Does SBI give non collateral education loan?
Does SBI give non collateral education loan?
The top 5 banks that offer collateral-free education loans are mentioned below: You can avail collateral-free loan up to Rs. 20 lakhs….Education Loans with no Collateral from Top Banks.
| Bank | Collateral-Free Loan |
|---|---|
| HDFC Bank | Up to Rs. 7.5 lakhs |
| State Bank of India (SBI) | Up to Rs. 7.5 lakhs |
Can I get education 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.
Does SBI accept collateral for education loans?
However, a lot of them are unaware of the different types of collateral accepted by the bank for collateral education loans which fall under the SBI student loan scheme as well as the SBI Global Ed-Vantage scheme.
What is a non-collateral education loan?
Non collateral education loan – As the name suggests the lenders do not take any collateral for an unsecured/ non collateral education loan but they have a set of requirements and give an education loan without collateral to only those who are deemed eligible for it. Eligibility criteria for an abroad education loan without collateral
What is the security of an SBI student loan?
SBI student loan scheme provides maximum security. For loan up to Rs. 7.5 lakh, a parent or a guardian is required as co-borrower. There is no need for any collateral security or a third party guarantee. For a loan above Rs. 7.5 lakh, a parent or a guardian is required along with tangible collateral security.
How much student loan can I get without collateral in India?
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. But for some top-tier institutes in India, you can avail up to 40 lakhs of unsecured education loans from SBI.