Which bank in India provides a loan of amount 10 lakh without collateral to study in a Canadian College?

Hi Private banks like Axis Bank, ICICI Bank, HDFC, etc. Offer students a loan amount upto 40 Lacs without collateral. Education loans are guaranteed under the Central government's Credit Guarantee Fund Scheme for Education Loans (CGFSEL). As per the scheme, a student can avail education loan without any collateral security or third party guarantee up to a maximum loan amount of inr 7.5 Lacs. Some non banking finance companies (NBFC) or Private Banks provide collateral free or unsecured education loans for Canada. These include Incred, Avanse, Auxilo, ICICI etc. Both public and private banks give education loan without collateral. The difference is the loan amount. Public banks give maximum of INR 7.5L while Private banks can lend up to INR 40 Lacs. Also there is an option to go with NBFCs which works same as private bank.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

Hello, you could try getting an education loan from a government bank like Punjab National Bank. The PNB also has PNB Udaan, the education loan scheme, to assist students who want to study abroad. You can also try applying for an education loan at State Bank of India, Axis Bank, and HDFC Bank. You can read in detail about their loan criteria and conditions on this page: https://studyabroad.shiksha.com/education-loan-applycontent61319.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

In India several banks offers study abroad loans without the needs of collateral. 1. SBI GLOBAL ED-VENTURE 2. AXIS BANK'S EDUCATION LOANS FOR STUDIES ABROAD 3. HDFC CREDILA 4. ICICI BANK.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment