What you see above isn’t a one-off headline. Newspapers and digital tabloids are filled with stories like these.
The student, their study abroad destination, preferred course and university vary. But what remains constant is the fact that a hefty education financing leaves them struggling. Not just for a couple of years. But potentially for a lifetime.
For most Indian students, repaying education loans stretches across 10–15 years. This makes it a financial decision that shapes your life for decades.
That’s exactly why choosing the right student loan matters.
But it is easier said than done. When exploring student loans, Indian aspirants struggle with:
- Fluctuating interest rates
- Opaque processing and unexpected forex fees
- Balancing risks between collateral vs. no-collateral education loans
- Estimating true repayment burden post-moratorium
- Finding unbiased, expert student loan advice
But that doesn’t have to be the case with you. Instead of trusting Google, the latest know-it-all ChatGPT, or commission-driven advisors, you can borrow safer with:
GradRight’s Loan Matching Tool
The data-backed, transparent, and unbiased tool helps you compare education loans. But that’s not all. Its multilayered features make education loans safer (and more affordable!), not just easier.
Read on to discover how it works and why it may be the smartest way to borrow for your future.
What is the GradRight loan matching tool?
GradRight’s Loan Matching Tool is a platform that connects you with over 15+ Indian and international lenders. These recognized lenders actively bid on your profile to offer you the best possible student loans.
Here’s how it works:
Step 1: Visit GradRight.
Step 2: Create a profile by adding your academic and financial details – just once.
No need to submit the same documents and details again and again to get offers from multiple lenders
Step 3: All participating banks and NBFCs get access to your anonymous profile.
With full data security in place, you do not have to deal with spam calls/unwanted outreach from lenders.
Step 4: Each lender submits their best offer to win your education loan.
The new-age platform makes lenders compete to give you the lowest interest rate and most favorable terms.
Step 5: You see all the loan offers side by side, with detailed breakdowns.
Details like EMIs, moratoriums, processing fees, interest types, etc. are available upfront.
Step 6: YOU choose the education loan offer that’s right for you and get student loan approval within days.
No agent calls. No chasing lenders. No bias. Just your profile, your terms, and full control.
Also Read: Education Loan Eligibility Criteria For Indian Students
“Okay, the process is simple. But is it safe? Can I enter my personal and financial details on the platform? Are there any hidden fees or unforeseen terms that I should know?”
GradRight’s loan matching tool offers the safest way to borrow. In more ways than one. Read on to explore how.
How GradRight’s loan matching tool ensures safer borrowing
GradRight is designed with safety in mind. Safety for your data, your interests, and your future. Here is how GradRight’s threefold safety strategy ensures safer borrowing for you.
Your Data is Always Private and Protected
When you submit your details on GradRight, they are never sold, misused, or shared with third parties.
Lenders see your profile to make student loan offers, but only within the platform. We follow strict data privacy protocols, use SSL encryption, and never allow marketing misuse of your information. Your journey stays in your hands, and your personal information stays safe. Your documents are only shared with the lenders you choose. After you explicitly select them and give your consent for further processing.
Watch Sonika Rani, from the GradRight team, explain how the platform keeps your details safe:
Say Goodbye to High-Interest Rates and Hidden Fees
With GradRight lenders compete for your loan. This means they are motivated to give you the most student-friendly rates they can. Plus, you don’t just get one offer. You get multiple offers from national and international lenders.
Each offer comes with transparent breakdowns of the total cost of borrowing, EMI schedules, moratorium periods, and more. This helps you avoid unexpected charges or confusing fee structures.
So you choose what’s best – now and for your future.
We Work Only with Student-Focused Lenders
GradRight doesn’t allow every lender onto the platform. We vet them for student-first practices, fair loan conditions, and a proven track record. You won’t find lenders here with harsh penalty clauses, rigid repayment demands, or misleading promises. That means fewer unpleasant surprises later and a much smoother repayment experience.
