  • Education loan repayment typically starts one year after the end of the six-month period following work, whichever comes first.
  • The very first instalment of the loan will be disbursed, and interest repayment will commence instantaneously.

The repayment options for Credenc Education Loan are flexible and adjustable.

How To Apply For Credenc Abroad Education Loan?

Apply Online & Upload Your Documents

  • You can begin your application after you've verified your eligibility. Students can apply online or receive a callback from one of our expert student loan advisors. 
  • Our knowledgeable counsellors can assist you in obtaining a Credenc Loan without or with collateral, depending on your circumstances.
  • Our counsellors will completely evaluate your profile after you've changed your profile information and, based on your eligibility, will recommend the next set of activities to you.

Processing and Approval

  • Once you've uploaded/submitted the necessary documentation, you can send your loan application and related paperwork to Credenc for examination and real-time approval.
  • UniCreds will communicate with the Credenc loan department on a regular basis to keep track of your application's status and guarantee that it is addressed as quickly as possible. If there are any significant revelations, our website will keep you informed.
  • Applicants should be informed that the lender may approach them at this time to ask for additional documentation to substantiate their loan application. Applicants will get these precise requirements from UniCreds. If a demand is made that is unreasonable, we shall report it to the Credenc loan authorities.
  • The loan is accepted and ready for sanction once the papers and application are verified to be free of errors or additional loopholes.

Loan Sanction And Disbursal

  • After receiving the approval letter, the student and co-applicant must sign the loan agreement within the sanctioning letter's 6-month validity period.
  • The student is authorised to loan disbursement after entering into an agreement.
  • The lender will transfer the necessary funds into your bank account or into your university's/account. We discuss with the Credenc loan team and get everything done if the student wants disbursement prior to the visa as per the visa office's guidelines.
  • UniCreds will also ensure that disbursements are made on time, and students can contact UniCreds at any time during the loan's term.

Frequently Asked Questions

Can I get my loan sanctioned without an unconditional offer letter from the university?
Yes! Get your loan approved before you even decide on your college!

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