Rates, Qualification and Credit Guidelines

Rates, Qualifications, and Credit Guidelines

Eligibility

Want to check if you are eligible for the loan program? Give us a call, toll-free, at (800) 926-3069 or direct international at +1 (646) 878-1140. We'll be happy to help you determine rates, eligibility, and other information, and if you are eligible, we can take your application right over the phone!

Interest Rates

The interest rate for all of our international private loan programs (International Student Loan, Foreign Enrolled Loan, Study Abroad Loan and Canadian Student Loan) is equal to the LIBOR Index plus a margin. The margin for the Loan may vary, depending on the credit-worthiness of the borrower or co-borrower (if any). Please see the individual pages for rate and repayment information for the program you are interested in!

Credit Guidelines

Applying with a qualified creditworthy co-signer will improve the chances that your application will be approved, and may lower your rates! International students need a US co-signer -- there are absolutely no exceptions!!

To qualify for this loan without a co-signer, you must meet all of the following criteria:

Have a satisfactory credit, residence and employment history of at least two years.
Have proof of current income (if self-employed have been in business for at least two years).
Be a US Citizen or permanent resident and have resided in the USA for the previous two years.

If you do not meet these criteria, or if you are an international student, you will need to have a parent, friend, relative, employer, or associate co-sign your loan. Your co-signer must meet the above criteria. If your application is declined without a cosigner, reapply with one to improve your chances of being approved!

Do you have questions about your eligibility/credit worthiness? Call us toll-free at (800) 926-3069 or +1 (646) 878-1140 and we will help you get your questions answered!

An Envisage International Corporation website, Copyright © 1998-2008
Your website for international student loans and study abroad loans since 1998!
Doral Bank NY FSB, an Equal Opportunity Lender is the lender for the International Student Loan Center private loans.