NBFC Education Loan for Abroad Studies With Wecare Capital.

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NBFCs are companies engaged in lending business and accepting deposits from customers under the RBI license. Usually, NBFCs are into Housing Loans, Loan Against Property, Business Loans, Education Loans, and Personal loans, and some specific NBFCs deal in Rural Infrastructure or Agribusinesses also.

Non-banking financial companies (NBFCs) offer most sorts of banking services, such as credit facilities to Individuals, Business houses, Hospitals, and Educational Institutes for various purpuse. Education loans for higher studies in India and USA, UK, Canada, Australia, Europe or Asia as well, Education Infrastructure Funding to Schools and Colleges, Unsecured Business loans, Secured business loans ( LAP ), Personal Loans, and various other types of loans.

Wecare Capital: a digital platform for students seeking Education Loans for Abroad study.

Wecare Capital is a digital platform that helps students seeking education loans for abroad study. It is a fintech company that partners with government banks, private banks, and NBFCs to provide students with a wide range of loan options. Wecare Capital offers a variety of benefits.,

LOAN COUNSELING: – Wecare Capital’s loan counselors can help students understand their loan options and choose the best loan for their needs.

LOAN DOCUMENTATION ASSISTANCE: Wecare Capital can help students with the loan documentation process, ensuring that their application is complete and accurate.

DISBURSEMENT ASSISTANCE: Wecare Capital can help students with the loan disbursement process, ensuring that they receive their loan funds on time.

Wecare Capital is a trusted partner for students seeking education loans for Abroad study, with its competitive deals for you on interest rates, minimal paperwork, flexible repayment options, and a comprehensive range of services. Wecare Capital makes it easy for students to get the funding they need to pursue their education Abroad.

NBFCs (Non-Banking Financial Companies) offer a variety of education loan products with a number of benefits, including:

Flexible eligibility criteria: NBFCs may have more relaxed eligibility criteria than banks, making them a good option for students who do not meet the traditional requirements. This can include students with no collateral, or who are pursuing non-traditional courses of study, and lower credit scores for genuine reasons.

Faster loan processing: NBFCs often have a faster loan processing time than banks, which can be helpful for students who need to secure funding quickly.

Higher loan amounts: NBFCs may be willing to offer higher loan amounts than other financial institutions. This can be especially beneficial for students who are planning to study abroad or pursue expensive programs.

Unsecured loans: NBFCs may offer unsecured education loans, which means that the student does not need to provide collateral. This can be a good option for students who do not have any assets to pledge as security.

Flexible repayment options: NBFCs may offer a variety of flexible repayment options, such as minimum partial interest payment during study periods, EMIs, or moratorium periods. This can help students to manage their loan payments more easily after course completion.

other features and services with their education loan products, such as:

Pre-visa or pre-admission loan sanctions: This can help students get additional general benefits, NBFCs may also offer a variety of options to secure their visa and enroll in their desired program without having to worry about their funding.

Fast-track loans: This can be a good option for students who need to secure funding quickly for an upcoming semester or program.

Top_up Loans: NBFCs review positively the enhanced financial needs to complete the current course.

GRE score-based loans: This can be a good option for students with high GRE scores but may not have collateral or have some justifiable issues with credit scores or a weak financial co-applicant.

Documents required for applying for an education loan for Abroad study from NBFC bank.

KYC documents: PAN card, passport, driver’s license, or voter ID card (for the applicant and co-applicant) and Latest Electricity bill of own house

Education loan application form.

Past academic record: Marksheets and certificates from previous academic institutions.

Entrance exam results: GRE, GMAT, TOEFL, IELTS, etc. (if applicable).

Proof of admission: Admission letter from a foreign university or college.

Statement of expenses: A detailed breakdown of all anticipated expenses for the duration of the study program.

Passport-size photographs.

Financial documents of the co-applicant: Bank statements, income tax returns, salary slips, etc.

Collateral documents (if required): Property title deed with complete chain, building approved plan, NOC for mortgage.

