Get Upto 2 Crore Education Loan for Study in USA

Fund your Master’s or MBA in the USA with fast approvals, low interest rate at 2.79%*

Disbursal in 3 days*
Easy Online Application
Covers 100% Cost of Attendance

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Benefits of Nomad Credit

₹10 Billion+ in loans processed across 9+ countries

Loan upto ₹2 Crore*

Upto 100% Finance

Loan Approval in 3 Days*

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Why Take an Education Loan for Studying in the USA?

Discover. Plan. Apply.

An education loan for studying in the USA opens the door to globally recognized universities and high-paying career opportunities without putting immediate financial pressure on you or your family. It helps cover major expenses like tuition fees, accommodation, travel, and daily living costs, allowing you to focus fully on your academic journey. With flexible repayment options, low interest rates, and repayment starting after course completion, education loans are designed to be student-friendly. Many lenders also offer quick approvals and collateral-free options, making the process easier and more accessible for students.

Nomad Credit help you can compare multiple loan options from top banks and financial institutions, get expert guidance, and find the best deal tailored to your profile. Additionally, a strong repayment track can help you build a positive credit history early in life. Investing in your education abroad not only enhances your skills and global exposure but also significantly boosts your long-term earning potential, making it a smart and strategic financial decision.

Confused? No worries.

We're here to help you find the right loan option for you

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Find the Ideal Loan Crafted Just for You!

We simplify your finances so you can focus on learning.

US Cosigner Option

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 Option

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 Cosigner Option

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

Need help for an Education Loan?

Don’t let finances hold you back! Connect with our loan experts today and find the best study abroad loan for you.

Your Trusted Partner for Study Abroad Loans

Join Thousands of Students Funded Through Nomad Credit

With partnerships with over 20+ national and international lenders, we offer you the best loan options customized for your unique needs. We understand that every student’s situation is different, which is why we provide personalized support. Our loan experts will guide you through the entire process, ensuring you get the lowest interest rates and a quick, hassle-free loan experience.

Benefits:

Study Abroad Destinations Covered

Finance Your Future, Study Anywhere in the World

Study in United States

Study in the United States with flexible education loan options covering tuition, living expenses, and more. Access funding from top lenders with competitive interest rates and quick approvals, making it easier to pursue your dream university.

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United States

Study in United Kingdom

Get tailored education loans for the UK with faster processing and flexible repayment plans. Whether it’s a one-year master’s or a full degree, finance your studies at top UK universities without financial stress.

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United Kingdom

Study in Canada

Secure an education loan for Canada with affordable interest rates and student-friendly terms. Cover your tuition and living expenses while focusing on building a successful future in one of the most student-friendly countries.

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Canada

Study in Australia

Plan your studies in Australia with customized loan solutions designed for international students. Get financial support for top universities along with flexible repayment options to ease your journey.

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Australia

Study in Ireland

Fund your education in Ireland with hassle-free loan options from trusted lenders. Enjoy quick approvals and competitive rates while studying in one of Europe’s fastest-growing education hubs.

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Ireland

Study in Germany

Study in Germany with low-interest education loans designed to support your academic goals. Whether public or private universities, get the right financial backing for a smooth study abroad experience.

Enquire

Germany

Talk to Our Loan Expert Today!

Why wait? Get in touch with our loan specialists and explore the best student loan solutions we’ve shortlisted just for you!.

How it works?

Get free, personalized support every step of the way

01 Check Fit

Answer a few quick questions and instantly see which loans you're eligible for.

02 Apply Fast

Submit your application in minutes with guided support. We’ll help you put your best foot forward.

03 Get Funded

Once approved, your funds are disbursed quickly - directly to your account or school, as needed.

04 Easy Repayments

Flexible repayment options that align with your goals. Start repaying when you’re ready, with support all the way.

Trusted by Thousands of Graduates

Real People. Real Savings.

Anusha Goel

Columbia Business School

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!!

Vibhuti Luthra

NYU Stern School of Business

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!

Yash Maheshwari

Stanford Graduate 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!

Jack Du

UCLA Anderson School of Management

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!

Abhishek Pasricha

University of Southern California

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.

Sourav Mehra

UVA Darden School of Business

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!

Shubham Malviya

Kellogg School of Management

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.

Shakib Shaikh

Aston University

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.

Akanksha Dilip Mhaisne

Kent State 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.

Jaspreet Kaur

University of Maryland

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.

Arshan Bhanage

San Jose State University

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.

Why choose Nomad Credit for Study Abroad Journey?

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Overseas Education Loans

Frequently Asked Questions

Everything you need to know about USA Education Loans

What is an education loan for studying in the USA?

An education loan for studying in the USA is a financial solution that helps students cover expenses such as tuition fees, living costs, travel, insurance, and other academic-related costs. These loans are offered by banks and financial institutions and can be secured (with collateral) or unsecured (without collateral).

Who is eligible to apply for a study abroad loan for the USA?

Students who have secured admission to a recognized university in the USA are generally eligible to apply. Lenders also consider factors such as academic performance, the chosen course, future earning potential, and the financial profile of the co-applicant.

What expenses are covered under an education loan for the USA?

Education loans typically cover tuition fees, accommodation, travel expenses, visa fees, books, insurance, and other related costs. Some lenders may also include living expenses depending on the loan type and amount.

Do I need collateral to get an education loan for the USA?

Collateral requirements depend on the loan amount and lender. Loans above a certain amount usually require collateral such as property or fixed deposits. However, many lenders also offer unsecured loans for eligible students based on academic profile and co-applicant strength.

What is the interest rate on education loans for the USA?

Interest rates vary depending on the lender, loan type (secured or unsecured), and applicant profile. Generally, secured loans have lower interest rates compared to unsecured loans. Rates can also differ based on market conditions and repayment terms.

When do I need to start repaying the loan?

Most education loans offer a moratorium period, which includes the course duration plus an additional 6 to 12 months. During this time, you may not be required to pay EMIs, although simple interest may accrue depending on the lender.

Can I get a loan without a co-applicant?

In most cases, a co-applicant such as a parent or guardian is required, especially for unsecured loans. The co-applicant’s financial profile helps lenders assess repayment capacity and approve the loan.

How long does it take to get an education loan approved?

The approval timeline depends on the lender and documentation readiness. It can take anywhere from a few days to a few weeks. Working with a loan assistance platform can help speed up the process by comparing lenders and ensuring proper documentation.

Are there tax benefits on education loans?

Yes, under Section 80E of the Income Tax Act in India, you can claim tax deductions on the interest paid on your education loan. This benefit can be claimed for up to 8 years or until the interest is fully repaid.

Finance your Study Abroad Dreams with Nomad Credit

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.