Can I get ₹25 lakhs education loan without collateral?

Yes, it is possible to get an education loan of ₹25 lakhs without any collateral, but you need to meet certain eligibility criteria.

Here are some tips to increase your chances of getting an unsecured education loan:

• Maintain a strong academic record: Good grades and a consistent academic performance can improve your chances of approval.
• Choose a prestigious institution: Studying at a well-recognized university can enhance your loan application.
• Have a co-applicant with a good credit score: A co-applicant with a strong financial profile can strengthen your loan application.
• Explore government-backed schemes: Some governments offer education loan schemes with lower interest rates and flexible repayment terms.

It's recommended to compare offers from different lenders to find the best terms and interest rates. You can also consult with a financial advisor for personalized guidance. You may also use an online education loan EMI calculator to understand the interest payable and the EMI.

Overall, a stellar academic profile supplemented by a strong co-applicant and smart course/university selection can help you secure a ₹25 lakhs education loan without any collateral. Approach financial institutions that specialise in non-collateral lending for the best experience.