The answer is yes, but it depends on various factors. For example, if you have secured an admission into an accredited institution, the lender may not require a guarantor or a third-party guarantee to get approval on the education loan.

Every bank has a list of educational institutions which are categorised based on popularity and quality. You might have noticed the institutions being listing as I, II, III, etc. Accredited institutions such as IIT, IIM, AIIMS, etc., come on the top level. Based on the type of admission you have obtained, you can get approved for an education loan.