Tata Capital Education Loan Without Collateral

If you are one of those students who want to study abroad by taking an education loan but are confused about how to get a loan without property or fixed bond, then do not worry! Many students face this issue. The good news is, Tata Capital education loan without collateral can help you realise your dream of studying abroad. In this guide, we will be covering the following information about Tata Capital education loan without collateral:

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  Key Features
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  Eligibility Criteria
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  Documents Required
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  Expenses Covered
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  Application Process
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  Benefits

So stay with us till the end to learn everything about Tata Capital education loan without collateral. But first, let us clearly understand what is education loan without collateral.

What is an Education Loan Without Collateral?

An education loan without collateral is also known as an unsecured education loan. It means you do not need to give any property, fixed deposit, or other assets as a guarantee to your lender for an education loan. The loan is given based on your academic records, your co-applicant’s credit score, the recognition of your chosen university and the job prospects of your chosen course.

Tata Capital Education Loan Without Collateral: Key Features 

The following are the key features of Tata Capital education loan without collateral:

Watch this video to learn more about Tata Capital education loan without collateral:

Eligibility Criteria for Tata Capital Education Loan Without Collateral

The following are the eligibility criteria for the applicant (the student) and for the co-applicant for the Tata Capital education loan without collateral:

Documents Required for Tata Capital Non Collateral Education Loan

The following is the list of documents required for the Tata Capital education loan without collateral. Please note that for salaried co-applicants and self-employed co-applicant, the document requirement may vary slightly. These are listed below:

Documents Required from Applicant (Student):

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  Admission confirmation from the institution
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  Academic certificates and transcripts
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  Identification proof and recent photographs

Documents from Salaried Co-Applicant:

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  Recent passport-size photograph
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  Photo identity proof (Voter ID / Passport / Driving License / Aadhaar Card)
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  PAN card or Form 60 (whichever is applicable)
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  Address proof (Voter ID / Passport / Driving License / Aadhaar Card)
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  Signature verification
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  Income proof (Form 16 for the last 2 years)
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  Bank account statements for the last 6 months
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  Salary slips for the last 3 months

Documents from Self-Employed Co-Applicant:

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  Recent passport-size photograph
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  Photo identity proof (Voter ID / Passport / Driving License / Aadhaar Card)
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  PAN card or Form 60 (whichever is applicable)
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  Address proof (Voter ID / Passport / Driving License / Aadhaar Card)
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  Signature verification
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  Income Tax Return
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  Profit and Loss Statement
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  Balance Sheet
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  Bank account statements for the last 6 months

Other Required Documents:

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  Completed loan application form
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  Loan agreement and supporting documents

Expenses Covered by Tata Capital Education Loan Without Collateral 

The following expenses are covered by the Tata Capital education loan without collateral:

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  Tuition and academic fees
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  Accommodation and daily living expenses
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  Airfare and visa charges
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  Library, exam, and lab fees
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  Purchase of books, laptop, and other supplies
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  Travel and medical insurance

Application Process 

The application process for Tata Capital unsecured education loan is simple. Here are the steps:

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  Step 1: Visit Tata Capital’s official website and go to the education loan page.

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  Step 2: Click on “Apply Now” and share your details.

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  Step 3: Upload the required documents.

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  Step 4: A representative will get in touch for document checks.

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  Step 5: The application will be reviewed and approved.

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  Step 6: Once approved, funds will be sent directly to the educational institute.

You can read more about the application process for Tata Capital education loan without collateral on our website blog.

If you want to get better education loan rates with expedited processing and an easy application process, then we, at GyanDhan will help you from application to approval. With our strong network with every major lender in the country, we can make sure your approval chances are higher with much better interest rates. All you need to do is check your loan eligibility and one of our education loan experts will be in touch with you to take your application further.

Benefits of Tata Capital Education Loan Without Collateral

The following are the benefits of the Tata Capital education loan:

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  High loan amount up to INR 85 Lakhs.
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  No need to provide any security or assets.
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  Covers all major student expenses.
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  Adjustable repayment terms.
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  The digital application makes the process fast and easy.
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  Support for top colleges across many countries.

Important Tips for Students

The following are some of the important tips for students planning to apply for Tata Capital education loan without collateral:

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  Begin your application early to avoid delays.
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  Make sure all your documents are updated.
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  Your co-applicant’s good credit score can improve your approval chances.
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  Do not hesitate to talk to a loan officer for help and clarity.

Tata Capital education loan can help you realise your dream of abroad education, even if you do not own any property or have deposits in your name. With flexible repayment tenure and low interest rates, it is a good option to consider when planning to get an education loan without collateral.

Frequently Asked Questions