Can I get a study abroad loan without collateral?

Asked by Suraj Sharma over 1 year ago

Answers 1
ananya singh

ananya singh

Undergrad student

It is quite understandable that not everyone is born with a silver spoon and can afford to study abroad easily. The tuition fees, accommodation, travel etc. add up to quite a huge amount while studying abroad. Most students worry about having to leave their dream of studying abroad because of a lack of funds. Here, scholarships and loans come to the rescue.

While scholarships look like an easy way out but trust me, they aren’t. With the increase in competition, it has become quite difficult to secure a good scholarship that covers a majority of expenses for oneself. 

Only 1 out of 8 students are able to actually avail a scholarship for themself. 

But, don’t worry. You still have loans to back upon. Before you assume it to be too much of a hassle and think about already dropping the idea, I have created a list of banks that provide an easy education loan and that too without any collateral:

  1. HDFC Bank - up to Rs45 Lakhs
  2. State Bank - up to Rs1.5 Crore
  3. IDBI Bank - up to Rs 20 Lakhs
  4. Punjab Bank - up to Rs 25 Lakhs
  5. Sind Bank - up to Rs 20 Lakhs 

All these banks provide a very easy loan process, provided that all your documentation is complete and authentic. Any discrepancy can lead to your loan application being rejected. But apart from this, trust me the process is very efficient and less time-consuming. 

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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