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Education Loan for Masters in USA Without Collateral Through GoStudy

Get an education loan for Masters in USA without Collateral Through GoStudy and accomplish your career goals with India’s leading education loan provider.

GoStudyLoans, India’s accredited education loan provider offers the best unsecured education loan for MS in USA without Collateral. With offices based in Chennai, Bangalore, Mumbai, Hyderabad, Trivandrum, you can now get an education loan for MS in USA without Collateral Through GoStudy. We boast of unparalleled expertise combined with the zeal to help you achieve your dreams of overseas education. GoStudyLoans consultants are always there for your assistance and offer the best guidance on abroad studies.

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Reasons to opt an education loan for Masters in USA Without Collateral through GoStudyLoans:

1

KYC Based Approval

GoStudy’s specially curated education loan products provide a sanction based on just your KYC!

2

Extensive University List

GoStudy’s extensive coverage of all the major universities in the USA make it the best choice for education loans!

3

Lowest Interest Rates

You get access to the lowest interest rates that are available in the market nowhere but at GoStudy!

4

Fastest Processing Time

Bypass the hassles of the long waiting times and get a loan in just 7 days through GoStudyLoans.

5

Expert Guidance

Our experienced loan officers at GoStudyLoans ensure that you get the best of everything with their one on one personalized services at the offering!

6

Collateral Free Loan

Worry not if you do not have a property to mortgage as GoStudyLoans offers a loan without collateral for your education in the USA!

7

Future Focused Loan Approvals

Your future & career prospects are the key deciding factors in your loan approval for your overseas educational aspirations.

8

Lowest Processing Fee

Handcrafted products at GoStudyLoans offer you with the lowest processing fee ever that you can imagine!

9

Flexible Repayment Options

Get access to the various repayment options that are available based on the tenure and your course of study with GoStudy!

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Education Loan Without Collateral for MS in USA Through GoStudy

We at GoStudyLoans have made it easier for you to get an education Loan for MS in USA without Collateral Through GoStudy and you would be satisfied with the terms and conditions for the same. All the information regarding the terms and conditions for the same is always kept open, and nothing is kept hidden from the students. So this means that we would not be charging any sort of hidden charges from our customers. And you need not worry about all the extra charges for the loan as all the information regarding the same has been provided to you beforehand. GoStudyLoans has been a major provider for education loans for a long time, which means that it would be easier for you to trust us and take an education loan for MS in USA without Collateral Through GoStudyLoans.

There are a number of facilities which we provide and these facilities would help you a lot to decide whether you have to take an education loan from us or not. It does not matter what type of student you are, if you have come to us for an education loan, we would be helping you to the utmost of your satisfaction. Since we have been providing these services for a long time, our main goal is to improvise ourselves and ensure that every child gets his or her dream education from the best colleges in the United States. We know that there are a lot of families who would not have enough assets to provide for collateral. Because of this reason, we have also started providing education loans for master's degrees without any collateral. Collaterals have been the main reason why most parents are unable to take forward an education loan for their children. And fortunately, we have solved this problem now, and parents can take quick education loans for their children.

Interest Rate For Education Loan For Masters In The USA Without Collateral through GoStudy

Let us now have a look at the interest rate which would be charged when you take an education loan from us. Here are some major details which should be known regarding the interest rate for an education loan in comparison to what is available in the market:

All of the rates which have been provided in the above table are as per the latest changes which we have already made to our memorandum. And if any changes are made to these rates, then it would be instantly informed to the ones who are filing for an education loan at that time. But you need not worry as our interest rate would be lesser than the other companies for sure. You can check with our GoStudyLoans Loan Consultants to know the exact rates that are applicable for your personal profile.

The interest rate through GoStudyLoans would be divided equally in the form of EMI, which would be paid by the parents or anyone else who is the co-applicant. It depends on the EMI period whether the rate of interest would be low or high. If the repayment period is high, then the interest on EMI would be high too. The rate of interest is dependent on the time of repayment, the overall loan taken & even the university of choice in circumstances.

Costs That Are Covered In Education loans for Masters in USA Without Collateral Through GoStudy

This would be the main question coming across the minds of the parents who are looking forward to taking an education loan for master's in USA without collateral through GoStudy. Most of the companies would not be providing abundant information regarding the costs which they cover in the education loans. During this time, most of the misunderstandings happen due to which the student’s future and that of the family is in jeopardy. But we would not be letting the same happen when you take an education loan from GoStudyLoans. Let us now have a look at the costs which we would be covering with the education loan. The basic costs which are applicable are the tuition fees and living expenses. GoStudyLoans provides you with education loans that cover both of these key expense parameters for your education.

Along with that, the other college expenses would also be covered to ensure that your education happens without any issues. You definitely cannot miss such an opportunity where you get a chance to study in the best colleges in the United States. We have set forward a minimum amount of loan sanction amount of 1,00,000 INR. You can check with our personalized consultants for more details regarding how you would be able to avail of a loan from us. We assure you that it will not take much time for your loan to be approved once all the information has been provided.

