What is level up leap finance?: Do you want to pursue higher education abroad with Level Up Leap Finance? The process of starting your studies abroad and arranging your finances can be pretty stressful.
There is a solution to your problem. Additionally, we developed Leap products specifically for Indians seeking international education. Thus, you can pursue your dreams while they handle all your financial necessities. Studying abroad is possible with Leap.
What is Leap Finance?
A fintech startup 2019 named Leap Finance offered school loans to students studying abroad. A graduate loan program is available to Indian students attending US and Canadian institutions.
With 260,000 students traveling overseas in 2020, there will be a 50% increase in Indian students going overseas compared to 2019. The number of students had increased by 71,000 by March 2021. Post-study work visa regulations continue to relax in countries like the UK, which will lead to a more significant influx of students.
With its simple documentation requirements, affordable loan rates, and expert assistance, Leap Finance has won the trust of many young Indian students. Applicants only need to spend ten minutes completing the online application process. It is possible to apply online, and an acceptance letter is sent to students quickly.
What is Level Up Leap Finance?
Is there anything you would like to study abroad during your higher education? When you’re abroad, getting started with your education and setting up your finances can be challenging.
We are here to help ambitious Indians interested in foreign education find the most excellent offers with Leap goods. In this way, Level Up Leap Finance allows you to focus on your goals while enabling you to take care of all your financial obligations. Leap’s services can make your dream of studying abroad a reality.
How does Level Up Leap Finance work?
Low fixed costs and no unforeseen costs make Level Up Leap Finance an excellent way for you to save money. Student travel, inquiries, and more can be handled efficiently online by Level Up Leap Finance.
The fast and efficient service of the loan process makes it highly convenient and straightforward for students. A lower ROI is achieved with no collateral, an entirely online application approval process, and no hidden costs.
Who is Eligible for the Level Up Program?
The Level Up program is designed to assist Indian students who aspire to pursue higher education abroad, especially in top study destinations such as the USA, Canada, UK, and Australia. Here’s a breakdown of the eligibility criteria:
Academic Background
Students with a strong academic record (usually a GPA of 7.0 or higher out of 10, or equivalent) are more likely to be eligible. Standardized test scores like GRE, GMAT, IELTS, or TOEFL may also be considered, depending on the university and course.
University Admission
While it’s ideal to have a confirmed admission offer (I-20 for the USA, offer letter for other countries), Leap Finance may also provide pre-admission loans based on your academic profile, entrance test scores, and shortlisting of top universities.
Course Type
The program is tailored mainly for graduate-level education, such as MS, MBA, or equivalent postgraduate degrees. Some high-demand undergraduate programs in select countries might also be considered.
Co-signer or Guarantor
Most loans require a creditworthy co-signer, usually a parent or relative with a stable income and a strong CIBIL or credit score. This helps assure the lender of repayment capacity and influences the interest rate offered.
Is Collateral Required for the Level Up Loan?
One of the biggest advantages of the Level Up program is that it is a non-collateral loan. Here’s what that means:
- You do not need to pledge physical assets such as:
- Property
- Fixed deposits
- Gold
- Insurance policies
- This makes the loan accessible to students who may not have significant family assets but still have strong academic and financial support (via a co-signer).
- However, the absence of collateral increases the importance of having a co-signer with a stable financial profile and a good credit history.
What Makes Level Up Leap Finance Right for You?
Here’s What Makes Level Up Leap Finance Right for You?..
1. You’re Planning to Study in the United States
Level Up is specifically tailored for students whose destination is the U.S. for higher education. This includes features such as U.S.-based support, credit-building tools, and understanding of F-1 visa-related financial needs.
2. You’re Pursuing a Master’s Degree
Most of Leap Finance’s offerings are optimized for graduate students—especially those pursuing STEM programs, MBA, or MS degrees in top U.S. universities. The loan terms, repayment schedules, and funding coverage are aligned with the structure of U.S. graduate programs.
3. You Want to Work in the U.S. After Graduation
Since many international students aim to gain Optional Practical Training (OPT) or even H1-B sponsorship, Leap supports a longer repayment grace period and helps you build a U.S. credit history (through the Leap America credit card), which can be useful when seeking jobs or renting housing.
