Leap Finance - Study Abroad Education Loan
Leap Finance is a financial platform that offers student loans and other financial services to students pursuing higher education, particularly for studying abroad. It helps students with affordable loans and financial planning for their education.
Table of Contents
The company's primary objective is to offer Education loan to young Indians who desire to study abroad in the United States and Canada.
Many young Indian students have come to trust Leap Finance due of its lax documentation requirements, reasonable loan rates, and expert counselling.
Completely online and taking no longer than 10 minutes, the application. Students can apply online from the convenience of their homes and get a sanction letter.
Leap Finance Education Loan Features
The various features of Leap Finance Education are mentioned below:
Category | Details |
Loan amount |
|
Tenure of loan | 10 years |
Processing fee | 1.5% to 2.0% |
Processing time | Up to 3 working days |
Margin Money | Nil |
Leap Finance Education Loan Benefits
The various benefits of Leap Finance Education Loan are mentioned below:
- Swift Application Process: Leap Finance offers its applicants a quick online application process that requires few papers. Students can more easily save time and effort when applying for a student loan as a result.
- No limit on loan amount: Students can receive up to 90% support for their educational expenses through Leap Finance. The business will lend money to cover living costs, tuition costs, and travel and transportation costs.
- Provides 100% financial assistance: Leap finance provides 100% financial assistance regardless of collateral.
Leap Finance Education Loan Eligibility Criteria
The various eligibility criteria for Leap Finance Education loan are given below;
- The student should be an Indian citizen and above the age of 18
- Should have a strong academic background
- Should have an admission offer from an USA or Canadian University
Required Documents for Leap Finance Education Loan
The documents that are required while applying for a Leap Finance education loan are mentioned below:
Category | Details |
Documents needed from the Applicant |
|
Co-applicant (Salaried) |
|
Co-applicant (Self-employed) |
|
How to Apply for Leap Finance Education Loan
Follow the steps mentioned below to apply for the Leap Finance education loan:
Step 1: Check your eligibility on the official website of Leap Finance
Step 2: If you are eligible, apply for the loan by filling out the online application form.
Step 3: Fill out all the necessary details and submit the form online along with the required documents.
Step 4: After submission, the Leap Education will take up to 3 working days to evaluate and get back to you with further details.
FAQs on Leap Finance
- What are the documents a student needs to submit while applying for the Leap Finance education loan?
A student needs to submit Aadhar card, PAN Card, passport, academic certificates (10th, 12th, and higher education), payslips from the last three months and bank statements from the previous six months, if relevant, admission letter, GRE/IELTS/TOEFL scores, passport size photo, and credit report, while applying for the Leap Finance education loan.
- Is there any margin amount required while applying for the Leap Finance education loan?
No, there is no margin amount required while applying for the Leap Finance education loan.
- What is the repayment tenure for the Leap Finance education loan?
The repayment tenure for the Leap Finance education loan is 3 years.
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