Key Features of an Education Loan Without Collateral

Key Features of an Education Loan Without Collateral For students looking to pursue higher education in countries like the USA, the UK and Canada, educational expenses can add up quickly. Expenses such as tuition fees, accommodation and travel costs, learning equipment and everyday living costs require significant financial investment. But for many individuals, these expenses can often feel like a barrier to achieving their dreams. This is where collateral-free education loans for abroad offer a reliable solution to bridge this financial gap, enabling students to pursue quality education abroad. 

Loan Amount  While the loan amount you can borrow depends on your creditworthiness and the lender’s policies, several NBFCs and banks provide loans that cover up to 100% of the education cost, including tuition, accommodation, travel and even other miscellaneous expenses, removing the burden of arranging funds. Allowing students to begin their educational journey without any financial stress.

Interest Rate The education loan interest rates directly impact the overall cost of the education. While collateral-free or unsecured loans may carry a slightly higher interest due to the lender’s risk, institutions such as Avanse Global offer competitive and transparent structures. Students can benefit from competitive rates depending on their academic performance, course, and university ranking and future earning potential. 

Repayment A reliable education loan allows you to repay comfortably. A lender that allows repayments to be made in the same currency as the income helps simplify payments and cut down on currency conversion costs, saving thousands throughout the repayment period. Several lenders also provide a grace or moratorium period after course completion, reducing the financial burden on students’ lives.  Unsecured education loans are a gateway for students to access world-class education while saving costs and making their study abroad goals realistic.

About the Company Avanse Global Finance is an education-focused and tech-advanced NBFC in India that offers hyper-personalised education loans for studying in the USA. The company makes higher education

goals achievable through secured and unsecured student-friendly education loans and education loan refinancing. Avanse Dollar loans are offered at a higher credit facility, competitive interest rates, longer tenure options and zero forex conversion cost. These loans provide up to 100% cover on the holistic cost of education, allowing students to pursue studies abroad hassle-free.

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