Want to experience safe and smart study abroad loans? Get started with GradRight’s loan matching tool here.
How GradRight helps students make informed financial decisions
Getting multiple loan offers is just the beginning. What sets GradRight apart is how we help you understand and compare those offers. You don’t have to be a finance expert. We break things down for you in plain language. With GradRight, you have also have access to:
- Unbiased financial advisors who offer personalized guidance.
- Best student loan tools that show the real cost of each loan.
- A wide resource library full of guides, FAQs, and insights to help you navigate education financing confidently.
It’s not just about picking a loan. It’s about picking the right one – with your future in mind.
GradRight also helps find financial aid for students planning to study abroad. Check out the different types of scholarships available here.
The long-term benefits of using GradRight’s loan matching tool
At first glance, you may think saving interest isn’t a big deal. But when you’re borrowing ₹30 lakhs, even a small difference in the interest rate can mean saving lakhs over the full loan term.
See the screenshots below to understand the impact of a 1% difference in loan interest rate.
Option 1: ₹50,00,000 borrowed at 9.5% ROI for 10 years
Option 2: ₹50,00,000 borrowed at 8.5% ROI for 10 years
With just 1% increase in ROI, the EMI rises by ~₹3000 and the overall cost of education loan ~₹5,00,000.
You can check out the GradRight EMI calculator and other best student loan tools here.
With that, it is clear that lower interest means lower overall cost of the loan. Plus, reduced monthly EMIs, which make your financial life easier even after graduation.
More importantly, getting a student-friendly loan with flexible repayment terms and moratorium options gives you room to breathe during your studies and early career. When your loan is structured well and repaid on time, it also helps build a strong credit score. This further makes it easier to access housing loans, business loans, or credit cards later in life.
So, choosing a better loan today isn’t just about the impact it has now. It is a long-term investment in your financial health.
Also Read: Types of Education Loans to Study Abroad
Start your safer loan journey today
Don’t wait until your loan becomes a burden. Make sure you’re borrowing smartly from the very start. With GradRight’s Loan Matching Tool, you could save up to ₹23 lakhs over the loan lifecycle. Just by letting lenders bid and picking the best offer.
It only takes a few minutes to create your profile. The savings? They could last a lifetime.
FAQs
1. How does GradRight’s loan matching tool ensure safer borrowing for students?
GradRight’s loan matching tool ensures safer borrowing by:
- Follow strict data protection measures
- Ensuring competitive bidding that drives the interest rates down
- Onboarding vendors only after careful vetting
This combination reduces financial risks and improves long-term repayment outcomes.
2. What makes GradRight’s loan matching tool different from traditional loan options for students?
When going with traditional education loan options, Indian students had to:
- Visit different lenders one by one
- Submitting the same documents multiple times
- Struggling to understand varying loan terms.
GradRight simplifies this. The loan comparison tool lets multiple lenders bid on your profile. This means you only submit your details once to create your profile. Then 15+ lenders compete to offer you the best loan terms and you can send your details to lenders you actually want to go ahead with. This single platform ensures convenience, transparency, and unbiased comparisons, all in one place.
3. How does GradRight help students find the best interest rates for their loans?
With GradRight’s loan comparison tool, lenders bid on your profile. This healthy competition makes them present their best rates in order to get your business.
Also, you can compare all options side by side and thus, choose the lowest-cost loan confidently.
4. Can GradRight’s tool help me avoid hidden fees when taking out an education loan?
Yes. Each loan offer you get from the loan comparison tool includes a detailed cost breakdown. This covers:
- Processing charges
- Insurance costs
- Late fees
- Foreclosure charges
- Other charges (if any)
So you know exactly what you’re signing up for and can avoid unpleasant surprises later.
5. How do I know if I am borrowing from a trusted lender using GradRight’s tool?
GradRight only partners with regulated, credible lenders who pass our student-first criteria. Every lender on the platform is vetted for transparency, loan terms, and support. So you can trust the offers you see.
