Does having land or property help in getting an education loan?

Yes, having land or property can help you get an education loan in India. Banks often accept non-agricultural property (such as residential or commercial real estate) as collateral for secured education loans, which can allow you to access higher loan amounts and lower interest rates than unsecured loans.

- Non-agricultural property is accepted as collateral.
- Agricultural land is generally not accepted due to legal restrictions.
- The loan amount depends on the property's market value and the bank’s policies.
- Clear ownership and proper documentation are required.

If you have eligible property, discuss collateral requirements and next steps with your LeapScholar counsellor.