The invention provides an unleaded glass powder used for electronic paste and a preparation method thereof. The unleaded glass powder is composed of the following components by mass ratio: 10-60% of diboron trioxide, 2.5-30% of silicon dioxide, 30-75% of bismuth trioxide, 0.1-5% of sodium oxide, 0.1-3% of calcium oxide, 0.5-10% of strontium oxide, 1.5-20% of titanium dioxide, 0.5-8% of zirconium oxide, 0.1-5% of stannic oxide, 0.5-6% of aluminium oxide, 0.5-5% of antimonous oxide and 0.1-5% of calcium fluoride, the components are fully mixed to be uniform and then heated to 1050-1250 DEG C, and heat preservation is carried out for 30-120min, so that raw material is fully melted into glass metal, the glass metal is poured into deionized water to be quenched into glass granules, and ball milling into 320-400 meshes is carried out, thus obtaining the unleaded glass powder. The invention provides an unleaded glass powder with low softening temperature, good chemical stability, appropriate expansion coefficient, acid-base resistance, good abrasive resistance, wide sintering temperature range, low manufacturing cost and no toxic heavy metal oxide, and the unleaded glass powder has wide application range.