I want to know about the Non-collateral loans with the lowest Interest rates Around 20 lakhs.?

Asked by Syed Samdani about 1 year ago

Answers 1
paul larsenee

paul larsenee

Head of Capital Markets at Williams Trading, LLC

Banks in India finance school loans up to a maximum of 7.5 lacs without the need for collateral security, but all borrowers must fulfill their parental commitments. A few banks, including Canara and PNB, offer up to Rs. 20 lacs in financing to exceptionally deserving students seeking admission to IIMs. Nothing more to say than what has already been said in the forum's responses. Loans between 25 and 30 lakhs are readily available without security. NBFCs will levy higher processing costs and interest rates. Banks search for security. As a reminder, collateral is useful. Anytime there is an emergency, such as extending the tenure or prepaying without incurring fees, it aids you in negotiating a contract. Look for trust-sponsored scholarships (scholarly loans). There are new startups that promote these services. For more information, keep asking.


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