AVAILABLE LOAN RANGE
₹2,500 – ₹1L
The exact amount approved depends on the individual agreement between the borrower and NSF.
NEXTSTEP FINANCE
MONEY LENDING SERVICE
BEFORE YOU BORROW
Know the terms.Know your next step.
A clear guide to NSF loan amounts, charges, repayment periods, requirements, security arrangements, responsibilities and privacy information.
Read and understand the terms before proceeding.
01 / LOAN DETAILS
Understand the numbers first.
NSF provides temporary financial assistance to international students in India for needs including personal, educational, accommodation and transportation expenses.
STANDARD LOAN CHARGE
30%
The standard charge for the agreed loan period is 30% of the principal amount borrowed.
Example — ₹5,000 loan₹5,000 principal + ₹1,500 charge = ₹6,500 total repayment.
02 / REPAYMENT
Know when and what to repay.
LOAN PERIOD
Normal repayment periods offered by NSF are two weeks or one month. Other periods may be agreed between the borrower and NSF.
TOTAL REPAYMENT
Before receiving the loan, the borrower is informed of the amount provided, applicable charge and total amount to return.
LATE REPAYMENT
If repayment is not made within the agreed period, an additional late charge of ₹100 per day applies until settled.
03 / REQUIREMENTS
What you need before approval.
Before a loan can be approved and released, the borrower is required to provide the necessary information, documents and security requested by NSF.
Passport
A valid original passport with sufficient validity remaining for your expected stay in India.
Visa / Immigration
Valid documentation showing your legal stay in India, including relevant visa and immigration documents.
FRRO / FRO
Where applicable, FRRO/FRO documentation so its validity and details can be verified.
Residential Address
Your current residential address in India, with a valid rent agreement or other accepted proof of residence.
Student Information
Your school or university, course/program, year of study, student ID, and other applicable student information.
Security / Collateral
Depending on the amount borrowed, the borrower may be required to provide a valuable personal item as security for the loan.
Mobile phone
Laptop or computer
Tablet
Passport
04 / YOUR RESPONSIBILITY
A loan works on trust.
Borrowers are expected to understand the terms and follow the conditions agreed before receiving the money.
Provide truthful and accurate information.
Provide valid documents.
Keep your contact information and residential address updated.
Respect the agreed repayment date.
Return the agreed amount within the agreed period.
Communicate with NSF as soon as possible if an unexpected circumstance affects repayment.
Take responsibility for the security provided in connection with the loan.
Follow all conditions agreed upon before receiving the money.
Important information about overdue loans
If a borrower fails to repay within the agreed period, the loan becomes overdue and the applicable daily late charge is added according to the individual loan details. NSF may take appropriate steps concerning security provided under the agreement if the borrower remains in default.
05 / PRIVACY
Your information deserves care.
NSF states that customer information and supporting documents should be handled with care and kept in a secure place.
Secure Handling
Personal details and supporting documents are intended to be handled carefully and kept in a secure place.
Confidential Information
Information provided is treated as confidential and used for purposes connected with the request or application.
No Unrelated Sharing
NSF states that customer personal information will not be shared with third parties for unrelated purposes.
Your Documents
Identification, student details, financial information and other documents should be provided through the official NSF process.
Ready for your next step?
Read the information carefully. If you have questions about the requirements or terms, contact NSF before proceeding.