How much study loan can I get in India study abroad without collateral?

It provides international education loans without collateral for amounts up to INR 40 lakhs with a loan tenure of 10 years. Depending on the student profile, this amount can also go up.

How can I get loan to study abroad without collateral?

InCred is an NBFC that offers education loans with collateral up to 1 Crore for abroad studies and without collateral up to INR 40 lakhs (can be increased with exception). The interest rates broadly range from 11.75\% to 16\% depending upon the loan amount.

Can we foreclose education loan?

There won’t be any tax benefits after you foreclose the education loan. However, the tax benefits apply for only 8 years since the time the loan repayment begins. So, if you have taken a loan for say 15 years, you can save tax for 8 years and save interest obligations for the remaining 7 years by doing a foreclosure.

How much student loan can I get without collateral in India?

Public banks – Public banks like SBI, BOB, etc according to their policies can only provide up to 7.5 lakhs student loan without collateral irrespective of the course and country. But for some top-tier institutes in India, you can avail up to 40 lakhs of unsecured education loans from SBI.

What is a non-collateral education loan?

Non collateral education loan – As the name suggests the lenders do not take any collateral for an unsecured/ non collateral education loan but they have a set of requirements and give an education loan without collateral to only those who are deemed eligible for it. Eligibility criteria for an abroad education loan without collateral

Which private banks offer education loans in India?

Axis bank, a prominent private bank, is offering education loans up to INR 75 lakhs with collateral and INR 40 Lakhs without collateral. The interest rates vary from 11.25\% to 13\% depending upon the applicant’s profile.

What is the loan tenure for an international student in India?

For students pursuing undergraduate education within India and abroad, the loan tenure with collateral is up to 7 years post the completion of the course with an extra 6 months. For students pursuing post-graduation in India and abroad, the loan tenure with collateral is up to 10 years post the completion of the course with an extra 6 months.