Get Study Abroad Loan for your Higher Education

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Interest Rate Starting from 2.79%*
Education Loan upto 2 CR*
Covers 100% Cost of Attendance

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From trusted international and domestic lenders

Benefits of Nomad Credit

₹10 Billion+ in loans processed across 9+ countries

Loan upto ₹2 Crore*

Upto 100% Finance

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Finance your Study Abroad Dreams

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Education loans are a form of financial aid that helps students study without worrying about the associated costs. There are different education loans available in the lending marketplace, and students can explore the options to find the most suitable option for their profile. Education loans are also known as Student Loans.
In the study abroad space, education loans financially empower students to explore great opportunities in foreign universities. While the cost of studying abroad can be hefty for the average student from an ordinary, middle-class family, an education loan helps the student study in top-tier universities and explore better academic and professional opportunities.
Unlike in the past, education loan options are broadened today, catering to the needs of students from different financial backgrounds. We, at Nomad Credit, attempt to bridge the gap by offering expert guidance and tailored solutions for your educational needs.

Confused? No worries.

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

100% online. No appointments needed.

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.

Study Abroad Destinations Covered

Finance Your Future, Study Anywhere in the World

United States

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.

United Kingdom

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.

Canada

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.

Australia

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.

Ireland

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.

Germany

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.

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.

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?

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University & Course Shortlisting

SOP, LOR & Documentation

End to End Assistance

Overseas Education Loans

Frequently Asked Questions

Everything you need to know about Study Abroad Loans

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.

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.