Interest rates starting at 2.95%*
Study Abroad Education Loan for Students
$2 Billion+ loans processed across 9+ countries
- Completely Online
- 1 Application
- 20+ lenders
Why Choose Nomad Credit?
100%
Financing on Edu Expenses
2.95%*
Interest Rates
NO
Processing Fees
$2B+
Loans Secured via Our Platform
From trusted international and domestic lenders
Find the Ideal Loan Crafted Just for You!
We simplify your finances so you can focus on learning.
US Cosigner Loans
This option allows you to secure a loan with lower interest rates compared to other loan types by involving a US citizen or permanent resident as your cosigner
- Save on repayments with lower interest rates
- Defer payments for 6-9 months after graduation
- Cover 100% of attendance costs
No Cosigner Loans
Ideal for students enrolled in top universities across the USA, Canada, and beyond. These loans offer competitive interest rates and don’t require a cosigner or collateral.
- No cosigner or collateral needed
- Flexible repayment / no payments during school
- Available for graduate students & 3rd/4th year undergraduates
Indian Bank Loans
Partnered with top Indian banks and lenders, Nomad Credit offers a variety of competitive loan options for students in need of funding
- Cosigner or collateral required for approval
- Loans available for the entire course duration
- Pre-visa disbursement options available
Trusted by Thousands of Graduates
Real People. Real Savings.
As I was heading for MBA at Columbia, I got in touch with Nomad team regarding the financing. They were super helpful and always approachable. This involved sitting with me on calls as I fill forms, helping with US cosigner doubts, helping me process all the applications. I highly recommend them!!
Anusha Goel
Columbia Business School
I’m really grateful to Nomad team for all the help and support. From the very first step, they were always just a call away. Thanks to them, the whole process felt so much smoother and less stressful. I’d happily recommend them. They truly go above and beyond for the people they works with!
Vibhuti Luthra
NYU Stern School of Business
I got in touch with Anchal regarding financing options as I head for an MBA at Stanford. She helped me get to know about all the available options with utmost patience. In the end, I was able to get a highly competitive interest rate with her help, which turned out to be the best option available in the market!
Yash Maheshwari
Stanford Graduate School of Business
Ganesh was my case manager at Nomad Credit. He helped me secure 2 student loans, 1 for each year of my MBA at UCLA Anderson. It is not always straight forward for international students to get student loans in the US, but Ganesh walked me through the whole process step by step, making it as stress free as possible. Highly recommended!
Jack Du
UCLA Anderson School of Management
Nomad Team helped me get the best possible option for my financing needs. They made sure that I got the most updated and consistent information to make the right decision towards the most important aspect of my studies i.e. money management. They were always there to help me and have a great attitude towards helping others.
Abhishek Pasricha
University of Southern California
Working with your team was an incredibly smooth and reassuring experience. A special shoutout to Karan and Deepesh, who truly went above and beyond at every stage and making sure everything was on track despite tight timelines. I’m genuinely grateful to have had such a supportive team by my side, I couldn’t have done it without you!
Sourav Mehra
UVA Darden School of Business
Since, I was doing this for the first time, I had a lot of questions. The team very patiently answered all my queries and consistently supported me from filling-up my application to document verification until I had received my loan confirmation. Overall, I really appreciate Nomad’s help in navigating me through my loan application process.
Shubham Malviya
Kellogg School of Management
Your unwavering support, particularly in navigating the challenge of securing a loan without collateral, has been truly remarkable. Special thanks to Shweta ma’am. Your service and commitment to helping students like me achieve their dreams have made a profound impact, and for that, I am deeply thankful.
Shakib Shaikh
Aston University
I’m incredibly grateful to Poonam and the entire Nomad Team for their outstanding support throughout. Their guidance was clear, timely, and tailored to my specific needs. I highly recommend them to anyone pursuing international education. They’re knowledgeable, professional, and genuinely invested in your success.
Akanksha Dilip Mhaisne
Kent State University
Thanks Sulekha & Nomad Credit for assisting me throughout. You also helped me boost my confidence personally in the entire process. I am grateful, you were there to resolve my every doubt regarding visa interview questions and any query I had. At the end, thanks once again for helping me achieve F-1 visa for the USA.
Jaspreet Kaur
University of Maryland
Your exceptional guidance made my master’s application process smooth and stress-free. You were always available and willing to answer my queries with patience and clarity. I highly recommend Nomad to anyone seeking professional guidance for their higher education journey.
Arshan Bhanage
San Jose State University
Why choose Nomad Credit for Study Abroad Journey?
Free Counselling
Country Selections
University & Couse
Shortlisting
SOP, LOR & Documentation
End to End Assistance
Overseas Education Loans
Plan your dream education journey today with Nomad Credit!
