Once all documents are submitted successfully, approval or rejection is communicated within 2 hours. If approved, funds are transferred to the applicant’s account within 20 hours.

Yes, borrowers have the option to pay back the entire loan amount in a single lump-sum payment.

EduFi’s loan can be used to apply to any university worldwide—there are no restrictions on location.

The approved loan amount is transferred directly to the applicant’s account.

The process is simple:

• Apply through the EduFi app
• Submit 3 key documents
• Our AI reviews your bank statement and credit data
• A decision is made within 2 hours
• If approved, funds are disbursed without needing an admission letter—secure funding before applying to a university.

No. Students can apply to any international university of their choice.

Yes. The current launch (Batch 1) is open to the first 2,000 approved applicants, on a first-come, first-served basis.

Funds are disbursed in PKR directly to the borrower’s account.

The borrower can be either the student or a parent. It’s advised that the person with a higher income and stronger bank statement apply to increase chances of approval.

EduFi requires post-dated cheques. In borderline cases, may be requested as collateral.

Anyone can apply for EduFi’s International Student Loan Program, provided they meet the financial criteria.

Loan repayment terms range from 3 to 24 months.

Applicants must have a good debt burden ratio (DBR) and a clear credit history.

The loan amount depends on the applicant’s repayment capacity and financial profile. Additional collateral may increase the approved amount.

EduFi supports applications from Salaried Individuals, Self-Employed Businessmen (SEB), and Self-Employed Professionals (SEP).

• CNIC (front and back, scanned copy)
• Recent photograph
• One-year bank statement (digital or paper, from your primary account)

Documents are analysed to calculate your credit score and determine eligibility.

Installments are paid on a monthly basis.

Yes, you can apply for both products.

• Email: support@edufi.tech
• Phone: 0326-8018573
• Support is available 24/7.

UK (UCAS):

• Applications open: 14 May 2024
• Submission begins: 3 September 2024
• Oxford/Cambridge/Medicine deadline: 15 October 2024
• Main deadline: 29 January 2025
• Clearing starts: 5 July 2025
• Semester begins: Late September 2025
• Admission decisions: February–May 2025

USA:

• Early decision: 1–15 November 2024 (results in December)
• Regular deadline: 1–15 January 2025 (results March–April)
• Rolling admissions: Ongoing (results in 4–8 weeks)
• Semester begins: August/September 2025 (Fall), January 2026 (Spring)

Canada:

• Applications open: September–October 2024
• Deadlines: January to March 2025
  • University of Toronto: 22 January
  • McGill: 15 January
  • UBC: 15 January
  • Alberta: 1 March
• Admission decisions: February–May 2025
• Semester begins: September 2025

No. EduFi does not charge any processing fees for its International Student Loan application.

You can track the status directly through the EduFi app.

• Debit card
• Credit card
• Internet banking
• Easypaisa
• JazzCash

You can choose to borrow a smaller amount so your monthly payments are more manageable.

Yes. Expat Pakistanis can apply through a local guardian.

Generally, payments should follow the agreed schedule. However, additional payments may be approved on a case-by-case basis.