Introduction
Higher education is an important stepping stone in every student’s career, but it often comes with a hefty price tag. Many students and parents look to education loans to fund courses in engineering, medicine, law, or management. How Much Education Loan Can I Get? While banks and financial institutions offer both secured (with collateral) and unsecured (without collateral) loans, students frequently ask: What’s the maximum education loan I can get without offering collateral in India?
This article explains how unsecured education loans work in 2025, the maximum amount you can expect, which banks or NBFCs offer them, & how to increase your chances of approval.
How Much Loan Can You Get Without Collateral?
In 2025, the typical maximum How Much Education Loan Can I Get without collateral in India is ₹7.5 lakh. However, under certain conditions, private banks and NBFCs may offer up to ₹10–15 lakh, especially if you are:
- Enrolled in a premier institution (IIT, IIM, NIT, AIIMS, etc.)
- Taking a job-oriented or high-demand professional course
- Backed by a strong co-applicant income and credit history
Typical Loan Limits (Unsecured):
| Lender Type | Loan Limit Without Collateral |
| Public Banks (SBI, PNB) | Up to ₹7.5 lakh |
| Private Banks (Axis, ICICI) | ₹7.5 – ₹10 lakh |
| NBFCs (HDFC Credila, Avanse) | ₹10 – ₹15 lakh (in select cases) |
Eligibility Criteria for Unsecured Loans
To qualify for an education loan without collateral, you need to:
- Get admission to a recognized university in India or abroad.
- Choose a UG/PG course with high employability (like engineering, MBA, MBBS, etc.).
- Have a co-applicant (parent/guardian) with a good income and a CIBIL score above 700.
- Submit all required documents like admission letter, fee structure, ID/address proof, and income proof.
Pros and Cons of Unsecured Loans
Pros
- No need to pledge property or assets
- Faster processing
- Ideal for students without family-owned collateral
Cons
- Higher interest rates (9.5% – 13.5%)
- The loan cap is usually lower than secured options.
- Approval depends heavily on the co-applicant’s financial strength.
Tips to Maximize Your Unsecured Loan Amount
- Apply through the Vidya Lakshmi Portal for access to multiple public banks.
- Choose institutions on the bank’s approved or premier list.
- Maintain a strong academic record to reduce perceived risk.
- Improve the co-applicant’s credit profile before applying.
- Compare options between banks and NBFCs for better limits.
Conclusion
In 2025, students in India can generally get up to ₹7.5 lakh without collateral from public banks and up to ₹10–15 lakh from private lenders and NBFCs, depending on their academic and financial profiles. How Much Education Loan Can I Get While unsecured loans are a convenient choice for many families, the loan limit is influenced by several factors, including the co-applicant’s income, credit score, and the chosen course or institution.
To secure the highest possible amount, students should prepare early, gather strong documentation, & explore multiple lending options.