{"id":10740,"date":"2024-03-02T11:24:07","date_gmt":"2024-03-02T05:54:07","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=10740"},"modified":"2025-02-27T17:14:55","modified_gmt":"2025-02-27T11:44:55","slug":"iob-education-loan-without-collateral","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/","title":{"rendered":"IOB Education Loan Without Collateral: Interest Rates"},"content":{"rendered":"\n<p>Indian Overseas Bank is one of the public sector banks in India that provides different kinds of retail loans. Under this category, it offers types of home loans, car loans, jewel loans, education loans and many others. Education loans to study in India or abroad are provided with and without collateral. IOB education loans without collateral are provided up to INR 4 lakhs as per RBI guidelines on education loans 2024.&nbsp;<\/p>\n\n\n\n<p>Continue Reading to find out more about IOB education loans without collateral.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-understanding-iob-education-loans-nbsp\" data-level=\"2\">Understanding IOB Education Loans&nbsp;<\/a><\/li><li><a href=\"#h-iob-education-loans-without-collateral\" data-level=\"2\">IOB Education Loans without Collateral<\/a><ul><li><a href=\"#h-iob-vidya-jyoti-education-loan\" data-level=\"3\">IOB Vidya Jyoti Education Loan<\/a><\/li><li><a href=\"#h-iob-scholar-education-loan-nbsp\" data-level=\"3\">IOB Scholar Education Loan&nbsp;<\/a><\/li><\/ul><\/li><li><a href=\"#h-iob-education-loan-interest-rates\" data-level=\"2\">IOB Education Loan Interest Rates<\/a><ul><li><a href=\"#h-iob-education-loan-interest-rate-vidya-jyoti\" data-level=\"3\">IOB Education Loan Interest Rate- Vidya Jyoti<\/a><\/li><li><a href=\"#h-iob-education-loan-interest-rate-iob-scholar\" data-level=\"3\">IOB Education Loan Interest Rate- IOB Scholar<\/a><\/li><\/ul><\/li><li><a href=\"#h-faqs-on-iob-education-loan-without-collateral\" data-level=\"2\">FAQs on IOB Education Loan without Collateral<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-understanding-iob-education-loans-nbsp\"><span id=\"understanding-iob-education-loans\">Understanding IOB Education Loans&nbsp;<\/span><\/h2>\n\n\n\n<p>IOB Education Loans are the loans provided to aspiring and eligible students to pursue higher education in India and abroad. This helps alleviate the financial burden and chase their dreams without worrying about funds. The bank provides education loans of up to INR 50 lakhs to study in India and up to INR 60 lakhs to study abroad (with collateral). The IOB education loan interest rate starts from 11.55%. Students can apply easily through <a href=\"https:\/\/fly.finance\/blog\/education-loan\/vidya-lakshmi-portal-indian-overseas-bank\/\"><strong>Vidya Laksmi Portal Indian Overseas Bank<\/strong><\/a>.<\/p>\n\n\n\n<p>Students are required to provide <a href=\"https:\/\/fly.finance\/blog\/education-loan\/margin-money-in-education-loans\/\"><strong>margin money<\/strong><\/a> of up to 15% of the total loan amount. Scholarships\/assistantships are included in the margin. The repayment of an IOB education loan offers flexibility and is equated in monthly instalments for up to 15 years. Repayment of the loan starts after the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/what-is-moratorium-period-and-how-does-it-work\/\"><strong>moratorium period<\/strong><\/a>\/ holiday period, which is the course duration plus 1 year or after getting the job (whichever is earlier).&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Maximum Loan Amount<\/strong><\/td><td>Up to INR 50 lakhs (to study in India)<br>Up to INR 60 lakhs (to study abroad)<\/td><\/tr><tr><td><strong>Interest Rates<\/strong><\/td><td>Starts at 11.55% (RLLR + 2.20% RLLR= 9.35%)- for loans up to INR 7 lakhs<\/td><\/tr><tr><td><strong>Security&nbsp;<\/strong><\/td><td>Collateral-free loans up to INR 4 lakhsCollateral required above INR 4 lakhs<\/td><\/tr><tr><td><strong>Repayment Period<\/strong><\/td><td>Up to 15 years<\/td><\/tr><tr><td><strong>Moratorium Period<\/strong><\/td><td>Course duration + 1 year&nbsp;OR after getting the job&nbsp;(whichever is earlier)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Recommended Read: Planning to study abroad via financial assistance? Check out our blog on the <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/list-of-approved-foreign-universities-for-education-loan\/\"><strong>List of Approved Foreign Universities for Education Loan<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-iob-education-loans-without-collateral\"><span