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. No | Features | Education Loan Details |
|---|---|---|
| 1 | Loan amount | Minimum Loan amount - $10,000 Maximum Loan amount - Up to 100% of total cost of education |
| 2 | Margin money | Nil |
| 3 | Processing fee | 1.5% to 2.0% |
| 4 | Processing time | 3 Days |
| 5 | Loan tenure | 10 Years |
| 6 | Prepayment charges | Nil |
| 7 | Repayment holiday | Duration of course + 6-12 months |
| 8 | Countries covered | USA |
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
Online Submission Of Documents
No Cost To You
Quicker Sanctions
Eligibility Criteria For Leap Finance Abroad Education Loan
| Sr. No | Type | Requirement |
|---|---|---|
| 1 | What 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. No | Type | Documents Required |
|---|---|---|
| 1 | Applicant’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. |
| 2 | Co-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.