This article is for you if you require to STUDY ABROAD LOANS in Nigeria. As an international student, did you realize you may acquire a study loan? If you are unfamiliar with this, continue reading to learn how to proceed.
Get STUDY ABROAD LOANS in Nigeria
Table of Contents
What student Loan is all about
A student loan, which can cover up to the complete cost of your education less any financial aid received, is one option for overseas students to help them fund their education. In most cases, your school will need to certify the amount you need before the institution can proceed.
What Student Loans Pay For
International students may apply for a loan for up to the whole cost of attendance at their institution, as calculated by the school, less any financial aid received. Tuition, accommodation and board, educational expenses such as books and transportation, as well as living expenses, are all included in the overall cost of attendance. All of our foreign student loans have the following features:
- There is no need for collateral.
- Repayment arrangements that are flexible
- Online software application
How to Apply
The application procedure for overseas student loans is straightforward.
Examine your eligibility
Using the loan comparison tool on this page – just takes 10 seconds and will tell you if any companies will lend to a student in your situation.
Application
You can then proceed with your application if you are matched with a lender. Even if you are not a US citizen, the application process is quick. You must submit the relevant documentation and paperwork to the loan firm, which will decide whether or not you are authorized.
Documentation
These are the most typical documents required by your lender. Other documentation may be requested if necessary.
- Identification documentation
- Evidence of residency
- Academic achievements
- Valid passport and visa required
- Admissions documentation from your university
- Extracurricular certificates, if applicable
Approval:
When your application is conditionally granted, you will be informed of the interest rate (fixed or variable) and payback conditions. Your loan application will be authorized and funds will be disbursed if you agree to the terms. This typically takes 6 weeks.
Before making any selections, you should read the terms and conditions several times. It can be difficult to comprehend. If you have any reservations, get the advice of a professional before consenting to receive your payments.
Institutions that can assist you with Study Abroad Loans
1. FINANCE MPOWER
- Fixed-rate loans ranging from $2,001 to $100,000 in total.
- There is no need for collateral or a credit history.
- Only Canadian and American schools are accepted.
Website: mpowerfinancing.com
2. LEND WISELY student loans
- Loans ranging from £5,000 to £100,000
- Repayments are possible up to ten years after the completion of your study.
- There is no early repayment penalty.
Website: lendwise.com
3. STILT FINANCE
- A cosigner is not required.
- There are no prepayment penalties.
- Low-interest rate and flexible repayment schedule.
Website: stilt.com
4. PRODIGY FINANCE
- An interest rate that fluctuates
- There is no need for a co-signer, collateral, or credit history.
Website: prodigyfinance.com
5. FUTURE FINANCE
- Only UK schools are supported.
- Loans ranging from £2,000 to £40,000
- A guarantor is required.
Website: futurefinance.com
Global student loan cooperation, Access Bank student loan facility, Nomad credit, and Edfin microfinance are among the others.
With this, I believe you can start preparing yourself to start applying for study abroad loans in Nigeria. feel free to use the comment box for your questions, we do be glad to assist you.