id=\"iob-education-loans-without-collateral\">IOB Education Loans without Collateral<\/span><\/h2>\n\n\n\n<p>There are many IOB education loan schemes to fund higher studies in India like \u2018Career Dreams\u2019, \u2018IOB Passion\u2019, and \u2018IOB Vidya Shreshtha\u2019. To study abroad, schemes like \u2018IOB Vidya Jyoti\u2019 and \u2018IOB Scholar\u2019 are covered. Under all these categories, IOB education loans without collateral are provided up to INR 4 lakhs. Let\u2019s have a look at the details-&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-iob-vidya-jyoti-education-loan\"><span id=\"iob-vidya-jyoti-education-loan\">IOB Vidya Jyoti Education Loan<\/span><\/h3>\n\n\n\n<p>An individual who aspires to become a pilot can avail of <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-pilot-training\/\"><strong>education loans for pilot training<\/strong><\/a>. IOB Vidya Jyothi Education loan is one of this kind provided to individuals who undertake training programmes to acquire skills needed to join as pilots. Those applying for job-oriented professional\/ technical courses from reputable universities abroad can also apply.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Quantum of Finance<\/strong><\/td><td>Minimum Loan Amount- INR 7.5 lakhs<br>Maximum Loan Amount- INR 30 lakhs<br>For study abroad- INR 40 lakhs<\/td><\/tr><tr><td><strong>Security&nbsp;<\/strong><\/td><td>Upto 4 lakhs- NILAbove 4 lakhs- Required<\/td><\/tr><tr><td><strong>Interest Rates<\/strong><\/td><td>RLLR + 1.65% (9.35% + 1.65%) = 11%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-iob-scholar-education-loan-nbsp\"><span id=\"iob-scholar-education-loan\">IOB Scholar Education Loan&nbsp;<\/span><\/h3>\n\n\n\n<p>Scholar education loan is the financial aid provided by the Indian Overseas Bank to pursue higher education in India and abroad other than loans covered under the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/iba-model-education-loan-scheme\/\"><strong>IBA model education loan scheme<\/strong><\/a>. Such loans are disbursed directly to the university and in stages as per the requirement.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Quantum of Finance<\/strong><\/td><td>Maximum Loan Amount- INR 50 lakhs<br>For study abroad- INR 60 lakhs<\/td><\/tr><tr><td><strong>Security&nbsp;<\/strong><\/td><td>Upto 4 lakhs- NIL<br>Above 4 lakhs- Required<\/td><\/tr><tr><td><strong>Interest Rates<\/strong><\/td><td>Up to 7.5 lakhs = 11.55%<br>Above 7.5 lakhs and up to 60 lakhs = 12.55%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Students can consider taking education loans from Indian Overseas Bank as the IOB Education Loan Disbursement Process is quick and hassle-free.&nbsp;<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Planning for study abroad loan from SBI? Read this and know the differences between the <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-student-loan-scheme-vs-sbi-global-ed-vantage-scheme\/\"><strong>SBI Student Loan Scheme and SBI Global Ed-vantage Scheme<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-iob-education-loan-interest-rates\"><span id=\"iob-education-loan-interest-rates\">IOB Education Loan Interest Rates<\/span><\/h2>\n\n\n\n<p>Different banks have different interest rates at which they provide education loans. The IOB education loan interest rates are calculated as the sum of RLLR (Repo Linked Lending Rate) and the Spread.&nbsp;<\/p>\n\n\n\n<p>Spread is the difference between the rate of interest commercial banks pay out loans and the rate at which deposits are credited to their accounts.<\/p>\n\n\n\n<p>The RLLR (w.e.f from 08.02.2023) of IOB is 9.35%. Let\u2019s have a look at the IOB education loan interest rates applicable to the loan schemes discussed above-<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-iob-education-loan-interest-rate-vidya-jyoti\"><span id=\"iob-education-loan-interest-rate-vidya-jyoti\">IOB Education Loan Interest Rate- Vidya Jyoti<\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Type<\/strong><\/td><td><strong>Rate of Interest<\/strong><\/td><td><strong>Effective IOB education loan interest rates<\/strong><\/td><\/tr><tr><td><strong>Interest Rates for Public<\/strong><\/td><td>RLLR + 1.65%<\/td><td>11.00%<\/td><\/tr><tr><td><strong>Interest Rates for the wards of IOB Staff (including retired)<\/strong><\/td><td>RLLR + 0.40%<\/td><td>9.75%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-iob-education-loan-interest-rate-iob-scholar\"><span