Students: How to Apply for an Education Loan via ApplyBoard
ApplyBoard is excited to offer educational loans to help select students finance their studies abroad. Our financial loan program assists students with essential travel and living expenses, including housing, utilities, food, and transportation. By securing an education loan through ApplyBoard, you can enhance your chances of obtaining a study permit and build a stronger credit score. Plus, you will benefit from personalized support from our dedicated Loan Officers and access to our team of study abroad experts.
About the Education Loan Program
Starting your journey with the ApplyBoard loan program is simple. Follow these steps to apply for an education loan:
Step 1. Complete the Online Application
First, fill out the online application form. You will need to provide basic information, such as your name, email, and nationality. If you already have an application on ApplyBoard, you can apply for a loan directly through the Applicant Requirements tab. Students from India can apply for loans for both undergraduate and postgraduate programs, while all other nationalities are eligible for loans only for postgraduate programs.
Step 2. Work with a Loan Officer
Once you submit your application, our loan officers will assess your eligibility and contact you for additional information. This may include your credit score, financial documents, and details about collateral, if needed. Our experts will determine the best financial institution for your loan application and submit it on your behalf.
Step 3. Confirm Your Banking Information
After your loan application is submitted, the institution will reach out to you for banking information and consent. Once verified, you can opt to add up to two co-signers if necessary.
Step 4. Pay the Processing Fee
Upon receiving bank approval, you will be informed about the processing fee. Prompt payment of this fee is essential for moving forward with your loan.
Step 5. Provide Additional Documents and Complete Agreements
After paying the processing fee, the bank will send you a sanction letter and agreement. Complete these documents and submit any remaining official documents. Once approved, the bank will prepare to disburse your funds.
Step 6. Disbursement of Funds
Finally, funds will be issued either directly to you or to the institution for necessary tuition payments. If the funds are sent to you, they will be placed in a secured bank account that only allows access for education-related expenses such as travel, living costs, and tuition.
Why Choose ApplyBoard for Your Education Loan?
Choosing ApplyBoard for your educational financing means you’re not only getting financial support, but you’re also gaining access to valuable study abroad resources and expert assistance. Our team is committed to helping you navigate the loan process smoothly, ensuring you have everything you need for a successful study abroad experience.
Need More Information?
If you want to learn more about our loan process, feel free to reach out to our specialized support team at loans.support@applyboard.com. You can also visit our Loan Services page for answers to frequently asked questions.
If you still can’t find the information you need, sign-up for an ApplyBoard account and don’t hesitate to connect with one of our agents through Live Chat.
At ApplyBoard, we are dedicated to making education accessible for everyone. We believe that financial challenges should not limit your potential. Partner with ApplyBoard today and discover how far your educational journey can go!