Get an Abroad Education Loan Without Collateral
What Is an Education Loan Without Collateral?
You don’t require property, fixed deposits, or any form of security.
The bank approves the loan based on your academic profile, course, university, and future earning potential.
They are different from secured loans, which require collateral and a co-applicant.
Best for students from middle-income families who may not have access to assets.
Available from select private banks, NBFCs, and international lenders.
Why Choose an Education Loan Without Collateral?
A non-collateral loan makes it possible to study abroad without putting assets or family finances at risk.
No Need for Property or Assets
You can get the loan without pledging any collateral. No property, no fixed deposits.
Faster Loan Approval
With fewer checks and documents, the process is quicker and less complicated.
No Co-Applicant Required
Many lenders offer an education loan without collateral and co applicant, so it’s ideal if you’re applying on your own.
Loan Options for Studying Abroad Without Collateral
- You can get a foreign education loan without collateral if you want to study in the USA, Canada, UK & more.
- Security or property is not required
- It’s a student loan without collateral backed by a co-applicant’s financial profile.
- Your co-applicant’s income and credit score can improve approval chances.
- Some banks offer zero-interest loans for high-achieving students.
- Available for select universities and programs.
Bank Name
Loan Amount
Interest Rate
Processing Time
Processing Fee
Upto 1.5Cr
10.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1.25%
Upto 1.5Cr
10.5% - 13%
Secured: Upto 3 weeks Unsecured: Upto 1 week
0.75% - 1.25%
Upto 85L
11% - 12.75%
Upto 1 week
0.75% - 1.25%
Upto 1Cr
11.25% - 12.75%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1.25%
Upto 75L
11% - 12.75%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.85% - 1%
Upto 1Cr
10.75% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%
Upto 3Cr
9.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%
Upto 1Cr
9.5% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%
Upto 75L
11.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%
Upto 1.5Cr
9.25% - 12.5%
Secured: Up to 3 weeks Unsecured: Up to 1 week
0.75% - 1%
Upto 1.5Cr
8.25% - 11%
Secured: Up to 3 weeks Unsecured: Up to 2 weeks
Secured: Rs. 20,000 Unsecured: Rs. 10,000
Upto $220k
8.47% - 13.5%
Automated process
500 USD + 4%
Upto $100k
9.5% & 9.99%
Up to 1 week
1% + 2%
Upto $100k
10.5% - 12.75%
Up to 1 week
200 USD + 2%
Upto $100k
9.99% - 14.99%
Automated process
6.50%
How to Apply for an Education Loan Without Collateral?
Applying for a non collateral education loan is simple. Follow these steps to secure funding for your studies abroad.
Check Eligibility
See if you qualify for a non collateral education loan based on your academic profile and university.
Compare Loan Options
Use our education loan calculator to estimate your EMI and find the best option.
Submit Documents & Apply
Complete the documentation process.
Secure the Best Loan
Get approved, and the loan amount is disbursed to your university.
Eligibility Criteria for Collateral-Free Education Loans
Age & Academic Qualifications
You need to be within the age range of 18-35.
Co-Applicant Requirement
If your profile is not strong enough, some lenders may ask for a co-applicant.
Credit Score & Financial Stability
Your or your co-applicant’s credit score and income will determine whether the loan is approved.
Eligible Countries & Institutions
You get loans for top-ranked universities in countries like the USA, UK, Canada, and more.
Minimal Documentation & Quick Processing
Collateral-free loans usually involve less paperwork and quicker approvals.
Compare Education Loan Options Without Collateral
Find the best education loan for abroad studies by comparing interest rates, loan amounts, and processing fees from top lenders.
Lender
Max Loan Amount (No Collateral)
Interest Rate
Loan Tenure
Up to ₹1 Crore (prime universities)
10.50% - 11.25%
Up to 15 years
Up to ₹75 Lakhs
11.75% - 13.25%
Up to 12 years
Up to ₹75 Lakhs (prime abroad), ₹50 Lakhs (GRE/income-based)
10.50% - 11.25%
Up to 15 years
Up to ₹50 Lakhs
11.50% - 13%
Up to 15 years
Up to ₹40 Lakhs
From 9.75%
Up to 15 years
Up to ₹40 Lakhs (select cases)
9.25% - 9.75%
Not specified
₹7.5 Lakhs (general), higher for select institutes
10.90% (up to ₹7.5 lakh)
Not specified
Up to 100% of education expenses
Varies by profile
Flexible
Up to 100% of education cost
12% - 14% (variable)
Up to 20 years
Up to US$100,000 (typical ~US$30,000)
12% - 14% (fixed/variable)
Up to 10 years
Hear from Students Who Got Their Education Loan Without Collateral
200,000+
Student assisted
₹16,300 crore+
Loan requests processed
₹2,000 crore
Disbursed in loans
Get a collateral-free education loan at the best rates.
Frequently Asked Questions
What is the difference between an education loan with and without collateral?
A loan with collateral is one where you have to pledge an asset like property or a fixed deposit to get a loan. Without collateral, you don’t need to put up any assets. The lender looks at your academic profile and the course you’re going for instead.
Can I apply for an education loan without collateral if I am studying abroad?
Yes, you can. You need to meet their eligibility criteria.
How much loan can I get without collateral for studying abroad?
It actually depends on the bank and your profile. Some banks offer more than ₹50 lakhs without collateral, and in some cases, even more, especially if you’re going to a top university.
What documents do you need for a non collateral education loan?
To apply for an education loan without collateral, you need your admission letter, academic transcripts, passport, and address proof. If you’re seeking an education loan for abroad studies without collateral, add your university offer and fee schedule. Lenders often ask for income statements, especially for a collateral free education loan.
Do you need a co-applicant for an education loan without collateral, or can you apply solo (i.e., can i get education loan without collateral)?
Most lenders ask for a co-applicant for a study abroad loan without collateral, so you typically need someone like a parent. If you want an education loan without collateral and co applicant, you must show exceptional credentials—like a top-ranked admit and strong income proof.
How do banks decide eligibility when you ask how to get education loan for abroad studies without collateral?
When you ask how to get education loan for abroad studies without collateral, banks assess your admission offer, the university’s ranking, and your co-applicant’s credit. For an abroad education loan without collateral, they review the fee structure and future earning potential. Some even offer a collateral free education loan for abroad with these checks.