id=\"iob-education-loan-interest-rate-iob-scholar\">IOB Education Loan Interest Rate- IOB Scholar<\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Type<\/strong><\/td><td><strong>Rate of Interest<\/strong><\/td><td><strong>Effective IOB education loan interest rates<\/strong><\/td><\/tr><tr><td><strong>Loan up to INR 7.50 lakhs<\/strong><\/td><td>RLLR + 2.20%<\/td><td>11.55%<\/td><\/tr><tr><td><strong>Above INR 7.50 lakhs and up to INT 60 lakhs<\/strong><\/td><td>RLLR + 3.20%<\/td><td>12.55%<\/td><\/tr><tr><td><strong>For the wards of Staff<\/strong><\/td><td>RLLR + 1.90%<\/td><td>11.25%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Please Note that the interest rates are subject to change as per new market trends and economic changes in the country.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-iob-education-loan-without-collateral\"><span id=\"faqs-on-iob-education-loan-without-collateral\">FAQs on IOB Education Loan without Collateral<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1709876625644\"><strong class=\"schema-faq-question\"><strong>Does IOB provide education loans to study abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, Indian Overseas Bank provides education loans of up to INR 50 lakhs to study in India and up to INR 60 lakhs to study abroad.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1709876627028\"><strong class=\"schema-faq-question\"><strong>How to get a 25 lakh IOB education loan without collateral?<\/strong><\/strong> <p class=\"schema-faq-answer\">It is not possible to avail 25 lakh IOB education loan without collateral because IOB is a public sector bank and under RBI guidelines for education loans, banks can provide collateral-free loans of up to 4 lakhs.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1709876628094\"><strong class=\"schema-faq-question\"><strong>What is the interest rate for an education loan in IOB?<\/strong><\/strong> <p class=\"schema-faq-answer\">IOB education loan interest rates start from 11.55% (which is the sum of RLLR + spread).<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1709876628995\"><strong class=\"schema-faq-question\"><strong>Who is eligible for an education loan in IOB Bank?<\/strong><\/strong> <p class=\"schema-faq-answer\">An Indian citizen who has secured admission to university through entrance or merit-based is eligible to avail IOB education loan. The student must also have a good credit score.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1709876712914\"><strong class=\"schema-faq-question\"><strong>What is the maximum amount of IOB education loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">IOB education loans are provided up to 60 lakhs to study abroad that cover tuition fees, travel expenses, accommodation expenses and related study abroad expenses.<\/p> <\/div> <\/div>\n\n\n\n<p>This was all about IOB education loans without collateral. Based on RBI guidelines on education loans, the bank provides collateral-free loans up to 4 lakhs. Make sure to compare different lenders and read IOB education loan terms and conditions carefully before applying.&nbsp;<\/p>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/blog\/student-account\/\"><strong>bank accounts for students<\/strong><\/a>, forex and banking experience for global students or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/kotak-mahindra-bank-education-loan\/\"><strong>Kotak Mahindra Bank Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-rinn-raksha-for-education-loan\/\"><strong>SBI RiNn Raksha for Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/public-sector-banks-education-loans\/\"><strong>Top Public Sector Banks Education Loans in India<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 s-0.009,2.688-0.052,3.637c-0.04,0.877-0.187,1.354-0.31,1.671c-0.163,0.42-0.358,0.72-0.673,1.035 c-0.315,0.315-0.615,0.51-1.035,0.673c-0.317,0.123-0.794,0.27-1.671,0.31c-0.949,0.043-1.233,0.052-3.637,0.052 s-2.688-0.009-3.637-0.052c-0.877-0.04-1.354-0.187-1.671-0.31c-0.42-0.163-0.72-0.358-1.035-0.673 c-0.315-0.315-0.51-0.615-0.673-1.035c-0.123-0.317-0.27-0.794-0.31-1.671C4.631,14.688,4.622,14.403,4.622,12 s0.009-2.688,0.052-3.637c0.04-0.877,0.187-1.354,0.31-1.671c0.163-0.42,0.358-0.72,0.673-1.035 c0.315-0.315,0.615-0.51,1.035-0.673c0.317-0.123,0.794-0.27,1.671-0.31C9.312,4.631,9.597,4.622,12,4.622 M12,3 C9.556,3,9.249,3.01,8.289,3.054C7.331,3.098,6.677,3.25,6.105,3.472C5.513,3.702,5.011,4.01,4.511,4.511 c-0.5,0.5-0.808,1.002-1.038,1.594C3.25,6.677,3.098,7.331,3.054,8.289C3.01,9.249,3,9.556,3,12c0,2.444,0.01,2.751,0.054,3.711 