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Education Loan
Eligibility
Process
Terms

Indian students aiming to pursue higher education abroad particularly at the master’s or postgraduate level can apply. Ideal candidates show strong academic potential, clear career direction, and commitment to their chosen field of study.

We collaborate with top financial institutions that fund a wide network of global universities and programs across the US, UK, Canada, Australia, and beyond. Once you apply, our advisors will evaluate your course and institution eligibility

Possibly. Lenders prioritize institutions based on accreditation and graduate outcomes. If your university isn’t listed, we can explore alternative options or request a custom review from our lending partners.

You may be eligible for up to 100% financing, covering tuition, housing, travel, health insurance, and academic-related expenses allowing you to focus fully on your studies without financial distraction.

No. Prosper Finance does not ask for any immovable collateral. Our decision is based on your potential, not on your (or your family’s) assets.

No. Prosper Overseas specializes in non-collateral (unsecured) loans. These are approved based on your academic merit, co-signer strength, and future earning potential no property or fixed assets required.

In most cases, yes. A co-signer typically a financially stable family member strengthens your application, especially for unsecured loans. Some partner lenders may waive this in special cases.

A co-signer is legally responsible for repaying the loan if the student is unable to. Their income stability and credit history directly affect loan approval and interest rates.

Yes. You can start with a pre-admission loan evaluation, which helps you understand your financial standing early. Full approval is issued once you receive and submit your admission letter.

Having a strong co-signer makes your loan application stronger. Prosper Overseas Finance recommends adding a co-signer for the purpose of contactability alone. We do not evaluate the co-signer in their ability to service the loan as the loan is sanctioned based on the student's merit and future potential.

Parents, siblings, or close relatives with steady income and solid credit history are typically accepted. In some cases, lenders may allow non-relatives based on financial stability and documentation.

Students planning to study internationally at undergraduate, postgraduate, or doctoral levels can apply. We collaborate with trusted financial partners to support promising students globally.

Your Prosper Overseas advisor can help verify eligibility. Our partners cover a wide array of globally ranked universities and in-demand programs.

No problem. If your institution is accredited, we’ll help initiate a custom evaluation for funding consideration.

Eligible students can receive funding that covers up to 100% of tuition, living expenses, and related costs, depending on their profile and destination.

Generally, no. We offer access to non-collateral education loans through our partner network—designed to support students on merit.

A co-signer (also called a financial guarantor) shares responsibility for the loan repayment. Most applicants will need one, especially for non-collateral loans.

A co-signer ensures repayment if the borrower is unable to pay. Their involvement can also help you secure better loan terms.

Typically, a parent, sibling, or close family member with a strong credit profile in India.

Your tuition fee will be transferred directly to the university through Flywire...

Yes. Pre-approval is available and recommended it gives you clarity on your financial readiness even before admission is confirmed.

Interest rates are calculated based on your academic profile, co-signer credentials, course ROI, and the lending partner's base rate. Fixed and variable rates are both available depending on your loan type.

Yes, most lenders include a one-time processing fee. Our team will ensure all charges are transparent upfront no hidden costs

Funds are typically transferred directly to the university in multiple installments, aligned with your tuition schedule. Living expenses may be disbursed to your local account as needed.

The Repayment period of the loan will be 15 years.

Repayment terms generally range from 7 to 15 years, depending on your lender and loan amount ensuring flexibility and affordability post-graduation.

Yes. Most loans include a grace period of 6–12 months after your course ends, allowing you time to secure employment before repayments begin.

Repayment typically begins after your grace period ends. However, partial payments like interest servicing or token EMIs may start while you're studying, depending on the loan structure.

No. Our lending partners do not charge prepayment penalties, so you can pay off your loan early without extra fees.

Yes, under Section 80E of the Income Tax Act, borrowers may be eligible for tax deductions on interest paid applicable for loans sanctioned by recognized financial institutions.

EMIs can be paid via auto-debit, UPI, net banking, or post-dated cheques. Your Prosper Overseas advisor will guide you through the setup process.