Financing your education as an international student can be daunting, especially when navigating loan options that meet your specific needs.
Lendwise has emerged as a reliable choice for graduate students seeking education loans, offering competitive rates, flexible repayment terms, and no hidden fees.
This guide provides a curated list of the 7 best Lendwise loan options for international students, alongside other competitive alternatives, to help you make an informed decision.
Best Lendwise Loan for International Students
| Loan Provider | Loan Amount | Co-signer Requirement | Interest Rates | Loan Terms | Eligibility Requirements |
|---|---|---|---|---|---|
| 1. Lendwise | £5,000 – £100,000 | No | Starting at 9.5% (fixed) | Up to 10 years | Enrolled in graduate programs at eligible schools. |
| 2. MPOWER Financing | Up to $100,000 | No | 7.49% – 14.98% | Up to 10 years | Partner universities only. |
| 3. Prodigy Finance | Up to $100,000 | No | 8.00% – 12.50% (variable) | Up to 20 years | Enrollment in eligible programs. |
| 4. Sallie Mae | Up to $200,000 | Optional | 4.62% – 13.83% | Up to 15 years | U.S.-based co-signer preferred. |
| 5. Citizens Bank | Up to $350,000 | Yes | 5.47% – 12.04% | Up to 15 years | Requires a U.S.-based co-signer. |
| 6. College Ave Student Loans | Up to $150,000 | Yes | 5.99% – 13.74% | 5 to 15 years | Requires a U.S.-based co-signer. |
| 7. Earnest | Up to $250,000 | Yes | 5.65% – 13.44% | 5 to 15 years | Requires a U.S.-based co-signer. |
1. Lendwise
Lendwise specializes in financing for postgraduate studies with tailored solutions for international students:
- Loan Amount: £5,000 to £100,000 (or equivalent in USD).
- Interest Rates: Fixed rates starting at 9.5%.
- Loan Terms: Flexible terms up to 10 years.
- Eligibility Requirements: Must be enrolled in an eligible graduate program.
- Unique Benefits: Personalized loan rates based on academic history and future earning potential, no hidden fees, and an easy online application process.
2. MPOWER Financing
MPOWER offers loans specifically for international students without requiring a co-signer:
- Loan Amount: Up to $100,000.
- Interest Rates: Fixed rates from 7.49% to 14.98%.
- Loan Terms: Up to 10 years.
- Eligibility Requirements: Enrollment at a partner university or graduate school in the U.S. or Canada.
- Unique Benefits: No co-signer required, visa support, and career services included.
3. Prodigy Finance
Prodigy Finance is a trusted lender for international students pursuing graduate degrees:
- Loan Amount: Up to $100,000.
- Interest Rates: Variable rates ranging from 8.00% to 12.50%.
- Loan Terms: Flexible repayment plans up to 20 years.
- Eligibility Requirements: Enrollment in an eligible university program.
- Unique Benefits: Focuses on future earning potential, making it accessible to students with no co-signer.
4. Sallie Mae
Sallie Mae offers flexible loans for international students with or without a co-signer:
- Loan Amount: Up to $200,000.
- Interest Rates: Fixed: 4.62% to 13.83%; Variable: 5.00% to 13.41%.
- Loan Terms: Up to 15 years.
- Eligibility Requirements: U.S. co-signer preferred but optional for some programs.
- Unique Benefits: Co-signer release after on-time payments, no origination fees, and deferred repayment options.
5. Citizens Bank
Citizens Bank is ideal for international students needing high loan amounts:
- Loan Amount: Up to $350,000.
- Interest Rates: Fixed: 5.47% to 12.04%; Variable: 4.45% to 11.50%.
- Loan Terms: Up to 15 years.
- Eligibility Requirements: Requires a U.S.-based co-signer.
- Unique Benefits: Discounts for autopay and no origination fees.
6. College Ave Student Loans
College Ave provides customizable loan solutions for international students:
- Loan Amount: Up to $150,000.
- Interest Rates: Fixed: 5.99% to 13.74%; Variable: 5.59% to 13.44%.
- Loan Terms: 5 to 15 years.
- Eligibility Requirements: Requires a U.S.-based co-signer.
- Unique Benefits: Flexible repayment options and fast approval process.
7. Earnest
Earnest offers comprehensive student loan options with competitive rates:
- Loan Amount: Up to $250,000.
- Interest Rates: Fixed: 5.65% to 13.44%.
- Loan Terms: 5 to 15 years.
- Eligibility Requirements: U.S.-based co-signer required.
- Unique Benefits: No fees and flexible payment schedules to fit your needs.
Quick One: We have other useful loan articles here.
Frequently Asked Questions
Can I apply for a Lendwise loan without a co-signer?
Yes, Lendwise loans do not require a co-signer, making them an excellent choice for international students who may not have access to U.S.-based guarantors.
What is the interest rate for Lendwise loans?
Lendwise loans have fixed interest rates starting at 9.5%, tailored based on your academic history and potential earning capacity.
Are Lendwise loans available for undergraduate studies?
No, Lendwise loans are specifically designed for postgraduate and professional studies, making them ideal for graduate students.
Conclusion
Navigating the loan market as an international student can be overwhelming, but lenders like Lendwise, MPOWER Financing, and Prodigy Finance offer tailored options to meet your unique needs.
Each provider on this list has been evaluated for its competitive interest rates, flexible terms, and specific benefits for international students.
Whether you prioritize no co-signer options or low-interest rates, the 7 best Lendwise loan for international students provide a range of solutions to help you achieve your academic goals.
