LeapScholar

What is the mode of loan you are suggesting for education?

17 Jun 2026 · Answered by Sweety Shah · 1 min read
Sweety Shah
Sweety Shah Verified
Leap Scholar's Counsellor
View Profile →

A non-collateral (unsecured) education loan is recommended for your profile.

This type of loan does not require you to pledge any assets, offers faster processing (typically 3 - 10 days), and is suitable for covering study expenses in Europe. Loan amounts usually range up to ₹40 - 75 lakh, depending on the lender and your co-applicant’s profile. Interest rates are generally higher than collateral-based loans, around 10.5% - 14% per annum (subject to change).

If you need help choosing a lender or understanding the process, your LeapScholar counsellor can guide you through the next steps.

Still have doubts?

Speak to a LeapScholar expert — free, no obligations.

4.7/5 Google 🎓 25K+ admits
Book Free Counselling Session

More Universities & admissions questions

Book a free counselling call Book Now