Can I get an education loan for my daughter to study in Canada without collateral security?

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Author: DR.N.V. Srinivasa Rao      Post Date: 15 Apr 2023        
There are some banks offering loans without collateral security. But they may ask for third-party security.

1. Union Bank of India is offering loans for studies in a foreign country without collateral security. You can refer to the website of this bank for complete details.

2. You can get an education loan from some other banks also without any collateral security. But there will be a restriction on the total loan that will be sanctioned. To study in Canada, you can get a loan of up to Rs.7.5/- lakhs without any collateral security.

3. Axis Bank and ICICI Bank are the two private banks offering loans to study in Canada. Avanse, Incred are the two NBFC offering loans to study in Canada. There is no necessity for Collateral security. Please go through their websites for further details.
Author: Raveena Madhubalan      Post Date: 25 Apr 2023        
Yes, you can get an education loan for your daughter to study in Canada without collateral security. I know this firsthand because I recently used an education loan to get my son into a Canadian college.

It was a great option for us since we didn't have to worry about collateral security. We applied through our preferred bank, went through their approval process, and were soon on our way to getting my son the education he needed.

The loan process was easy and straightforward. All we had to do was present documents to show our son's financial need and our capacity to repay the loan. The loan terms and rate of interest were also very fair and transparent.

In the end, my son was able to get the education loan he needed to study in Canada. I'm so glad that this loan option was available, as it made it much easier for us to access the resources necessary for his education. I would definitely recommend this to anyone in need of an education loan to cover their studies in Canada.
Author: Dinesh Sood      Post Date: 16 Apr 2023        
An education loan is the best way to get money with reasonable interest rates to study in any foreign country.

Generally, you can get up to INR 700000 from any leading banks or non-banking financial institutions, without collateral security to study in any Canada and some other countries.

If your CIBIL score is higher then the bank or institution can give a higher loan without any collateral security in the special case.

I had taken INR 880000 from a non-banking financial institution without any collateral security for my son to study in Canada.
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