 Wecare Capital  with Avanse

Wecare Capital is a new-age digital platform that provides a variety of financial services, including education loans, international travel and health insurance, foreign remittances, and other loan products. Wecare Capital has partnered with Avanse Financial Services, a non-banking financial company (NBFC) that specializes in education financing, to provide education loans to students seeking admission to universities around the world.

Students can apply for an education loan through Wecare Capital’s website or mobile app. The loan application process is simple and straightforward, and students can get a decision on their loan application within a few days. Wecare Capital facilitates education loans for up to 100% of the cost of education, including tuition fees, living expenses, and other expenses. Loans through us also offers flexible repayment options and competitive interest rates.

Wecare Capital’s assocition with Avanse Financial Services gives students access to a wide range of education loan products and services. Avanse Financial Services is a leading education finance provider with a strong track record of helping students achieve their academic goals. The company has a wide network of partner universities and colleges around the world, and it offers a variety of loan products to meet the needs of students from all walks of life.

Here are some of the benefits of applying for an education loan through Wecare Capital with Avanse:

  • Simple and straightforward loan application process
  • Quick loan processing time
  • Competitive interest rates
  • Flexible repayment options
  • Up to 100% financing of the cost of education
  • Access to a wide range of education loan products and services

If you are a student seeking admission to a university abroad, you can consider applying for an education loan through Wecare Capital with Avanse. The company offers a variety of loan products and services to meet the needs of students from all walks of life.

Info TypeAvanseWith Wecare Capital
Processing Time.15 days5 working days
Interest Rate:12 to 1311.25 to 12.5
Total Loan Tenure:1010
Processing Fees:1.5% + GST0.75% to 1%+GST

Wecare Capital with Auxilo

Wecare Capital is an education loan facilitator that has partnered with Auxilo Finserve Pvt Ltd, a non-banking financial company (NBFC), to offer education loans to students in India. This partnership allows Wecare Capital to offer its customers a wider range of loan products and services, as well as access to Auxilo’s expertise in the field of education finance.

Some of the benefits of taking an abroad education loan through Wecare Capital include:

  • No collateral required: Wecare Capital and Auxilo offer unsecured education loans, which means that students do not need to pledge any collateral to get a loan. This is a major benefit for students who do not have any assets to offer as collateral.
  • Flexible repayment options: Wecare Capital and Auxilo offer flexible repayment terms, so students can choose a repayment plan that suits their financial situation. Repayment periods can range from 10 to 15 years, and students may also be able to take a moratorium on repayments while they are studying.
  • Quick loan processing: Wecare Capital and Auxilo typically have a faster loan processing time than banks. This is because they have fewer regulatory requirements to comply with.
  • Higher loan amounts: Wecare Capital and Auxilo may be willing to offer higher loan amounts than banks, especially if the student has a good credit score and a strong academic record.
  • Wider range of courses covered: Wecare Capital and Auxilo may be more willing to offer loans for a wider range of courses than banks. This includes courses that are not typically covered by bank loans, such as vocational courses and short-term courses.

In addition to these general benefits, Wecare Capital and Auxilo also offer some specific features and benefits for abroad education loans. For example, they offer pre-approval of loans, which can be helpful in securing admission to the student’s desired university. They also offer loans for specific expenses, such as travel costs and living expenses.

Overall, Wecare Capital’s partnership with Auxilo offers students a number of benefits when it comes to taking an abroad education loan. These benefits include no collateral requirement, flexible repayment options, quick loan processing, higher loan amounts, and a wider range of courses covered.

If you are a student who is considering taking an abroad education loan, “recommend that you compare different lenders before choosing one”. This will help you to get the best possible interest rates and terms and conditions.

Info TypeAuxiloWith Wecare Capital
Processing Time.15 days5 working days
Interest Rate:12 to 1311 to 12.5
Total Loan Tenure:1010
Processing Fees:1.5% + GST0.75% to 1%+GST

Wecare Capital with InCred

Wecare Capital’s partnership with InCred is a significant development in the Indian education loan market. InCred is a good NBFC with a strong track record of providing innovative and affordable financial solutions. Wecare Capital’s expertise in the education loan market and its focus on personalized service will complement InCred’s strengths.

