Can we get abroad education loan without collateral?

All that a borrower needs to do is have an earning co-applicant and he can apply for an international education loan without collateral directly to the lender.

Can I get education loan without co-applicant?

It is not possible to get a loan without a co-applicant. As far as the collateral goes, for loans above ₹7.5 lakh, the parent has to be a joint borrower. We need a tangible collateral security, along with assignment of future income of the student for payment of instalments.”

Can a student get education loan on his name?

Students may name either one of the earning members as education loan co-applicant. There can only be one education loan co-applicant. The education loan co-applicant requirements of the two different types of lenders are also different.

Which bank is best for education loan abroad?

Top Education Loans Providers in India for Study Abroad

• HDFC Bank. HDFC Bank offers education loans with preferential interest rates for reputed universities.
• State Bank of India.
• Axis Bank.
• Punjab National Bank.
• Bank of Baroda.
• Canara Bank.
• IDBI Bank.
• Avanse Financial Services.

Can I get an education loan for abroad studies without collateral?

Education loan for abroad studies without collateral NBFCs provide education loans for abroad studies without collateral which could be a sigh of relief to many students who want to study abroad and fund their higher education without pledging any collateral. Flexible policies regarding the nature of courses

What is the maximum amount of Education loan for study abroad?

The interest rates quoted by NBFCs differ from country to country, so check with your lender thoroughly before you agree to borrow an education loan for study abroad. On average NBFCs permit a maximum loan amount of 40 lakhs for abroad education without collateral to candidates.

Do NBFCs offer education loans for students to study abroad?

Since NBFCs accord educational loans without any collateral in India for students to study abroad, their co-applicants profile is examined thoroughly. The financial profile of your co-applicants is equally important when it comes to unsecured foreign education loans from NBFCs.

Where can I use my foreign education loan?

Foreign education loans can be used for over 2100 universities, 950 courses across 35+ countries :-