Copyright © 2025 Nomad Credit | All Rights Reserved
Disclaimer
*Student Loan Rate and Terms Disclosure: Rates displayed include Automatic Payment and Loyalty Discounts, where applicable. Note that such discounts do not apply while loans are in deferment. The lenders on the Nomad Credit platform offer fixed rates ranging from 3.39% – 18.11% APR and variable interest rates from 4.13% – 16.85% APR. Variable rates and floating rates from Indian lenders will fluctuate over the term of the borrower’s loan with changes in the Index rate. The Index will be either LIBOR, SOFR, or the Repo Rate (for Indian lenders), depending on the lender. Rates are subject to change at any time without notice. Your actual rate may differ from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s, if any, financial history), and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy co-signers, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5 to 20 years), and include Automatic Payment and Loyalty Discounts, where applicable. Loyalty and Automatic Payment discount requirements, as well as lender terms and conditions, will vary by lender; therefore, reviewing each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum amounts, degree and institution eligibility, citizenship and residency requirements, and other lender-specific criteria. Lenders will conduct a hard credit pull when you submit your application. Hard credit pulls will have an impact on your credit score.
Frequently Asked Questions
Everything you need to know about the US Credit Card product
What is a study abroad loan?
A study abroad loan is a financial product designed to help students cover the various expenses involved in studying in another country. It generally includes tuition fees, living expenses, travel costs, insurance, and other academic-related charges. These loans make international education more accessible by allowing students to pay back the amount after completing their studies.
Who is eligible for an overseas education loan?
Eligibility for an overseas education loan usually depends on having an admission or offer letter from a recognized foreign university, meeting the required academic standards, and having a co-applicant with a stable financial background for most Indian lenders. Some international lenders may assess the student’s future earning potential rather than requiring a co-applicant.
What expenses are covered?
Most study abroad loans cover major academic and living expenses such as tuition fees, accommodation, food, travel costs, health insurance, books, laptop, exam and visa fees, and other miscellaneous charges related to the course. This ensures that students can manage their financial needs without worrying about upfront payments.
Do I need collateral?
Collateral requirements depend on the type of loan and the lender. Secured loans require collateral such as property or fixed deposits and usually come with lower interest rates. On the other hand, unsecured loans do not require collateral but may have higher interest rates. Both types are available to students depending on their eligibility.
What are the interest rates?
Interest rates vary based on the lender and whether the loan is secured or unsecured. Secured loans often have lower interest rates due to the reduced risk for the lender, while unsecured loans generally come with slightly higher rates. Nomad Credit helps students compare options from multiple lenders to find the most competitive and affordable rates.
What documents are needed?
The documents commonly required for a study abroad loan include identity and address proofs, academic records, a valid passport, admission or offer letter, financial documents of the co-applicant, and collateral documents if applying for a secured loan. These documents help lenders evaluate eligibility and process the loan efficiently.
How long does approval take?
The loan approval timeline varies by lender and loan type. Unsecured loans are usually processed faster and may take around 3 to 7 days. Secured loans, due to property verification and additional checks, may take 7 to 15 days or more. With guidance and proper documentation, the process can be completed smoothly and quickly.
Can I get a loan without a co-applicant?
Yes, some international lenders offer loans without a co-applicant or collateral. These lenders evaluate the student's academic profile, future earning potential, and chosen university to determine eligibility. This option is especially helpful for students whose families cannot meet traditional co-applicant requirements.
How does Nomad Credit help?
Nomad Credit assists students by connecting them with the most suitable lenders from a wide network of banks and financial institutions. The platform helps students explore both secured and unsecured education loan options, compare interest rates, understand eligibility, and receive personalized support throughout the loan application and approval process, ensuring a smooth and hassle-free experience.
Plan your dream education journey today with Nomad Credit!
Copyright © 2025 Nomad Credit | All Rights Reserved
Disclaimer
*Student Loan Rate and Terms Disclosure: Rates displayed include Automatic Payment and Loyalty Discounts, where applicable. Note that such discounts do not apply while loans are in deferment. The lenders on the Nomad Credit platform offer fixed rates ranging from 3.23% – 18.11% APR and variable interest rates from 4.13% – 16.85% APR. Variable rates and floating rates from Indian lenders will fluctuate over the term of the borrower’s loan with changes in the Index rate. The Index will be either LIBOR, SOFR, or the Repo Rate (for Indian lenders), depending on the lender. Rates are subject to change at any time without notice. Your actual rate may differ from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s, if any, financial history), and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy co-signers, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5 to 20 years), and include Automatic Payment and Loyalty Discounts, where applicable. Loyalty and Automatic Payment discount requirements, as well as lender terms and conditions, will vary by lender; therefore, reviewing each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum amounts, degree and institution eligibility, citizenship and residency requirements, and other lender-specific criteria. Lenders will conduct a hard credit pull when you submit your application. Hard credit pulls will have an impact on your credit score.