New Delhi, June 24 -- In today's high-stakes environment, education is often pricey. While educational loans can provide an effective means of financing, many parents or students are worried about the collateral requirements.

Luckily, many Indian banks and commercial institutions offer education loans without collateral to aid students meet their aspirations without putting family property at risk. Nonetheless, what should you know and how do you apply for one? Let's explore all aspects below.

An unsecured education loan, which is also called collateral-free education loan, is a loan where the lender will not require that their borrower pledge collateral--typically in the form of real estate, fixed deposits or any other tangible asset....