New Anglia University is delighted to announce the availability of dedicated student loans for Indian students pursuing medical education. These loan options are designed to help cover both tuition fees and living expenses throughout the programme, offering greater financial flexibility for eligible applicants from India.
Key Features of the Loan Program
Loan Amount: No upper limit — funding can be tailored to student needs.
Disbursement: Tuition is paid directly to the university, while living expenses are paid to the student.
Interest Rate: Variable APR starting from 11.25%.
Origination Fee: 1.25%.
Repayment Terms: Up to 20 years with a grace period of up to 12 months after graduation before principal and interest payments begin.
Eligibility Criteria
Citizenship: Open to Indian citizens, residents, or Persons of Indian Origin (PIO).
Cosigner Requirement: A cosigner (typically a parent or guardian) with stable income is required.
What the Loan Can Cover
The university will certify a student’s Cost of Attendance (CoA), which may include:
Tuition fees
Hospital insurance and clinical rotation fees
Administrative and health insurance fees
Housing, food & utilities
Transportation
Books and academic fees
How to Apply
Eligible Indian students may apply for the loan after receiving official acceptance to New Anglia University. The Admissions Office assists with:
Preparing the certified Cost of Attendance (CoA)
Helping with documentation required by the lender
Applicants typically need to provide:
Proof of identification
Proof of address
Proof of income
The average processing time from application to loan disbursement is approximately 3 weeks, depending on how quickly all documentation is submitted.
For more details and eligibility guidance, visit Student Loans for Indian Students.