Study Abroad

Loan Finder Tool

A tool that checks your eligibility for education loan for studying abroad and finds the best offer in the international student loan network.

Loan offers like no-other

Hassle free Eligibility check

Zero-cost services

Unique US loan offers

Study Abroad Loan Eligibility Checker
Find Best Options for Education loan

Nomad Credit’s education loan eligibility checker helps Indian students compare study abroad loan options from 20+ lenders in just a few minutes at no cost. Students can explore Indian bank loans, NBFC education loans, and international no-cosigner loan options based on their university, course, and eligibility profile. Whether you are applying through SBI, ICICI Bank, HDFC Credila, Avanse, InCred, Prodigy Finance, or MPOWER, the tool helps you identify suitable loan options without lengthy paperwork or multiple bank visits.

What is A Loan Eligibility Checker?
Factors that Affect Your Abroad Education Loan Options
Loan Eligibility Checker for Abroad Studies
How Does the Loan Eligibility Checker Analyze Your Loan Eligibility for Abroad Study?
How Do You Use the Loan Eligibility Checker?
How to Find Your Study Abroad Loan options?
Nomad Credit Abroad Education Loan Eligibility Checker Benefits
Top Features of Education Loans for Abroad Studies
What Documents Are Required for the Loan Eligibility Checker?
Frequently Asked Questions

The right guidance for education loan options abroad will help you, like a GPS map for an unknown route. Often, students are confused about finding an education loan for studying abroad, losing their minds to the endless intricacies. Multiple bank visits, applications, tiring documentation and fee payments, all for rejection in the end.

An education loan Finder tool saves you from all these hassles. Explore your loan options in a minute at no cost. Welcome to Nomad Credit’s education loan Finder tool to simplify your education loan search abroad like nowhere else - an absolute saver of time and money!

What is A Loan Eligibility Checker?

A loan eligibility checker helps you find your study abroad loan options online. Based on your needs and eligibility, the tool filters education loan options offered by different lenders abroad. With this loan eligibility checker tool by Nomad Credit, you can explore your education loan options abroad at zero cost with a few clicks.

Factors that Affect Your Abroad Education Loan Options

Cosigner	Often, a cosigner is required to guarantee your loan option debt. The presence of a cosigner makes it trustworthy to lend you a loan.
CIBIL Score	A strong CIBIL score can improve education loan approval chances and interest rates with Indian banks and traditional lenders. However, some international lenders may offer student loans without requiring a CIBIL score or cosigner.
Country of Study	Lenders have a specific list of countries eligible for an abroad education loan option they offer.
Course	Many lenders keep a list of courses that are eligible for education loan options abroad.
Existing Loan Dues	Those with existing loan dues are not eligible for education loan options abroad.

Loan Eligibility Checker for Abroad Studies

The eligibility requirements for education loan options abroad differ from the lender you choose. See the table for the eligibility requirements for different lenders.

Abroad Education Loan Category	Description	Eligibility
INR Education Loan Options	Indian lenders offer Indian citizens these INR options for education abroad. There are mainly two categories - Secured (with collateral) & Unsecured (without collateral).	Be an Indian citizen Get admission abroad Have collateral or an earning cosigner for the loan guarantee Minimum 700+ CIBIL score of the cosigner if opting for unsecured options
US Cosigner Education Loan Options	US banks offer education loan options to international students on the guarantee of a cosigner who must be a US citizen or a permanent resident.	Get admission to a US school Have a US citizen or permanent resident as your cosigner
No Cosigner Education Loan Options	No cosigner loan options are offered by international lenders for studying abroad. Students do not require collateral or a cosigner for these options.	Secure admission to a course & institution listed by the lender Have a good CIBIL score

How Does the Loan Eligibility Checker Analyze Your Loan Eligibility for Abroad Study?

Nomad Credit’s loan eligibility checker checks your loan eligibility by sorting out the options based on the information you provided. You need to give the right answer to the short questions regarding your course, country, educational level, cosigner, and contact details. If you are looking for admissions to study in the USA, UK, Canada, Netherlands, Australia, and Ireland in 2025, you will find unique student loan offers from Nomad Credit.

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Country-wise Education Loan Guidelines

United States

International students planning to study in the US typically rely on private education loans, university scholarships, and lender-based financing options. US federal student loans are generally available only to US citizens and eligible residents. Some private lenders may require a US-based cosigner, while others offer no-cosigner loans for selected universities and programmes.

Canada

In Canada, students can apply for loan options backed by the Canadian government and private loan options by banks and other financial institutions. In addition to the typical loan documents, students have to submit a Provincial Attestation Letter (PAL) to be eligible for a loan option.

United Kingdom

For government-backed funding in the UK, you need to create an online student finance account and complete the application. Your parent or partner must confirm the household income. For external lenders, a CAS (Confirmation of Acceptance for Studies) letter to prove your eligibility.

Australia

International students need to show their cost of attendance as documented in their offer letter to get an Australian student visa. To borrow this amount, they can apply for an education loan from domestic and international lenders. Coordinate with your Australian university official for specific guidelines regarding the loan process and acceptance.

