#1  
10th July 2019, 06:49 PM
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Can I apply for an Education Loan in YES Bank against owned building instead of a guarantor?


Sir, I donít have any guarantor in my own relation. I am not able to introduce any guarantor. But, I have a building in my own name. So, I am eligible to take an education loan YES Bank with my building for education purpose?




  #2  
14th July 2019, 04:18 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,580
Default Re: Can I apply for an Education Loan in YES Bank against owned building instead of a guarantor?

No, you can't apply for education loan without a guarantor at any bank in India. You must have a person from your family who is earning well to become the guarantor for your education loan application. Collateral is a secondary thing and is not considered a replacement for a guarantor.

The primary requirement for education loan is a guarantor and then of the loan is big they will ask for collateral. Hence, you must have a guarantor.
Do you have any question? or have anything to say?





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