Education loan without collateral for Indian students
Posted by soujanya on January 15th, 2021
Student loans serve as a great financial aid to students who otherwise wouldn\'t have been able to pursue their education abroad. If it weren\'t for education loans, millions of students would never have made it to their dream universities.
However, it is also a fact that not everyone will be eligible to get an abroad education loan without collateral as too many loan applications get rejected by the lenders.
Types of an education loan:
Collateral education loan
Education loan without collateral
Education loan without collateral eligibility criteria:
The academic profile of the applicant At least a minimum of 60% is required in 10th, 12th, and degree. Also, students with more than 3 backlogs may not qualify for an unsecured education loan.
Financial co-applicant’s they can stay assured if a student fails to repay the loan amount, their financial co-applicant would pay on the student\'s behalf.
Course/Degree that an applicant wishes to pursue. Courses like UG, PG in STEM disciplines are preferred by lenders over courses like Public policy or Aviation but never Ph.D., Mbbs, Theology, tailoring, etc.
If you find yourself ineligible for an unsecured education loan, do not worry and connect with the WeMakeScholars for your education loan process.
Documents required for non collateral education loan:
Which banks give education loans without collateral for abroad:
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About the Authorsoujanya
Joined: December 17th, 2020
Articles Posted: 5
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