EasyShiksha × UniCreds education loans
Education loan with collateral
Use property or a fixed deposit as security to borrow larger amounts, up to ₹2 – 3 crore with some lenders, usually at lower interest rates.
- From 8.33% p.a.*
- Sanction in 48 hours*
- No-collateral options
- Save up to ₹15 lakh*
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Good to know before you apply
What you can use as collateral
Residential property, non-agricultural land, commercial property and fixed deposits are most common. Some lenders also accept LIC policies or government bonds. The property usually belongs to the co-applicant.
How much lenders give against it
As a guide: property 70% – 90% of value, fixed deposits 90% – 95%, life insurance and government bonds 80% – 90%. Punjab National Bank, for example, lends up to 80% of property value and 75% of FD value.
Points to check
Valuation and legal charges, whether the rate is linked to a benchmark such as the repo rate, margin money, and the tax benefit on interest under Section 80E.
Collateral or no collateral?
Both can fund up to 100% of your costs*. It comes down to how much you need and what your family can offer as security.
| No collateral | With collateral | |
|---|---|---|
| How much | Usually up to ₹45 lakh*; up to ₹1 crore with some lenders | Up to ₹1.5 crore* and more with some lenders |
| Security | None. Based on your admit and your co-applicant’s income | Property or fixed deposit |
| Interest | Generally higher | Generally lower |
| Best for | Strong admits, STEM and management courses | Pricier or longer courses, bigger amounts |
| Learn more | Collateral-free loans | Secured loans |
Compare education loan lenders
Starting rates and maximum loan amounts, side by side. Tap a lender for full details.
| Lender | Type | Interest (p.a.)* | With collateral | Without collateral | Processing fee |
|---|---|---|---|---|---|
|
ICICI Bank
|
Private bank | From 10% | ₹2 crore | ₹1 crore | 0.5% – 1% + GST |
|
Axis Bank
|
Private bank | From 9.5% | ₹3 crore | ₹75 lakh | 0.5% – 1% + GST |
|
IDFC FIRST Bank
|
Private bank | From 9% | ₹2 crore | ₹75 lakh | 0.5% – 1% |
|
YES Bank
|
Private bank | From 11% | ₹2 crore | ₹50 lakh | 0.5% – 1% |
|
Union Bank of India
|
Public sector bank | From 9.30% | ₹75 lakh | ₹40 lakh (listed universities only) | ₹5,000, refundable |
|
Punjab National Bank
|
Public sector bank | From 9.25% | ₹2 crore | ₹8 lakh | From 0.5% |
|
Credila
|
NBFC | From 9.95% | No upper limit | ₹75 lakh | 0.85% – 1% of the loan |
|
Avanse
|
NBFC | From 10.75% | ₹2 crore | ₹1 crore | 0.5% – 1% + GST |
|
Avanse Global
|
NBFC | From 10% | Not offered | Based on your profile | From 3.99% |
|
InCred
|
NBFC | From 11.4% | ₹2 crore | ₹75 lakh | From 1% |
|
Auxilo
|
NBFC | From 11.25% | ₹2 crore | ₹80 lakh | From 0.5% |
|
Tata Capital
|
NBFC | From 11% | ₹2 crore | ₹75 lakh | 0.5% – 1% |
|
Poonawalla Fincorp
|
NBFC | From 10% | ₹3 crore | ₹1 crore | From 0.75% |
|
Edgro
|
NBFC | From 11.5% | Not offered | ₹1 crore | From 1% |
|
FinZ
|
NBFC | From 10.75% | Not offered | ₹75 lakh | 0.75% – 1.25% |
|
Prodigy Finance
|
International lender | Variable | Not required | Based on your course and school | From 5% |
|
MPOWER Financing
|
International lender | From 12.99% | Not offered | Up to ₹95 lakh | Ask your loan expert |
*As published by UniCreds, Oct 2026. Final terms depend on your profile and the lender’s assessment.
Frequently asked questions
How much can I borrow with collateral?
Up to ₹2 – 3 crore with lenders like Axis Bank and Poonawalla Fincorp, and with no fixed upper limit at Credila, depending on collateral value*.
Is a secured loan cheaper?
Usually yes. With security in place, lenders generally offer lower rates.
Can I use a relative’s property?
Usually the property must belong to you or your co-applicant. Some lenders accept third-party property with the owner as guarantor.
Can I save tax on the interest?
Interest on an education loan may be deductible under Section 80E for up to 8 years. Check with your tax advisor.
Education loans by country
Costs, intakes and visa money rules change by country. Pick yours for a quick guide.
- USA Intakes: Fall (Aug–Sep) Loan guide
- UK Intakes: September (main) Loan guide
- Canada Intakes: September (main) Loan guide
- Australia Intakes: February (main) Loan guide
- Germany Intakes: Winter semester (Oct) Loan guide
- Ireland Intakes: September (main) Loan guide
- France Intakes: September (main) Loan guide
- New Zealand Intakes: February (main) Loan guide
Got the admit? Let’s get it funded.
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*Interest rates, sanction times, savings, loan amounts, fees and other terms are indicative, as published by UniCreds, and depend on the lender and on the student’s and co-applicant’s profile, course and country. Education loans are provided by banks and NBFCs through UniCreds Private Limited. EasyShiksha (EdSpectra Global Private Limited) refers students to UniCreds and does not lend money or guarantee any loan. Lender names and logos belong to their owners. Cost figures are approximate.