Which bank can provide 20 lakh rupees loan without collateral?

Question

XAVIAR X · Accepted Answer

Education loans have been a massive help for many who wish to pursue high-quality education but struggle to raise the necessary cash. Now, students are eligible for unsecured loans up to INR 4 lacs. Parents or guardians are made joint borrowers for loans up to INR 7.5 lacs, and a third-party guarantee is obtained. Property or any other asset must be pledged as security for loans over INR 7.5 lacs.
Indian banks provide several financing programs for studying abroad:
SBI Student Loan Scheme: Indian students who have been accepted to any university in India or abroad may apply for a student loan through the SBI Student Loan Scheme. The maximum loan amount at a low-interest rate is INR 20 lacs, and the loan must be paid back within 15 years. Additionally, borrowers must provide collateral as security if the loan amount exceeds INR 7.5 Lacs. After completing the course for a year, the repayment process begins.
SBI Global ED-VANTAGE Scheme: Indian students who want to study abroad full-time may apply for this loan. Students may borrow up to INR 1.5 crore, with a 15-year repayment period. The loan must be secured by security, and the borrowers must begin payments six months after the course is over.
HDFC Bank Education Loan for Foreign Education: Indian students who want to pursue higher education overseas may apply for an HDFC Bank Education Loan for Foreign Education. The maximum loan amount under this program is INR 20 lacs at a low-interest rate. Additionally, it provides tax advantages to the borrower and might be approved before admission.
Oriental Bank of Commerce Education Loan for Study in India and Abroad:  The loan amount will depend on the institute's fee schedule if the student decides to continue his studies in the United States. The best part of this plan is that it offers insurance coverage and does not penalise debtors for early repayment. On loans taken out for studying abroad, a margin of 15% is applied if the loan amount exceeds INR 4 Lac. 
We usually advise carefully reading the loan's terms and conditions before accepting it. We emphasise this point because it's essential to understand the loan agreement's terms. Always seek specialists rather than bank agents if you have questions about anything.