Education loan Education loan

1 year ago

How can I get education loan without collateral? All government and non-government banks including NBFCs asking me for collateral papers even after submitting all legal documents.

Anik

Responded 1 year ago

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A.Dear Client

To get an education loan without collateral, you can consider applying to banks that offer loans specifically for education, such as the State Bank of India or the Canara Bank. You can also look into government schemes like the Pradhan Mantri Vidya Lakshmi Scheme or the Central Sector Interest Subsidy Scheme.
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Kishan Dutt Kalaskar

Responded 1 year ago

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A.Dear Sir,
It is the policy of Bankers as per the instructions of RBI to sanction loans only when borrower arranges for collateral.
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