by I want to take education loan without collateral from any banks in India, can I get it?
In general no banks in India are providing education loan without collateral for abroad study. There are few private banks and NBFCs which are providing the abroad education loan without any security but at higher rate of Interest. Few of the Public Sector & private banks are offering the Collateral Free Education Loan for study in India from Premier Institutes.
Public Sector Canara Bank is offering Collateral Free Education loan for study in India under Vidya Turant Scheme. It is provided to list of universities and colleges approved by Canara Bank. The various condition for Collateral Free Education loan from Canara Bank are :
Also Know – Should I prepay my Education loan or continue?
- No collateral Security up to limits for institutions designated category wise ( i.e. For students of IIMs Limits up to Rs 25.00 lacs, For students of ISBs, Limits up to Rs 40.00 lakhs and for students of all other institutions Limits up to Rs 20.00 lakhs )
- For limit upto Rs.50.00 Lakhs (Group “A” Institutes- e.g. Indian School of Business)
- For limit upto Rs.40.00 Lakhs (Group “B” Institutes-e.g. IIMs & Other Premier Institutes)
- For limit upto Rs.30.00 Lakhs (Group “C” Institutes-e.g. IIITs & Other Premier Institutes)