Many Indian students either have savings from their parents or take a loan. There are both collateral and non-collateral loans offered by many banks and NBFCs. I took a non-collateral loan for my Master’s from Elite scholars, which will cover my tuition and the living costs during my study. I got introduced to Elite Scholars by Wemakescholars, which is a government-funded initiative to help students find the best deals on their educational loans. Mr Pranay Mahendrakar helped me with the whole process and explained everything about collateral and non-collateral loans. The whole process is online, you just have to send all the required documents and they will let you know the loan amount and ROI offered by different banks and NBFCs and I chose Elite scholars which offered me 40L with an interest rate of 11.25%. Ms Srihitha from Elite Scholars was assigned to me who took care of the loan processing. Both of them were very responsive and cleared all my doubts. Overall, I’m satisfied and would definitely recommend trying Wemakescholars.