Education and Career Forum

Hello sir, My father is a private employee and his total income is 57 thousand. Please tell me can I get an education loan? If, yes which bank can grant the loan?

Yes, you can definitely take education loan. There is no problem with the income of the guardian or parents. However, the bank will take into account the income certificate of the co-borrower during sanction of the education loan request. But there is no huge impact of the income of co-borrower in education loan request. You need to comply with the terms and conditions of the education loan and complete all formalities as per bank's instructions to get your education loan sanctioned. The list of banks which offer education loan is attached below for your reference.

Yes, you can get education loan, but it will also depend on the size of the education loan. Banks calculate the amount they can give you based on your family income.

If you require a more hefty loan, then you might require a lot more income plus even a collateral security to support your application.

Yes, definitely you can get an education loan if your father's income is 57 thousand per month but, if it is 57 thousand per year then, you can't get an education loan.

I suggest you to please clarify whether your father's income is 57 thousand per month or year, so, that we can offer you detailed information whether you are eligible to get an education loan or not for pursuing your higher studies.