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  #1  
21st April 2016, 12:37 PM
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Bank Education loan scheme to study Aeronautical Engineering in Abroad?


Dear Friends,
I want to go Abroad for studying for Aeronautical Engineering. But my parents doesn't afford this. So, I want to go for an Education Loan. Please tell me the Bank Education Loan scheme. Thank you in advance.




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  #2  
23rd April 2016, 03:50 PM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Bank Education loan scheme to study Aeronautical Engineering in Abroad?

To get an Education loan from bank for pursuing Aeronautical Engineering course in Abroad, you must have to submit a security based on your loan amount. If the loan amount is equal to Rs. 4 lacs, no security is required and if the loan amount ranges from Rs.4 lacs to Rs.7.5 lacs, your parents must be joint borrowers and if the loan amount ranges more than Rs.7.5 lacs, you must have to submit Collateral Security to bank in the form of House/ Flat documents which is equal to bank loan amount for getting an Education loan.
Do you have any question? or have anything to say?



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