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Education Loan for USA: Costs, Visa & Lenders | EasyShiksha
UniCredsEasyShiksha × UniCreds education loans

Education loan for USA USA flag

Get matched with lenders that fund students heading to the USA, plus a sanction letter you can use for your visa. Free help from UniCreds loan experts.

  • From 8.33% p.a.*
  • Sanction in 48 hours*
  • No-collateral options
  • Save up to ₹15 lakh*

20,000+ students have funded their studies with UniCreds

100% free

Check your USA loan eligibility

Takes 30 seconds. A loan expert calls you back.

Private & secure No fee, ever Call back in 1 working day
Loans from 20+ lenders
ICICI Bank
Axis Bank
IDFC FIRST Bank
YES Bank
Union Bank of India
Punjab National Bank
Credila
Avanse
Avanse Global
InCred
Auxilo
Tata Capital
Poonawalla Fincorp
Edgro
FinZ
Prodigy Finance
MPOWER Financing

Your USA education loan, explained

STEM programmes in the USA are the most common reason Indian students take collateral-free loans, because many lenders view graduates of these courses as low-risk.

When to apply

USA has intakes in Fall (Aug–Sep), Spring (Jan) and a smaller Summer intake (May). Start your loan as soon as you have your admit, so the sanction letter is ready before your visa appointment.

Showing funds for your visa

An I-20 from your university and proof of funds for the first year are needed for the F-1 visa. A sanction letter from your lender is commonly used as that proof.

What lenders look at

Your university and course, your grades and test scores, and your co-applicant’s income and credit score. Popular courses funded for the USA include MS in Computer Science, Data Science, Engineering Management, MBA, Business Analytics.

Up to100%fundable*

Studying in USA

Indicative yearly costs for Indian students

Tuition (Master’s)
US$20,000 – 55,000 per year
Living expenses
US$12,000 – 20,000 per year
Students usually borrow
₹30 – 80 Lakh

Costs vary by university, city and course.

Choose from leading lenders

Banks, NBFCs and international lenders, with secured and collateral-free loans. Tap a lender to see its rates, limits and eligibility.

ICICI BankFrom 10%* Axis BankFrom 9.5%* IDFC FIRST BankFrom 9%* YES BankFrom 11%* Union Bank of IndiaFrom 9.30%* Punjab National BankFrom 9.25%* CredilaFrom 9.95%* AvanseFrom 10.75%* Avanse GlobalFrom 10%* InCredFrom 11.4%* AuxiloFrom 11.25%* Tata CapitalFrom 11%* Poonawalla FincorpFrom 10%* EdgroFrom 11.5%* FinZFrom 10.75%* Prodigy Finance MPOWER FinancingFrom 12.99%*

*Starting rates as published by UniCreds. Your rate depends on your profile, course and lender. Compare all lenders

Form to funding in 5 steps

100% digital, with a real person helping you the whole way.

  1. Share your plans

    Where, what and when you want to study, and how much you need.

  2. Chat with an expert

    A UniCreds specialist calls and explains your options.

  3. Upload documents

    All online from home. No branch visits.

  4. Get the best rate

    Your expert negotiates with lenders for you.

  5. Get sanctioned

    Sanction letter in as little as 48 hours*.

USA education loan FAQs

Can I get an education loan for the USA without collateral?

Yes. Several NBFCs and international lenders offer unsecured loans for the USA, typically up to around ₹45 Lakh, depending on your university, course and co-applicant profile.

Will the loan sanction letter work as proof of funds for my F-1 visa?

In most cases a sanction letter from a recognised lender is accepted as proof of funds. Check your university’s I-20 requirements for the exact format.

Does the loan cover living expenses in the USA?

Most lenders cover tuition plus living costs, travel, health insurance and a laptop, up to the sanctioned limit.

When should I apply for a USA education loan?

Start as soon as you have an admit, ideally 2–3 months before your visa appointment, so the sanction letter is ready in time.

Compare other countries

Costs, intakes and visa money rules change by country. Pick yours for a quick guide.

Ready for USA? Let's get you funded.

Check your eligibility in 30 seconds. A loan expert calls you back within one working day.

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*Interest rates, sanction times, savings, loan amounts, fees and other terms are indicative, as published by UniCreds, and depend on the lender and on the student's and co-applicant's profile, course and country. Education loans are provided by banks and NBFCs through UniCreds Private Limited. EasyShiksha (EdSpectra Global Private Limited) refers students to UniCreds and does not lend money or guarantee any loan. Lender names and logos belong to their owners. Cost figures are approximate.

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