Education Loan forISM University of Management and Economics

Collateral & Unsecured Options

For Lithuania, the affordability of most programs changes the collateral maths entirely. A typical English-taught Master's costs ₹12–25 Lakhs all-in, which usually falls within unsecured limits everywhere. Public sector banks (SBI, Bank of Baroda) offer collateral-free loans up to roughly ₹40–50 Lakhs for recognised universities such as Vilnius University, Kaunas University of Technology, and VILNIUS TECH — enough to cover almost any non-medical program without pledging property. NBFCs are the practical workhorses for Lithuania, especially for smaller or less-known universities that PSU banks won't keep on their approved list. HDFC Credila, Avanse, Auxilo, and Tata Capital extend ₹50–75 Lakhs unsecured and are far more flexible about which Lithuanian institution and which program (including agent-routed MBBS admissions) they will fund. Their rates run higher (11–14.5%), but for the loan to actually get sanctioned for a Tier-2 university, they are often the only route. Medicine is the exception where collateral usually re-enters the picture. A 6-year MD/MBBS at LSMU or Vilnius University can run ₹25–45 Lakhs or more across the full course, and many families take a secured loan to access the lowest PSU rates over a long tenure. For amounts above ₹40–50 Lakhs, all banks accept residential property (LTV 75–85%), fixed deposits (LTV ~90%), and LIC policies as collateral. A common structure is an unsecured first tranche for year one (to clear the visa) plus a top-up secured loan for the remaining years.