Loans without Cosigner

Eligibility:
International Education Loan Inc. also helps the students to avail loans without cosigner for few select Universities/Colleges to cover up the cost of education and the living cost. Only US Citizens are eligible for this loan, who have an excellent credit rating. Other International Students are not eligible for Loans without Cosigner option. Please click here if you are not a US Citizen and want to apply for loans with a US Cosigner.

Loan Amount:
Minimum: US $1000
Maximum: US $35000

Repayment/ Deferment:

Option 1—Immediate Repayment
You begin making payments of principal and interest 45 days after the disbursement of your loan.

Option 2—Interest Only Repayment
You begin making interest-only payments 45 days after the disbursement of your loan. Principal and interest payments then begin 45 days after graduation.

Option 3—Deferred Principal and Interest Repayment
You defer payment of principal and interest for up to four consecutive years while enrolled in school/ College. Your first principal and interest payments become due 6 months after you graduate. Any unpaid interest accrued during this period will be capitalized before you commence repayment.

Repayment terms vary between 10 and 25 years, depending on the cumulative amount borrowed; minimum monthly payment allowed is $50.00. There are no penalties for early repayment.

Please read FAQs for more details.

Repayment Period:
10 to 15 Years

To apply for loan without cosigner Click Here