{"id":8687,"date":"2026-05-18T04:56:39","date_gmt":"2026-05-18T04:56:39","guid":{"rendered":"https:\/\/www.extravelmoney.com\/blog\/?p=8687"},"modified":"2026-05-18T04:56:43","modified_gmt":"2026-05-18T04:56:43","slug":"online-non-collateral-education-loan-guide","status":"publish","type":"post","link":"https:\/\/www.extravelmoney.com\/blog\/online-non-collateral-education-loan-guide\/","title":{"rendered":"How to Get an Online Non-Collateral Education Loan"},"content":{"rendered":"\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a108efcab61e&quot;}\" data-wp-interactive=\"core\/image\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1-1024x576.jpg\" alt=\"Blog cover image with the title 'No Property for Security? You Can Still Get an Education Loan'.\" class=\"wp-image-8689\" style=\"box-shadow:var(--wp--preset--shadow--natural)\" srcset=\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1-1024x576.jpg 1024w, https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1-300x169.jpg 300w, https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1-768x432.jpg 768w, https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1-1536x864.jpg 1536w, https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Blog cover image with the title &#039;No Property for Security? You Can Still Get an Education Loan&#039;.\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Planning to study abroad but don\u2019t have assets to pledge? A non-collateral education loan can help you finance your overseas education without security. Here\u2019s everything you need to know before applying.&nbsp;<\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/www.extravelmoney.com\/blog\/icici-globetrotter-international-student-insurance-complete-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">Complete Guide to ICICI Globetrotter Student Insurance<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">What is a Non-Collateral Education Loan<\/h2>\n\n\n\n<p>A non-collateral education loan allows students to borrow without needing to secure the loan with assets. This is beneficial for those wanting to study abroad but lack collateral. Repayment ability is assessed based on the co-applicant&#8217;s financial status, the student&#8217;s academic performance, and the course&#8217;s job prospects.&nbsp;<\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Difference Between Collateral and Non-Collateral Overseas Education Loans<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>Collateral Loan<\/strong><\/td><td><strong>Non-Collateral Loan<\/strong><\/td><\/tr><tr><td>Asset Requirement<\/td><td>Requires assets like property or savings as security<\/td><td>Does not require any security<\/td><\/tr><tr><td>Loan Amount<\/td><td>Usually offers a higher loan amount due to security<\/td><td>Usually offers a lower loan amount due to lack of security<\/td><\/tr><tr><td>Interest Rates<\/td><td>Lower interest due to the lesser risk<\/td><td>Higher interest due to the higher risk<\/td><\/tr><tr><td>Processing<\/td><td>More complex and time-consuming due to property evaluation<\/td><td>Simpler and less time-consuming<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Information Required<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Student (Applicant)<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Full Name<\/li>\n\n\n\n<li>Contact Number<\/li>\n\n\n\n<li>Email Address<\/li>\n\n\n\n<li>Current Location (in India)<\/li>\n\n\n\n<li>Permanent Address (with Own\/Rent)<\/li>\n\n\n\n<li>Current Address (with Own\/Rent)<\/li>\n\n\n\n<li>Country of Study<\/li>\n\n\n\n<li>University\/College Name<\/li>\n\n\n\n<li>Admission Status<\/li>\n\n\n\n<li>Estimated Course Fee (INR)<\/li>\n\n\n\n<li>Required Loan Amount (INR)<\/li>\n<\/ol>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Co-Applicant<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Name<\/li>\n\n\n\n<li>Relationship with the applicant<\/li>\n\n\n\n<li>Email<\/li>\n\n\n\n<li>Mobile Number<\/li>\n\n\n\n<li>Occupation and Approximate Salary or CIBIL Score<\/li>\n<\/ol>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Documents Required<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Student (Applicant)<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>PAN Card<\/li>\n\n\n\n<li>Aadhar Card\u00a0<\/li>\n\n\n\n<li>Passport<\/li>\n\n\n\n<li>10th &amp; 12th Mark Sheets<\/li>\n\n\n\n<li>Individual Semester Mark Sheets (all semesters)<\/li>\n\n\n\n<li>Degree Certificate<\/li>\n\n\n\n<li>Consolidated Mark Sheet<\/li>\n\n\n\n<li>Entrance Exam Score Sheet<\/li>\n\n\n\n<li>Admission Letter<\/li>\n<\/ol>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Co-Applicant<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>PAN Card<\/li>\n\n\n\n<li>Aadhar Card<\/li>\n\n\n\n<li>Passport (not mandatory)<\/li>\n\n\n\n<li>Photo<\/li>\n\n\n\n<li>Bank Statement (Last 6 months)<\/li>\n\n\n\n<li>Last 2 Years ITR or Last 3 Months Salary Slip<\/li>\n\n\n\n<li>Proof of Own House (Electricity Bill or Latest Property Tax Receipt with Relationship Proof)<\/li>\n\n\n\n<li>Form 16 (Last 2 years) or Business Proof<\/li>\n<\/ol>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Processing Time Taken<\/h2>\n\n\n\n<p>The time taken to process an online education loan for overseas studies mainly depends on the type of loan applied for. Unsecured loans typically get sanctioned within a week, and secured loans usually take up to 2 weeks or more.<\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">How to Get an Online Overseas Education Loan without Collateral<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Fill out the online KYC form with the necessary information about the student and the co-applicant.<br><\/li>\n\n\n\n<li>Submit soft copies of all essential documents of the student and the co-applicant on time.<br><\/li>\n\n\n\n<li>Once the application is submitted, the lender bank or NBFC verifies the student and co-applicant profiles to determine the eligibility, financial position, course prospects and repayment capacity.<br><\/li>\n\n\n\n<li>The applicable loan amount is granted to the student.