Can I get a sanction letter for a non-collateral loan, and will that be acceptable?

Yes, you can get a sanction letter for a non-collateral education loan, and it is generally accepted by universities and embassies as proof of funds for studying abroad.

A sanction letter is an official document from your lender confirming the approval of your loan, including the loan amount, interest rate, and repayment terms. Non-collateral loans do not require you to pledge assets and are typically based on your academic profile and future prospects.

Make sure your sanction letter clearly states the loan amount and purpose, as this is important for visa applications. If you need help with the loan process or documentation, please contact your LeapScholar counsellor.