A collateral-free education loan is a great way to step into the next phase of your career. Here’s what you need to know about it!
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A collateral-free education loan is one which does not require you to pledge any security. The loan is offered based on your profile and other criterion.
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Features of collateral-free loans : Limited amount
The loan amount is usually limited since the lender faces a repayment default in the absence of a collateral.
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Academic profile
The student’s academic profile is assessed for determining their merit. Meritorious students can avail of the loan easily.
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Course and university selected
The course being funded, and the university selected are also taken into consideration, especially if you are going abroad.
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Co-applicant and credit score
The student’s co-applicant for the loan, the co-applicant’s income and credit score should be suitable to get the loan.
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These factors determine the loan sanction. For easy approvals, choose Metra Trust’s collateral-free education loans up to ₹ 50 lakhs*.