Leap Finance provides highly safe and reliable education loans to Indian students headed abroad for higher education. They currently provide graduate student loans to Indian students who are enrolled at American and Canadian universities. Leap Finance’s modern financial products and services have the potential to help thousands of Indian students pursue a global career.
Loan Margin: NIL
Processing Fees: 1.5% to 2.0% of Loan Amount

Leap Finance is an Indian financial services company committed to providing young Indians with education loans to pursue their dreams of studying abroad. By their own admission, they believe that young Indian students have the potential to be as influential and successful as famous Indian personalities like Sundar Pichai, Indira Nooyi, Satya Nadella and Laxman Narasimhan. Leap Finance provides Indian students with quality education loans to the USA and Canada. With minimum documentation needs, low interest rates and professional counselling, Leap Finance has gained the confidence of many young Indian students. The application process is 100% online and it takes 10 minutes to complete. Students can easily apply from home and get the official sanction letter.

Features Of Leap Finance Abroad Education Loan

Sr. NoFeaturesEducation Loan Details
1Loan amountMinimum Loan amount - $10,000 Maximum Loan amount - Up to 100% of total cost of education
2Margin moneyNil
3Processing fee1.5% to 2.0%
4Processing time3 Days
5Loan tenure10 Years
6Prepayment chargesNil
7Repayment holidayDuration of course + 6-12 months
8Countries coveredUSA

Benefits of Leap Finance Abroad Education Loan

1. Up to 100% finance. 2. Quick online process. 3. Minimal fees. 4. Zero hidden charges. 5. Covers the entire cost of study and living. 6. Zero collateral requirements. 7. 8% - 10% APR. 8. No defined limit on the loan amount. 9. Quick loan sanctions.

Benefits Of Getting Your Leap Finance 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/NBFCs dismiss applications if they find any missing documents, property issues, or any other problem. With UniCreds, we will immediately reach out to Leap Finance officials and find the best solution. .
Online Submission Of Documents
All our education loan services are completely free of cost.
No Cost To You
1. No minimum balance charge 2. No ATM withdrawal charge 3. No monthly/annual maintenance charged 4. Zero wire transfer fees. All these charges lead to around $329/annum of extra pressure on the student's pocket.
Quicker Sanctions
Our strategic partnerships ensure low turnaround time. Expect to have your education loan processed and sanctioned within 3 days.

Eligibility Criteria For Leap Finance Abroad Education Loan

Sr. NoTypeRequirement
1What is the eligibility criteria for securing a Leap Education Loan?1. The student must be an Indian citizen. 2. The student should have a strong academic record. 3. The student must be seeking admission to a professional or technical course of study, since. 4. Lenders always prefer giving loans for STEM courses. 5. The student must have already secured or have applied for admission at the foreign university. 6. The student must be above the age of 18 years

Documents Required for Leap Finance Abroad Education Loan

UniCreds provides students with a customised list of documents by analysing the student’s profile, the co-applicant’s profile and any property/asset, which you may offer as collateral. At a high level, these are the documents needed -

Sr. NoTypeDocuments Required
1Applicant’s Documents:1. PAN card. 2. Aadhaar card - 2 pages. 3. Passport (First and last page). 4. 10th, 12th, BE or Higher degree transcripts incomplete. 5. Credit report. 6. Last 3 months payslips and 6 months banking-if applicable (In case of lockdown at least one payslip and 1-month banking within the last 3 months to be submitted). 7. GRE/ IELTS/TOEFL scorecards. 8. Admission letter. 9. Passport size photo.
2Co-Applicant’s Documents:If Salaried - 1. PAN card. 2. Aadhaar card 2 pages. 3. Residence proof. 4. Last 3 months payslips & 6 months’ salary credits banking (In case of lockdown at least onepayslip and 1-month banking within the last 3 months to be submitted). 5. Form 16 for the last 2 years. 6. Credit report. 7. Additional income if any proof of the same. If Self Employed - 1. PAN card. 2. Aadhar card 2 pages. 3. Residence proof. 4. Individual ITR for last 2 years with Computation of Income, Trading and P/ L account, Balance sheet. 5. Latest 6 months individual banking (In case of lockdown at least 3 months latest banking to be submitted). 6. CIBIL report. 7. Additional income if any proof of the same. Once you submit the documents on the UniCreds website, we will initiate the loan process with Leap Finance. If by any chance, some documents are missing, then we will suggest alternatives to get your loan sanctioned on time.

How To Apply For Leap Finance Abroad Education Loan?

1. Complete the online application process. 2. Choose the amount and tenure of the loan. Accept the offer. 3. Download your official Sanction letter for free. This letter can be used to get your I-20 & visa. 4. You will get the loan agreement on your registered email. Both you and Leap Finance will sign the contract.

Frequently Asked Questions

What is the eligibility criteria for securing a Leap Education Loan?
All Indian students over the age of 18 years, whether applying to or have applied to the university supported by Leap Finance, are eligible for obtaining an education loan for studying abroad.