This partnership is expected to benefit students in a number of ways:

  • Increased access to education loans: Students will have access to a wider range of education loan products and services, making it easier for them to find the right loan for their needs.
  • Competitive interest rates: Wecare Capital and InCred are committed to offering students competitive interest rates on their education loans.
  • Faster loan processing: The loan application process is expected to be faster and more efficient, thanks to the partnership between Wecare Capital and InCred.
  • Improved customer service: Students will benefit from the combined expertise and experience of Wecare Capital and InCred in providing customer service.

Overall, Wecare Capital’s association with InCred is a positive development for students and the Indian education loan market. It is expected to make education loans more accessible, affordable, and convenient for students.

Here are some specific examples of how students can benefit from Wecare Capital’s partnership with InCred:

  • A student with a low credit score ( genuine reasons ) or no collateral may be able to obtain an education loan through Wecare Capital From InCred.
  • A student who is applying to multiple universities can use the same loan application form to apply for an education loan from Wecare Capital and InCred.
  • A student who is studying abroad can get help from Wecare Capital and InCred with remitting their tuition fees and other expenses.

Overall, Wecare Capital’s partnership with InCred is a valuable resource for students who need to finance their education.

Info TypeInCredWith Wecare Capital
Processing Time.15 days5 working days
Interest Rate:12 to 13%11 to 12.5%
Total Loan Tenure:1010
Processing Fees:1.5% + GST0.75% to 1%+GST

Wecare Capital with MPOWER

MPOWER Financing is a NBFC lender that provides education loans to international students from across the world. MPOWER does not require a cosigner or collateral, and it offers competitive interest rates and repayment terms.

Wecare Capital’s tie-up with MPOWER gives students access to a wider range of education loan options, and it makes it easier for international students to secure funding for their overseas education.

Here are some of the benefits of choosing Wecare Capital for your education loan with MPOWER:

  • No cosigner or collateral required
  • Competitive interest rates and repayment terms
  • Quick and easy application process
  • Expert guidance and support throughout the loan process
  • Access to a variety of other value-added services, such as free education counselling, international health and travel insurance, and foreign remittance services

If you are a student who is planning to study abroad, you can contact Wecare Capital to learn more about their education loan options with MPOWER. You can also visit their website or call their customer service number to get started.

Here are some of the steps involved in applying for an education loan with Wecare Capital and MPOWER:

  1. Visit the Wecare Capital website and complete the online application form.
  2. Provide your personal and academic information, as well as information about your desired loan amount and repayment terms.
  3. Submit your application and supporting documentation.
  4. Wecare Capital will review your application and contact you to discuss your loan options.
  5. Once you have selected a loan option, Wecare Capital will help you complete the MPOWER loan application process.
  6. Once your loan application is approved, Wecare Capital will work with MPOWER to disburse your loan funds.

Click on the below-given URL and apply for an education loan without a co-signer –

Wecare Capital and MPOWER are committed to helping students achieve their educational goals. With their competitive interest rates, flexible repayment options, and expert guidance, Wecare Capital and MPOWER can make it easier for you to finance your overseas education.

Info TypeMPOWERWith Wecare Capital
Processing Time.15 days7 working days
Interest Rate:13 to 14%13 to 13.5%
Total Loan Tenure:1010
Processing Fees:4-5% + GSTMin possible

Wecare Capital with HDFC Credila

Wecare Capital is a non-banking financial company (NBFC) that offers education loans for abroad study in association with Credila, Credila is one of the largest education loan providers in India.

Features and benefits of Wecare Capital’s education loans for abroad study:

Loan amount: Up to 100% of the cost of education, including tuition fees, living expenses, travel expenses, and other expenses incurred during the course of study.

Interest rates: Competitive interest rates linked to Credila’s Benchmark Lending Rate.

Repayment tenure: Up to 14 years, including a moratorium period of up to 6 months after the completion of the course.

Collateral: Credila has wide reange of unsecured education loans for all major destinations i.e. USA, UK, Canada, Australia, Eurpoe and Domestic courses.

Processing time: Quick processing time of 5-7 days.

Eligibility criteria

Indian citizen between the ages of 18 and 35 years.

Secured admission in a recognized university/college abroad.

Good academic track record.

