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  #1  
3rd June 2015, 07:29 PM
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Can I apply to get Education Loan for studying MBA without security?


Hello,
I want to study full time MBA course. Can I get an Educational Loan without security for study MBA course? I have heard that security is mandatory. Please tell me I can get Education Loan without security?




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  #2  
13th June 2015, 04:47 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Can I apply to get Education Loan for studying MBA without security?

Yes, security is mandatory irrespective of the amount of loan you take. You need to keep some amount in your account as security margin. For example, for loan below 4.5 lakhs it is 5% and for loan above 4.5 lakhs upto 7.5 lakhs it is 15%. For loan above 7.5 lakhs it is 20%.

Moreover, for loan above 7.5 lakhs, you need to keep some property such as land, vehicle or house as mortgage.
Do you have any question? or have anything to say?



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