c0.044,0.958,0.196,1.612,0.418,2.185c0.23,0.592,0.538,1.094,1.038,1.594c0.5,0.5,1.002,0.808,1.594,1.038 c0.572,0.222,1.227,0.375,2.185,0.418C9.249,20.99,9.556,21,12,21s2.751-0.01,3.711-0.054c0.958-0.044,1.612-0.196,2.185-0.418 c0.592-0.23,1.094-0.538,1.594-1.038c0.5-0.5,0.808-1.002,1.038-1.594c0.222-0.572,0.375-1.227,0.418-2.185 C20.99,14.751,21,14.444,21,12s-0.01-2.751-0.054-3.711c-0.044-0.958-0.196-1.612-0.418-2.185c-0.23-0.592-0.538-1.094-1.038-1.594 c-0.5-0.5-1.002-0.808-1.594-1.038c-0.572-0.222-1.227-0.375-2.185-0.418C14.751,3.01,14.444,3,12,3L12,3z M12,7.378 c-2.552,0-4.622,2.069-4.622,4.622S9.448,16.622,12,16.622s4.622-2.069,4.622-4.622S14.552,7.378,12,7.378z M12,15 c-1.657,0-3-1.343-3-3s1.343-3,3-3s3,1.343,3,3S13.657,15,12,15z M16.804,6.116c-0.596,0-1.08,0.484-1.08,1.08 s0.484,1.08,1.08,1.08c0.596,0,1.08-0.484,1.08-1.08S17.401,6.116,16.804,6.116z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Instagram<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/company\/flyfinance\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-twitter  wp-block-social-link\"><a href=\"https:\/\/twitter.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-facebook  wp-block-social-link\"><a href=\"https:\/\/www.facebook.com\/Flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 2C6.5 2 2 6.5 2 12c0 5 3.7 9.1 8.4 9.9v-7H7.9V12h2.5V9.8c0-2.5 1.5-3.9 3.8-3.9 1.1 0 2.2.2 2.2.2v2.5h-1.3c-1.2 0-1.6.8-1.6 1.6V12h2.8l-.4 2.9h-2.3v7C18.3 21.1 22 17 22 12c0-5.5-4.5-10-10-10z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Facebook<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Indian Overseas Bank is one of the public sector banks in India that provides different kinds of retail loans. Under this category, it offers types of home loans, car loans, jewel loans, education loans and many others. Education loans to study in India or abroad are provided with and without collateral. IOB education loans without &#8230; <a title=\"IOB Education Loan Without Collateral: Interest Rates\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/\" aria-label=\"Read more about IOB Education Loan Without Collateral: Interest Rates\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":10741,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-10740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IOB Education Loan Without Collateral: Interest Rates<\/title>\n<meta name=\"description\" content=\"Check here all about IOB Education Loan Without Collateral. Know the interest rate, features, eligibility etc.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IOB Education Loan Without Collateral: Interest Rates\" \/>\n<meta property=\"og:description\" content=\"Check here all about IOB Education Loan Without Collateral. Know the interest rate, features, eligibility etc.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/shubhika.garg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-02T05:54:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T11:44:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/08112313\/HDFC-Credila-Education-Loan-to-Study-Abroad-2.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Shubhika Garg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shubhika Garg\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IOB Education Loan Without Collateral: Interest Rates","description":"Check here all about IOB Education Loan Without Collateral. Know the interest rate, features, eligibility etc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/","og_locale":"en_US","og_type":"article","og_title":"IOB Education Loan Without Collateral: Interest Rates","og_description":"Check here all about IOB Education Loan Without Collateral. Know the interest rate, features, eligibility etc.","og_url":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/","og_site_name":"Fly Finance","article_author":"https:\/\/www.facebook.com\/shubhika.garg\/","article_published_time":"2024-03-02T05:54:07+00:00","article_modified_time":"2025-02-27T11:44:55+00:00","og_image":[{"width":1024,"height":640,"url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/08112313\/HDFC-Credila-Education-Loan-to-Study-Abroad-2.webp","type":"image\/webp"}],"author":"Shubhika Garg","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shubhika Garg","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/"},"author":{"name":"Shubhika Garg","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/1f13adc00f6f67e7ed5a2fb5e97bfec6"},"headline":"IOB