Education and Career Forum

Hi Sir, I am Vengatesh From Nagapattinam. I want to study B.E in marine engineering. But my family is poor. So I want Loan for B.E marine engineering. Can I get education loan for it?

After securing admission in a recognized marine engineering college you can approach any bank for education loan. Normally, a guarantor is required for loan sanction.

If you fulfill all the given condition then surely you will get loan for your education. Being from a poot family you can also avail subsidy on education loan.

Yes, you can definitely get education loan in order to pursue B.E course in the field of Marine Engineering. There is no problem if you are not financially stable. You need to :-

- Get admission in a well recognized and reputed institute.
- Comply with the terms and conditions of education loan.
- Complete all formalities as per bank's instructions. The terms and conditions are quite lenient for loan below 7.5 lakhs. Hence if you can get admission in an institute having fee structure less than 7.5 lakhs in four years, you can get education loan with ease as for education loan above 7.5 lakhs, mortgage becomes a mandatory clause.