Banks and Non-Banking Financial Companies (NBFCs) in India offer a variety of education loan schemes tailored for overseas education, including Canada. These loans are categorized into two major types: secured loans (with collateral) and unsecured loans (without collateral). Public sector banks like State Bank of India and Punjab copyright generally prefer secured loans, while private banks and NBFCs are more open to offering unsecured loans, especially to students with strong academic profiles and admission into reputed Canadian institutions. The loan amount, interest rates, repayment tenure, and processing time all vary depending on the lender and the borrower’s profile.