Along with that, there is another benefit that we would be providing to the ones who take an education loan from us. There is no margin amount that needs to be paid by the parents to take the loan. And this is the facility that most loan companies fail to provide to their customers. Due to this reason, we have always been among the list of top companies for providing education loan for Masters in USA without Collateral Through GoStudyLoans.

Education Loan for Masters in the USA Without Collateral Through GoStudy

For obtaining loans of more than 20 lacs and for studying abroad, GoStudyLoans partnered loan plans are excellent. However, for a secured loan, you must offer collateral. For students who desire to pursue their studies in India, an unsecured education loan through GoStudy is the best option. The education loan programme has four different institution lists for technical and non-technical courses, numbered AA, A, B, and C. The AA list covers the best colleges in India, including IIM, where loans up to 40 lacs are available, while the C list consists of 92 universities whose funding ranges from 7.5 lacs to 30 lacs. You do not require up to 4 lacs.

GoStudyLoans is primarily known for providing secured education loans, however their latest offering of an unsecured education loan through GoStudy is quite distinctive for covering your educational costs. This is not just limited to your education in India but extends to your overseas educational aspirations too, especially in the United States of America, Unsecured loans from GoStudyLoans are available without any type of collateral and are perfect for students who want to attend some of the top universities. Due to their nature, unsecured loans may need you to pay somewhat higher interest rates than secured school loans, but their all-encompassing structure, lengthy moratorium period, and simple repayment alternatives.

Government Banks tend to ask for a collateral for education loan sanction of over 7.5 Lacs. You may choose to take out loans for sums greater than 7.5 lacs which are available from private banks and NBFCs without collateral. A masters education loan without collateral through GoStudy requires a co-borrower to complete the application process, and a number of factors are taken into account. Before approving the loan, the co-borrowers' income and the borrower's projected income will both be examined. At the same time, the creditworthiness of both the borrower and co-borrower will be checked for deciding the loan approval.

Creditworthiness through a stringent credit score check is done prior to the loan approval, and it is relatively tough to qualify if you do not maintain a strong credit score of more than 750+. Below listed are some documents you need to submit to the bank to apply for an education loan for masters in the USA without collateral through GoStudyLoans:

• Unconditional/Firm/Confirmed Offer Letter
• Co-Applicant’s Income Proof
• PAN Card
• Academic Documents
• Other Relevant Academic Scores - GRE/GMAT
• IELTS/TOEFL/PTE/English Language Scorecard
• Valid Passport

Collateral for Education loan Through GoStudy

GoStudyLoans offers immense diversity & flexibility when it comes to their education loan offerings. We provide loans with collateral and without collateral also. This is because we want all the children to fulfill their dreams by getting into their dream colleges without suffering from financial problems. And this is also the reason why the rate of interest we provide on our education loans is way less than the other companies.

You would not be requiring any collateral for taking an education loan from us. There is just some important information that should be provided by your side so that the loan gets approved as soon as possible.

The list of accepted documents for education loan is mentioned below:

• Property Title Deed and Registered Sale Agreement
• Original Registration Receipt for the above-mentioned agreement
• Allotment Letter by Municipal Corporation/ Any Authorized Government body like MHADA, CIDCO, HUDA, JDA, GIDC ETC (if applicable)
• Encumbrance Certificate (EC) to be submitted for the previous 30 years. This collateral document is generally known as Link Document.
• Valid Copy of the municipality-approved building plan or plot layout.
• Latest property tax bill or Latest electricity bill bearing the same address.

However, as we also provide education loans with collateral, the following are accepted as the mortgage:

• A house, flat, or apartment is a private residential property that is free and clear of any debts.
• Other legally permitted residential property that is free of obligations and payments.
• Fixed Deposit through a registered NBFC or a nationalized bank with a letter of support from the institution's manager assigning it in favor of your masters in the USA.
• Certifications of Life Insurance Surrender Values equal to the amount necessary for sanction
• A legal non-agricultural land

List of Universities Accepting Education Loan for Masters in the USA through GoStudy

Now we will be having a look at the most important part that the students want to know before taking the education loan for a master's in the USA without collateral. And that is, to know about the list of universities which would be taking part in the same. It should be noted that we cover the top colleges in the United States of America to make it easier for you to get admission to their desired colleges. The list of colleges is as follows:

This is the list of universities that are being covered through the GoStudyLoans education loans. You can see in the list that we would be providing a chance to students so that they can study at the top colleges in the United States of America with a lot more ease.

