Secured vs Unsecured Education Loan for Abroad Studies

Secured vs Unsecured Education Loan for Abroad Studies


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Top Lenders for Education Loans

Lender / Institution Loan Type Max Loan Amount Interest Rate (Approx.) Special Notes
State Bank of India (SBI) Secured ₹1.5 Crore 9.95% – 10.65% Lower rate for female students
Union Bank of India (UBI) Secured ₹1.25 Crore 10% – 10.75% 15-year repayment available
ICICI Bank Unsecured ₹50 Lakhs 10.75% – 12.5% Faster processing for Tier-1 universities
Axis Bank Unsecured ₹50 Lakhs 11% – 12.75% Pre-visa disbursement option available
Credila Unsecured ₹60 Lakhs 11% – 13% Flexible co-applicant policy
Avanse Financial Services Unsecured ₹40 – 50 Lakhs 11% – 13.25% Quick approval, minimal documentation
InCred Finance Unsecured ₹40 – 45 Lakhs 10.75% – 12.75% Tailored repayment flexibility
MPOWER Financing International (USD) Up to USD 100,000 12% – 14% No co-applicant or collateral required
Prodigy FinancE International (USD) Up to USD 100,000 11% – 13% No Indian documentation needed
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Best Partners for Education Loan

SBI

Union Bank

BOB

PNB

Yes Bank

Idfc Bank

Icici Bank

Axis Bank

Credila

Avanse

Mpower

Incred

Auxilo

Poonawalla

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