Co-borrower (parent/guardian) with a good credit score and income.

Documents required to apply for education loan for abroad study:

Completed loan application form.

KYC documents of the applicant and co-borrower (PAN card, Aadhaar card, passport, etc.).

Academic documents of the applicant (mark sheets, certificates, etc.).

Offer letter from the university/college abroad.

Estimated cost of education.

Income proof of the co-borrower (salary slips, tax returns, etc.).

Collateral security documents (if applicable).

To apply for a education loan through Wecare Capital  for abroad study our website fill the requirement form or simply call us at given contact numbers at Website.

Info TypeHDFC CredilaWith Wecare Capital
Processing Time.22 days5 working days
Interest Rate:12 to 13%11 to 12%
Total Loan Tenure:1010
Processing Fees:1.5% + GST0.75% to 1%+GST

FAQ’S

What is the interest rate on an education loan from an NBFC for abroad studies?

The interest rate on an education loan from an NBFC for abroad studies varies from lender to lender. However, most NBFCs offer interest rates between 11% and 14%.

What is the processing fee for an education loan from an NBFC for abroad studies?

The processing fee for an education loan from an NBFC for abroad studies is typically between 1% and 2% of the loan amount.

What are the repayment term for an education loan from an NBFC for abroad studies?

The repayment terms for an education loan from an NBFC for abroad studies vary from lender to lender. However, most NBFCs offer repayment terms of 10 to 15 years.

Is a co-applicant required for an education loan from an NBFC for abroad studies?

A co-applicant is required for most of NBFC loans for abroad studies.

What are the benefits of taking an education loan from an NBFC for abroad studies?

There are several benefits of taking an education loan from an NBFC for abroad studies, including:

Quick and easy processing: NBFCs typically have a faster and easier loan processing process than banks.

Flexible repayment terms: NBFCs offer flexible repayment terms, which can be helpful if you are planning to work abroad after your studies.

No collateral required: Some NBFCs offer education loans without collateral, which can be helpful for students who do not have any assets to pledge.

Processing fees: NBFCs charge processing fees for education loans, which can increase the overall cost of your loan.

What are the eligibility criteria for an education loan from an NBFC for abroad studies?

The eligibility criteria for an education loan from an NBFC for abroad studies vary from lender to lender. However, most NBFCs require applicants to meet the following criteria:

 Be an Indian citizen

Have a good academic record

 Have secured admission to a recognized university or college abroad

Have decent score in pre-requisite exams such as IELTS, TOEFL, and GRE

What is the interest rate on an education loan from an NBFC for abroad studies?

The interest rate on an education loan from an NBFC for abroad studies varies from lender to lender. However, most NBFCs offer interest rates between 11% and 14%.

What is the processing fee for an education loan from an NBFC for abroad studies?

The processing fee for an education loan from an NBFC for abroad studies is typically between 1% and 2% of the loan amount + GST.

What are the repayment terms for an education loan from an NBFC for abroad studies?

The repayment terms for an education loan from an NBFC for abroad studies vary from lender to lender. However, most NBFCs offer repayment terms of 10 to 15 years.

Is a co-applicant required for an education loan from an NBFC for abroad studies?

A co-applicant is not required for all NBFC loans for abroad studies. However, some NBFCs may require a co-applicant, especially if you are a first-time borrower or if you have a low credit score.

What are the benefits of taking an education loan from an NBFC for abroad studies?

There are several benefits of taking an education loan from an NBFC for abroad studies, including:

Quick and easy processing: NBFCs typically have a faster and easier loan processing process than banks.

Flexible repayment terms: NBFCs offer flexible repayment terms, which can be helpful if you are planning to work abroad after your studies.

No collateral required:  NBFCs offer education loans with or without collateral, which can be helpful for students who do not have any assets to pledge.

CONCLUSION:

Overall, NBFCs With Wecare Capital can be a good option for students who need an education loan for abroad studies quickly and easily. However, it is important to understand interest rates and repayment terms from different counselors before you apply.

NOTE

**Aspirants are advised to decide on a detailed study keeping in mind all the aspects i.e. Cost of education, Work opportunities, Geographical Preference, and personal liking and disliking**

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