Can I get study loan without collateral?

Asked by Jaya Bhonsle over 1 year ago

Answers 1
Danish Ali Khan

Danish Ali Khan

MentR-Me Team

Study Abroad Expert

It is quite natural that not everyone has it easy and can afford to study abroad. While studying abroad, the costs of tuition, housing, travel, etc. add up to a sizable sum. The majority of students fret about having to abandon their desire to study abroad due to a lack of cash. Scholarships and loans can help in this situation.

Scholarships may seem like a simple solution, but trust me, they're not. It is now more challenging to be awarded a good scholarship that will cover the majority of one's costs due to the increased competition.

Only 1 out of every 8 students is actually able to apply for a scholarship on their own.

Don't worry, though. There are still loans you can rely on. Before you decide it will be too difficult and give up on the idea, I have compiled a list of banks that offer simple education loans and do it without any collateral:

HDFC Bank - up to Rs45 Lakhs
State Bank - up to Rs1.5 Crore
IDBI Bank - up to Rs 20 Lakhs
Punjab Bank - up to Rs 25 Lakhs
Sind Bank - up to Rs 20 Lakhs 
All of these institutions offer a relatively simple loan application process, provided that all of your paperwork is accurate and comprehensive. Any inconsistency could result in the denial of your loan application. However, other from this, I can assure you that the procedure is quick and effective.

If you are still confused and want more details on how to apply for a loan, what documents would be required etc., you should directly get in touch with experts for FREE. They will help you with all the information that you need and guide you through the complete loan process. 

Let me know if this helped and if you want any more information from my end. 


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