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  #1  
3rd November 2016, 05:13 PM
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Can I apply for an Education Loan in Andhra Bank with Life Insurance Policy to study Abroad?


I have a Life Insurance Policy and I want to know that through this policy I can apply an Education Loan in Andhra Bank for studying in Abroad? Please let me know asap.




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  #2  
6th November 2016, 04:59 PM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Can I apply for an Education Loan in Andhra Bank with Life Insurance Policy to study Abroad?

Yes, you can apply for education loan using Life Insurance policy as collateral security. However, the sanction of the education loan request also depends on the loan amount you are seeking and the amount of life insurance policy you have along with its maturity period. Apart from this you need to get admission in a well recognized institute and comply with the other terms and conditions of the education loan and complete all formalities as per instructions from the bank.
Do you have any question? or have anything to say?



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