Funding → Indian Students
Student Loans for Indian Students
Student loans are available to students from India pursuing medical education at New Anglia University. These can be used to cover tuition fees and living expenses throughout the duration of the programme.
Loan Overview
Feature |
Details |
|---|---|
Loan Amount |
No upper limit |
Disbursement |
Tuition paid directly to NAU; living expenses paid to the student |
Interest Rate |
Variable APR: from 11.25% |
Origination Fee |
1.25% |
Repayment Plans & Loan Terms
- Term Options: Up to 20 years
- Grace Period: Up to 12 months after graduation
- Repayment Start: Principal and interest payments begin after the grace period
Eligibility & Credit Criteria
Requirements |
Details |
|---|---|
Citizenship |
Indian citizens or Indian residents or Persons of Indian Origin (PIO) |
Eligibility |
A cosigner (typically a parent or guardian) with stable income is required |
Loan Coverage: What Can Be Included
NAU will certify your Cost of Attendance (CoA), which may include:
- Tuition fees
- Hospital insurance fees
- Clinical rotation fees
- Administrative fees
- Health insurance fees
- Housing
- Food & utilities
- Transportation
- Books and academic fees
The certified CoA determines the maximum loan amount.
How to Apply
Eligible students may apply for the loan after they are officially accepted. NAU’s Admissions Office will support students by:
- Preparing the invoice that will reflect the full CoA
- Assisting with documentation required by the lender
The borrower will typically need:
- Proof of identification
- Proof of address
- Proof of income
Processing Timeline:
The average time from application to disbursement is approximately 3 weeks, depending on how quickly the borrower submits all required documentation.