Education and Career Forum

Hello Sir, my father is a Government employee and his yearly income is Rs. 4.5 Lacs. Can I get an education loan of Rs. 8 Lacs through him? Kindly help me to know about this.

Yes you can get an education loan of Rs.8 Lakh even after your father is a Government employee.
Some of the names of banks is listed below which offers education loans and these are mentioned below:-
Bank of India
Bank of Baroda
State Bank of India
Canara Bank
Axis Bank
Punjab National Bank
Allahabad Bank
HDFC Bank
HSBC Bank
Kotak Mahindra Bank
ICICI Bank

Yes, your father can become a guarantor for the education loan, but banks will provide loan only after the full verification process. There are many factors which are involved and you and the guarantor must fulfill the criteria to get the loan.

Just make sure you don't have any previous loans pending and also the credit score will be important. Those who have an excellent credit score have a good chance of getting the loan.

Yes you are eligible to apply for education loan.
Here is list of some of the banks which provides education loan are as follows:-
State Bank of India
Bank of Baroda
Axis Bank
Bank of India
Allahabad Bank
Canara Bank
Central Bank of India
Punjab National Bank
Punjab and Sind Bank
UCO Bank

Yes, you can get loan. However, do checkout the amount for which you can avail the loan.