Should You Take Education Loans Without A Collateral?
IDFC FIRST Bank
Unsecured education loans requiring no collateral can be the right choice for students with limited assets. Here’s all you need to know about them.
IDFC FIRST Bank
No collateral needed
Easy! You don’t have to pledge any asset to get the loan since the funds are granted based on your financial standing.
IDFC FIRST Bank
Easy availability
The loans are sanctioned with simpler steps and give quick funds to pay for higher education. You can also apply online for faster approvals.
IDFC FIRST Bank
Comprehensive use
The loan covers almost all types of expenses incurred on education like tuition fee, examination fee, library or lab fee, hostel fees, etc.
IDFC FIRST Bank
But also know about these!
• Limited loan amount
• Higher interest rates
• Requirement of a co-signer or third-party guarantor
• Income and credit score requirements
IDFC FIRST Bank
Finalize your requirement & analyse the factors involved. Unsecured loans are better if you have limited or no assets. But secured loans are a better option if you do have valuable assets.
IDFC FIRST Bank
IDFC FIRST Bank offers one of the best education loans without collateral. Get loans of up to 1 Crore* at attractive interest rates starting 9%* p.a. and achieve your dreams!