Financial Aid for Indian Students - Schulich School of Business

Financing Your Degree

Funding Options for Students in India
Most Indian candidates will need to secure some form of private financing to support their graduate studies. We encourage you to explore a range of bank loans and private financing options to help fund your degree.

Below, you’ll find a list of financing resources available to both domestic and international students.

Click on each funding option for details.
Schulich Graduate Funding

Funding Options

Private Loan Programs

Listed below are private lenders that provide education loans specifically to international students that you may explore. Rates and repayment terms vary among lenders and we encourage our students to compare information among these and other available student loan providers.

Prodigy Finance Prodigy Finance

Prodigy Finance:Prodigy Finance offers education loans for international graduate students at the world’s top universities without requiring co-signers or collateral. They assess an applicant’s future earning potential to determine loan affordability. Prodigy’s model is borderless, allowing them to offer competitive rates to students from over 150 nationalities. Learn more at Prodigy Finance.

For details about the terms and conditions, and how to apply for a loan, visit Prodigy Finance.

Over 40k students funded
No collateral or co-signers required
Easy online process
No repayments while you study
6 months grace period post study
Over $2billion in loans funded

MPOWER Financing MPOWER Financing

MPOWER Financing: MPOWER Financing is the leading provider of no-cosigner loans to students from around the world. MPOWER loans are based on your career potential and can cover tuition and other education-related expenses.

Support Team (24/7 coverage)
mpower.me@mpowerfinancing.com
+1-647-503-4607 (Canada)
WeChat (ID: mpowerstudentloans)

No co-signer or collateral needed
Fixed-rate loans of up to $125k CAD (100k USD) – over 2 academic terms.
Interest rates from 6.49% with no prepayment penalty
Career and immigration support through MPOWER’s Path2Success program
Applying is fast, free, and has no commitment. Apply here today!
Also check out their Scholarships!

Financial Institutions

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Below are financial institutions that offer education loans specifically for international students from India. Loan rates and repayment terms vary by lender, so we encourage students to carefully compare these options—as well as other available providers—to find the best fit for their needs.

Loan Programs Loan Programs

Schulich partners with multiple financial institutions to extend competitive and favorable loan products to our MBA students from India. Details are provided below. For further information, please reach out directly to the bank or financial institution of your choice.

	Ms. Indra Priyadarshini Indra.priyadarshini@avanse.com Tel: +91-7675079854For details, visit: www.avanse.com/education-loan/study-abroad-loan/	Secured loan up to full cost of education Unsecured loan up to maximum 35 lakhs for a maximum of 10 years @ 12.99% onwards
	Theethu Yemula Theethu.Yemula@axisbank.com Tel: +91-8886788667	Unsecured loan amount up to Rs 25 Lakhs/course fee whichever is lower A maximum period of 180 months @ 12.75% onwards
	To apply online, please visit Credila’s Education Loan to Study in Canada: https://www.credila.com/canada-study-loans	Tuition Fee + cost of living + any other education related expenses Flexible repayment options with up to 180 months (15 years) loan tenure¹ Competitive interest rates – starting from 10.75% p.a.² Attractive Tax benefits Dedicated Relationship Managers with door step service
	Abhiram Sadapalli Relationship Manager Abhiram.Sadapalli@incred.com	Unsecured loan of INR 3,500,000 A maximum of 180 months @ 12.5% onwards.
	Local Contacts: Ashwin Kumar Tel: 9985784567 ashwin.bm@icicibank.com HyderabadAbhilash Mukherjee Tel: 9163194983 abhilash.mukherjee@icicibank.com Hyderabad	Secured loan up to 2 Cr INR and Unsecured loan up to 1 Cr INR EMI tenure after Full Moratorium: 12 Years Rate of Interest: Secured – 9.85% * \| Unsecured – 10.85%* For professionals with 3+ years of work experience, financial co-applicant is not required Find the details of the product specially designed for Schulich School of Business-Hyderabad campus here Rates are subject to change as per REPO pricing Rates application for academic year 2020-2021*

Note: Please contact the Bank or Education Loan provider for the maximum loan amount and to confirm final interest rate.

^{1Terms and conditions apply.}

^{2Interest rate offered will vary a on case to case basis and on individual merits.}

GradRight Financing – for students from India studying in Canada GradRight Financing – for students from India studying in Canada

Via GradRight’s Fundright platform, Schulich’s Indian admits and applicants are able to access 90% of the education loan lending market with a click of a button. Loans are offered to Indian nationals on FundRight by banks, NBFCs, and international lenders. Schulich does not charge any fee from students or GradRight for this service. You may access their services for free here: https://bit.ly/2QKCXgU

External Scholarships

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Financing Your Degree

Funding Options

Private Loan Programs

Financial Institutions

External Scholarships