EasyShiksha × UniCreds education loans
Education loan without collateral
Collateral-free education loans of up to ₹45 lakh*, and up to ₹1 crore with some lenders, based on your admit and your co-applicant’s income.
- From 8.33% p.a.*
- Sanction in 48 hours*
- No-collateral options
- Save up to ₹15 lakh*
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20,000+ students have funded their studies with UniCreds
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Good to know before you apply
Who gets approved without collateral
Lenders mainly look at three things: the university and course you’ve been admitted to, your grades and test scores, and your co-applicant’s income and credit score. Admits to well-ranked universities for STEM and management courses tend to get the best offers.
Lenders with the highest collateral-free limits
ICICI Bank, Avanse, Poonawalla Fincorp and Edgro go up to ₹1 crore; Auxilo up to ₹80 lakh; Axis Bank, IDFC FIRST Bank, Credila, InCred, Tata Capital and FinZ up to ₹75 lakh*. MPOWER Financing and Prodigy Finance lend without a co-signer for eligible universities.
Compare more than the interest rate
Check whether the rate is fixed or floating, the processing fee, the moratorium and whether interest is due while you study, and whether funds can be released before your visa for a GIC or blocked account.
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
What is the maximum collateral-free education loan?
Usually around ₹45 – 75 lakh, and up to ₹1 crore with some lenders, depending on your university, course and co-applicant.
Do I still need a co-applicant?
With Indian banks and NBFCs, usually yes. International lenders like MPOWER Financing and Prodigy Finance may not need one.
Is the interest rate higher without collateral?
Generally yes, because the lender takes more risk without security.
Which countries are covered?
The USA, UK, Canada, Australia, Germany, Ireland and many other countries, depending on the lender.
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.