Get an Undergraduate Education Loan Without Collateral
Search and choose an education loan for your undergraduate studies abroad without collateral in minutes. A single application shows you live quotes and repayment terms from every major provider.
What Is a Non-Collateral UG Education Loan?
A non-collateral UG study loan requires no security, no property, shares or fixed-deposit security. Approval for these unsecured loans rests on your past grades, admission offer and your co-applicant’s income.
₹50 lakh+
Loan amount
Up to 100%
Coverage of expenses
11 % – 14 %
Interest rate
Up to 15
Year repayment tenure
Here are your results!
Loan Amortization Schedule (Yearly/Monthly)
Run different scenarios on our education loan repayment calculator
Scenario 1
Loan: 20 lakhs
Terms: 10 years at 10%
EMI: ₹26,430
Total interest paid: ₹1,171,618
Total cost of education loan: ₹3,171,618
Scenario 2
Loan: 20 lakhs
Terms: 20 years at 10%
EMI: ₹19,300
Total interest paid: ₹2,632,104
Total cost of education loan: ₹4,632,104
Scenario 3
Loan: 20 lakhs
Terms: 10 years at 9%
EMI: ₹25,335
Total interest paid: ₹1,040,219
Total cost of education loan: ₹3,040,219
Scenario 4
Loan: 20 lakhs
Terms: 20 years at 9%
EMI: ₹17,995
Total interest paid: ₹2,318,685
Total cost of education loan: ₹4,318,685
Start looking for a collateral-free education loan for your undergraduate studies now.
Frequently Asked Questions
Is there any foreign education loan without collateral for a bachelor’s?
Yes, several Indian and foreign lenders offer education loans for undergraduate studies without the need to pledge your family assets.
How to get an education loan for studies abroad without collateral?
You can secure an undergraduate abroad education loan without collateral on GradRight’s loan search platform in a few simple online steps. After filling in your details such as university admission, co-applicant income, you can compare NBFC/bank offers instantly.
Which banks offer unsecured loans for undergraduate students?
InCred, Avanse, Auxilo, Prodigy and Leap Finance are some lenders that fund up to ₹1 crore of undergraduate abroad education loan without collateral.
What interest rate should I expect on a student loan without collateral?
Interest rates for non-collateral loans are usually higher than secured loans. The rates vary by lender and applicant profile. NBFCs typically charge 11–14 %, while public-bank schemes start near 8 %.
Can I get an education loan without collateral and co applicant?
Yes, you can get an undergraduate abroad education loan without collateral. Some international lenders like Prodigy Finance waive Indian co-signer for eligible courses. However, domestic lenders still need a parent guarantor.
