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.
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 |
Calculate EMI for Education Loan
Loan Amount
Interest (p.a)
Loan Duration
Course Duration
Grace Period
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 (₹) |
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. |
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) |
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.
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.