Diverse Education Loan Options for Studying AbroadEdulend has established partnerships with several prominent banks, including ICICI, SBI, IDFC, HDFC Credila, Axis, InCred, Auxilo, Bank of Baroda and Avanse Financial Service. This collaboration is aimed at aiding students in securing both domestic & Foreign Education Loans for their studies abroad.
Edulend specializes in facilitating low-interest loans without the need for collateral, distinguishing itself in the industry.Through its partnerships with diverse banks and financial institutions, Edulend offers access to low-interest loans, ensuring a more favorable rate compared to other lenders.
Types of Education loan for Abroad studiesAlso known as collateral-based loans, these require applicants to pledge assets such as Fixed Deposits, LIC Insurance, non-agricultural land, residential, or commercial property. Public banks in India often mandate collateral for such loans. Notably, secured loans can provide higher amounts without the need for a co-applicant.
These loans don't necessitate collateral but generally come with higher interest rates due to increased risk for the lender. Co-applicants or co-signers are commonly required, with the loan amount determined based on their income and CIBIL score.