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Co-Applicant requirements Through GoStudyLoans Education Loans for Masters in The USA

A co-applicant is compulsorily required to ensure that your loan gets approved and you are able to know about the loan eligibility, which has been fulfilled through the same. Many people would not know about the same so let us tell you about it. A Co-Applicant should be a family person of the student, and the earnings of the co-applicant would be taken to check for the loan eligibility criteria. The family members who are accepted as the co-applicants are as follows:

• Father-in-law
• Mother-in-law
• Sister-in-law
• Brother-in-law
• Maternal or Paternal Uncle or Aunt
• Grandparents
• First Cousins

Eligibility Criteria for Education Loan For Masters in USA Without Collateral Through GoStudy

One of the most important things which should be known by the parents and children before taking an education loan for master's in USA without collateral through GoStudy. And that is about the eligibility criteria, which should be followed to ensure that the loan is approved as soon as possible. You should check that all of the required eligibilities are met, and you would be having no issues while taking a loan from us. The eligibility criteria are as follows:

• Students should be a citizen of India having an age less than 18 years.
• A Co-applicant should be required as he or she would be helping to figure out the loan amount for which the candidate is eligible. The co-applicant should also be a family member of the student.
• The Minimum CIBIL score should be secured by the co-applicant so that they are able to take the loan with ease. The requirement for the Minimum CIBIL score is 650. If this is fulfilled along with the above requirements, then the loan will be approved.

Documents Required An Education Loan For Masters In USA Without Collateral Through GoStudy

Let us now have a look at the list of documents that are required for the loan process:

• KYC of student
• Educational Documents of the student
• Course Details & Fee Structure of the University of choice
• Unconditional/Firm/Confirmed Offer Letter
• Co-Applicant's KYC
• Co-Applicant's Proof of Income
• Income Tax Returns of Student - 3 Years (If Applicable)
• Income Tax Returns of Co-Applicant - 3 Years
• Proof of Birth Documents
• Proof of Relationship with Co-Applicant
• Bank Statement for Months of Co-Applicant
• Collateral Documents

These documents would help you to approve the loan real quick, and all of the information should be provided, and these details would be kept confidential.

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Procedures and Processes For An Education Loan For Masters in USA Without Collateral Through GoStudy

We have been helping lakhs of students every year for a very long time to ensure that they are able to take education loans without collateral. Let us now discuss the application process which should be followed by the students for loan approval.

• The students must first reach the nearest branch of GoStudyLoans or have a telephonic conversation to discuss the requirements. All the information regarding the loan amount, documents required, and other things would be informed to them.
• Once all the information has been provided, we would be verifying the details as soon as possible to go on with the remaining process of the loan. Then we would be informed about the documents which need to be submitted for the same.
• The students would then have to pay a loan processing fee which is a few percent of the total loan amount. This fee would help us to process the loan amount real quick. And at the time of disbursement, these fees would be deducted from the same.
• When the students have submitted all the required things, the processing time for the education loan will take as low as 7-10 days, and the students will be updated all the time regarding the process of their loan approval.

Loan Sanction & Disbursement For An Education Loan For Masters in USA Without Collateral Through GoStudy

We would be providing a sanction letter which would have all the important information regarding the education loan for Masters in USA without Collateral Through GoStudy which you have taken from the lender. This letter means that the loan has been approved from our side and should be approved by the student's side, too, so that the remaining process continues. This letter needs to be a full sanction letter and not an in-principle or an approval in principle sanction letter.

Once this has been approved by both parties, then we will go on with the disbursement. When the disbursement gets completed, the funds will be transferred to you or your co-applicant’ account in Indian Rupees. And the tuition fees would be directly paid to the college or disbursed to the account, whatever stands valid as per your discussion with the provider. It should be known that disbursement can be either made in full or in parts.

Moratorium Period for Education Loan for Masters in the USA Without Collateral through GoStudy

Education loan for masters in the USA without security through GoStudy offers the best moratorium period, which starts from 6-12 months after your education starts or even after the procurement of an employment which extends beyond that depending on the terms agreed upon. Only a nominal interest is required to be paid to the bank after six months of the loan. With the help of experts from GoStudyLoans, you can avail of the least interest rates during the moratorium period. Be sure to check with them on the best possible options for your education loan for the USA.

Loan Repayment of Education loans for Masters in the USA Through GoStudy

Let us now talk about the loan repayment process. It is in the hands of the children to decide about the loan repayment period. We have different categories of repayments based on the product that you choose. The types of loan repayment are as follows:

• Partial Simple Interest
• Simple Interest
• EMI
• A Full Moratorium Period

EMI Exemption For Education Loan For Masters in USA Without Collateral Under Section 80E Of IT Act Through GoStudy

Section 80E of the IT act has made it easier for the parents to repay the loan. The total amount of EMI can be subtracted for the fiscal year. You would be eligible for the tax benefit. This helps you to ease the burden of the payments as you will be getting the returns. There are several terms and conditions that are applicable. It can be the co-applicant of the loan or even the student depending on verifying factors which you can discuss with your GoStudyLoans Consultants in detail.

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