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Lorien - Education Loan

INTERNATIONAL LENDERS

No collateral needed

Loan Margin : NIL

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3 days avg loan processing time

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Margin

NIL

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Collateral

No

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Loan Tenure

Upto 10 Years

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Processing fee

2.0% onwards

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Early Repayment

No

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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

Lorien Finance offers education loans to Indian students seeking higher education in the United States. Their approach is data-driven and forward-thinking, with the goal of making loans more accessible, viable, and affordable for students. While most banks and lenders consider collateral when approving a loan, it considers each student's potential and future employability when making choices.

FeaturesEducation Loan Details
Loan amountMinimum Loan Amount - $10,000 Maximum Loan Amount - $80,000 Minimum Loan Amount - $10,000 Maximum Loan Amount - $80,000
Margin moneyNil
Processing fee2.0% onwards
Processing time3 Days
Loan tenure10 Years
Prepayment chargesNil
Repayment holidayWe give a moratorium period of 6 months post-course completion.
Countries coveredUSA

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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

When taking out student loans, there are some specific factors to consider. Finding out if a student is eligible for a loan is the first step in getting a loan. Once students have made the decision to apply for a loan, it is crucial to understand the required criteria. The following prerequisites must be satisfied in order to be eligible for a Lorien study loan-

  • The student must be pursuing a post-graduate programme in the United States (as per the states covered by Lorien Finance).
  • The student must be a citizen of India.
  • The student must be above 18 years of age.
  • The student must be admitted to the approved list of programmes and universities that Lorien Finance funds in the United States.
TypeRequirement
Eligibility Criteria1. Pursuing for Higher Education (Post Graduate Program) in the United States. 2. 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.

Benefits

Credit access to underserved students
Credit access is granted to underprivileged students
Competitive interest payments & fees
Interest rates starting from 9.5%* onwards
No collateral required
Students can get an study loan without collateral
Loan sanctioned to cover 100% of expenses
Loan sanctioned can cover 100% of expenses
Lower processing fees & faster sanction times
Students can avail low processing fees & quick sanctions

Benefits Of Getting Your Education Loan Through UniCreds

Higher Chance Of Approval
By applying for your loan through us, you are increasing your chances of approval. Generally, banks dismiss applications if they find any missing documents, property issues, or any other problem. We will immediately reach out to Lorien 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 services are completely free of cost.
Quicker Sanctions
Our strategic partnerships ensure low turnaround time. Expect to have your loan processed and sanctioned within 5 days*.

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

The process of applying for a abroad education loan could be complicated to understand when students don't have the right directions for the process. Here are the steps on how to apply for a Lorien education loan to make it easier for you -

  1. Contact UniCreds and inform our adviser of your intent to begin the procedure or you can also apply directly online.
  2. We will provide you with your Lorien account login information and a link to log in to your account within 6 business hours*. 
  3. Follow the on-screen directions to fill out your personal and academic information, upload your documents and submit your application once you've logged in.
  4. It only takes a few minutes to validate your information and papers after you've submitted your application. 
  5. A conditional loan confirmation message will appear on your dashboard if everything is in order. You'll also receive an email with your loan approval letter, which you can use to apply for a student visa.
  6. Once the loan has been approved and the online agreement has been signed, the money will be sent to your university as needed.

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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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)
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

The following are some options for repaying a Lorien education loan -

  • The repayment process will begin after students have completed 6 months* of a course.
  • The repayment period is 6 -10 years*. 
  • There are no prepaid charges for a Lorien loan repayment.
%
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
Interest(₹)
Principal Amount(₹)
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What our Students say about us

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Frequently Asked Questions

An education loan is taken out to cover costs associated with higher education or post-secondary education. They are designed to pay for living expenses while a student is pursuing a degree, as well as tuition, books, and supplies.
A personal loan has a higher interest rate than an education loan does. It is a better option with a longer repayment period (up to 20 years*) and lower interest rates*.
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
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
We cover 100%* of the course fee and tuition, including college supplies and a flight ticket to the United States.