HOW MUCH EDUCATION LOAN CAN I GET

How Much Education Loan Can I Get

How Much Education Loan Can I Get

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The Highest Loan Amount Available in India Without Collateral

Introduction

Although it is frequently expensive, higher education is a crucial first step in any student's career. To pay for engineering, medical, legal, or management courses, many parents and students turn to education loans. How Much Education Loan Can I Get? Although financial institutions and banks provide both safe(with collateral) and unsecured (without collateral) loans, students often inquire: How much is the highest amount of an education loan that I can obtain in India without providing collateral?

The highest amount you can anticipate, whether banks or NBFCs offer unsecured College loans, how they operate in 2025, and how to improve your chances of getting approved are all covered in this article.

Without collateral, how much can you borrow?

The average maximum amount of an education loan in India that can be obtained without collateral in 2025 is ₹7.5 lakh. Private banks and NBFCs, however, might provide up to ₹10–15 lakh in some circumstances, particularly if you are: 


  • Enrolled at a prestigious university (IIT, IIM, NIT, AIIMS, etc.)

  • Enrolling in a career-focused or in-demand professional course

  • supported by a solid credit history and the income of the co-applicant


Typical Loan Limits (Unsecured):





















Lender Type Loan Limit Without Collateral
Public Banks (SBI, PNB) Up to ₹7.5 lakh
Private Banks (Axis, ICICI) ₹7.5 – ₹10 lakh
NBFCs (HDFC Credila, Avanse) ₹10 – ₹15 lakh (in select cases)

Qualifications for Unsecured Loans


You must be accepted into an accredited university in India or overseas to be eligible for an education loan without collateral.




  • Select an undergraduate or graduate program that has a high employment rate, such as engineering, MBA, MBBS, etc.




  • Have a parent or guardian who is also applying and who has a high income and a CIBIL score of at least 700.




  • Send in all necessary paperwork, including the admission letter, the fee schedule, proof of identification and address, and proof of income.




Benefits and Drawbacks of Unsecured Loans


Advantages




  • No requirement to pledge assets or property




  • Quicker processing




  • Perfect for pupils who don't have any family assets




Drawbacks




  • Higher interest rates (9.5% to 13.5%)




  • Compared to secured options, the loan maximum is typically smaller.




  • The co-applicant's financial stability is a major determinant of approval.




How to Increase the Amount of Your Unsecured Loan

  • Apply for access to several public banks via the Vidya Lakshmi Portal.



  • Select financial institutions from the bank's top or approved list.



  • Continue to have a solid academic record to lower perceived risk.



  • Before applying, raise the co-applicant's credit score.

  • For better limitations, compare the options offered by banks and NBFCs.


Conclusion

Depending on their academic and financial backgrounds, Indian students can expect to get up to ₹7.5 lakh from public banks in 2025 without collateral, and up to ₹10–15 lakh from private lenders and NBFCs. How Much Education Loan Can I Get? Although many families find unsecured loans to be a handy option, a number of criteria, such as the co-applicant's salary, credit score, and the course or institution they have chosen, affect the loan limit.

Students should get ready early, collect solid documents, and look into a variety of loan sources in order to obtain the maximum amount.

 

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