Benefits of Level Up Leap Finance Loans for Studying Abroad
No Collateral or Deposit Required
Unlike many traditional banks in India, you don’t need to pledge any property or pay an upfront deposit. This makes the process easier and faster, especially for middle-income families.
Low APR (Annual Percentage Rate): 8.25% to 9.85%
APR includes the interest rate plus any other applicable fees, giving a more realistic cost of borrowing. These rates are competitive compared to Indian banks and other international lenders.
Covers Tuition, Housing, and Living Expenses
The loan amount disbursed can cover:
- Tuition fees
- On-campus or off-campus housing
- Health insurance, books, and personal expenses
This comprehensive coverage reduces the need for multiple loans or extra financial planning.
Fast Online Process (10 Minutes to Apply)
Leap Finance has a fully digital loan application process:
- Quick eligibility check
- Minimal documentation
- Faster approval timelines (often within a few business days)
This is ideal for students working under tight admission or visa timelines.
Leap America Credit Card
Leap also offers a Leap America Credit Card to help students establish financial credibility in the U.S.
Key Features:
- No Annual Fee: Unlike many international student cards that charge hidden or yearly fees.
- Credit Limit Starts at $1,500: A decent starting limit for students with no U.S. credit history.
- No SSN or U.S. Credit Check Required: You can get approved before arriving in the U.S., which is rare and valuable.
- Build U.S. Credit History: Helps you rent apartments, get better job offers, or apply for other financial products after graduation.
Innovation and Quality in Education of Level Up Leap Finance
College Credit Programs (CCP) and Matching Programs of LeapScholar’s Leap Advantage make it easy for students to access high-quality, global education. By earning credits at nearly half the cost of other programs, students get a head start with the PPC through classes taught by top instructors from universities such as Cornell, Yale, NYU, and MIT. Alternatively, students may begin their academic journey through a buddy program.
Through Leap Advantage, Leap Finance offers academic preparation tools that help students maximize their investment in education:
Programs Include:
- College Credit Programs (CCP):
- Take foundational courses online before going abroad.
- Taught by professors from top-tier universities like MIT, Cornell, Yale, and NYU.
- Earn college credits at a lower cost than taking the same classes abroad.
- Matching and Buddy Programs:
- Helps students connect with peers who are attending the same schools or programs.
- Makes the transition to international education smoother by creating a community.
- Can improve networking and mental health during relocation and adjustment.
Which Countries and Courses Are Supported?
The Level Up program supports education loans for top global education destinations. These typically include:
Supported Countries:
- United States
- Canada
- United Kingdom
- Australia
(Some cases may include Germany, Ireland, or New Zealand if the student meets specific criteria.)
Supported Courses:
- Postgraduate Programs: MS, MBA, MEng, MFin, etc.
- Select STEM and business-related undergraduate programs
- Some PhD programs with professional focus
The program focuses on universities that are recognized and have high employability outcomes, which helps reduce financial risk for the lender.
FAQs
What is Level Up by Leap Finance?
Level Up is a credit-based education loan program by Leap Finance designed to help Indian students finance their higher education abroad with competitive interest rates and minimal documentation.
What is the Interest Rate for Level Up Loans?
Interest rates typically start from around 8.5% to 11% per annum, but actual rates depend on the applicant’s profile, the course, and the co-signer’s creditworthiness.
How Much Loan Can I Get Through Level Up?
Leap Finance can offer loans up to ₹50 lakhs or more, depending on the university, course, and student profile.
Do I Need An Admit Letter Before Applying?
You can apply with or without a final admission letter. Pre-admission loans (pre-admit) are also possible based on test scores and academic background.
Are There Any Processing Fees Or Hidden Charges?
Yes, there may be processing fees (usually around 1–2% of the loan amount), but there are no hidden charges. The fee structure is transparent.
Can I Apply For Level Up If I Already Have Another Loan?
Yes, it is possible depending on your financial profile and the lender’s risk assessment. A co-signer with a good credit score helps.
Conclusion
Level Up by Leap Finance isn’t just a loan product it’s a complete support ecosystem for Indian students pursuing higher education in top global destinations. With competitive interest rates, zero-collateral requirements, and value-added services, it simplifies the study-abroad journey from planning to post-graduation life.