Brian from Nomad Credit explains how the difference in a country’s central bank rates could affect the rate you can receive on your education or study loan as an international student.

• Lenders based in different countries will be able to lend at certain rates depending on the rates of their country’s central bank.

For instance, the U.S. central bank rate is currently lower than India’s.

• Thus, education loans or study loans from a U.S.-based lender may be a cheaper option.

For those international students needing an education loan or study loan to help fund their studies in the US, please visit us at nomadcredit.com. We also can help you find student medical insurance options. We are more than happy to help you find international student loan options, and if you have any questions, please email us at help@nomadcredit.com.