Education and Career Forum

Dear Sir, I want to pursue MBBS. Can I get an education loan to do my course without any security? Because there is no property for us to show security. Kindly let me know if I can get an education loan.

Yes you can get education loan without security but the amount should be under 4 Lakh to 4.5 Lakh only.
But if you want to get a heavy loan amount to study MBBS course then without any security it is not possible.

It will depend on the education loan amount you want for your studies. Normally, the amount up to 4 lacs doesn't need any collateral security at most of the banks and only a guarantor will be enough to apply for such amounts.

For big education loans, banks will normally ask for collateral security along with the guarantor. Hence, if you have got MBBS admission at any private college then surely you will need security.