Finances should never stop you from studying abroad. A non-collateral (unsecured) education loan lets Indian students fund their overseas education without pledging property or fixed deposits. Here's how it works and how KC Overseas helps you get approved.
Collateral vs Non-Collateral Loans
- Collateral loan — backed by property/FD; higher amounts, lower interest
- Non-collateral loan — no security; based on the co-applicant's income and your admission profile
Eligibility for a Non-Collateral Loan
- Admit from a recognised university abroad
- A co-applicant (parent/guardian) with stable income
- Good academic record and course/university ranking
- Strong repayment potential of the chosen program
What the Loan Covers
- Tuition fees
- Living expenses
- Travel and insurance
- Laptop, books and study materials
Typical Lenders
Public banks, private banks and NBFCs (such as HDFC Credila, Avanse, InCred, Auxilo and international lenders like Prodigy Finance and MPOWER) offer non-collateral study-abroad loans. Amounts, interest rates and limits vary by lender and profile.
How KC Overseas helps
- Match you with the right lender for your profile
- Prepare and review your loan documents
- Coordinate sanction and disbursement timelines with your visa
Need a study-abroad loan without collateral?
Get free loan guidance from KC Overseas Education, Vizag.
Frequently Asked Questions
Can I get an education loan for study abroad without collateral?
Yes. Many banks and NBFCs offer non-collateral education loans based on your admission and your co-applicant's income, typically up to a defined limit.
What is the maximum non-collateral loan amount?
Limits vary by lender and profile — often up to around ₹40–50 lakh for strong applicants and top universities. We help you find the best fit.
Is there a tax benefit on education loans?
Yes. Under Section 80E of the Income Tax Act, the interest paid on an education loan is tax-deductible for up to 8 years.