Want a loan but don't have collateral against getting it? This can be a setback for your study abroad dreams. But worry not as there are many banks that provide loans without collateral!
Incred Incred Financial Services is a financial corporation registered with the RBI. It gives an education loan without collateral of up to INR 40 lakhs & covers over 700 universities in the USA, Canada, France, Germany, Australia etc.
HDFC Credila Education loans of any amount lesser than 20 lakhs can be availed through HDFC Credila without collateral. It also provides 100% loan cover with no margin money, 10-year repayment and a host of other facilities.
Axis Bank Education Loan
With Axis bank, the students can get a loan of INR 4 lakh without collateral. Applicants must know that the collateral requirement is optional and subjective to certain criteria like no job security for repayment capacity.
Punjab National Bank (PNB) Pratibha Education Loan This popular education loan scheme with no collateral for the meritorious Indian students. It offers assistance of up to 4 lakh for courses like business, engineering, medical or other courses.