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#1
14th December 2016, 05:50 PM
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Can I apply for an education loan against of my LIC policy?
Hello sir, I want to study MBBS course from abroad so, want to apply for an education loan. Can I apply for an education loan against of my LIC?
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#2
15th December 2016, 08:05 PM
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Re: Can I apply for an education loan against of my LIC policy?
LIC policy gives loan according to the value of the insurance policy. It is not a good option for big loans, it will only provide you a small loan based on you insurance policy. I am sure it will not cover your MBBS studies abroad.
For a full education loan for your MBBS studies abroad you need a guarantor as well as collateral security because MBBS is an expensive course which will surely require a big amount. |
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#3
16th December 2016, 08:55 AM
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Re: Can I apply for an education loan against of my LIC policy?
Yes, you can definitely apply for education loan against your LIC policy provided it is on your name or co-borrower's nane. However, your eligibility will depend on -
- The amount of education loan you are seeking - The amount your LIC policy bears. |
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#4
14th July 2017, 07:34 PM
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Re: Can I apply for an education loan against of my LIC policy?
I am already paying house loan in lic. Can we apply for educational Loan to study in abroad?
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