Education Loan without Collateral
                     Education Loan wi
thout Collateral
Educational loans are great financial aid to 
students who want to pursue studies in India 
or abroad. It helps students pursue their 
dream of studying and achieving admission 
to a university. 
WeMakeScholars
Govt. Funded Organization
Introduction to 
Education Loan without collateral
Non-collateral  or 
Noun-ncosllaetecraul r oer dun sleocuarend  liosa na is  a 
tytpye pof elo aon fw hloerae nth ew stuhdenrte d otehs neo t 
resqtuuired teo npletd igse  annyo cto llraeteqraul inir oerdder  
to avail a loan.
to pledge any collateral 
in order to avail an 
education loan.
Govt. Funded Organization
What if you do not have any 
collateral?
You need not pledge collateral to any Govt. bank if 
you are availing a loan up to INR 4 lakhs.
According to guidelines set by RBI, all banks have 
provision to provide education loan without collateral 
up to INR 7.5 lakhs when certain criteria are met.
If you want to avail an education loan that is more 
than INR 7.5 lakhs, private and NBFCs (Non-Banking 
Finance Corporations) provide loans up to INR 50 lakhs 
without security.
Which banks can you approach for 
education loan without collateral?
The aforementioned non-
banking finance companies 
(NBFC) provide collateral-free 
education loans till INR 50 lacs 
as well. The interest rate of 
Incred, Avanse, Auxilo is 
between 10.5% to 13.5%.
What is the loan procedure for education loan 
without collateral?
Fill the online 
application form
WMS would 
connect you 
with the Processing 
nearest bank  Bank officials verify officer verifies 
it and send it to the the application 
processing centre. and sanctions 
the loan.
Govt. Funded Organization
What is the loan procedure for education loan 
without collateral?
Disbursement 
After the loan is sanctioned, you agreement is 
will be required to sign the signed and 
documents. disbursement of 
loan amount 
takes place.
Why apply via WeMakeScholars? 
WeMakeScholars WILL NOT collect any documents.
Everything will be submitted to the bank itself for confidentiality reasons. 
This way, you get complete end-to-end support from the WeMakeScholars 
team with trust.
 If u apply directly to any bank/ NBFC, you might get rejection without any 
proper explanation. Contrarily, if you apply via WeMakeScholars, the team 
will negotiate with the lender to find other ways/ additional documents 
which can increase your chance of approving the education loan. 
Free of
c  ost
s  ervice
Thc ank 
You
Govt. Funded Organization