Service

Education Loan for Study Abroad — Non-Collateral Loans up to ₹50 Lakhs

Non-collateral education loans up to ₹50 lakhs for studying abroad. Partnerships with HDFC Credila, Avanse, InCred, Auxilo, Prodigy Finance, SBI. Pre-approval before offer.

Get pre-approved Chat on WhatsApp

₹50LMax Non-Collateral

48 hrsPre-Approval

6Loan Partners

An education loan should fund your dreams, not gate them behind property paperwork. We've partnered directly with leading banks and NBFCs who offer collateral-free education loans up to ₹50 lakhs — meaning you don't need to mortgage your home, your parents don't need to provide property as security, and the entire process can be completed online in 2–3 weeks.

Our lending partners

HDFC Credila

Up to ₹50 lakhs collateral-free for select universities. India's largest education loan NBFC. Interest 10.5–12.5% floating. Moratorium = course duration + 12 months.

Avanse Financial Services

Up to ₹40 lakhs collateral-free. Strong in Australia, UK, Canada. Interest 11–13% floating. Quick disbursement.

InCred Education Loan

Up to ₹60 lakhs collateral-free for select "premium" institutions (top US/UK programs). Interest 11.5–13.5%. Fast turnaround.

Auxilo Finserve

Up to ₹40 lakhs collateral-free. Strong in vocational and college-level programs (Canada college diplomas, Australia VET).

Prodigy Finance

USA & UK only. Up to USD 100,000 (~₹83 lakhs) for top MBA / STEM programs. No co-signer needed. Interest variable.

SBI Global Ed-Vantage

Up to ₹1.5 crore — but typically requires collateral above ₹7.5 lakhs. PSU bank, lowest interest (~9.5%). Slower processing.

Collateral vs non-collateral — which is right for you?

Factor	Non-Collateral (NBFC)	Collateral (Bank)
Maximum amount	₹40–60 lakhs (program-dependent)	₹1.5 crore
Interest rate	10.5–13.5%	9.5–11.5%
Processing time	2–3 weeks	6–10 weeks
Documents	Income, ITRs, offer letter	Above + property valuation, title deed, encumbrance certificate
Best for	Most students; faster timeline	Long programs (PhD, MBBS); when ₹50L isn't enough

Pre-approval before you receive your offer

One of our most useful services is pre-approval — we get a sanction letter from one or two lenders before you've finalised the university. This:

Tells you exactly how much you can borrow before you commit to a program.
Lets you confidently apply to programs at the upper end of your budget.
Speeds up disbursement after you receive the offer letter (just submit the offer, money flows).
Strengthens your visa application — visa officers like seeing a sanctioned loan.

Pre-approval typically takes 5–7 working days and is completely free.

Frequently Asked Questions

Can I get an education loan without collateral?

Yes — non-collateral loans up to ₹50 lakhs are available from HDFC Credila, Avanse, InCred, Auxilo. The exact cap depends on the university (top US/UK MBA programs go up to ₹60 lakhs; Canadian colleges typically max at ₹35–40 lakhs). Above ₹50 lakhs, most lenders ask for some form of security (FD, property, or LIC policy).

What documents do I need for an education loan?

Personal: PAN, Aadhaar, address proof, photographs. Academic: 10th, 12th, undergraduate transcripts; English test score. Income: 2 years' ITR + Form 16 (or balance sheet if business owner) + 6 months bank statements + salary slips. University: offer letter, fee breakdown. Co-applicant docs: same as above, for parent / sponsor.

How is interest calculated during the study period?

Most lenders capitalise simple interest during moratorium (you don't pay anything while studying, but interest accrues and gets added to principal). Some allow you to pay just the interest during studies, which substantially reduces the total payback. We help you choose the right structure.

How does the moratorium period work?

Standard moratorium = course duration + 6 to 12 months grace period (varies by lender). EMIs start after that. Most students get jobs during the grace period and start EMIs from their first salary.

What's the tax benefit on education loans?

Section 80E of the Indian Income Tax Act: full deduction of interest paid on education loans, for up to 8 years (or until loan is repaid, whichever is earlier). Principal repayment is NOT deductible — only interest. This significantly reduces effective interest cost.

Can I prepay the loan without penalty?

Yes — most NBFCs (HDFC Credila, Avanse, InCred) and PSU banks (SBI) allow prepayment without penalty for floating-rate education loans. Fixed-rate loans may have small penalties (1–2%).

Get started — free

Get a free 30-minute counselling call.

No sales pressure. No fake promises. Just an honest assessment of your profile and a clear roadmap to your dream university.

Profile evaluation by a certified counsellor
Country & program shortlisting on the spot
Realistic visa & scholarship guidance
Written roadmap shared on WhatsApp

Only 6 free slots left this week

Book your free consultation

We'll call you within 4 working hours.