<\/li>\n<\/ol>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Pro Tips to Keep in Mind while Applying<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Compare various lending institutions based on their interest rate, moratorium and repayment period, loan amount, loan tenure, processing fee, sanction time and abroad money transfer services before you apply.<\/li>\n<\/ol>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li>STEM courses have a high chance of loan sanction compared to other courses, as they offer better-paying job abroad.<\/li>\n<\/ol>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li>The political stability and the university ranking are considered by lender institutions.<\/li>\n<\/ol>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li>\u00a0The co-applicant\u2019s income and financial status are the key factors, and therefore, they must maintain a high CIBIL score.<br><\/li>\n\n\n\n<li>The academic performance of the student is evaluated to determine their future ability to complete the course and repay the loan.<\/li>\n<\/ol>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Best Way to Get an Online Overseas Education Loan without Collateral<\/h2>\n\n\n\n<p>Having spent a decade in the field of overseas education remittances, we have noticed that many banks take advantage of students and their parents when it comes to loans. Common complaints from students included complicated documentation, time-consuming processing, high interest rates, restrictions on overseas money transfers, and exorbitant exchange rates.<\/p>\n\n\n\n<p>This observation led to the creation of ExTravelMoney education Loans, which is dedicated to helping students achieve their dreams of studying abroad through a simple, online loan processing system.<\/p>\n\n\n\n<p>ExTravelMoney education loans stand out from the rest due to several reasons:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Compare different banks and NBFCs to give you the best loan provider available within your financial and course prospects<\/li>\n\n\n\n<li>Interest rates from 11.25% per year<\/li>\n\n\n\n<li>Loan tenures up to 15 years<\/li>\n\n\n\n<li>Unsecured loan for up to Rs 1 crore<\/li>\n\n\n\n<li>Simple online processing with minimal documentation\u00a0<\/li>\n\n\n\n<li>Flexible repayment structure with a repayment moratorium option<\/li>\n\n\n\n<li>Obtain collateral-secured and non-collateral loans<\/li>\n<\/ol>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Non-collateral education loans offer a convenient way to finance international education without risking family assets. Find tailored education loan solutions at ExTravelMoney along with complete financial support for studying abroad, including secure <a href=\"https:\/\/www.extravelmoney.com\/university-fee-payment\/\" target=\"_blank\" rel=\"noreferrer noopener\">university fee transfers<\/a>, <a href=\"https:\/\/www.icicilombard.com\/travel-insurance\/student-travel-insurance\/?utm_source=ExtravelMoney&amp;utm_medium=Student_blog&amp;utm_campaign=Student_travel_Insurance\" target=\"_blank\" rel=\"noreferrer noopener\">travel insurance<\/a>, and <a href=\"https:\/\/www.extravelmoney.com\/foreign-exchange\/\" target=\"_blank\" rel=\"noreferrer noopener\">foreign currency<\/a> purchases, all at unbeatable exchange rates.<\/p>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.extravelmoney.com\/educational-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">Apply for Education Loan Now<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:4px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/www.extravelmoney.com\/blog\/send-money-abroad-for-education\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to Send Money Abroad for Your Child\u2019s Education<\/a><\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Planning to study abroad but don\u2019t have assets to pledge? A non-collateral education loan can help you finance your overseas education without security. Here\u2019s everything [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":8689,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[34],"tags":[742,39,1049,1050,61],"class_list":["post-8687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-study-abroad","tag-education-loan","tag-indian-students","tag-non-collateral-education-loan","tag-online-education-loan","tag-study-abroad"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Get an Online Non-Collateral Education Loan<\/title>\n<meta name=\"description\" content=\"Learn how to get a non-collateral educational loan for studying abroad. Explore eligibility, documents, approval process, and expert tips with ExTravelMoney.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.extravelmoney.com\/blog\/online-non-collateral-education-loan-guide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Get an Online Non-Collateral Education Loan\" \/>\n<meta property=\"og:description\" content=\"Learn how to get a non-collateral educational loan for studying abroad. Explore eligibility, documents, approval process, and expert tips with ExTravelMoney.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.extravelmoney.com\/blog\/online-non-collateral-education-loan-guide\/\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/extravel\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-18T04:56:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-18T04:56:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ann Mariya Job\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ann Mariya Job\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/online-non-collateral-education-loan-guide\/\",\"url\":\"https:\/\/www.extravelmoney.com\/blog\/online-non-collateral-education-loan-guide\/\",\"name\":\"How to Get an Online Non-Collateral Education Loan\",\"isPartOf\":{\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/online-non-collateral-education-loan-guide\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/online-non-collateral-education-loan-guide\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/05\/edu-loan-cover-image-1.jpg\",\"datePublished\":\"2026-05-18T04:56:39+00:00\",\"dateModified\":\"2026-05-18T04:56:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/#\/schema\/person\/ade467876e30c4017219bd4876937c77\"},\"description\":\"Learn how to get a non-collateral educational loan for studying abroad. 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