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#1
15th May 2015, 06:02 PM
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Can I apply for Bank Education Loan of Rs. 4.75 Lacs to study MBA without any Immovable property?
Dear Sir/Madam,
I want an Education Loan of Rs. 4.75 Lacs for doing my MBA course. But the problem is I don't have any immovable property. So, in this case any Bank can give me Loan? |
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#2
23rd May 2015, 02:45 PM
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Re: Can I apply for Bank Education Loan of Rs. 4.75 Lacs to study MBA without any Immovable property?
There is no problem if you do not have any immovable property. You want an education loan of 4.75 lakhs which is quite less and for which you do not need any immovable property or mortgage. You will just require a third party guarantor and a stable source of income of your family preferably the co-borrower to get your education loan. So you can definitely get education loan to meet the expense of your MBA course. However, there will be a margin of 15% which means you need to pay 15% of the sanctioned amount and the rest will be paid by the bank.
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