Education and Career Forum

Sir, I want to do MBA course by taking an education loan. My problem is that my father don’t have any Income Tax File. So, is this possible that I can give my brother’s IT File as a guarantor? Please help me to know about this immediately. Thank you!

If your brother is willing to become a guarantor for your education loan, then surely you can use such documents which will surely be required during the process. Just make sure he is earning well and has a good flow of income.

You need to secure admission first and then ask your brother to become a guarantor for your education loan. You need to contact the nearest branch of the respective bank.

Yes, you can apply for an education loan against your brother’s Income Tax File. You can submit Income Tax files of any of your nearest blood relation as an guarantor to apply for an education loan. You should have secured admission to higher education course in a government recognised college/ university to be eligible to apply for an education loan. You need to submit documents like admission letter, income proof, address proof, identity proof, etc., to bank for processing your education loan.