What Expenses Does An Education Loan Cover

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!

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.

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.

Academic profile

The student’s academic profile is assessed for determining their merit. Meritorious students can avail of the loan easily.

Course and university selected

The course being funded, and the university selected are also taken into consideration, especially if you are going abroad. 

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.

These factors determine the loan sanction. For easy approvals, choose Metra Trust’s collateral-free education loans up to ₹ 50 lakhs*.