Student Loans ◆ UniCreds

Q: When will I receive my sanction letter?

Once all the required documents are uploaded by the student and subsequently verified by Lorien, the sanction letter will be issued within 3 working days.

Q: How will I access my loan funds?

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

Q: How can I receive rate discounts?

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

Q: What percentage of the course fee does Lorien fund?

We cover 100% of the course fee and tuition, including college supplies and a flight ticket to the U.S.

Home> Education Loan> Lorien Education Loan

Lorien is a cross border fintech platform focused on providing affordable student loans and retail banking to Indian students who will pursue master's education in the US. Our vision is to become a US neobank providing affordable and better banking services to high credit quality US immigrants, regardless of nationality.

Loan Margin: NIL

Processing Fees: 2.0% onwards

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 education loans more accessible, viable, and affordable for students. While most banks and lenders consider collateral when approving a loan, Lorien Finance considers each student's potential and future employability when making choices.

Features Of Lorien Abroad Education Loan

Sr. No	Features	Education Loan Details
1	Loan amount	Minimum Loan Amount - $10000 Maximum Loan Amount - $80000
2	Margin money	Nil
3	Processing fee	2.0% onwards
4	Processing time	3 Days
5	Loan tenure	10 Years
6	Prepayment charges	Nil
7	Repayment holiday	We give a moratorium period of 6 months post-course completion.
8	Countries covered	USA

Benefits of Lorien Abroad Education Loan

Credit access to underserved students

Credit access is granted to underprivileged students

Low-interest payments & fees

Low-interest payments and fees wherein students can save 14% to18% compared to other loan options

No collateral required

Students can get an education 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 Lorien 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 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 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.

Month	Opening Balance (₹)	Interest Paid (₹)	Principal Repaid (₹)	Closing Balance (₹)
Month 1	Opening Balance (₹)	Interest Paid (₹)	Principal Repaid (₹)	Closing Balance (₹)
Month 2	Opening Balance (₹)	Interest Paid (₹)	Principal Repaid (₹)	Closing Balance (₹)
Month 3	Opening Balance (₹)	Interest Paid (₹)	Principal Repaid (₹)	Closing Balance (₹)
Month 4	Opening Balance (₹)	Interest Paid (₹)	Principal Repaid (₹)	Closing Balance (₹)
Month 5	Opening Balance (₹)	Interest Paid (₹)	Principal Repaid (₹)	Closing Balance (₹)

Eligibility Criteria For Lorien Abroad Education Loan

Sr. No	Type	Requirement
1	Eligibility Criteria	1. Pursuing for Higher Education (Post Graduate Program) in the US as per the states covered by Lorien Finance. 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.

Documents Required for Lorien Abroad Education Loan

Sr. No	Type	Documents Required
1	General	1. Complete Application form on Website 2. Amount of Loan Required 3. Passport size photo 4. Letter of admission from the University 5. ID proof (PAN, Aadhar & Passport)
2	Academic	1. Resume 2. 12th board mark sheet 3. Bachelor's Marksheets 4. Bachelor's Degree Certificate 5. GRE/GMAT/TOEFL/IELTS Score 6. Scholarship documents (if applicable) 7. Essays written by the Student for the application process
3	Financial	1. CIBIL report 2. Last 2 years Income Tax returns 3. Last 3 months salary slips or salary certificate on employer’s letterhead 4. Last 6 months bank statement 5. Total Investments (with proof) 6. Any other income proof that is not reflected in the above-mentioned documents
4	Travel Documents	1. Visa (Optional) 2. I-20 (Optional)
5	Cosigner Documents	1. ID proof (PAN, Aadhar & Passport) 2. CIBIL report 3. Last 3 months salary slips or salary certificate on employer’s letterhead 4. Last 2 years Form 16 from your employer or last 2 years Income Tax returns 5. Any other income proof that is not reflected in the above-mentioned documents 6. Last 6 months bank statement 7. Total Investments (with proof)

Loan Repayment For Lorien

After completing the course for 6 months, the repayment programme will begin. The repayment period is 6-10 Years. There will be no prepayment charges.

How To Apply For Lorien Abroad Education Loan?

Step 1: Contact UniCreds and inform our education loan adviser of your intent to begin the procedure, or apply straight online. Step 2: UniCreds will provide you your Lorien account login information and a link to log in to your account within 6 business hours. 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. Step 3: It only takes a few minutes to validate your information and papers after you've submitted your application. 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. Step 4: Once the loan has been approved and the online education loan agreement has been signed, all of your cash will be sent to your university as needed.