Collateral Free Loans for India Students in Top20 US BSchools

Hey,

In case you do not have collateral there are some non-collateral options as well. They may not be able to match the funds that you need but can be useful. We are here to help you understand how to get a study loan without needing to provide any collateral. You can explore options from private banks, NBFCs in India, or even international lenders. Let's break it down for you.

Private banks and NBFCs can help you secure an education loan for studying MBA abroad. Private banks and NBFCs may require a co-applicant with a minimum income and no liabilities,

Axis Bank offers a maximum loan amount of up to 50 Lakhs INR with a competitive rate of interest ranging from 11% to 13.50%. Additionally, a margin money requirement of 5% is applicable. Similarly, ICICI Bank provides a maximum loan amount of up to 50 Lakhs INR, featuring an interest rate between 10.85% and 12.50%. The margin money requirement varies from 0% to 15%. For those considering IDFC FIRST Bank, the maximum loan amount is up to 35 Lakhs INR, with an interest rate ranging from 11.75% to 13.25%. Notably, IDFC FIRST Bank does not impose any margin money requirement.

HDFC Credila extends a maximum loan amount of up to 40 Lakhs INR, with an interest rate in the range of 12% to 13%. Similar to IDFC FIRST Bank, HDFC Credila does not require any margin money. Moving on to Auxilo, the maximum loan amount offered is up to 40 Lakhs INR, accompanied by an interest rate ranging from 12.50% to 13.50%. No margin money is specified by Auxilo. Incred, like Auxilo, provides a maximum loan amount of up to 40 Lakhs INR, with an interest rate between 12.50% and 13.50%. No margin money is mandated for Incred. Avanse offers a maximum loan amount of up to 40 Lakhs INR, featuring an interest rate ranging from 12.50% to 13.50%. Similar to Auxilo and Incred, Avanse does not require any margin money.

Securing an education loan for studying MBA abroad can be a smooth process if done correctly and with the right institution. Instead of managing the process independently with multiple lenders, GyanDhan offers a simplified solution for obtaining an education loan. All you have to do is check your eligibility through GyanDhan and complete your education loan process with ease.