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Earnest Education Loan for Indian Citizens

Pursue your US degree with Earnest’s no-fee loans, offering APRs from 5.99% and up to 100% cost of attendance coverage.

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Overview

Earnest offers flexible, no-fee education loans for Indian international students pursuing degrees in the USA. Covering up to 100% of the cost of attendance with APRs starting at 5.99%, Earnest provides customizable repayment terms and a 9-month grace period.

Key Features & Benefits

  • ✔Loan Amount: Up to 100% COA, max $250,000.
  • ✔Grace Period: 9 months post-graduation.
  • ✔Repayment Tenure: 5–15 years, customizable.
  • ✔APRs: 5.99%–16.59% (fixed), 6.99%–18.00% (variable).
  • ✔No Fees: No origination, prepayment, or late fees.
  • ✔Flexible Payments: Interest-only, $25/month, or deferred.
  • ✔Credit Building: Builds US credit history.
  • ✔Rate Match: Matches competitor rates + $100 gift card.

Eligibility Criteria

Student:

  • •Indian citizen studying in the USA.
  • •Enrolled half-time in a Title IV, 4-year institution.
  • •Physical US address (not PO box).
  • •SSN/ITIN or Earnest placeholder.

Co-signer (Mandatory):

  • •US citizen or permanent resident.
  • •Credit score ≥ 650, ≥ 3 years credit history.
  • •Annual income ≥ $35,000.

Documents Required

Student:

  • •Passport, US visa, SSN/ITIN (or placeholder).
  • •Proof of US address (utility bill, lease).
  • •Admission letter, cost of attendance document.
  • •Academic transcripts, GRE/TOEFL/IELTS scores.
  • •Financial proof (bank statements, scholarships).

Co-signer:

  • •US driver’s license or passport.
  • •Proof of US address.
  • •Income proof (pay stubs, tax returns).
  • •SSN, credit report authorization.

Interest Rates & Charges

Earnest offers competitive fixed and variable APRs with no fees and a 0.25% autopay discount, ensuring cost-effective financing.

Loan Type APR (p.a.)* Fees Collateral
Fixed Rate (Undergraduate/Graduate) 5.99%–16.59% None Not required
Variable Rate (Undergraduate/Graduate) 6.99%–18.00% None Not required

*APRs include 0.25% autopay discount. Rates vary based on credit and market conditions. Contact Earnest for personalized rates.

Application Process

  1. Submit Inquiry: Fill out our quick online form.
  2. Expert Guidance: Connect with our loan advisor for Earnest options.
  3. Document Prep: Gather documents with our assistance.
  4. Application: Apply online via Earnest’s website.
  5. Disbursal: Funds released to school within 5–10 days post-approval.

Frequently Asked Questions