HOW MUCH EDUCATION LOAN CAN I GET

How Much Education Loan Can I Get

How Much Education Loan Can I Get

Blog Article

How Much Can You Get in an Education Loan With Collateral?

Introduction

How Much Education Loan Can I Get? For many Indian students, education loans are essential due to the growing expense of higher education, particularly in engineering, medicine, and abroad programs. Although there are advantages to unsecured loans (loans without collateral), they frequently have a ₹7.5–₹10 lakh cap. Offering collateral might greatly boost your eligibility and loan amount if your college education necessitates a greater expenditure.

What is the maximum amount of an education loan that may be obtained in India using collateral? This article examines how students can be accepted for loans above ₹20–₹50 lakh through public and private institutions, as well as the maximum restrictions and factors influencing the sanctioned amount. Lenders in 2025.

A Secured Education Loan: What Is It?


A secured education loan is one where you pledge an asset as collateral to the bank or financial institution. This collateral can be:

  • Residential property (house or flat)


  • Non-agricultural land


  • Fixed deposits


  • Government bonds


  • LIC policies


Offering security reduces the bank’s risk, How Much Education Loan Can I Get allowing it to approve higher loan amounts at better interest rates.

Maximum Loan You Can Get With Collateral





























Lender Maximum Secured Loan Amount (2025)
SBI Global Ed-Vantage Up to ₹1.5 crore
Canara Bank/IIBI Scheme ₹30 lakh – ₹40 lakh
Bank of Baroda Up to ₹80 lakh
Private Banks (Axis, ICICI) ₹50 lakh or more
NBFCs (HDFC Credila, Avanse) ₹75 lakh – ₹1 crore

Note: The market value of the collateral, the borrower's ability to repay, and the type of course all affect the final amount approved.

Benefits of Providing Collateral

  • Increased loan amount (from ₹20 lakh to ₹1 crore+)

  • extended payback durations (up to 15 years)

  • Increased likelihood of approval, especially for trials conducted abroad


Qualifications for Eligibility

To qualify for a secured high-value loan:

  • You must be admitted to a recognized course or institution with confirmation.

  • A co-applicant with a steady income is required.

  • The provided asset or property must be legitimately owned and validated.

  • Before approving, the bank will appraise the collateral and perform a legal check.


Usually Needed Documents: 

  • Admissions letter and fee schedule

  • KYC and proof of income for the co-applicant

  • Documents proving collateral ownership (FD, property, etc.)

  • Recent legal and valuation reports (often organized by the bank)


Conclusion 

Based on academic records and identification, with the aid of collateral, students can obtain education loans ranging from ₹20 lakh to more than ₹1 crore in 2025, removing financial obstacles to the pursuit of costly professional or overseas courses. How Much Education Loan Can I Get? Secured loans are a wise option for students looking for all-encompassing financial coverage because they provide not only bigger ceilings but also reduced interest rates and flexible payback options.

A secured loan is your ticket to a top-notch education without sacrificing quality if you or your family can provide real estate or other suitable assets as security.

Report this page