Can I get student loan without collateral?
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Can I get student loan without collateral?
Lenders you can approach for an education loan without collateral. Public banks – Public banks like SBI, BOB, etc according to their policies can only provide up to 7.5 lakhs student loan without collateral irrespective of the course and country.
Which bank provide education loan easily in India?
Compare Top Education Loan Offers 2021
| Name of Bank | Interest Rate (p.a.) | Loan Amount |
|---|---|---|
| Axis | 13.70\% to 15.20\% | Up to 75 Lakh |
| Bank of Baroda | 7.85\% to 9.85\% | Up to 4 Lakh and above |
| HDFC | 9.55\% to 13.25\% | Max Apr |
| Tata Capital | 10.99\% onwards | Up to 30 Lakh |
How can I get student loan from bank in India?
A bank professional will assist you with the application procedure for an education loan. You can also contact a customer service representative at 1800 103 1906 (Tollfree) / 1800 220 229 (Tollfree – Covid Support) / (022) – 40919191 (chargeable number) for assistance with the application process for an education loan.
Which is the best bank for student education loan in India?
Bank of India’s Student Education Loan. Bank of India offers loans for educational purposes in India as well as abroad. Loans can be availed for graduate, post graduate, professional courses recognized by university. You can get a maximum of 10 lakh for loans in India while up to 20 lakh for loans outside.
What is the maximum amount of student loan in India?
Maximum amount of loan is 10 lakhs in India and abroad is 20 lakhs. For loans below 4 lakhs they can be paid in a period of 7 years. Loans up to 7.5 lakh can be repaid within 10 years while loans above 7.5 cannot exceed more than 15 years. Also read: Tips to get student loan for higher studies.
Can I get education loans without collateral for studies in India?
Here are the details you need to know about education loans without collateral for studies in India or abroad. According to RBI, the maximum amount eligible for a study loan for courses in India is Rs.10 lakhs while for studying abroad, it is Rs.20 lakhs. Guidelines show that loan taken up to Rs.4 lakhs does not require collateral security.
What are the loan options for studying in India while studying abroad?
They offer loans for non-vocational courses, vocational courses, management quota and under Financial Inclusion Program. There is no processing fee for studies in India while studying abroad there is 1\% of the loan amount subject to a maximum of Rs. 5000 plus taxes. Education Loan for other students who secured admission under Management Quota.