Education and Career Forum

Sir, I have my family’s Restaurant. I am running that Restaurant. But 50% of this property is belongs to my uncle i.e.; we both are the owner of this property. I would like to get education loan for my further education. I want to do Master’s in Hotel Management. For this the bank give me loan by this property?

There are various banks that offer education loan

State Bank of India
Bank of Baroda
HDFC Bank
ICICI Bank
IDBI Bank
Punjab National Bank

The amount of security depends on the loan amount.
For loan upto INR 4 lacs no collateral security is required.
For loans exceeding 7.5 lacs, both collateral security and third party gurantee is required.
It can be in form of
LIC policy
Fixed deposit
Stock
Invoice
Intangible assets
Immovable assets
Mutual fund
Government bond etc