<h1>Collateral-free education loans expanded, with enhanced guarantee scheme and model limits affecting loan quantum and bank discretion.</h1> Education loan eligibility under the IBA Model covers recognised graduate, postgraduate and diploma courses and recognised non professional courses; Vidya Lakshmi Portal enables online application tracking. RBI guidelines provide collateral free loans up to prescribed thresholds, and the Credit Guarantee Fund Scheme for Education Loans expands collateral free coverage. The IBA Model sets indicative loan ceilings for domestic and foreign study while allowing banks to impose institution or stream wise caps and consider higher quantum on a course by course basis.