Student Loan product - International Student Insurance by Student Cover

The rate of interest (ROI) charged on secured loans is around 8-10% per annum. The volume of loan depends on the value of the items shown by borrower as collateral. In case of unsecured loans, commercial banks can lend only up to Rs. 7 lakhs as unsecured loans whereas NBFCs can lend up to Rs. 65 lakhs. The ROI charged on unsecured loans range from 11-15%. Student Cover provides unsecured education loan to students and at most affordable prices. Some of Student Cover’s Education Loan schemes are as follows:


	SC MARVEL	SC EXCEL	SC CROWN	SC BEAT
	65 Lacs ENGG. 75 Lacs MBA	40 Lacs	30 Lacs	25 Lacs
Country	USA	USA	USA	USA
STEM/NON-STEM	STEM	STEM	STEM	non-STEM
GRE	Above 310	305+	290+	N/A
CIBIL	650+	700+	700+	650+
Co-Applicant Salary	₹ 10,000**	₹ 40,000	₹ 40,000	₹ 75,000
ROI	11% Onwards	11.25% Onwards	12.5% Onwards	13% to 14%
Loan tenure	10 years	10 years	10 years	7 years
Processing Fees on loan amount	0.90% + 18%GST	1% + 18%GST	1% + 18%GST	1% + 18%GST
Repayment Mode	# PSI – ₹ 2k or ₹5k # Simple Interest # EMI	# PSI – ₹ 2k or ₹5k # Simple Interest # EMI	# PSI – ₹ 2k or ₹5k # Simple Interest # EMI	# EMI # Simple Interest
* Rest of the world include: United Kingdom, Australia, Germany, Ireland, New Zealand, Singapore Criteria may vary according to the co-applicant's job profile Note: The above table exhibits only the Unsecured Education Loan Options**


	SC MARVEL	SC EXCEL	SC CROWN	SC BEAT
	20-25 Lacs	15-20 Lacs	$50k	25 Lacs
Country	Canada	Canada	Canada(Only Universities)	Canada
STEM/non-STEM	STEM	STEM	STEM	non-STEM
CIBIL	650+	700+	700+	650+
Co-Applicant Salary	₹ 30,000	₹ 40,000	₹ 40,000	₹ 75,000
ROI	11.75% Onwards	12.25% Onwards	11.99% (Added in the Loan Amount)	13% to 14%
Loan tenure	10 years	10 years	10 years	7 years
Processing Fees on loan amount	0.90% + 18%GST	1% + 18%GST	1% + 18%GST	1% + 18%GST
Repayment Mode	# Simple Interest # EMI	# Simple Interest # EMI	# Simple Interest # EMI	# EMI
* Rest of the world include: United Kingdom, Australia, Germany, Ireland, New Zealand, Singapore Note: The above table exhibits only the Unsecured Education Loan Options


	SC MARVEL	SC BEAT
	20-25 Lacs	25 Lacs
STEM/non-STEM	STEM	non-STEM
CIBIL	750+	650+
Co-Applicant Salary	₹ 55,000	₹ 75,000
ROI	11% Onwards	13% to 14%
Loan tenure	10 years	7 years
Processing Fees on loan amount	1% + 18%GST	1% + 18%GST
Repayment Mode	# Simple Interest # EMI	# EMI
* Rest of the world include: United Kingdom, Australia, Germany, Ireland, Singapore Note: The above table exhibits only the Unsecured Education Loan Options