#1  
4th January 2022, 08:40 PM
Unregistered
Guest
 
Posts: n/a

Can I get Bank Education Loan against Mortgage property?


Sir/Madam, I want to do Commercial Pilot Training course. I have searched and came to know that it cost above Rs. 10 Lacs. I have a mortgage property. So, in this situation, bank will give me loan for studying Commercial Pilot Training?




  #2  
8th January 2022, 04:13 PM
Hera tabrez
Junior Member
 
Join Date: Oct 2020
Location: Kanpur
Posts: 4,290
Default Re: Can I get Bank Education Loan against Mortgage property?

Mortgage property can be pledged against an education loan.
It can be pledged as collateral security for availing the loan amount.
Bank can finance upto 100% of loan if it's upto the limit of 7.5 lacs.
  #3  
9th January 2022, 09:58 PM
Msdhoni02
 
Join Date: May 2021
Posts: 2,526
Default Re: Can I get Bank Education Loan against Mortgage property?

Can I get Bank Education Loan against Mortgage property?

Yes, you can use the loan against property for higher education. This loan is offered to students who are going for higher education in India or overseas.
However, there is a common misconception among aspirants that they cannot pledge a housing loan property as collateral security for a secured education loan.
  #4  
11th January 2022, 07:29 PM
ashishboudha
Senior Member+++++
 
Join Date: Aug 2019
Location: Delhi,India
Posts: 5,383
Default Re: Can I get Bank Education Loan against Mortgage property?

Can I get Bank Education Loan against Mortgage property?

Yes, co-owned properties are eligible as long as all owners co-apply for the loan against property. What criteria must my property meet for approval? To qualify for a loan against property, your property's title should be free of litigation. There should be no existing mortgage on it.
Reply With Quote
Do you have any question? or have anything to say?



Related Topics:

Thread Replies Last Post
Can I get Bank Education Loan in YES Bank against Mortgage property? 1 14th July 2019 12:39 AM
Can I get Bank Education Loan in ICICI Bank against Mortgage property? 2 27th November 2018 07:26 PM
How can I get Bank Education Loan of Rs. 16 Lacs to study MS in UK? Can I repay Loan after getting job? Do I have to Mortgage the property to apply for Bank Education Loan? 1 9th April 2015 12:34 PM



Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.0
vBulletin Optimisation by vB Optimise.
Please also check: