Why Choose USA for Higher Education?
331,600 Indian students choose to pursue their higher education in the USA in 2023-24. This underscores the USA’s appeal as a premier destination for academic advancement. Here’s why an education loan for Indian students in the USA is a smart investment.
Flexible education system that allows students to customize their courses.
Diverse and multicultural environment, giving students exposure to global networking.
Excellent career prospects, with top companies hiring international graduates.
Strong research and innovation opportunities that attract students who seek advanced studies
Explore loan options for USA
A non-collateral loan makes it possible to study abroad without putting assets or family finances at risk.
01 Education Loan for MS in the USA
Special loan plans with flexible terms for MS students in USA.
02 Education Loan for Indian Students in USA
USA education loans designed specifically for Indian students.
03 Unsecured Education Loan
No collateral required, faster approval process.
04 Collateral-Based Education Loan
Higher loan amounts with lower interest rates.
Compare Education Loan in USA for Indian Students
Wondering which bank gives education loan without collateral for abroad studies? Here are some top lenders you can check out.
Bank Name
Loan Amount
Interest Rate
Processing Time
Processing Fee
Upto INR 2 Crore
9.95% - 12%
7 Days
0.5 - 1%
Upto INR 2 Crore
9.95% - 13.50%
10 Days
0.75 - 1%
Upto USD 200K
10.5% - 14%
7 days
100USD+ 5%
Upto INR 1.5 Crore
10.15% - 11.15%
25 days
INR 10,000
Upto INR 1.5 Crore
9.75% - 13%
14 days
0.75%
Upto INR 1.5 Crore
10% - 13%
7 days
0.85 - 1 %
Upto INR 1.5 Crore
10.50% - 13%
7 days
1%
Upto INR 1 Crore
9.95% - 12%
7 days
0.5 - 1 %
Education Loan Eligibility Criteria For Studying in the USA
Indian citizenship with confirmed admission to a US university.
Age between 18-35 years at the time of loan application.
Good academic record as per lender requirements.
Co-applicant required (parent/guardian) for most loans.
Collateral may be needed for higher loan amounts.
USA Education Loan: Documents Required
An education loan for studying abroad covers tuition, accommodation, and living expenses—offering low interest rates, flexible terms, fast approval, and full support to help you achieve your academic goals.
Admission letter from a recognized US university.
Academic transcripts and certificates.
- Valid passport, Aadhaar, and PAN card.
Co-applicant’s income proof and bank statements.
Collateral documents (if applying for a secured loan).
Completed loan application form.
Top Universities of USA
California Institute of Technology (Caltech) — #10 globally
Stanford University — #3 globally
Harvard University — #5 globally
Massachusetts Institute of Technology (MIT) — #1 globally
University of Chicago — #13
University of Pennsylvania — #15
Cornell University — #16
University of California, Berkeley (UCB) — #17 (tied)
Yale University — #21
Johns Hopkins University — #24
Princeton University — #25 (tied)
Columbia University — #38 (tied)
Northwestern University — #42 (tied)
University of Michigan–Ann Arbor — #45
University of California, Los Angeles (UCLA) — #46
Carnegie Mellon University — #52
New York University (NYU) — #55
Duke University — #62
University of California, San Diego (UCSD) — #66
University of Texas at Austin — #68
Brown University — #69
University of Illinois at Urbana Champaign — #70
University of Washington — #81
Pennsylvania State University — #82
Boston University — #88 (tied)
Purdue University — #88 (tied)
University of Wisconsin–Madison
Georgia Institute of Technology (Georgia Tech)
University of Minnesota–Twin Cities
Washington University in St. Louis
University of North Carolina–Chapel Hill
University of California, Santa Barbara
Rice University
University of Virginia
University of Notre Dame
Georgetown University
University of California, Irvine
Michigan State University
University of Arizona
University of South California (USC)
frequently asked questions
How much student loan can I get for studying in the USA?
The amount of USA education loan you can get depends on a few things, like:
- The university you pick
- The course or program you’re signing up for
- Your co-applicant’s financial situation (if you have one)
- The value of any collateral you put up (if needed)
- The lender’s own rules
Usually, Indian banks can give you loans up to ₹1.5 crore. NBFCs and private lenders typically offer between ₹50 lakh and ₹1 crore for Indian students heading to the USA
As an Indian student, can I get a loan in the USA?
Yes, as an Indian student, you can totally get a student loan in the USA. You can apply to USA-based lenders, but you’ll need a co-signer who lives in the USA and has a solid credit history. Or, you can check out international loan providers like MPOWER Financing and Prodigy Finance. They give education loan for MS in the USA without asking for a co-signer or collateral.
How can I get a student loan in the USA?
To get an education loan for Indian students in the USA, try FDM Finance’s loan-bidding platform.
Here’s what you need to do:
- Enter your info, like your university, course, and financial details.
- Within 48 hours, a bunch of lenders (banks, NBFCs, and international ones too) send you loan offers tailored just for you.
- Check out the interest rates, repayment terms, and perks.
- Pick the one you like best and finish up with that lender.
FDM Finance helps you save time and find great loan options for your USA studies.
How much would a $30,000 student loan cost per month?
Your monthly payment for a $30,000 education loan in the USA for Indian students depends on the interest rate and repayment period.
If you go for a shorter time (like 5 years), your monthly cost will be higher. If you stretch it out (say 15-20 years), the monthly amount drops, but you’ll pay more interest overall.
How many years is a student loan?
How long you get to repay a student loan depends on who’s lending and what type of loan it is.
- Indian banks usually give you 10 to 15 years.
- NBFCs offer repayment periods of 10 to 12 years.
- American lenders might let you take anywhere from 5 to 20 years.