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Private education loan

The NBFCs primarily offer an education loan for students pursuing any of the STEM courses i.e Science, Technology, Engineering and Mathematics courses at the host country. They offering to fund to a non-STEM course is rare.<br>Host countries eligible for private education loan includes the top 5 destinations where students opt to study abroad- US, Canada, Germany, Ireland, and Australia. Well ranked and top universities in other countries are also eligible on a case to case basis.

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Private education loan

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  1. Private Education Loan

  2. 1 Private Education Loan without collateral Who provides Private Education Loan without collateral? 2 TABLE OF CONTENTS 3 Which Countries and Courses are Eligible 4 Advantages of applying forprivate education loan 5 Partially Secured Education loan

  3. Education loans are widely known financial aid to students who want to pursue studies abroad. Some of the students do not have enough security or collateral to take the loan against. Private education loan without collateral is the next best option for such students. 

  4. Private Education Loan without collateral (What is it?) A Non-Collateral education Loan is a loan that does not require the applicant or co-applicant to place any collateral or security. Nevertheless, other factors like co-applicant's income and the candidate's earning potential are taken into account. NOTE: The Co-applicant can be parents, siblings, parent’s siblings. Cousins are also accepted in rare cases. Spouses are not eligible as a co-applicant.

  5. Who provides Private Education Loan without collateral? Private Education Loan without collateral is usually offered by Non-Banking Financial Company commonly referred to as NBFCs. The NBFCs operating primarily in the education loan segment in India are Avanse, Incred, HDFC Credila and Auxilo. We at WeMakeScholars work with all the above NBFCs except Credila. There are certain benefits you can be eligible for when you apply to these NBFCs via WeMakeScholars, rather than applying on your own directly.

  6. Which Countries and Courses are Eligible for a Private Education Loan Without Collateral? The NBFCs primarily offer an education loan for students pursuing any of the STEM courses i.e Science, Technology, Engineering and Mathematics courses at the host country. They offering to fund to a non-STEM course is rare. Canada US Germany Australia Ireland

  7. Private education loan without collateral - Amount offered up to Rs. 50 lakhs up to Rs. 15-18 lakhs up to Rs. 10-15 lakhs. up to Rs. 25- 30 lakhs USA Australia Canada Germany

  8. Best customer support and cash back A lower rate of interest Low processing time Deviations possible

  9. Partially Secured Education loan If the applicant’s profile is not eligible for private education loan without collateral, then they could place partial security and gain a partially secured loan. The amount of this security can be much lower than the amount of loan the applicant is seeking. This is not a well-known practice but can greatly increase the chance of you getting a loan.

  10. All services are free of cost WeMakeScholars is a Government funded organization supported by Ministry of IT under Digital India Campaign.

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