Colleges in Canada

Hi
Private banks like Axis Bank, ICICI Bank, HDFC, etc. Offer students a loan amount upto 40 Lacs without collateral. Education loans are guaranteed under the Central government's Credit Guarantee Fund Scheme for Education Loans (CGFSEL). As per the scheme, a student can avail education loan without any collateral security or third party guarantee up to a maximum loan amount of inr 7.5 Lacs. Some non banking finance companies (NBFC) or Private Banks provide collateral free or unsecured education loans for Canada. These include Incred, Avanse, Auxilo, ICICI etc. Both public and private banks give education loan without collateral. The difference is the loan amount. Public banks give maximum of INR 7.5L while Private banks can lend up to INR 40 Lacs. Also there is an option to go with NBFCs which works same as private bank.