How Do You Use the Loan Eligibility Checker?

Step-by-step instructions to use the Nomad Credit education loan eligibility checker:

Open the Loan Eligibility Checker
Click See My Loan Options.
Choose your course level, country, and collateral or no-collateral type.
Give cosigner information - do you have a cosigner or not?
Proceed and give your contact details.
Voila - there are your loan options. Nomad Credit will contact you and offer further guidance at zero cost.

How to Find Your Study Abroad Loan options?

Simple. Provide your details to help us evaluate your profile. Once the evaluation is completed, our counselor will call you back & guide you further. At Nomad Credit. You can explore:

Multiple education loan options to study abroad
Assistance in the application process & documentation
Help to connect the student & cosigner with the lender, be it in India, US, or anywhere
Partnerships with the top abroad education loan lenders to ease your process

How Nomad Credit’s Loan Finder Works

Easy steps. Big savings.

Share Your Study Abroad Requirements

Answer a few quick questions about your study destination, university, course preferences, funding needs, and loan eligibility profile.

Get Matched With Eligible Lenders

Nomad Credit compares your profile across 20+ lending partners to identify suitable education loan options based on your eligibility.

Speak With a Loan Adviser & Complete Documentation

A Nomad Credit loan adviser guides you through interest rates, collateral requirements, cosigner options, repayment terms, and helps with the loan application at no additional cost.

Receive Your Loan & Start Your Study Abroad Journey

Once approved, your education loan is sanctioned and disbursed according to the lender’s process, helping you move forward with your study abroad plans.

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Top Features of Education Loans for Abroad Studies

Features	US banks	Indian public banks	Indian private banks	Indian NBFCs	International lenders
Example Lenders	Sallie Mae Earnest	SBI Bank of Baroda UBI	Axis Bank ICICI Bank	Credila Auxilo	MPOWER Financing Prodigy Finance
Maximum loan amount	15,000 - 220,000 USD (INR 12.5 Lakh - 1.8 Cr Approx.)	Up to INR 1.5 Cr	Up to INR 60 Lakh - 1 Cr Approx.	Up to INR 40 - 60 Lakh Approx.	100,000 USD (INR 83 Lakh Approx.)
Loan Type	Unsecured	Secured & Unsecured	Secured & Unsecured	Unsecured	Unsecured
Interest rates	2.79% – 16.49% APR (Fixed rates for Undergrad)	9.5% - 10%	10.28% - 12.5%	9% - 13.5%	9.66% - 20% APR
Processing fee	0	INR 10,000	1% of the loan amount	1% of the loan amount	5% of the loan amount
Repayment tenure	Up to 15 years	Up to 15 years	Up to 15 years	Up to 15 years	Up to 10 - 20 years
Grace period	9 months	6 - 12 months	6 - 12 months	6 - 12 months	6 months
Co-borrower requirement	A US citizen or a permanent US resident is required as the financial co-borrower	No financial co-borrower is mandatory for secured loans	A financial co-borrower with sufficient income is required	A financial co-borrower with sufficient income is required	No co-borrower is required

What Documents Are Required for the Loan Eligibility Checker?

No documents are required to use Nomad Credit’s Loan Finder tool. However, when you proceed with your application, our counselor will provide you with a checklist of documents.

There are options to select from, such as whether you have collateral or not and whether a cosigner is required or not. You need to select from those options.

Broaden your abroad study dreams with Nomad Credit. Join us today & make your global academic journey financially affordable.

Check Your Loan Eligibility

Frequently Asked Questions

Can any student get an education loan to study abroad?

There are multiple abroad education loan options available to fit for every student. However, it is mandatory to check your eligibility to find your education loan options to study abroad.

What is the minimum academic requirement for an education loan to study abroad?

Academic requirements vary depending on the lender, university, and programme. Indian banks generally look for consistent academic performance and may also evaluate factors such as backlogs, admission status, and repayment capacity. International lenders like Prodigy Finance and MPOWER assess profiles based on the university, course, and future earning potential rather than a fixed percentage requirement.

Can students get an education loan for abroad studies without collateral?

Yes. Many lenders offer education loan options without collateral for foreign education.

Are there study abroad education loans without a cosigner?

Yes. International lenders offer education loans to study abroad without collateral or cosigner. In this case, it is important to secure admission to a course & university supported by the lender.

Do all courses abroad get an education loan?

No. Your course of study must be listed by the lender for abroad education funding.

Disclosures

^*Rates starting at 2.84% APR (Annual Percentage Rate). This represents our lowest available fixed interest rate and includes a 0.25% discount for enrollment in AutoPay from a qualifying checking or savings account. Advertised rates are subject to change at any time without notice. Your actual rate will be determined based on your credit profile, loan amount, and repayment term at the time of application. Some borrowers may receive higher rates than advertised. AutoPay discount may be removed and rate will increase by 0.25% if automatic payments are cancelled.