Can I get a study abroad loan without collateral for European universities?

Question

Yash Mothia · Accepted Answer

Yes, you get a study abroad loan without collaterals for European universities purely depending on the bank and loan amount. Many Indian banks, such as SBI, and HDFC Credila, provide loans for education up to certain limits of 7.5-10 lakhs. If your funding need falls within such a limit, and you are eligible, chances are that it may not require any collateral for this purpose. Private lenders, as well as a part of Non-Banking Financial Companies, are willing to grant unsecured loans on favorable terms for attendance in the most recognized universities across Europe.
Unsecured loan schemes will attract higher rates of interest than those with a security. Again in cases when the students do better academic records and are admitted into reputed universities across Europe.
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