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  #1  
4th May 2016, 09:59 PM
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Can I get an Education Loan of Rs. 12 Lacs against a mortgaged property to study BS in Abroad?


Hello Everyone,
I am 19 years old and interested in availing an Education Loan so that I can join BS course in Abroad. My property is already mortgaged. Can I avail an Education Loan on that? My requirement is Rs. 12 Lacs.




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  #2  
7th May 2016, 11:00 PM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Can I get an Education Loan of Rs. 12 Lacs against a mortgaged property to study BS in Abroad?

I am extremely sorry to state that you cannot opt for education loan against a property which is already mortgaged. If you need to mortgage any property, you need to produce the original registry papers of the property and then there will also be a cross-check from the bank personnel. If they find the property already mortgaged, they will simply discard your loan request. You can opt for loan against some other property.
Do you have any question? or have anything to say?



« What should I do to get an Education Loan of Rs. 1.5 Lacs to study BBA? Can I get an Education Loan again for MBA? | What should I do to reapply if my Education Loan application is denied? »

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