Do I need to provide collateral or non-collateral security to get a loan for studying abroad?

It depends. For education loans to study abroad, collateral is usually required for larger loan amounts. Collateral can include property, fixed deposits, or insurance policies.

- Collateral-free loans are often available for smaller amounts or if you’re admitted to recognized or premier institutions.
- Collateral required for higher loan amounts or less recognized institutions.

Requirements vary by lender, loan size, and your chosen university. For details on your eligibility and options, please connect with your LeapScholar counsellor.