soujanya21

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Education Loan without Collateral
Educational loans are great financial aid to
students who want to pursue studies in India or
abroad. It helps students pursue their dream of
studying and achieving admission to a university. 
WeMakeScholars
Govt. Funded Organization
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Introduction to Education Loan without collateral
Non-collateral or unsecured loan is a type of
loan where the student does not require to pledge
any collateral in order to avail a loan.
Non-collateral or unsecured loan is a type of
loan where the student is not required to pledge
any collateral in order to avail an education
loan.
Govt. Funded Organization
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What if you do not have any collateral?
You need not pledge collateral to any Govt. bank
if you are availing a loan up to INR 4 lakhs.
According to guidelines set by RBI, all banks
have provision to provide education loan without
collateral up to INR 7.5 lakhs when certain
criteria are met.
If you want to avail an education loan that is
more than INR 7.5 lakhs, private
and NBFCs (Non-Banking Finance Corporations)
provide loans up to INR 50 lakhs without security.
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Which banks can you approach for education loan
without collateral?
The aforementioned non-banking finance companies
(NBFC) provide collateral-free education loans
till INR 50 lacs as well. The interest rate
of Incred, Avanse, Auxilo is between 10.5 to
13.5.
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What is the loan procedure for education loan
without collateral?
Processing officer verifies the application and
sanctions the loan.
Govt. Funded Organization
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What is the loan procedure for education loan
without collateral?
Disbursement agreement is signed and disbursement
of loan amount takes place.
After the loan is sanctioned, you will be
required to sign the documents.
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Why apply via WeMakeScholars?
WeMakeScholars WILL NOT collect any documents.
Everything will be submitted to the bank itself
for confidentiality reasons. This way, you get
complete end-to-end support from the
WeMakeScholars team with trust.
 If u apply directly to any bank/ NBFC, you might
get rejection without any proper explanation.
Contrarily, if you apply via WeMakeScholars, the
team will negotiate with the lender to find other
ways/ additional documents which can increase
your chance of approving the education loan. 
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Free of cost service
Thank You
Govt. Funded Organization