Education and Career Forum

Sir,
I have already secured admission in National University of Singapore for B.Tech program for my very good academic background. But the problem is the course fee which is Rs. 40 Lacs. As my father died last year, he was the Principal of a High School. Now it is a D/H case and taking time for the processing to get the job for my Mother. I can manage Rs. 8 Lacs from home and depending rest on Educational loan. Can I get Education Loan of Rs.32 Lacs for studying Abroad in this critical position? If yes then which bank? Please reply.

I am extremely sorry to state that you cannot opt for an education loan amounting to 32 lakhs. This is because the maximum permissible loan amount as education loan for studies in abroad is 20 lakhs. So you can take education loan upto 20 lakhs only. The best option is to take education loan of 20 lakhs and if your mother gets the job before the requirement of balance 12 lakhs then it is good, otherwise you need to think of some other alternative or drop down the idea of getting admission in B.Tech in National University of Singapore.