OFFICE OF THE UNIVERSITY REGISTRAR  |  STUDENT EMPLOYMENT
 

Student and Parent Loans
Global Student Loan
Graduate/Professional Students from India
 
Description An international loan program for students from India that does not require a U.S. co-signer                  
Eligibility
Enrolled in a U.S. college or university
Citizen of India
Co-signer from India required, per lender’s specifications
Loan Amount
Annual maximum
$50,000
Lifetime Maximum $200,000
Lender HSBC Bank of India
through the Global Student Loan Corporation
Interest Rate Approximately 13%, based on HSBC’s Retail Lending Rate
Fees
Site-use fee: approximately $75 (may be charged to a credit card)
One-time administrative fee: 2.75% of amount borrowed 
Other Terms At the discretion of HSBC and subject to change
Disbursement Funds disbursed in U.S. dollars directly to Penn student’s account
Repayment Up to approximately 15 years
How to Apply Visit the Global Student Loan Corporation at http://www.globalslc.com
The University of Pennsylvania does not receive any compensation from this program. As with all private student loans, we encourage you to read the terms and conditions carefully, and direct specific questions to the lender.
 
 

 

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