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can we get non collateral Loan for abroad MBA

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Joined: 17 Jan 2018
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Concentration: Entrepreneurship, Finance
can we get non collateral Loan for abroad MBA  [#permalink]

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New post 08 Mar 2018, 09:20
I don't have any collateral or any known ppl who can help to keep a collateral to get a loan.

Can we get a non collateral education loan from india / abroad for abroad MBA including all the expense,as far of my research i got to know that the 1 month fee must be paid from our side and will be reimbursed later by bank and most of the bank's in india will not cover the total expenditure only be given limited amount / cost .

Can anyone help me in this.
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Re: can we get non collateral Loan for abroad MBA  [#permalink]

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New post 10 Mar 2018, 06:01
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henryford wrote:
I don't have any collateral or any known ppl who can help to keep a collateral to get a loan.

Can we get a non collateral education loan from india / abroad for abroad MBA including all the expense,as far of my research i got to know that the 1 month fee must be paid from our side and will be reimbursed later by bank and most of the bank's in india will not cover the total expenditure only be given limited amount / cost .

Can anyone help me in this.


Prodigy Finance and MPOWER Financing offer collateral free loans to international MBA students. Check out their forums (links given below) for more details..
https://gmatclub.com/forum/prodigy-finance-223463.html
https://gmatclub.com/forum/mpower-finan ... 53716.html
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can we get non collateral Loan for abroad MBA  [#permalink]

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New post 10 Mar 2018, 20:42
Thank you Narenn
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Re: can we get non collateral Loan for abroad MBA  [#permalink]

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New post 23 Jan 2019, 21:05
Collateral is mandatory for getting any loan above INR 4 lakhs. A few NBFCs provide education loans against no collateral. But these loan options would also tail some limitations with it. Collaterals are used for providing a loan because in case one is not able to pay off their loan, the bank can regain its funds from the collateral provided. I am giving you a general list of documents you would require, rest the bank would be able to guide you further depending on the need and present circumstances.
Generally, for [url="https://www.loanbaba.com/loan-against-property-mortgages/state-bank-lap-loan.html"]SBI loan against property[/url], one needs the following documents:
1. Identity Proof: Aadhar Card, Voter's ID card, Driving License, valid passport.
2. Proof of Income
3. Last three month's salary statement
4. Last six months bank statement.
5. Last ITR and Form -16.
6. Passport size photographs of you
7. All the original deeds of the house
8. No encumbrances on the property proof
9. Estimate of work from Architect / Civil Engineer.
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Re: can we get non collateral Loan for abroad MBA   [#permalink] 23 Jan 2019, 21:05
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can we get non collateral Loan for abroad MBA

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