A collateral-free education loan is a great way to step into the next phase of your career. Here’s what you need to know about it!
IDFC FIRST Bank
A collateral-free education loan is one which does not require you to pledge any security. The loan is offered based on your profile and other criterion.
IDFC FIRST Bank
Features of collateral-free loans : Limited amount
The loan amount is usually limited since the lender faces a repayment default in the absence of a collateral.
IDFC FIRST Bank
Academic profile
The student’s academic profile is assessed for determining their merit. Meritorious students can avail of the loan easily.
IDFC FIRST Bank
Course and university selected
The course being funded, and the university selected are also taken into consideration, especially if you are going abroad.
IDFC FIRST Bank
Co-applicant and credit score
The student’s co-applicant for the loan, the co-applicant’s income and credit score should be suitable to get the loan.
IDFC FIRST Bank
These factors determine the loan sanction. For easy approvals, choose IDFC FIRST Bank’s collateral-free education loans up to ₹ 50 lakhs*.