Get an Abroad Education Loan Without Collateral

No collateral. No co-applicant. Still get the funds you need to study abroad.

What Is an Education Loan Without Collateral?

An education loan without collateral is a student loan that doesn’t require you to pledge any assets like property or fixed deposits.

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

Did you know you could fund your studies abroad without collateral in different ways?

Banks & Lenders Offering Education Loans Without Collateral

Wondering which bank gives education loan without collateral for abroad studies? Here are some top lenders you can check out.

Bank Name

Loan Amount

Interest Rate

Processing Time

Processing Fee

Upto INR 2 Crore

9.95% - 12%

7 days

0.5 - 1 %

Upto INR 2 Crore

9.50% - 13.50%

10 days

0.75 - 1 %

Upto USD 200K

10.5% - 14%

7 days

100USD+ 5%

Upto INR 1.5 Crore

10.15% - 11.15%

25 days

INR 10,000

Upto INR 1.5 Crore

9.75% - 13%

14 days

0.75%

Upto INR 1.5 Crore

10% - 13%

7 days

0.85 - 1 %

Upto INR 1.5 Crore

10.50% - 13%

7 days

Upto INR 1.5 Crore

10.50% - 13%

7 days

Upto INR 1.5 Crore

11.5% - 13.5%

5 days

0.75 - 1 %

Upto INR 1.5 Crore

9.95% - 12%

7 days

0.5 - 1 %

Upto INR 1 Crore

9.95% - 12%

7 days

0.5 - 1 %

Upto INR 1 Crore

9.95% - 12%

7 days

0.5 - 1 %

Upto INR 2 Crore

9.95% - 12%

7 days

0.5 - 1 %

Upto USD 200K

9.95% - 12%

7 days

0.5 - 1 %

Upto USD 200K

9.95% - 12%

7 days

0.5 - 1 %

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

How to get education loan for abroad studies without collateral? Here are the key eligibility factors:

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.