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
- No property or collateral required
- Merit, co-applicant income decide approval
- Interest averages eleven–fourteen percent floating
- Funds tuition, living, travel, insurance
- Parent/guardian as co-applicant
Eligibility Criteria for a UG Study Loan Without Security
You can improve your chances of an undergraduate student loan in India without collateral by fulfilling some some basic eligibility criteria. Most lenders follow some baseline checks before sanctioning a no collateral foreign education loan for bachelor’s degrees.
Academic record with over 65% scores on CBSE/State board or equivalent in Grade 12
Admission to an accredited foreign university
Lenders favour STEM, business and high-ROI programs at ranked institutions
Salaried parent/guardian with steady income or ITRs.
CIBIL score 700 plus preferred
Indian citizen with a valid passport and age: 16 – 35 years
Run different scenarios on our education loan repayment calculator
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%
Pros & Cons of a Non-Collateral UG Loan
Weigh the speed and asset-free ease of collateral-free undergraduate loans against collateral free loans. Also, inspect the steeper 11–14 % interest rates and tougher credit norms before choosing unsecured funding.
- No family asset risk
- Faster sanction, fewer legal checks
- Up to 100 % of total cost covered
- Flexible top-ups for later semesters
- Higher interest rates than secured loans
- Strict credit score and co-applicant income tests
- Some lenders cap loan amounts up to ₹7.5-₹80 lakh
- Not all countries and universities are eligible
Tips to Improve Approval Odds of UG Education loan Without Collateral
Some key steps can increase your chances to get an undergraduate abroad education loan without collateral.
- Apply with admission letter from ranked university
- Maintain CIBIL score ≥ 700 for all applicants
- Budget realistic living costs, avoid over-borrowing
- File taxes on time as lenders verify ITRs
- Attach co-applicant with a steady monthly income
Undergraduate Abroad Education Loan without Collateral
Choose GradRight’s collateral-free loan route trusted by 200,000 users. Minimize paperwork while maximize savings on interest and hidden charges too.
200,000+
students assisted
₹16,300 crore
loan requests processed
₹2,000 crore
disbursed in loans
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.
