Is there a possibility of getting a non-collateral loan for studies?

Yes, you can apply for a non-collateral education loan for your studies abroad. Many Indian banks and financial institutions offer unsecured loans, which means you don't need to pledge assets like property or fixed deposits. To be eligible, you’ll need a confirmed admission to a recognized institution and a strong academic record, which you have with your graduation in Mechanical Engineering. Most lenders also require a co-applicant, usually a parent or guardian with a stable income. Loan amounts and terms may vary by lender, and interest rates differ based on your profile. If you need more details on your specific options, please reach out to your LeapScholar counsellor.