ROI depends greatly on the Federal Reserve Bank of USA. In the last 7 months, they have increased interest rates by 500 basis points (5%). In India, our Reserve Bank of India has increased the rates by 1.5% to 2% on both Collateral and Non-Collateral. Public Sector Banks Interest starts from 10.5% for USA and 11.25% for Non-USA for Collateral loans.

A-Khata, Land Conversion – Gazette Notification, Mother Deed, Title Deed, Latest Tax Paid Receipt, Latest Encumbrance Certificate (Land and Building Both) and Original Sale Deed is needed. Processing time typically takes 75 to 95 Working Days.

PSU bank appointed lawyer will collect documents from you, he will certify and he will ask a Property Valuer to estimate the value of the proposed collateral property. Post valuation, the file will go to regional managers and gets approved. All documents to be submitted physically and no digital acceptance.

Market Rate for Non-Collateral starts from 12% for USA and 13.25% for Non-USA. Only Students documents, Parents’ KYC documents, Income proof, residence proofs are required only in PDF format.

With LoanVidya (LVEE Fintech Private Limited), We Get 1% Discount on Loan for Students.

Physical copies are required only at the time of Disbursement. Students and Parents will walk into the Bank and sign the document. Banks will open International Bank account for fund transfer. Typically, within 11 to 14 working days, the Loan amount will be ready for transfer.

Also called the Moratorium Period. This depends on the course duration. For a 2-year course, it is 36 months and for 1 year course, it is 24 months. Even during this period, the Parent needs to pay Rs.5000/- towards monthly EMI during the moratorium period to keep the loan account active.

As per RBI Norms, both Lenders and LoanVidya, do not use your documents for any crossselling purpose. Every Year, 1.75 lakh students are taking non-Collateral loan for postGraduation, so far, no news has been in any media about any lender or any platform misusing the student data. This is a safe space to share your documents.

No, there is no need for any agreement execution. But a property with A or E Khata – fully completed building with Latest Tax Paid Receipt and Occupation Certificate is needed for field investigation purposes only.

Post Sanction, the co-applicant and the student should go to bank to sign the Loan Agreement book. Post Signature, they will assist student to open an International Bank Account with a suitable banking institution. The lender will then transfer funds for FOREX Conversion and the Converted amount would be available in your account.

No charges post 6 months. The Principle can be paid any number of times after the period and the lenders can be requested to reduce the TENURE of the loan accordingly for Loan Restructuring purpose.

Rs.5000/- per month for 36 months (For 2-year Course) and 24 months (For 1-year Course)

In a Collateral Loan, Yes, only to collect Original Sale deed from the BANK, if it has been pledged as collateral since the student would have become the Applicant.

For Non-Collateral – No – Loan closure letter would be sent through PDF to your registered email ID