#1
8th April 2016, 11:55 AM
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Education Loan For Abroad Studies Without Collateral
I have completed my UG degree and planning to pursue higher studies from abroad want to take the education loan. Will you provide me details about the Education Loan for Abroad Studies without Collateral is there any banks available if yes provide list of banks which offers this?
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#2
8th April 2016, 11:56 AM
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Re: Education Loan For Abroad Studies Without Collateral
Educational loans has become a support system for students who cannot afford studying abroad or in the home country. Collateral is a necessary constraint for the banks to be on the safer side. Loan taken up to Rs. 4 lakhs. is allowed without collateral security and when the loan amount exceeds, there is rule to have collateral and a third party guarantee which is most cases is the parents of the student. There are certain top banks which offer study loans by exceeding limit of loan without collateral which can be considered by a student: HDFC Bank Study loan for India – Rs. 15 lakhs. Study loan for abroad – Rs. 20 lakhs. Collateral not requires up to Rs. 7.5 lakhs HSBC Bank Loans up to Rs. 1 cr. against residential property if in Chandigarh, Ahmedabad, Bangalore, Chennai, Mumbai, Jaipur, Pune or NCR region only. Without collateral loan up to Rs. 5 lakhs. State Bank of India Study loan for India – Rs. 10 lakhs. Study Loan for abroad – Rs. 20 lakhs. Loan without collateral up to Rs. 4 lakhs. IDBI Bank Study loan for India – Rs. 10 lakhs. Study Loan for abroad – Rs. 20 lakhs. Loan without collateral up to Rs. 4 lakhs. Punjab and Sind Bank Study loan for India – Rs. 10 lakhs. Study Loan for abroad – Rs. 20 lakhs. Loan without collateral up to Rs. 4 lakhs |