Can we get foreign study loan without security?

Education loan is great financial aid for students. According to guidelines set by RBI, all banks can provide collateral free education loan up to 7 Lakhs. But for more than 7 lakh loan a collateral is required. But there are some other private Banks which provide loan up to 20 Lakhs without collateral. These Non banking finance companies are Avanse, Incred, Auxilo and Credila.

But these NBFC's have different norms. Few days ago, i have talked to Avanse and credila representative. According to them, the can easily provide education loan. According to Avanse representative, he said they require property proof of the co signer. But they did not keep the property papers, it just for verifying purpose. According to Credila and Gyan dhan representatives, they require last 2 years ITR and the co signer should have more than 700 credit score. The co signer can be parents or any blood relative.