All You Need To Know About Unsecured Educational Loan
All You Need To Know About Unsecured Educational Loan The cost of education has been increasing for the last few years. One of the factors behind this is the rise in the number of students who are opting for their higher studies abroad. This rise in the cost discourages many students from applying for higher studies abroad. However, financial institutions such as banks and NBFCs have been offering educational loan to students at affordable interest rates so that their dream of pursuing higher studies abroad doesn’t get hampered. One such type of educational loan is the unsecured loan. Compared to secured loan, unsecured loan is one of the better options due to the sum offered and the flexibility in its criteria. Given below is more information related to unsecured educational loan: 1. What is unsecured educational loan? An unsecured loan is where you do not have to provide any kind of collateral at all for a loan of higher amount. You can go for an unsecured loan at any o