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#1
8th August 2015, 07:08 PM
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Can I get loan for about 6-7 lakhs for NIFT without any mortgage and guarantee? What is the procedure which I need to follow up?
Hi,
I am vaidehi.... can i get loan upto 6-7 lacs for nift without any mortgage and guarantee as my family annual income is 1.25 lacs... Can someone please let me know the procedure which I need to follow up? and the formalities which I need to meet? |
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#2
8th August 2015, 09:07 PM
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Re: Can I get loan for about 6-7 lakhs for NIFT without any mortgage and guarantee? What is the procedure which I need to follow up?
I am extremely sorry to state that you cannot get education loan amounting 6-7 lakhs without providing third party guarantee to the bank. There is no need of mortgage for loan amounting to 7 lakhs. However, third party guarantee is compulsory and this is a compulsion for all banks. So you need to provide a third party guarantor and can get your education loan sanctioned easily. Otherwise you can try for scholarships in your college.
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