2023 2024 Student Forum > Management Forum > Study Abroad

 
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8th April 2016, 11:56 AM
Super Moderator
 
Join Date: May 2012
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


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