Education Loan For Abroad Studies Without Security (In Telugu) | Best Lender, Requirements, and More

Are you struggling to finance your education because you don't have collateral to offer? Don't worry! In this video, we'll explore non-collateral education loans and how they can help you achieve your academic goals.

Non-collateral education loans are loans that don't require you to pledge any collateral or security. This means you can borrow money without putting your assets at risk. The eligibility criteria for these loans vary depending on the lender and the loan type. In India, most lenders require you to have a co-applicant with a good CIBIL score, a strong academic record, and admission to a recognized institution. Private banks, NBFCs, and international lenders offer unsecured education loans, especially those exceeding 7.5 lakhs.

Leading lenders of unsecured education loans include Axis Bank, offering loans up to INR 50 lakhs without collateral, with interest rates ranging from 11% to 11.5%. ICICI Bank provides unsecured loans up to 50 lakhs, with interest rates between 10.85% and 12.5%. NBFCs like InCred and Avanse offer loans up to 50 lakhs without collateral, with interest rates ranging from 12.25% to 14%. HDFC Credila, another popular NBFC, provides unsecured education loans up to INR 65 lakhs, with interest rates starting at 11.20% and going up to 13%. Prodigy Finance offers loans at a 12-13% interest rate, while MPOWER Finance offers 11.99% for master courses and 13.99% for UG courses.

Before applying for an unsecured education loan, consider factors such as your academic profile, exam scores, co-applicants' income and CIBIL score, and the country, course, university, and degree you wish to pursue.

Non-collateral education loans offer several benefits, including faster approval and disbursal processes, complete coverage of education expenses, and the freedom from pledging valuables.

In conclusion, non-collateral education loans are an excellent option for financing your education without putting your assets at risk. However, secured loans are generally preferred due to lower interest rates and processing fees. Conduct thorough research and seek guidance to find affordable, flexible loan options that suit your needs.

Also Watch other videos on Abroad Education loan

GyanDhan is India's first & largest study abroad loans marketplace. With an aim to equalize and democratize access to education, GyanDhan helps students in getting both abroad education loans without collateral and with collateral. Leveraging its partnerships with leading lenders in India including SBI, Bank of Baroda, Axis Bank, ICICI Bank, HDFC Credila, and more, GyanDhan makes abroad education loans for Indian students easier and faster.

Active in the study abroad finance sector since 2016, GyanDhan solves the riddle of how to get an education loan to study abroad for the aspirants. It helps them at every step of the abroad education loan process - from application to disbursement. So whether a student is looking for a secured or a non collateral education loan, an education loan from banks, or an NBFC education loan, GyanDhan is the place to go!

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[mma]

hloo I want to go abroad after my 12th grade so I want loan can you guide me? plz

[challasuresh]

Sir no property no proofs and how to prossblu i m go to uk study

[YugenderReddyk]

Bro any bank provides loan with out collateral and cosigner