Education Loan Without Collateral: Interest Rates","datePublished":"2024-03-02T05:54:07+00:00","dateModified":"2025-02-27T11:44:55+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/"},"wordCount":1123,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/08112313\/HDFC-Credila-Education-Loan-to-Study-Abroad-2.webp","articleSection":["Education Loan"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/","url":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/","name":"IOB Education Loan Without Collateral: Interest Rates","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/08112313\/HDFC-Credila-Education-Loan-to-Study-Abroad-2.webp","datePublished":"2024-03-02T05:54:07+00:00","dateModified":"2025-02-27T11:44:55+00:00","description":"Check here all about IOB Education Loan Without Collateral. Know the interest rate, features, eligibility etc.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876625644"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876627028"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876628094"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876628995"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876712914"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/08112313\/HDFC-Credila-Education-Loan-to-Study-Abroad-2.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/08112313\/HDFC-Credila-Education-Loan-to-Study-Abroad-2.webp","width":1024,"height":640,"caption":"IOB Education Loan Without Collateral"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"Education Loan","item":"https:\/\/fly.finance\/blog\/category\/education-loan\/"},{"@type":"ListItem","position":3,"name":"IOB Education Loan Without Collateral: Interest Rates"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/1f13adc00f6f67e7ed5a2fb5e97bfec6","name":"Shubhika Garg","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","caption":"Shubhika Garg"},"description":"Hey there! I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876625644","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876625644","name":"Does IOB provide education loans to study abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, Indian Overseas Bank provides education loans of up to INR 50 lakhs to study in India and up to INR 60 lakhs to study abroad.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876627028","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876627028","name":"How to get a 25 lakh IOB education loan without collateral?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"It is not possible to avail 25 lakh IOB education loan without collateral because IOB is a public sector bank and under RBI guidelines for education loans, banks can provide collateral-free loans of up to 4 lakhs.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876628094","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876628094","name":"What is the interest rate for an education loan in IOB?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"IOB education loan interest rates start from 11.55% (which is the sum of RLLR + spread).","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876628995","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876628995","name":"Who is eligible for an education loan in IOB Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"An Indian citizen who has secured admission to university through entrance or merit-based is eligible to avail IOB education loan. The student must also have a good credit score.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876712914","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/#faq-question-1709876712914","name":"What is the maximum amount of IOB education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"IOB education loans are provided up to 60 lakhs to study abroad that cover tuition fees, travel expenses, accommodation expenses and related study abroad expenses.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/10740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=10740"}],"version-history":[{"count":4,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/10740\/revisions"}],"predecessor-version":[{"id":17926,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/10740\/revisions\/17926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/10741"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=10740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=10740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=10740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}