Should You Take Education Loans Without A Collateral?

Unsecured education loans requiring no collateral can be the right choice for students with limited assets. Here’s all you need to know about them.

No collateral needed

Easy! You don’t have to pledge any asset to get the loan since the funds are granted based on your financial standing. 

Easy availability

The loans are sanctioned with simpler steps and give quick funds to pay for higher education. You can also apply online for faster approvals.

Comprehensive use

The loan covers almost all types of expenses incurred on education like tuition fee, examination fee, library or lab fee, hostel fees, etc.

But also know about these!

• Limited loan amount
• Higher interest rates
• Requirement of a co-signer or third-party guarantor
• Income and credit score requirements

Finalize your requirement & analyse the factors involved. Unsecured loans are better if you have limited or no assets. But secured loans are a better option if you do have valuable assets.

Metra Trust offers one of the best education loans without collateral. Get loans of up to 1 Crore* at attractive interest rates starting 9%* p.a. and achieve your dreams!