Kuhoo Education Loan to Study Abroad: Check Out All the Details

Kuhoo Education Loan to study abroad

Kuhoo Technology Services is a financial institution that provides education loans to study abroad. The company has a record of funding around $2 billion in education loans for studying in India and abroad. Kuhoo education loan covers up to 100% of the tuition fee and other expenses. The loan is provided for studying in all 25 major countries catering to more than 1000 universities for over 100 courses. Let’s check all the major details like the eligibility criteria, application process, loan amount etc of Kuhoo education loan to study abroad.

Overview of Kuhoo Education Loan

Kuhoo education loan is available for deserving students who want to study abroad. It also provides collateral-free loans if the student has an excellent academic record and the loan amount is determined irrespective of the monthly income of the co-applicant. Check some of the major features of the Kuhoo education loan below:

ParticularsDetails
Name of the lenderKuhoo Technology Services Private Limited
Maximum Loan AmountINR 60 lakhs(up to 2 crores under the “BanoAatmNirbharWithKuhoo” scheme)
Repayment PeriodUp to 12 years
Interest RateStarting from 8.55%
Courses EligibleUp to 100+ courses that are job-oriented
Processing Fee2% of the loan amount
Margin MoneyNot Applicable
Expenses CoveredTuition Fees, Accommodation Costs, Academic tour etc
CollateralOnly if the requested loan amount doesn’t qualify for a collateral-free loan

Also Read: Loan rejected with good credit score? Check here Why Your Education Loan Rejected Even if Your Credit Score is High

Kuhoo Education Loan Eligibility Criteria

It is essential to fulfil all the eligibility criteria to get an education loan from Kuhoo. It is very important to check the eligibility criteria before applying for the loan so that the loan gets approved without any hindrances. Check some of the major eligibility criteria for Kuhoo education loan below:

  • You should be an Indian citizen above 18 years of age
  • The co-applicant must have a job or a business and a stable income
  • The credit history and score of the applicant as well as the co-applicant must be good i.e. above 700 or 750
  • The university must be approved by the nodal authority and the course selected should be a top-notch course
  • The student must have a good academic record

How to Apply for a Kuhoo Education Loan to Study Abroad?

Students can apply for Kuhoo education loan online through its official website. You can simply visit the official website of Kuhoo and check all the features of the loan. Check the steps below to apply for Kuhoo education loan:

  • Visit the official website of Kuhoo
  • Click on ‘Study Abroad’
  • On the next page, click on ‘Check Eligibility’
  • You will see a short application form
  • Enter the details required like name, email address, phone number, country, course, required loan amount etc
  • Submit the form and wait for a call back from Kuhoo
  • A representative will call the number you provided to discuss further steps

Also Read: Want a Forex card from the largest public sector bank in India? Here’s the required information. Check all about SBI Forex Cards

Documents Required

For an education loan from any lender, you need to submit a lot of documents supporting the information that you have provided in the application form. Always provide the documents properly and they should be self-attested so that the loan gets processed quickly. Check all the required documents for the Kuhoo education loan below:

  • KYC documents such as Aadhaar Card, PAN Card, Voter ID card, Driving License etc
  • Passport sized photograph
  • Marksheet of secondary and senior examination
  • Marksheet of graduation (if applicable)
  • Last 3 months’ salary slips of the co-applicant
  • Last 6 months’ bank statements of the co-applicant
  • Letter of acceptance from the university
  • Visa Approval Letter

Note: The documents required may vary from the above-mentioned list based on the specific terms and conditions applied after analysing the profile of the borrower.

Kuhoo Education Loan Interest Rate

Kuhoo education loan interest rate depends on various factors such as the loan amount, credit score of the borrower, repayment period, income of the co-applicant etc. Usually, the Kuhoo education loan interest rate starts from 8.55% and goes up to 11.5% or more depending on the borrower’s profile. Check more details below:

  • The interest rate may increase or decrease based on the loan amount
  • If your credit report is good and it shows your good repayment behaviour, you may get a low rate of interest subject to the lending criteria of Kuhoo
  • The interest rate on education loans also depends on the ongoing repo rate, EBLR, RLLR etc

FAQs

What is the Kuhoo Education Loan?

Kuhoo Education Loan is a financial service provided by Kuhoo Technological Services specifically designed to help students pursue their studies abroad.

Who is eligible to apply for a Kuhoo Education Loan?

Any student who has secured admission to a recognized university or college abroad for higher studies and meets the eligibility criteria like creditworthiness and strong academic background can apply for a Kuhoo Education Loan.

What are the features of the Kuhoo Education Loan?

Kuhoo Education Loan offers low-interest rates, flexible repayment options, a hassle-free application process, and quick approval. The loan is disbursed within 7 days from the date of application form submission.

How can I apply for a Kuhoo Education Loan?

To apply for a Kuhoo Education Loan, you can visit the official website of Kuhoo. You will need to fill out the loan application form, submit the required documents, and undergo the necessary verification process.

What documents are required to apply for a Kuhoo Education Loan?

The documents required for a Kuhoo Education Loan application are proof of admission to the educational institution abroad, KYC documents, previous marksheets, proof of income or financial statements of co-applicants, collateral documents (if applicable), and any other documents as per Kuhoo’s internal policy.

This was all about Kuhoo education loan to study abroad. Always check all the major features of the loan properly and stay informed about the terms and conditions of the loan.

To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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About Shekhar Suman

Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.

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