Got an admit to Rutgers University-New Brunswick? Compare collateral-free education loans from 12+ banks & NBFCs, get rates from 6.85%, and see how much you can borrow, your EMI, and the F-1 Student Visa proof you'll need.
₹45–80 L
Typical Loan
48 Hours
Approval
From 6.85%
Interest Rate
Loan Snapshot
Why FundMyCampus
Up to high limits
₹45–80 L typical for USA
Collateral-free
Unsecured options available
12+ lenders
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48-hour approval
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The Complete Guide
Rutgers University-New Brunswick is a emerging university in United States — one of the top destinations for Indian students, with around ~3 lakh heading there each year. A typical programme costs ₹45–80 L for 2-year MS, so most students fund it with an education loan rather than paying out of pocket.
For United States, Indian banks and NBFCs sanction loans of ₹45–80 L on average, with unsecured limits going significantly higher for strong academic and co-applicant profiles. Top lenders for Rutgers University-New Brunswick include SBI Global Ed-Vantage, ICICI Bank Education Loan, HDFC Credila — each with different rates, processing times and university lists, which is why comparing offers matters.
FundMyCampus matches you to the right lender for Rutgers University-New Brunswick, negotiates your interest rate, and handles the paperwork end-to-end — completely free for students. This guide covers how much you can borrow, the best banks, cost breakdowns, EMI estimates, and the F-1 Student Visa financial proof you'll need.
Your Journey
From admit to disbursement — what FundMyCampus handles end-to-end.
Check eligibility
Free 2-min quiz tells you which banks will approve and at what rate.
Submit documents
Upload through our portal — we organise and stress-test before submission.
Sanction in days
Most USA loans approved in 5–14 days. We chase the bank for you.
Disbursement
Bank wires fees directly to Rutgers University-New Brunswick. You focus on the move.
Rates span 3–5% across lender types. PSU banks 8.65–10.50% (cheapest but slowest at 15–25 days). Private banks 10.25–12.75% (faster, broader uni list). NBFCs 10.50–14% (highest unsecured up to ₹1.5 Cr). Prodigy offers USD loans without an Indian co-signer. On a ₹50 L USA loan, choosing right saves ~₹15 L over 10 years.
SBI Global Ed-Vantage
Max: ₹1.5 Cr
8.65% – 10.15%
Lowest rates in the market for USA studies. Best for List A universities (top 100 US institutes). 15–25 day processing.
ICICI Bank Education Loan
Max: ₹1 Cr unsecured
10.25% – 12.50%
Fast 7–14 day approval. Up to ₹1 Cr unsecured for Ivy League and top US universities. Best private bank option.
HDFC Credila
Max: ₹1.5 Cr unsecured
10.50% – 13.00%
Largest unsecured amount in the market. 5–8 day approval. Best for late-stage admits and amounts above ₹1 Cr.
Avanse Financial
Max: ₹75 L unsecured
11.00% – 14.00%
Most flexible on co-applicant profile and Tier-2 US universities. Approves loans banks decline.
Prodigy Finance
Max: $150,000
9.25% – 13.50% (USD)
International lender — no Indian co-signer needed. Loan is in USD. Best if you can't find an Indian co-applicant or prefer USD-denominated loan.
Bank of Baroda Vidya
Max: ₹1.5 Cr
8.85% – 10.50%
PSU alternative to SBI with slightly higher rates but typically 5–7 days faster processing at Tier-2 city branches.
For USA loans, the unsecured vs collateral decision is critical. Public sector banks (SBI, BoB) offer collateral-free loans up to ₹50 Lakhs for select premier US universities — generally those in their 'List A' covering top 100 US institutions including Ivy League, top R1 public universities, and Tier 1 private universities. ICICI Bank offers up to ₹1 Crore unsecured for Premier Institute tier (about 200 top US universities). HDFC Credila and Avanse extend up to ₹1.5 Crore and ₹75 Lakhs unsecured respectively, but at higher interest rates. For amounts above ₹1 Crore secured by property collateral, all banks accept residential property (LTV 75–85%), fixed deposits (LTV 90%), and LIC policies. For STEM students at top US universities, expected post-graduation salary often supports higher unsecured amounts — HDFC Credila's 'Future Profession' product specifically caters to this.
Use these United States estimates to right-size your Rutgers University-New Brunswick loan — under-borrowing forces 18%+ personal loans abroad, over-borrowing wastes interest.
Tuition
Living
Travel
Misc + Books
Average Total Program Cost
₹45–80 L for 2-year MS
Typical for Indian Master's students
| Program | Tuition | Living | Travel | Misc | Total |
|---|---|---|---|---|---|
| MS / Masters (2 yrs) | ₹35–55 L | ₹18–25 L | ₹2–3 L | ₹3–4 L | ₹58–87 L |
| MBA (2 yrs) | ₹50–80 L | ₹20–30 L | ₹2–3 L | ₹4–5 L | ₹76–₹1.2 Cr |
| PhD (4–5 yrs) | ₹0–20 L (often funded) | ₹40–60 L (often partial stipend) | ₹3–5 L | ₹5–8 L | ₹15–40 L (with funding) |
| Bachelors (4 yrs) | ₹1.0–2.0 Cr | ₹40–60 L | ₹4–6 L | ₹8–12 L | ₹1.5–2.8 Cr |
Visa Essentials
What you need to prove for your USA student visa to Rutgers University-New Brunswick
Year 1 fees
Tuition Proof
₹15–25
Living Funds
Mandatory
Loan Letter
3 key items
Requirements
Key Requirements
The F-1 Student Visa requires you to prove sufficient funds to cover the first year of study + living expenses.
A pre-disbursement sanction letter is sufficient for the visa interview — full disbursement happens after visa stamping.
If your loan covers tuition + first-year living but not the full 2-year cost, you can show: (1) the loan amount for…
Indicative EMIs for a United States education loan, 10-year repayment after the moratorium period.
₹50 L · 10% · 10 yrs
~₹66,000
Monthly EMI
₹75 L · 10.5% · 10 yrs
~₹1,01,000
Monthly EMI
₹1 Cr · 11% · 12 yrs
~₹1,19,000
Monthly EMI
₹50 L · 9% · 15 yrs
~₹50,700
Monthly EMI
₹40 L · 10% · 10 yrs
~₹52,900
Monthly EMI
₹80 L · 11% · 12 yrs
~₹95,000
Monthly EMI
After Graduation
What awaits Rutgers University-New Brunswick graduates post-study
Available
Post-study work
Yes
PR pathway
Strong
Salary growth
~3 lakh/yr
Indian community
Highlights
The USA offers some of the most attractive post-study work opportunities for STEM graduates.
During OPT, you can work for any US employer in your field.
In dollar terms, even mid-tier US salaries translate to ₹65 L+/year — making education loan repayment relatively quick.
Compare loan options for similar institutions.
Success Story
““I had a CMU admit, GRE 332, IIT undergrad — but my family income was middle-class and we didn't have property to pledge. Two PSU banks rejected me for the ₹65L amount unsecured. FundMyCampus introduced me to HDFC Credila and Avanse in parallel. Credila approved at 10.75% in 5 days because CMU is on their premier list. I had my visa letter in hand a week later. Today I work at a top tech firm in Bay Area and prepaid my loan in 4 years instead of 10.”
Common questions Indian students ask about funding their studies at Rutgers University-New Brunswick