• Financing Your Degree

    Funding Options for Students in India

    A majority of Indian candidates will require some level of private financing to help fund their graduate level degree. We encourage you to explore various bank and private loan options available.

    Listed below are different financing options that domestic and international students can explore.

    Click on each funding option for details. 

Funding Options

Private Loan Programs

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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: Founded in 2007, Prodigy Finance provides loans for top international graduate students to pursue their masters at the world’s best schools, including York University- Schulich School of Business. Their loan model eliminates the need for a co-signer or collateral. This means they can lend to many students who lack access to other traditional sources of funding. Additionally, Prodigy Finance assesses their applicants’ future earning potential to determine loan affordability. To apply, visit the Prodigy Finance’s website.

Prodigy Finance See more details about the terms and conditions, and how to apply for a loan on Prodigy Finance’s website.
  • Loan amount that fits your needs (up to 80% Cost of Attendance)
  • No collateral or co-signers
  • Loans at competitive interest rates
  • No repayment while you study
  • Apply entirely online
MPOWER Financing MPOWER Financing

MPOWER Financing: Created as a Public Benefit Corporation to help promising students from around the world who struggle to complete their education as a result of being excluded from traditional financing options. MPOWER Financing offers student loans to international students without cosigners, collateral, or credit history to students from 200+ nationalities.

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 $64k CAD (50k USD) – over 2 academic terms.
  • Scholarships
  • 10-year loan
  • Interest rate discounts
  • No pre-payment penalties
  • Visa support letters for help with Canadian immigration
  • Build Canadian credit history
  • Career support through our Path2Success program

 

Financial Institutions

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Listed below are financial institutions that provide education loans specifically to international students from India 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.

Partnered Loan Programs Partnered Loan Programs

Schulich partners with multiple financial institutions to extend competitive and favorable loan products to our MBA and MBA in India students. Information provided below. Please contact the bank or financial institution of your choice for more information.

 

Avanse's Company logo 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
HDFC Credila

 

Mr. Tushar Adole
tushara@hdfccredila.com
To apply online, please visit: https://www.hdfccredila.com
  • 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.
ICICI Local Contacts:
Manu Sakhuja (North) Tel: 9810543824 manu.sakhuja@icicibank.comAshwin Kumar (East) Tel: 9985784567 ashwin.bm@icicibank.comRakesh Mistry (West) Tel: 9930064152 rakesh.mistry@icicibank.comKshama Shukla (West) Tel:9867366181 kshama.shukla@icicibank.comChandra Chittoori (South) Tel: 9972819746 chandrabhanu.chittoori@icicibank.comBalaji CS (South) Tel: 9941504900 balaji.cs@icicibank.com
 

  • Minimum INR 0.1 million to INR 10 million
  • Unsecured amount up to INR 2 million
  • 100% collateral for loan above INR 2 million
  • A maximum period of 10-12 years @ 10.75% Secured, 10.99% Unsecured

**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

Financial Institutions that have funded Schulich MBA India Students Financial Institutions that have funded Schulich MBA India Students
Bank Branch City State
Canara Bank Broadway Cochin Kerala
Canara Bank JNTU Hyderabad Telangana
Incred Bandra Mumbai Maharashtra
State Bank of India Jaynagar 2nd Block Bengaluru Karnataka
Punjab National Bank Airport Road Indore Madhya Pradesh
Incred Bandra Mumbai Maharashtra
Syndicate Bank Banjara Hills Hyderabad Telangana
Bank of India Miraj Miraj Maharashtra
State Bank of India RACPC Gurgaon Gurugram Haryana
Punjab & Sind Bank Hesag Ranchi Jharkhand
Oriental Bank of Commerce Janakpuri Delhi Delhi
Punjab National Bank South Ext-1 Delhi Delhi
Bank of Maharashtra Shahganj Lucknow Uttar Pradesh
State Bank of India Kota Kota Rajasthan
State Bank of India Industrial Area Karnal Haryana
State Bank of India Alambagh Lucknow Uttar Pradesh
Vijaya Bank Dr. Nnajappa Road Coimbatore Tamil Nadu

 

External Scholarships

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