Education and Career Forum

Hello,
My son is studying in final year of B.Tech at Pune. The total fee expenses of final year is around Rs. 1.5 Lacs. I am unable to pay the fee this time. So, can I get an Education Loan?

Yes, you can get an Education loan of Rs.1.5 lakhs for paying your son B.Tech final year fee. No property documents are required for education loan of Rs.1.5 lakhs. You can be the joint borrower and you need to sign as a Guaranter and you need to submit our last 6 months salary slips for loan approval.

Yes, you can get education loan for final year academic fees for Bachelor of Technology. There are two options for you either you can approach your any nearest public or private sector bank for loan or you can apply for loan on education loan portal. The official website of loan portal is http://https://www.vidyalakshmi.co.in/Students/.

Some of the important documents required are:

>>Marksheets upto third year of B.Tech.

>>Your Income certificate or salary slip.

>>Education loan letter from institute

>>Slip of fees you have paid in last three years.

>>Recognition letter from college.

Yes, you can avail an education loan.

To apply for education loan the candidate must be pursuing any of the valid and recognized course from a recognized college/ university.

At first one has to approach a nearest bank and fill the application form and submit it back by attaching the required documents such as mark sheet, address and ID proof, college admission letter including all the fee particulars and collateral security.

It is possible but I don't think this will work out for you. Now you don't have enough money to pay the fee but the entire Loan process will take time for their proceedings. So you can make sure to ask some time to make payment for your child in his college. It will work out for you.

But No college let you allow to do this procedure. So you just request for college management to give time to pay fee. Or Else you can also take suggestion from educational societies near by you.

You can get education of remaining 1.5 lacs for final year of bachelor of technology. You can visit any bank in your locality and apply for education loan by submitting documents like income certificate, marksheets, loan letter etc.

You can also apply online on official website of bank or Vidya Lakshmi portal.