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Assets are the collateral security a bank needs to approve a loan. Choose the right security to avoid any future collateral damage to family finances while still qualifying for the most competitive offers.
Immovable property like a residential house, apartment, non-agricultural land, or commercial space.
Movable liquid assets such as fixed deposits, LIC policies with maturity value, and government bonds are also commonly accepted.
If the student or their family does not own assets, a friend or relative can offer their property or assets as collateral.
Lower interest rates between 8 to 10 % p.a. are common for loans with collateral
Longer tenure up to 15 years and pre-visa disbursement
Higher sanction amounts upto ₹1 crore for full-length bachelor’s programs
Better approval odds with less-than-perfect credit scores or lower ranked universities
Moratorium period in secured loans reduces immediate pressure of repayments
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%
Interest rate
Loan Amount
Processing time
Pre-visa disbursement
Moratorium period
Loan Coverage
Lower (8 – 10 %)
Upto ₹3 Crore
10-15 days
Yes, partial
Course duration plus 1 year
Tuition fee and living expenses
Higher (11 – 14 %)
₹7 lakh to ₹1 Crore
5–7 days
No, limited
Course duration
Tuition fee with limited coverage of other expenses
Students Assisted
loan requests processed
disbursed in loans
Many public-sector banks only offer an education loan against property for amounts above ₹7.5 lakh. However, some private banks and NBFCs offer unsecured options for UG abroad loans up to ₹50 lakh for premier colleges.
You can get an educational loan with collateral securities such as residential/commercial property, fixed deposits, and life-insurance surrender value.
SBI, ICICI, Axis Bank and Indian Bank lead in collateral loans for foreign UG studies
At GradRight, you can expect to secure a loan within 10 working days.
Yes. Many banks release part funds before the visa so you can show proof of finances with your undergraduate abroad education loan.
Yes. Section 80E lets you deduct 100 % of interest paid on any education loan with no upper limit, for up to eight assessment years.
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