Education Loans for USA Made Easy
Quickly find the best education loan options to finance your studies in USA

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.
World-class universities with globally recognized degrees and top-ranked institutions.
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 Education Loan Options for USA
When you plan to study in the USA, the right education loan for Indian students is important. GradRight can help you explore the best education loan options.
Education Loan for MS in the USA
Special loan plans with flexible terms for MS students in USA.
Education Loan for Indian Students in USA
USA education loans designed specifically for Indian students.
Collateral-Based Education Loan
Higher loan amounts with lower interest rates.
Unsecured Education Loan
No collateral required, faster approval process.
Bank Name
Loan Amount
Interest Rate
Processing Time
Processing Fee

Upto 1.5Cr
10.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1.25%

Upto 1.5Cr
10.5% - 13%
Secured: Upto 3 weeks Unsecured: Upto 1 week
0.75% - 1.25%

Upto 85L
11% - 12.75%
Upto 1 week
0.75% - 1.25%

Upto 1Cr
11.25% - 12.75%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1.25%

Upto 75L
11% - 12.75%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.85% - 1%

Upto 1Cr
10.75% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%

Upto 3Cr
9.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%

Upto 1Cr
9.5% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%

Upto 75L
11.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%

Upto 1.5Cr
9.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%

Upto 1.5Cr
8.25% - 11%
Secured: Up to 3 weeks Unsecured: Up to 2 weeks
Secured: Rs. 20,000 Unsecured: Rs. 10,000

Upto $220k
8.47% - 13.5%
Automated process
500 USD + 4%

Upto $100k
9.5% & 9.99%
Up to 1 week
1% + 2%

Upto $100k
10.5% - 12.75%
Up to 1 week
200 USD + 2%

Upto $100k
9.99% - 14.99%
Automated process
6.50%
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

- 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.
Education Loan Repayment Terms and Other Considerations
Interest Rates
Education loan interest rates for the USA vary based on the lender, collateral, and loan type. This affects the overall education loan repayment amount.
Moratorium Periods
The loan repayment for Indian students in the USA usually starts after a grace period. The moratorium period usually covers the course duration and 6/12 months after that.
Tax Benefits
Interest paid on an education loan to study in the USA qualifies for tax deduction under Section 80E of the IT Act.
Hear from Students Who Secured Their Loans through FundRight
200,000+
student assisted
₹16,300 crore
loan requests processed
₹2,000 crore
disbursed in loans
Get the best education loan with GradRight.
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 GradRight’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.
GradRight 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. Want a precise number? Check out GradRight’s education loan calculator.
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.
How do you compare education loans USA to find the best deal?
Use a comparison tool to enter your loan amount, tenure, and rate preferences. You’ll see multiple education loans USA offers side by side—Indian bank loans, US education loan options, and NBFC plans. Filter by lowest EMI, interest rate, or prepayment flexibility to pick the right one.
What special criteria apply to an education loan for a master's in USA?
For an education loan for a master’s in USA, lenders look at your admit letter, program duration, and fees. They often require a co-applicant with strong credit. Interest rates for a student loan for an MS in the USA can be slightly higher than undergraduate loans, so check each offer carefully.
What’s the difference between a student loan to study in the USA from an Indian bank versus a US private lender?
An education loan in USA from an Indian bank uses domestic benchmarks like MCLR and may require collateral. A student loan to study in USA from a US private lender ties rates to US indices and often needs a US-based co-signer. NBFC and international lenders blend both models, offering hybrid terms.