#1
7th September 2019, 10:33 PM
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Can my brother apply for an education loan in Punjab National Bank of Vadodara on my behalf for MBA course?
Dear Sir, my brother is working in Vadodara from last 3 years. I am preparing for various MBA entrance exams and will study MBA soon. I want to take an education loan. I have an account in Punjab National Bank and I belong to Bihar. But my brother also has account in Punjab National Bank in Vadodara so he can apply for an education loan from there?
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#2
19th March 2022, 12:42 PM
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Education loan taken for siblings or other relatives would not qualify for section 80E benefits.
An individual who has taken loan for higher studies for himself , children or spouse or if they are a legal guardian of individual who has taken education loan can claim tax benefit on an education loan. Thus you can take loan on behalf of your brother. |
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